PDD Holdings Inc. Sponsored ADR (NASDAQ:PDD) Receives Average Rating of "Moderate Buy" from Brokerages

Key Points

• PDD Holdings Inc. has received an average consensus rating of "Moderate Buy" from fourteen brokerages, with seven analysts recommending a hold, six recommending a buy, and one a strong buy.
• Shares of PDD opened at $118.95 on Friday, with a 12-month price range of $87.11 to $155.67, and a market capitalization of $165.60 billion.
• For the last quarter, PDD reported $1.37 earnings per share, significantly missing estimates of $2.25, while revenue increased 10.2% year-over-year to $13.19 billion.

PDD Holdings Inc. Sponsored ADR (NASDAQ:PDD - Get Free Report) has earned a consensus recommendation of "Moderate Buy" from the fourteen brokerages that are presently covering the company, Marketbeat reports. Seven equities research analysts have rated the stock with a hold recommendation, six have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $144.5455.

PDD has been the subject of a number of analyst reports. Macquarie reiterated an "outperform" rating on shares of PDD in a research report on Tuesday, May 27th. China Renaissance reiterated a "hold" rating and issued a $107.00 price target on shares of PDD in a research report on Wednesday, May 28th. Deutsche Bank Aktiengesellschaft reiterated a "hold" rating and issued a $112.00 price target on shares of PDD in a research report on Wednesday, May 28th. Benchmark dropped their price target on shares of PDD from $160.00 to $128.00 and set a "buy" rating for the company in a research report on Wednesday, May 28th. Finally, Jefferies Financial Group set a $121.00 price target on shares of PDD and gave the company a "buy" rating in a research report on Tuesday, May 27th.

PDD Stock Up 3.7%

Shares of NASDAQ:PDD opened at $118.95 on Friday. PDD has a 12-month low of $87.11 and a 12-month high of $155.67. The stock has a market cap of $165.60 billion, a PE ratio of 12.80, a P/E/G ratio of 1.69 and a beta of 0.42. The business has a 50 day moving average of $108.47 and a 200-day moving average of $110.70.

PDD (NASDAQ:PDD - Get Free Report) last issued its quarterly earnings data on Tuesday, May 27th. The company reported $1.37 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $2.25 by ($0.88). PDD had a return on equity of 33.76% and a net margin of 24.63%. The firm had revenue of $13.19 billion for the quarter, compared to the consensus estimate of $103.37 billion. During the same quarter in the prior year, the firm earned $20.72 EPS. The company's revenue was up 10.2% on a year-over-year basis. Equities research analysts expect that PDD will post 10.24 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in PDD. Public Sector Pension Investment Board increased its holdings in shares of PDD by 38.0% during the second quarter. Public Sector Pension Investment Board now owns 445,830 shares of the company's stock worth $46,661,000 after buying an additional 122,878 shares in the last quarter. Keel Point LLC acquired a new position in shares of PDD during the second quarter worth $446,000. Vident Advisory LLC increased its holdings in shares of PDD by 6.9% during the second quarter. Vident Advisory LLC now owns 10,808 shares of the company's stock worth $1,131,000 after buying an additional 699 shares in the last quarter. Two Sigma Securities LLC acquired a new position in shares of PDD during the second quarter worth $804,000. Finally, Rafferty Asset Management LLC increased its holdings in shares of PDD by 16.1% during the second quarter. Rafferty Asset Management LLC now owns 116,378 shares of the company's stock worth $12,180,000 after buying an additional 16,106 shares in the last quarter. 39.83% of the stock is currently owned by institutional investors and hedge funds.

About PDD

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.