Tiger Global Management Reduces $337M in PDD Holdings Inc. ($PDD)
Key Points
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Tiger Global Management reduced its position in PDD Holdings Inc. ($PDD), according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 0 shares of PDD Holdings Inc. after selling 4,415,681 shares during the quarter.
PDD Holdings Inc. Stock Down 11.0%
Shares of PDD Holdings Inc. ($PDD) traded around $76.28 on Saturday, down 11.0% for the day.
PDD Holdings Inc. Earnings
Analysts Set New Price Targets
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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