Barings LLC Has $60.56 Million Stake in PDD Holdings Inc. Sponsored ADR (NASDAQ:PDD)\n\nKey Points\n* **Barings LLC** reduced its stake in PDD Holdings Inc. by **30.7%** during the first quarter, holding approximately **$60.56 million** worth of shares, which makes up around 1.5% of its investment portfolio.\n* PDD Holdings reported earnings of **$1.37** per share, missing estimates by **$0.88**, with revenues of **$13.19 billion** during the last quarter, showing a **10.2% increase** compared to the same period last year.\n* Research analysts are mixed on PDD's outlook, with a consensus price target of **$144.55** and a majority rating of \"Moderate Buy\" from analysts, while some firms adjusted their rates with Citigroup upgrading it to a \"buy\" and JPMorgan lowering their target.\n\nBarings LLC lessened its holdings in PDD Holdings Inc. Sponsored ADR ( - ) by 30.7% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 511,703 shares of the company's stock after selling 226,467 shares during the quarter. PDD makes up approximately 1.5% of Barings LLC's investment portfolio, making the stock its 8th largest position. Barings LLC's holdings in PDD were worth $60,560,000 at the end of the most recent quarter.\n\nA number of other large investors have also added to or reduced their stakes in the business.\n\nSignaturefd LLC raised its holdings in PDD by 1.3% during the 1st quarter. Signaturefd LLC now owns 8,957 shares of the company's stock worth $1,060,000 after purchasing an additional 119 shares during the last quarter.\n\nFocus Financial Network Inc. raised its holdings in PDD by 6.3% during the 1st quarter. Focus Financial Network Inc. now owns 2,279 shares of the company's stock worth $270,000 after purchasing an additional 136 shares during the last quarter.\n\nLindbrook Capital LLC raised its holdings in PDD by 11.5% during the 1st quarter. Lindbrook Capital LLC now owns 1,930 shares of the company's stock worth $228,000 after purchasing an additional 199 shares during the last quarter.\n\nHollencrest Capital Management bought a new position in PDD during the 1st quarter worth approximately $26,000.\n\nFinally, AE Wealth Management LLC raised its holdings in PDD by 3.8% during the 1st quarter. AE Wealth Management LLC now owns 6,209 shares of the company's stock worth $735,000 after purchasing an additional 229 shares during the last quarter.\n\nInstitutional investors own 39.83% of the company's stock.\n\nGet **PDD** alerts: Sign Up\n\nPDD Trading Down 3.0% opened at $110.06 on Friday. The company has a fifty day simple moving average of $105.72 and a 200 day simple moving average of $110.10. PDD Holdings Inc. Sponsored ADR has a 12-month low of $87.11 and a 12-month high of $155.67. The company has a market cap of $153.22 billion, a P/E ratio of 11.85, a PEG ratio of 1.59 and a beta of 0.42.\n\nPDD ( - ) last posted its quarterly earnings results on Tuesday, May 27th. The company reported $1.37 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.25 by ($0.88). PDD had a net margin of 24.63% and a return on equity of 33.76%. The business had revenue of $13.19 billion during the quarter, compared to analyst estimates of $103.37 billion. During the same period in the previous year, the business posted $20.72 EPS. The business's revenue for the quarter was up 10.2% compared to the same quarter last year.\n\nSell-side analysts predict that PDD Holdings Inc. Sponsored ADR will post 10.24 EPS for the current year.\n\nAnalysts Set New Price Targets\nSeveral research analysts have issued reports on PDD shares.\n\nCitigroup upgraded shares of PDD from a \"neutral\" rating to a \"buy\" rating and raised their price target for the stock from $127.00 to $165.00 in a report on Monday, May 12th.\n\nJPMorgan Chase & Co. reduced their price objective on shares of PDD from $125.00 to $105.00 and set a \"neutral\" rating for the company in a research report on Wednesday, May 28th.\n\nJefferies Financial Group set a $121.00 price objective on shares of PDD and gave the stock a \"buy\" rating in a research report on Tuesday, May 27th.\n\nChina Renaissance reaffirmed a \"hold\" rating and set a $107.00 price objective on shares of PDD in a research report on Wednesday, May 28th.\n\nFinally, Deutsche Bank Aktiengesellschaft reaffirmed a \"hold\" rating and set a $112.00 price objective on shares of PDD in a research report on Wednesday, May 28th.\n\nSeven analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of \"Moderate Buy\" and a consensus price target of $144.55.\n\nAbout PDD ()\nPDD 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.

Barings LLC Has $60.56 Million Stake in PDD Holdings Inc. Sponsored ADR (NASDAQ:PDD)

Barings LLC reduced its stake in PDD Holdings Inc. by 30.7% in Q1, holding $60.56 million worth of shares. PDD reported $1.37 EPS, missing estimates, with 10.2% revenue growth. Analysts have mixed ratings, with a consensus price target of $144.55 and a majority "Moderate Buy" rating.