PDD (PDD) to Release Quarterly Earnings on Tuesday

PDD (NASDAQ:PDD - Get Free Report) is projected to announce its Q1 2025 earnings results before the market opens on Tuesday, May 27th. Analysts expect the company to announce earnings of $2.49 per share and revenue of $103.37 billion for the quarter.

PDD Price Performance

PDD traded down $0.56 on Monday, hitting $119.24. 7,581,673 shares of the company's stock traded hands, compared to its average volume of 10,888,528. PDD has a one year low of $87.11 and a one year high of $160.00. The company has a current ratio of 2.15, a quick ratio of 2.15 and a debt-to-equity ratio of 0.02. The firm has a market cap of $166.00 billion, a price-to-earnings ratio of 11.64, a P/E/G ratio of 0.32 and a beta of 0.57. The company's 50 day simple moving average is $109.22 and its 200-day simple moving average is $109.16.

Hedge Funds Weigh In On PDD

A hedge fund recently raised its stake in PDD stock. Intech Investment Management LLC raised its position in shares of PDD Holdings Inc. (NASDAQ:PDD - Free Report) by 2.7% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 14,890 shares of the company's stock after acquiring an additional 395 shares during the period. Intech Investment Management LLC's holdings in PDD were worth $1,762,000 as of its most recent filing with the Securities & Exchange Commission. 39.83% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms have recently commented on PDD. Citigroup raised shares of PDD from a "neutral" rating to a "buy" rating and boosted their target price for the stock from $127.00 to $165.00 in a report on Monday, May 12th. Nomura reiterated a "neutral" rating and issued a $130.00 price target (down previously from $137.00) on shares of PDD in a research note on Thursday, March 20th. Jefferies Financial Group cut their price objective on PDD from $171.00 to $156.00 and set a "buy" rating for the company in a research report on Thursday, March 20th. Benchmark reiterated a "buy" rating and issued a $160.00 target price on shares of PDD in a research report on Friday, March 21st. Finally, JPMorgan Chase & Co. increased their price target on PDD from $105.00 to $125.00 and gave the company a "neutral" rating in a research note on Friday, March 21st. Four equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, PDD currently has a consensus rating of "Moderate Buy" and an average price target of $162.00.

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.