Atomi Financial Group Inc. Purchases 387 Shares of PDD Holdings Inc. (NASDAQ:PDD)

Atomi Financial Group Inc. raised its stake in PDD Holdings Inc. (NASDAQ:PDD) by 6.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 6,778 shares of the company’s stock after buying an additional 387 shares during the period. Atomi Financial Group Inc.’s holdings in PDD were worth $657,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Prospera Private Wealth LLC bought a new stake in shares of PDD in the 3rd quarter valued at about $27,000. Venturi Wealth Management LLC bought a new stake in shares of PDD in the 3rd quarter valued at about $29,000. Future Financial Wealth Managment LLC bought a new stake in shares of PDD in the 3rd quarter valued at about $34,000. Brooklyn Investment Group grew its position in shares of PDD by 340.3% in the 4th quarter. Brooklyn Investment Group now owns 524 shares of the company’s stock valued at $51,000 after buying an additional 405 shares during the last quarter. Finally, Carolina Wealth Advisors LLC bought a new stake in shares of PDD in the 3rd quarter valued at about $66,000. Institutional investors own 39.83% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the company. Macquarie upgraded PDD from a “neutral” rating to an “outperform” rating and upped their price target for the company from $126.00 to $224.00 in a research report on Monday, October 7th. Jefferies Financial Group dropped their price objective on PDD from $181.00 to $171.00 and set a “buy” rating on the stock in a research note on Thursday, November 21st. Benchmark dropped their price objective on PDD from $185.00 to $160.00 and set a “buy” rating on the stock in a research note on Friday, November 22nd. JPMorgan Chase & Co. downgraded PDD from an “overweight” rating to a “neutral” rating and dropped their price objective for the company from $170.00 to $105.00 in a research note on Friday, November 22nd. Finally, Dbs Bank downgraded PDD from a “strong-buy” rating to a “hold” rating in a research note on Friday, November 22nd. Three investment analysts have rated the stock with a hold rating, eight have issued a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, PDD has an average rating of “Moderate Buy” and an average price target of $173.40.

PDD Stock Performance

Shares of PDD stock opened at $104.01 on Friday. The company has a market cap of $143.10 billion, a PE ratio of 10.16, a price-to-earnings-growth ratio of 0.27 and a beta of 0.66. PDD Holdings Inc. has a 52 week low of $88.01 and a 52 week high of $164.69. The business has a 50 day moving average price of $101.74 and a 200-day moving average price of $116.53. The company has a quick ratio of 2.15, a current ratio of 2.15 and a debt-to-equity ratio of 0.02.

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.