--- title: "40,370 Shares in PDD Holdings Inc. Sponsored ADR $PDD Bought by State of New Jersey Common Pension Fund D" type: "News" locale: "en" url: "https://longbridge.com/en/news/285179232.md" description: "State of New Jersey Common Pension Fund D acquired 40,370 shares of PDD Holdings Inc. Sponsored ADR (NASDAQ:PDD) valued at approximately $4.58 million in Q4. Other institutional investors have also increased their stakes in PDD. Analysts have mixed ratings on the stock, with a consensus rating of \"Hold\" and a target price of $139.67. PDD operates a mobile-first e-commerce platform in China and has a market cap of $136.14 billion. The stock has seen a 25% decline recently, with a current price of $97.79." datetime: "2026-05-05T09:24:06.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/285179232.md) - [en](https://longbridge.com/en/news/285179232.md) - [zh-HK](https://longbridge.com/zh-HK/news/285179232.md) --- # 40,370 Shares in PDD Holdings Inc. Sponsored ADR $PDD Bought by State of New Jersey Common Pension Fund D State of New Jersey Common Pension Fund D purchased a new position in shares of PDD Holdings Inc. Sponsored ADR (NASDAQ:PDD - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 40,370 shares of the company's stock, valued at approximately $4,578,000. - MarketBeat Week in Review – 03/30 - 04/03 Other institutional investors have also recently added to or reduced their stakes in the company. GAMMA Investing LLC grew its stake in shares of PDD by 595.0% during the fourth quarter. GAMMA Investing LLC now owns 278 shares of the company's stock valued at $32,000 after acquiring an additional 238 shares in the last quarter. Binnacle Investments Inc grew its stake in shares of PDD by 281.7% during the third quarter. Binnacle Investments Inc now owns 271 shares of the company's stock valued at $36,000 after acquiring an additional 200 shares in the last quarter. Wexford Capital LP acquired a new stake in shares of PDD during the third quarter valued at about $44,000. Assetmark Inc. grew its stake in shares of PDD by 314.4% during the third quarter. Assetmark Inc. now owns 402 shares of the company's stock valued at $53,000 after acquiring an additional 305 shares in the last quarter. Finally, Larson Financial Group LLC grew its stake in shares of PDD by 720.4% during the third quarter. Larson Financial Group LLC now owns 402 shares of the company's stock valued at $53,000 after acquiring an additional 353 shares in the last quarter. 39.83% of the stock is owned by hedge funds and other institutional investors. ## Wall Street Analyst Weigh In PDD has been the subject of several recent analyst reports. Citigroup restated a "neutral" rating on shares of PDD in a research note on Wednesday, January 28th. Arete Research upgraded PDD from a "neutral" rating to a "buy" rating and set a $121.00 target price for the company in a research note on Friday, April 17th. Morgan Stanley set a $148.00 target price on PDD in a research note on Thursday, January 15th. Loop Capital set a $170.00 target price on PDD in a research note on Tuesday, January 6th. Finally, Wall Street Zen downgraded PDD from a "buy" rating to a "hold" rating in a research note on Saturday, January 31st. Six analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company. According to MarketBeat.com, PDD presently has an average rating of "Hold" and a consensus price target of $139.67. - Down 25%, Chinese Giant PDD Could Be a Strong Long-Term Value **Check Out Our Latest Analysis on PDD** ## PDD Stock Performance Shares of PDD stock opened at $97.79 on Tuesday. The company's 50-day simple moving average is $101.41 and its 200-day simple moving average is $111.31. PDD Holdings Inc. Sponsored ADR has a one year low of $95.24 and a one year high of $139.41. The stock has a market capitalization of $136.14 billion, a price-to-earnings ratio of 10.40, a PEG ratio of 0.93 and a beta of 0.04. ## 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. ## Featured Stories - 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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