J. Safra Sarasin Holding AG Boosts Position in PDD Holdings Inc. Sponsored ADR (NASDAQ:PDD)\n\nJ. Safra Sarasin Holding AG increased its stake in PDD Holdings by 148.9%, owning a total of 67,701 shares valued at $8,012,000 after purchasing 40,500 shares in Q1. Various hedge funds have altered their positions in PDD, with notable investments including Arizona PSPRS Trust and Resona Asset Management, contributing to a combined hedge fund ownership of 39.83% of the stock. Analysts have mixed ratings on PDD, with a consensus target price of $144.55, where recommendations include seven \"hold\" ratings and six \"buy\" ratings.\n\nJ. Safra Sarasin Holding AG grew its holdings in shares of PDD Holdings Inc. Sponsored ADR by 148.9% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm owned 67,701 shares of the company's stock after buying an additional 40,500 shares during the period. J. Safra Sarasin Holding AG's holdings in PDD were worth $8,012,000 as of its most recent SEC filing. Several other hedge funds have also recently made changes to their positions in PDD. Pitcairn Co. bought a new stake in shares of PDD during the fourth quarter valued at approximately $338,000. Arizona PSPRS Trust bought a new stake in shares of PDD during the fourth quarter valued at approximately $1,372,000. Resona Asset Management Co. Ltd. bought a new stake in shares of PDD during the fourth quarter valued at approximately $16,411,000. Aviva PLC boosted its position in shares of PDD by 1.2% during the fourth quarter. Aviva PLC now owns 616,033 shares of the company's stock valued at $59,749,000 after purchasing an additional 7,088 shares in the last quarter. Finally, Quadrant Capital Group LLC boosted its position in shares of PDD by 7.1% during the fourth quarter. Quadrant Capital Group LLC now owns 7,794 shares of the company's stock valued at $756,000 after purchasing an additional 518 shares in the last quarter.\n\nAnalysts Set New Price Targets Several equities research analysts recently weighed in on PDD shares. China Renaissance restated a \"hold\" rating and set a $107.00 price target on shares of PDD in a research report on Wednesday, May 28th. JPMorgan Chase & Co. dropped their target price on PDD from $125.00 to $105.00 and set a \"neutral\" rating on the stock in a report on Wednesday, May 28th. Citigroup raised PDD from a \"neutral\" rating to a \"buy\" rating and boosted their target price for the stock from $127.00 to $165.00 in a report on Monday, May 12th. Benchmark dropped their target price on PDD from $160.00 to $128.00 and set a \"buy\" rating on the stock in a report on Wednesday, May 28th. Finally, Deutsche Bank Aktiengesellschaft reissued a \"hold\" rating and issued a $112.00 target price on shares of PDD in a report on Wednesday, May 28th. Seven research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of \"Moderate Buy\" and a consensus target price of $144.55.\n\nPDD Price Performance opened at $110.06 on Friday. PDD Holdings Inc. Sponsored ADR has a 1-year low of $87.11 and a 1-year high of $155.67. The business has a fifty day moving average price of $105.72 and a 200-day moving average price of $110.16. The stock has a market capitalization of $153.22 billion, a P/E ratio of 11.85, a P/E/G ratio of 1.54 and a beta of 0.42. PDD (NASDAQ:PDD) last posted its quarterly earnings results on Tuesday, May 27th. The company reported $1.37 earnings per share for the quarter, missing the consensus estimate of $2.25 by ($0.88). PDD had a return on equity of 33.76% and a net margin of 24.63%. The business had revenue of $13.19 billion during the quarter, compared to analysts' expectations of $103.37 billion. During the same quarter in the prior year, the firm earned $20.72 EPS. The firm's revenue for the quarter was up 10.2% compared to the same quarter last year. As a group, analysts anticipate that PDD Holdings Inc. Sponsored ADR will post 10.24 earnings per share for the current year.\n\nPDD Profile PDD Holdings Inc, a multinational commerce group, owns and operates a portfolio of businesses. It operates Pinduoduo, an e-commerce platform that offers products in various categories, including agricultural produce, apparel, shoes, bags, mother and childcare products, food and beverage, electronic appliances, furniture and household goods, cosmetics and other personal care, sports and fitness items and auto accessories; and Temu, an online marketplace.

J. Safra Sarasin Holding AG Boosts Position in PDD Holdings Inc. Sponsored ADR (NASDAQ:PDD)

J. Safra Sarasin Holding AG increased its stake in PDD Holdings Inc. by 148.9%, now owning 67,701 shares valued at $8.01 million. Other hedge funds, including Arizona PSPRS Trust and Resona Asset Management, also adjusted their positions in PDD. Analysts have mixed ratings, with a consensus target price of $144.55. PDD's financials include a market cap of $153.22 billion, P/E ratio of 11.85, and recent earnings results missing analyst expectations.