On April 4, 2023 at 10:38:19 ET an unusually large
$1,024.38K block of Call contracts in Pinduoduo Inc – ADR
(PDD) was sold,
with a strike price of $100.00 / share, expiring in 290 days (on January 19, 2024).
Fintel tracks all large options trades, and the premium spent on this trade was 1.05 sigmas above the mean, placing it in the 85.19 percentile of all recent large trades made in PDD options.
This trade was first picked up on Fintel’s real time Unusual Option Trades
tool, where unusual option trades are highlighted.
Analyst Price Forecast Suggests 45.50% Upside
As of March 30, 2023,
the average one-year price target for Pinduoduo Inc – ADR is $108.89.
The forecasts range from a low of $60.60 to a high of $141.75.
The average price target represents an increase of 45.50% from its latest reported closing price of $74.84.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Pinduoduo Inc – ADR
is $164,407MM, an increase of 25.93%.
The projected annual non-GAAP EPS
is $29.94.
What is the Fund Sentiment?
There are 831 funds or institutions reporting positions in Pinduoduo Inc – ADR.
This is an increase
of
98
owner(s) or 13.37% in the last quarter.
Average portfolio weight of all funds dedicated to PDD is 1.52%,
an increase
of 10.27%.
Total shares owned by institutions increased
in the last three months by 7.43% to 348,366K shares.
The put/call ratio of PDD is 1.06, indicating a
bearish
outlook.
What are Large Shareholders Doing?
Baillie Gifford &
holds 28,626K shares
representing 2.26% ownership of the company.
In it’s prior filing, the firm reported owning 28,211K shares, representing
an increase
of 1.45%.
The firm
increased
its portfolio allocation in PDD by 33.65% over the last quarter.
IDG China Venture Capital Fund IV Associates
holds 8,324K shares
representing 0.66% ownership of the company.
No change in the last quarter.
Goldman Sachs Group
holds 8,202K shares
representing 0.65% ownership of the company.
In it’s prior filing, the firm reported owning 5,875K shares, representing
an increase
of 28.37%.
The firm
increased
its portfolio allocation in PDD by 76.14% over the last quarter.
Ubs Asset Management Americas
holds 6,596K shares
representing 0.52% ownership of the company.
In it’s prior filing, the firm reported owning 5,518K shares, representing
an increase
of 16.35%.
The firm
increased
its portfolio allocation in PDD by 45.60% over the last quarter.
Invesco Qqq Trust, Series 1
holds 6,244K shares
representing 0.49% ownership of the company.
In it’s prior filing, the firm reported owning 6,873K shares, representing
a decrease
of 10.07%.
The firm
increased
its portfolio allocation in PDD by 20.34% over the last quarter.
Pinduoduo Background Information
(This description is provided by the company.)
Pinduoduo provides an online marketplace that connects millions of agricultural producers with consumers across China. Pinduoduo aims to bring more businesses and people into the digital economy so that local communities can benefit from the increased productivity and convenience through new market opportunities.
This story originally appeared on Fintel.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
