<div id="readability-page-1"><p>M&amp;T Bank Corp purchased a new position in  PDD Holdings Inc. Sponsored ADR (NASDAQ:PDD - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 18,960 shares of the company's stock, valued at approximately $2,150,000.</p><ul><li>MarketBeat Week in Review – 03/30 - 04/03</li></ul><p>A number of other large investors have also bought and sold shares of PDD. OVERSEA CHINESE BANKING Corp Ltd boosted its holdings in  PDD by 17.3% during the third quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 368,564 shares of the company's stock worth $48,694,000 after purchasing an additional 54,418 shares during the last quarter.  Campbell &amp; CO Investment Adviser LLC purchased a new position in  PDD during the third quarter worth about $2,790,000.  Exchange Traded Concepts LLC boosted its holdings in  PDD by 11.7% during the fourth quarter. Exchange Traded Concepts LLC now owns 242,722 shares of the company's stock worth $27,522,000 after purchasing an additional 25,369 shares during the last quarter.  Sumitomo Mitsui Trust Group Inc. boosted its holdings in  PDD by 4.5% during the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 1,719,535 shares of the company's stock worth $227,271,000 after purchasing an additional 74,225 shares during the last quarter.  Finally, Rakuten Investment Management Inc. purchased a new position in  PDD during the third quarter worth about $18,311,000. 39.83% of the stock is currently owned by institutional investors and hedge funds. </p><h2>Wall Street Analyst Weigh In</h2><p>PDD has been the topic of several analyst reports. Nomura upgraded shares of PDD from a &#34;neutral&#34; rating to a &#34;buy&#34; rating and set a $136.00 price target on the stock in a report on Friday, March 27th. Arete Research upgraded shares of PDD from a &#34;neutral&#34; rating to a &#34;buy&#34; rating and set a $121.00 price target on the stock in a report on Friday, April 17th. Citigroup  restated a &#34;neutral&#34; 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, Wall Street Zen cut shares of PDD from a &#34;buy&#34; rating to a &#34;hold&#34; rating in a report on Saturday, January 31st. Six equities research analysts have rated the stock with a Buy rating and nine have assigned  a Hold rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of &#34;Hold&#34; and an average target price of $139.67.</p><ul><li>Down 25%, Chinese Giant PDD Could Be a Strong Long-Term Value</li></ul><p><b>Read Our Latest Stock Analysis on PDD</b></p><h2>PDD Stock Performance</h2><p>Shares of PDD stock opened at $98.78 on Friday. The firm has a market cap of $137.52 billion, a price-to-earnings ratio of 10.51, a P/E/G ratio of 0.96 and a beta of 0.04. PDD Holdings Inc. Sponsored ADR has a 52 week low of $95.24 and a 52 week high of $139.41. The firm's 50-day simple moving average is $101.07 and its two-hundred day simple moving average is $110.73. </p><h2>PDD Company Profile</h2> (Free Report)<ul><li>The Head Fake: Buying the Chinese Stocks Post-Ruling Dip</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>Further Reading</h2><ul><li>Five stocks we like better than PDD</li></ul><p><strong>Want to see what other hedge funds are holding PDD?</strong> Visit HoldingsChannel.com to get the latest 13F filings and insider trades for PDD Holdings Inc. Sponsored ADR (NASDAQ:PDD - Free Report).</p><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>M&T Bank Corp has made a new investment of $2.15 million in PDD Holdings Inc. Sponsored ADR, acquiring 18,960 shares in the fourth quarter. This follows similar moves by other investors, with institutional ownership at 39.83%. Analysts have mixed ratings on PDD, with six giving it a Buy rating and nine a Hold rating. The stock opened at $98.78, with a market cap of $137.52 billion and a 52-week range of $95.24 to $139.41. PDD operates a mobile-first e-commerce platform in China, focusing on interactive shopping and value-oriented goods.</p>

- M&T Bank Corp acquired 18,960 shares of PDD Holdings Inc., valued at approximately $2,150,000, during the fourth quarter, as disclosed in its 13F filing with the SEC.  
- Other investors, including OVERSEA CHINESE BANKING Corp Ltd and Campbell & CO Investment Adviser LLC, also increased their positions in PDD, contributing to 39.83% ownership by institutional investors.  
- PDD currently holds a mixed analyst rating with an average target price of $139.67, reflecting a recent price of $98.78 and a market cap of $137.52 billion.

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M&T Bank

OCBC Bank

Sumitomo Mitsui Trust Holdings, Inc.

Rakuten Group, Inc.

Nomura

Nomura Holdings, Inc.

Citigroup

Morgan Stanley

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M&T Bank Corp Makes New $2.15 Million Investment in PDD Holdings Inc. Sponsored ADR $PDD