Ritholtz Wealth Management boosted its position in PDD Holdings Inc. (NASDAQ:PDD – Free Report) by 1.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 12,189 shares of the company’s stock after buying an additional 174 shares during the quarter. Ritholtz Wealth Management’s holdings in PDD were worth $1,783,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Captrust Financial Advisors boosted its position in shares of PDD by 108.5% during the first quarter. Captrust Financial Advisors now owns 636 shares of the company’s stock worth $26,000 after buying an additional 331 shares during the period. SRS Capital Advisors Inc. raised its holdings in PDD by 294.4% during the third quarter. SRS Capital Advisors Inc. now owns 280 shares of the company’s stock worth $27,000 after purchasing an additional 209 shares in the last quarter. Altshuler Shaham Ltd bought a new stake in PDD during the fourth quarter worth approximately $43,000. Turim 21 Investimentos Ltda. bought a new stake in PDD during the third quarter worth approximately $55,000. Finally, Wahed Invest LLC bought a new stake in PDD during the first quarter worth approximately $70,000. 29.07% of the stock is owned by institutional investors.
PDD Stock Performance
NASDAQ:PDD opened at $116.25 on Friday. PDD Holdings Inc. has a 12-month low of $59.67 and a 12-month high of $152.99. The company has a quick ratio of 1.83, a current ratio of 1.93 and a debt-to-equity ratio of 0.03. The firm has a market capitalization of $153.40 billion, a PE ratio of 20.29, a price-to-earnings-growth ratio of 0.30 and a beta of 0.67. The firm has a 50-day moving average price of $127.79 and a 200 day moving average price of $123.50.
Analyst Ratings Changes
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About PDD
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.
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