Baillie Gifford Reduces $219M in PDD Holdings Inc. ($PDD)
Key Points
- Baillie Gifford changed its PDD Holdings Inc. ($PDD) stake by 8.6% last quarter, cutting to 28,353,099 shares worth $2.31 billion.
- Wall Street's consensus rating on $PDD is Buy and an average price target of $120.18.
- $PDD last traded around $81.56.
Baillie Gifford trimmed its position in PDD Holdings Inc. ($PDD) by 8.6% during the most recent quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 28,353,099 shares of PDD Holdings Inc. after selling 2,679,224 shares during the quarter. Baillie Gifford's holdings in PDD Holdings Inc. were worth $2.31 billion as of its most recent filing.
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About PDD Holdings Inc.
PDD Holdings Inc., a multinational commerce group that owns and operates a portfolio of businesses. The company operates Pinduoduo platform, which provides various product categories and interactive shopping experiences; and Temu, an online platform, which enables merchants to streamline their manufacturing and commercial operations. The company was formerly known as Pinduoduo Inc. and changed its name to PDD Holdings Inc. in February 2023. PDD Holdings Inc. was incorporated in 2015 and is based in Dublin, Ireland.
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