<div id="readability-page-1"><p>Dragoneer Investment Group LLC decreased its position in shares of  PDD Holdings Inc. Sponsored ADR (NASDAQ:PDD - Free Report) by 48.1% during the third quarter, according to its most recent filing with the SEC. The firm owned 1,835,428 shares of the company's stock after selling 1,700,180 shares during the period. PDD comprises about  5.4% of Dragoneer Investment Group LLC's holdings, making the stock its 9th largest holding. Dragoneer Investment Group LLC owned about 0.13% of PDD worth $242,589,000 at the end of the most recent reporting period.</p><ul><li>Go on a Shopping Spree With 3 Top Retail ETFs</li></ul><p>Other institutional investors and hedge funds also recently made changes to their positions in the company. Norges Bank bought a new stake in shares of  PDD during the second quarter valued at approximately $962,785,000.  UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in  PDD by 899.2% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 8,985,969 shares of the company's stock valued at $1,063,489,000 after buying an additional 8,086,620 shares during the period.  Himalaya Capital Management LLC bought a new stake in shares of  PDD during the 2nd quarter valued at $482,273,000.  NetEase Inc. purchased a new stake in shares of  PDD in the 2nd quarter worth about $372,117,000.  Finally, Orbis Allan Gray Ltd increased its stake in shares of  PDD by 135.6% in the 2nd quarter. Orbis Allan Gray Ltd now owns 5,647,728 shares of the company's stock worth $591,091,000 after acquiring an additional 3,250,416 shares in the last quarter. Hedge funds and other institutional investors own  39.83% of the company's stock. </p><h2>Wall Street Analysts Forecast Growth</h2><p>PDD has been the topic of several research reports. Wall Street Zen lowered shares of PDD from a &#34;buy&#34; rating to a &#34;hold&#34; rating in a research note on Saturday. Arete lowered shares of PDD from a &#34;buy&#34; rating to a &#34;neutral&#34; rating and set a $130.00 target price for the company. in a report on Tuesday, December 9th. Sanford C. Bernstein  set a $135.00 price target on PDD in a research report on Tuesday, November 18th. Weiss Ratings  reaffirmed a &#34;hold (c+)&#34; rating on shares of PDD in a research report on Wednesday, October 8th. Finally, Arete Research  set a $130.00 price objective on PDD in a research note on Tuesday, December 9th. Five analysts have rated the stock with a Buy rating and twelve have assigned  a Hold rating to the company's stock. According to data from MarketBeat.com, PDD currently has an average rating of &#34;Hold&#34; and an average price target of $136.43.</p><ul><li>These 3 Chinese Stocks Could Be a Ticking Time Bomb of Growth</li></ul><p><b>View Our Latest Report on PDD</b></p><h2>PDD Stock Up 2.1%</h2><p>Shares of PDD opened at $115.75 on Monday. PDD Holdings Inc. Sponsored ADR has a twelve month low of $87.11 and a twelve month high of $139.41. The company has a market capitalization of $161.14 billion, a P/E ratio of 12.08, a price-to-earnings-growth ratio of 1.08 and a beta of 0.02. The firm has a 50 day moving average of $120.93 and a 200 day moving average of $120.00. </p><h2>About PDD</h2> (Free Report)<ul><li>China Market Movers: MCHI, PDD, BIDU Show Bullish Trends</li></ul><p>PDD <span>NASDAQ: PDD<span></span></span> is the holding company best known for operating Pinduoduo, a China-based, mobile-first e-commerce platform that emphasizes interactive, social shopping and group-buying mechanics to drive user engagement and low prices. Founded in 2015 by entrepreneur Colin Huang, the business has grown by connecting consumers directly with merchants and manufacturers, with particular emphasis on value-oriented goods and fresh agricultural produce. The company is based in Shanghai and completed a U.S.</p><h2>Featured Stories</h2><ul><li>Five stocks we like better than PDD</li><li>Elon Taking SpaceX Public! $100 Pre-IPO Opportunity!</li><li>Do not delete, read immediately</li><li>The $100 Trillion AI Story No One Is Telling You</li><li>3 Overlooked Deductions to Help Potentially Minimize Capital Gains Tax</li><li>First Time Since 2007: All Warnings Active</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 reporting and unbiased coverage. 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 Hold rating among analysts, top-rated analysts believe these five stocks are better buys.</p><p>View The Five Stocks Here</p>                  </div>

<p>Dragoneer Investment Group LLC has reduced its stake in PDD Holdings Inc. by 48.1%, now holding 1,835,428 shares, making it the 9th largest position in their portfolio. Other institutional investors have also adjusted their holdings, with Norges Bank and UBS AM significantly increasing their stakes. PDD's stock has received mixed ratings from analysts, with an average rating of "Hold" and a price target of $136.43. Currently, PDD shares are trading at $115.75, with a market cap of $161.14 billion.</p>

- Dragoneer Investment Group LLC reduced its stake in PDD Holdings Inc. by 48.1%, owning 1,835,428 shares after selling 1,700,180 shares, making it 9th in their portfolio.  
- Other institutions like Norges Bank and UBS AM significantly increased their investments in PDD during recent quarters, with UBS now holding over $1 billion in shares.  
- PDD currently has an average rating of "Hold" from analysts, with a price target of $136.43, and its stock price opened at $115.75, reflecting a market cap of $161.14 billion.

PDD Holdings Inc. Sponsored ADR $PDD is Dragoneer Investment Group LLC's 9th Largest Position