PDD (NASDAQ:PDD) PT Raised to $272.00 at UBS Group

PDD (NASDAQ:PDD - Free Report) had its target price boosted by UBS Group from $248.00 to $272.00 in a report published on Wednesday morning, Benzinga reports. They currently have a buy rating on the stock.

A number of other brokerages also recently weighed in on PDD. Barclays boosted their target price on shares of PDD from $164.00 to $178.00 and gave the stock an overweight rating in a research note on Thursday, March 21st. JPMorgan Chase & Co. dropped their price target on shares of PDD from $195.00 to $190.00 and set an overweight rating for the company in a research note on Thursday, March 21st. The Goldman Sachs Group downgraded shares of PDD from a buy rating to a neutral rating and set a $136.00 price target for the company. in a research note on Monday, March 11th. Benchmark boosted their price target on shares of PDD from $215.00 to $220.00 and gave the stock a buy rating in a research note on Thursday, March 21st. Finally, Jefferies Financial Group boosted their price target on shares of PDD from $157.00 to $161.00 and gave the stock a buy rating in a research note on Thursday, March 21st. One analyst has rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of Moderate Buy and a consensus price target of $157.23.

PDD Price Performance

NASDAQ:PDD traded up $1.64 on Wednesday, reaching $147.09. The stock had a trading volume of 29,532,828 shares, compared to its average volume of 8,761,060. The company has a market capitalization of $202.38 billion, a P/E ratio of 25.67, a price-to-earnings-growth ratio of 0.38 and a beta of 0.67. PDD has a 1-year low of $59.98 and a 1-year high of $156.50. The company has a quick ratio of 1.93, a current ratio of 1.93 and a debt-to-equity ratio of 0.03. The stock has a fifty day moving average price of $126.55 and a 200-day moving average price of $130.71.

PDD (NASDAQ:PDD - Get Free Report) last released its quarterly earnings results on Wednesday, March 20th. The company reported $2.23 EPS for the quarter, beating analysts' consensus estimates of $1.42 by $0.81. PDD had a net margin of 24.23% and a return on equity of 39.10%. The firm had revenue of $12.52 billion for the quarter, compared to analyst estimates of $11.80 billion. Research analysts forecast that PDD will post 7.85 EPS for the current year.

Institutional Investors Weigh In On PDD

Several large investors have recently made changes to their positions in PDD. SRS Capital Advisors Inc. grew its position in PDD by 294.4% in the third quarter. SRS Capital Advisors Inc. now owns 280 shares of the company's stock valued at $27,000 after purchasing an additional 209 shares in the last quarter. Future Financial Wealth Managment LLC bought a new position in PDD in the first quarter valued at $29,000. Turim 21 Investimentos Ltda. bought a new position in PDD in the third quarter valued at $55,000. Gordian Capital Singapore Pte Ltd bought a new position in PDD in the fourth quarter valued at $59,000. Finally, EverSource Wealth Advisors LLC grew its position in PDD by 31.0% in the fourth quarter. EverSource Wealth Advisors LLC now owns 427 shares of the company's stock valued at $62,000 after purchasing an additional 101 shares in the last quarter. Institutional investors own 29.07% of the company's stock.

PDD Company Profile

PDD Holdings Inc, a multinational commerce group, owns and operates a portfolio of businesses. It operates Pinduoduo, an e-commerce platform that offers products in various categories, including agricultural produce, apparel, shoes, bags, mother and childcare products, food and beverage, electronic appliances, furniture and household goods, cosmetics and other personal care, sports and fitness items and auto accessories; and Temu, an online marketplace.