PDD Holdings Inc. (NASDAQ:PDD) Shares Purchased by Vaughan Nelson Investment Management L.P.

Vaughan Nelson Investment Management L.P. grew its position in shares of PDD Holdings Inc. (NASDAQ:PDD) by 8.7% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 24,385 shares of the company’s stock after purchasing an additional 1,950 shares during the quarter. Vaughan Nelson Investment Management L.P.’s holdings in PDD were worth $2,365,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently modified their holdings of PDD. Prospera Private Wealth LLC acquired a new position in PDD during the third quarter worth about $27,000. Venturi Wealth Management LLC bought a new position in shares of PDD during the 3rd quarter valued at about $29,000. Nisa Investment Advisors LLC acquired a new position in shares of PDD in the 4th quarter worth approximately $39,000. Brooklyn Investment Group raised its holdings in shares of PDD by 340.3% in the 4th quarter. Brooklyn Investment Group now owns 524 shares of the company’s stock worth $51,000 after purchasing an additional 405 shares in the last quarter. Finally, Carolina Wealth Advisors LLC bought a new stake in shares of PDD in the 3rd quarter worth approximately $66,000. Institutional investors own 39.83% of the company’s stock.

Analyst Ratings Changes

PDD has been the topic of several recent research reports. Dbs Bank lowered shares of PDD from a “strong-buy” rating to a “hold” rating in a research report on Friday, November 22nd. Jefferies Financial Group decreased their target price on PDD from $181.00 to $171.00 and set a “buy” rating on the stock in a report on Thursday, November 21st. JPMorgan Chase & Co. downgraded PDD from an “overweight” rating to a “neutral” rating and reduced their target price for the company from $170.00 to $105.00 in a report on Friday, November 22nd. Finally, Benchmark decreased their price target on PDD from $185.00 to $160.00 and set a “buy” rating for the company in a research report on Friday, November 22nd. Three analysts have rated the stock with a hold rating, eight have assigned a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, PDD has a consensus rating of “Moderate Buy” and an average price target of $173.40.

PDD Price Performance

Shares of PDD opened at $114.27 on Monday. The company has a debt-to-equity ratio of 0.02, a current ratio of 2.15 and a quick ratio of 2.15. The company has a market capitalization of $157.22 billion, a price-to-earnings ratio of 11.16, a P/E/G ratio of 0.29 and a beta of 0.67. The business’s 50-day moving average is $102.90 and its 200-day moving average is $114.46. PDD Holdings Inc. has a fifty-two week low of $88.01 and a fifty-two week high of $164.69.

PDD Company 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.