<div id="readability-page-1"><p>TD Asset Management Inc trimmed its holdings in  PDD Holdings Inc. Sponsored ADR (NASDAQ:PDD - Free Report) by 6.7% in the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 113,612 shares of the company's stock after selling 8,216 shares during the period. TD Asset Management Inc's holdings in PDD were worth $13,446,000 at the end of the most recent quarter.</p><ul><li>China Market Movers: MCHI, PDD, BIDU Show Bullish Trends</li></ul><p>Several other hedge funds also recently added to or reduced their stakes in PDD. Hollencrest Capital Management acquired a new stake in shares of  PDD in the first quarter valued at $26,000.  IFP Advisors Inc raised its stake in shares of  PDD by 245.8% in the first quarter. IFP Advisors Inc now owns 408 shares of the company's stock valued at $48,000 after acquiring an additional 290 shares in the last quarter.  Siemens Fonds Invest GmbH acquired a new stake in shares of  PDD in the fourth quarter valued at $192,000.  OneDigital Investment Advisors LLC acquired a new stake in shares of  PDD in the first quarter valued at $204,000.  Finally, Gunderson Capital Management Inc. acquired a new stake in shares of  PDD in the first quarter valued at $218,000. 39.83% of the stock is currently owned by hedge funds and other institutional investors. </p><h2>Analyst Ratings Changes</h2><p>Several analysts have recently issued reports on the company. Barclays cut PDD from a &#34;strong-buy&#34; rating to a &#34;hold&#34; rating in a research note on Sunday, June 1st. Citigroup upgraded PDD from a &#34;neutral&#34; rating to a &#34;buy&#34; rating and increased their price objective for the company from $127.00 to $165.00 in a research note on Monday, May 12th. Jefferies Financial Group  set a $121.00 price objective on PDD and gave the company a &#34;buy&#34; rating in a research note on Tuesday, May 27th. JPMorgan Chase &amp; Co. reduced their price objective on PDD from $125.00 to $105.00 and set a &#34;neutral&#34; rating on the stock in a research note on Wednesday, May 28th. Finally, China Renaissance  restated a &#34;hold&#34; rating and issued a $107.00 price target on shares of PDD in a research note on Wednesday, May 28th. Seven analysts have rated the stock with a hold rating, six have assigned  a buy rating and one  has assigned  a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of &#34;Moderate Buy&#34; and an average target price of $144.55.</p><ul><li>Is Michael Burry Right Betting Against the Market Again?</li></ul><p><b>Check Out Our Latest Stock Analysis on PDD</b></p><h2>PDD Stock Performance</h2><p>Shares of PDD stock opened at $112.92 on Thursday. The stock's 50-day moving average is $106.03 and its two-hundred day moving average is $109.89. The firm has a market cap of $157.20 billion, a price-to-earnings ratio of 12.16, a PEG ratio of 1.62 and a beta of 0.42. PDD Holdings Inc. Sponsored ADR has a 1 year low of $87.11 and a 1 year high of $155.67. </p><ul><li>Time to Buy Alibaba and PDD After Tariff Exemptions?</li></ul><p>PDD (NASDAQ:PDD - Get Free Report) last issued its quarterly earnings data on Tuesday, May 27th. The company reported $1.37 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.25 by ($0.88). PDD had a return on equity of 33.76% and a net margin of 24.63%. The firm had revenue of $13.19 billion for the quarter, compared to analysts' expectations of $103.37 billion. During the same period in the previous year, the business posted $20.72 EPS. The business's revenue for the quarter was up 10.2% compared to the same quarter last year.  As a group, research analysts predict that  PDD Holdings Inc. Sponsored ADR will post 10.24 EPS for the current year. </p><h2>PDD Company Profile</h2> (Free Report)<p>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.</p><h2>Recommended Stories</h2><ul><li>Five stocks we like better than PDD</li><li>Insider Selling Explained: Can it Inform Your Investing Choices?</li><li>This Drone Stock Is on Sale Despite Big Army Contract</li><li>What is a Bond Market Holiday? How to Invest and Trade</li><li>5 Stocks to Buy in August With Tremendous Upside Potential</li><li>How to start investing in penny stocks</li><li>Visa Beats Q3 Earnings Expectations, So Why Did the Market Panic?</li></ul><p><img src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/SECFilingChart.ashx/query-UHJlZml4PU5BU0RBUSZTeW1ib2w9UERE?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="650" height="350" original-src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/SECFilingChart.ashx/query-UHJlZml4PU5BU0RBUSZTeW1ib2w9UERE"/></p><p><em>This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.</em></p><h2>Should You Invest $1,000 in PDD Right Now?</h2><p>Before you consider PDD, you'll want to hear this.</p><p>MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and PDD wasn't on the list.</p><p>While PDD currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.</p><p>View The Five Stocks Here</p>                  </div>

<p>TD Asset Management Inc reduced its holdings in PDD Holdings Inc. by 6.7% in Q1, now owning 113,612 shares after selling 8,216 shares. The value of these holdings is approximately $13.45 million. Other hedge funds have also adjusted their stakes in PDD. Analyst ratings show mixed opinions, with Barclays downgrading the stock to 'hold' while Citigroup upgraded it to 'buy'. PDD's stock opened at $112.92, with a market cap of $157.20 billion and a recent EPS of $1.37, missing estimates.</p>

- TD Asset Management Inc reduced its holdings in PDD Holdings Inc by 6.7% in Q1, owning 113,612 shares valued at $13,446,000.  
- Several hedge funds adjusted their stakes in PDD, with IFP Advisors Inc increasing its stake by 245.8% to 408 shares valued at $48,000.  
- PDD's stock has a current average rating of "Moderate Buy" with a target price of $144.55, despite missing EPS estimates in its latest quarterly earnings report.

TD Asset Management Inc Lowers Holdings in PDD Holdings Inc. Sponsored ADR (NASDAQ:PDD)