--- title: "China Universal Asset Management Co. Ltd. Buys 11,695 Shares of PDD Holdings Inc. Sponsored ADR $PDD" type: "News" locale: "en" url: "https://longbridge.com/en/news/283964263.md" description: "China Universal Asset Management Co. Ltd. increased its stake in PDD Holdings Inc. by 41.2% in Q4, acquiring an additional 11,695 shares, bringing its total to 40,052 shares valued at $4.54 million. Other institutional investors also adjusted their holdings, with significant increases from Assenagon Asset Management and SG Americas Securities. Analysts have mixed ratings on PDD, with a consensus rating of \"Hold\" and a target price of $139.67. PDD's stock opened at $97.77, with a market cap of $136.11 billion and a P/E ratio of 10.40." datetime: "2026-04-24T08:51:20.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/283964263.md) - [en](https://longbridge.com/en/news/283964263.md) - [zh-HK](https://longbridge.com/zh-HK/news/283964263.md) --- # China Universal Asset Management Co. Ltd. Buys 11,695 Shares of PDD Holdings Inc. Sponsored ADR $PDD China Universal Asset Management Co. Ltd. boosted its stake in shares of PDD Holdings Inc. Sponsored ADR (NASDAQ:PDD - Free Report) by 41.2% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 40,052 shares of the company's stock after buying an additional 11,695 shares during the quarter. China Universal Asset Management Co. Ltd.'s holdings in PDD were worth $4,541,000 as of its most recent SEC filing. - MarketBeat Week in Review – 03/30 - 04/03 A number of other institutional investors and hedge funds also recently added to or reduced their stakes in PDD. Assenagon Asset Management S.A. lifted its holdings in PDD by 305.8% during the 4th quarter. Assenagon Asset Management S.A. now owns 6,728,909 shares of the company's stock valued at $762,991,000 after buying an additional 5,070,827 shares in the last quarter. Himalaya Capital Management LLC bought a new stake in PDD during the 2nd quarter valued at about $482,273,000. Orbis Allan Gray Ltd lifted its holdings in PDD by 135.6% during the 2nd quarter. Orbis Allan Gray Ltd now owns 5,647,728 shares of the company's stock valued at $591,091,000 after buying an additional 3,250,416 shares in the last quarter. Aspex Management HK Ltd bought a new stake in PDD during the 3rd quarter valued at about $419,287,000. Finally, SG Americas Securities LLC lifted its holdings in PDD by 931.4% during the 4th quarter. SG Americas Securities LLC now owns 3,238,126 shares of the company's stock valued at $367,171,000 after buying an additional 2,924,176 shares in the last quarter. Institutional investors own 39.83% of the company's stock. ## Wall Street Analyst Weigh In A number of brokerages recently weighed in on PDD. Arete Research upgraded shares of PDD from a "neutral" rating to a "buy" rating and set a $121.00 price objective for the company in a report on Friday, April 17th. Nomura upgraded shares of PDD from a "neutral" rating to a "buy" rating and set a $136.00 price objective for the company in a report on Friday, March 27th. Citigroup reiterated a "neutral" rating on shares of PDD in a report on Wednesday, January 28th. Morgan Stanley set a $148.00 price target on shares of PDD in a report on Thursday, January 15th. Finally, Loop Capital set a $170.00 price target on shares of PDD in a report on Tuesday, January 6th. Six equities research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $139.67. - Down 25%, Chinese Giant PDD Could Be a Strong Long-Term Value **View Our Latest Analysis on PDD** ## PDD Stock Performance NASDAQ:PDD opened at $97.77 on Friday. PDD Holdings Inc. Sponsored ADR has a one year low of $95.24 and a one year high of $139.41. The firm has a market cap of $136.11 billion, a P/E ratio of 10.40, a P/E/G ratio of 0.94 and a beta of 0.07. The firm has a 50-day simple moving average of $101.73 and a 200-day simple moving average of $112.69. ## About PDD (Free Report) - The Head Fake: Buying the Chinese Stocks Post-Ruling Dip PDD NASDAQ: PDD 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. ## See Also - Five stocks we like better than PDD _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._ ## Should You Invest $1,000 in PDD Right Now? Before you consider PDD, you'll want to hear this. 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. While PDD currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys. 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