Quantinno Capital Management LP increased its stake in shares of PDD Holdings Inc. (NASDAQ:PDD – Free Report) by 381.3% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 30,411 shares of the company’s stock after purchasing an additional 24,092 shares during the quarter. Quantinno Capital Management LP’s holdings in PDD were worth $4,100,000 at the end of the most recent reporting period.
A number of other institutional investors have also added to or reduced their stakes in PDD. Prospera Private Wealth LLC acquired a new position in PDD during the 3rd quarter worth approximately $27,000. Venturi Wealth Management LLC acquired a new position in PDD in the 3rd quarter valued at approximately $29,000. Ashton Thomas Private Wealth LLC acquired a new position in PDD in the 2nd quarter valued at approximately $32,000. Richardson Financial Services Inc. increased its position in PDD by 3,883.3% in the 2nd quarter. Richardson Financial Services Inc. now owns 239 shares of the company’s stock valued at $32,000 after acquiring an additional 233 shares during the period. Finally, Future Financial Wealth Managment LLC acquired a new position in PDD in the 3rd quarter valued at approximately $34,000. 29.07% of the stock is currently owned by institutional investors and hedge funds.
PDD Trading Up 0.9 %
NASDAQ:PDD opened at $99.89 on Monday. The company has a current ratio of 2.15, a quick ratio of 2.15 and a debt-to-equity ratio of 0.02. The stock has a market capitalization of $137.44 billion, a price-to-earnings ratio of 9.75, a PEG ratio of 0.28 and a beta of 0.66. The firm has a fifty day simple moving average of $121.25 and a two-hundred day simple moving average of $126.60. PDD Holdings Inc. has a 12 month low of $88.01 and a 12 month high of $164.69.
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PDD 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.
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