Several institutional investors and hedge funds have recently adjusted their positions in PDD Holdings Inc. (NASDAQ:PDD). 3G Capital Partners LP increased its holdings by 13.3% during the 4th quarter, owning 425,000 shares worth $41,221,000, making PDD its second-largest holding at 11.8% of its portfolio. 683 Capital Management LLC also increased its holdings by 6.7% to 95,000 shares valued at $9,214,000.

Other firms like Nisa Investment Advisors LLC acquired a new stake valued at approximately $39,000, while Brooklyn Investment Group increased its position by 340.3%, now owning 524 shares valued at $51,000. Global Retirement Partners LLC raised its stake by 939.6%, owning 551 shares valued at $53,000. Farther Finance Advisors LLC lifted its position by 30.9%, owning 559 shares worth $54,000. EverSource Wealth Advisors LLC boosted its stake by 43.2%, owning 825 shares valued at $80,000. Maple Rock Capital Partners Inc. decreased its position by 17.5%, holding 454,000 shares valued at $44,033,000, representing 1.3% of its investment portfolio. Overall, institutional investors and hedge funds own 39.83% of PDD's stock.

PDD Holdings Inc. opened at $105.97 on Friday. The company has a debt-to-equity ratio of 0.02, a current ratio of 2.15, and a quick ratio of 2.15. Its 50-day simple moving average is $110.60, and its 200-day simple moving average is $110.29. The stock's 52-week low is $87.11, and its 52-week high is $164.69. The company has a market cap of $145.80 billion, a P/E ratio of 10.35, a P/E/G ratio of 0.32, and a beta of 0.73.

Several analysts have recently commented on PDD. JPMorgan Chase & Co. increased their price target from $105.00 to $125.00 with a "neutral" rating. Nomura Securities downgraded PDD from a "strong-buy" to a "hold" rating. Citigroup reiterated a "neutral" rating. Nomura reaffirmed a "neutral" rating with a price target of $130.00, down from $137.00. Benchmark restated a "buy" rating and issued a $160.00 price objective. Jefferies Financial Group cut their price target from $171.00 to $156.00 but maintained a "buy" rating. The consensus rating for PDD is "Moderate Buy," with an average price target of $169.91.

PDD Holdings Inc. operates Pinduoduo, an e-commerce platform offering various products, including agricultural produce, apparel, and electronics. It also operates Temu, an online marketplace.