Assenagon Asset Management S.A. Decreases Stake in PDD Holdings Inc. Sponsored ADR $PDD
Assenagon Asset Management S.A. significantly reduced its stake in PDD Holdings Inc. by 77.6% during the third quarter, selling over 5.7 million shares and retaining approximately 1.66 million shares valued at $219.15 million. Despite institutional investors and hedge funds owning 39.83% of the company, Wall Street analysts maintain a mixed sentiment with a consensus "Hold" rating and an average target price of $136.43. PDD Holdings Inc. operates major e-commerce platforms like Pinduoduo and Temu.
https://www.marketbeat.com/instant-alerts/filing-assenagon-asset-management-sa-decreases-stake-in-pdd-holdings-inc-sponsored-adr-pdd-2025-12-17/