NASDAQ:PDDPinduoduo Stock Price, Forecast & News

Pinduoduo's stock was trading at $35.06 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization (WHO). Since then, PDD shares have increased by 161.8% and is now trading at $91.80.
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16 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Pinduoduo in the last year. There are currently 1 sell rating, 9 hold ratings and 6 buy ratings for the stock, resulting in a consensus recommendation of "Hold."
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Pinduoduo is scheduled to release its next quarterly earnings announcement on Wednesday, August 19th 2020.
View our earnings forecast for Pinduoduo.

Pinduoduo Inc (NASDAQ:PDD) announced its earnings results on Friday, May, 22nd. The company reported ($2.73) earnings per share for the quarter, missing the Thomson Reuters' consensus estimate of ($0.34) by $2.39. The business had revenue of $6.54 billion for the quarter, compared to analysts' expectations of $5.21 billion. Pinduoduo had a negative net margin of 28.48% and a negative return on equity of 37.60%. The company's quarterly revenue was up 43.9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned ($0.20) EPS.
View Pinduoduo's earnings history.

16 Wall Street analysts have issued twelve-month price objectives for Pinduoduo's shares. Their forecasts range from $33.00 to $116.00. On average, they anticipate Pinduoduo's share price to reach $68.41 in the next year. This suggests that the stock has a possible downside of 25.5%.
View analysts' price targets for Pinduoduo.

Press coverage about PDD stock has been trending negative on Monday, according to InfoTrie Sentiment. InfoTrie identifies negative and positive press coverage by monitoring more than six thousand news and blog sources in real time. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores closest to five being the most favorable. Pinduoduo earned a news sentiment score of -2.2 on InfoTrie's scale. They also gave media coverage about the company a news buzz of 0.0 out of 10, indicating that recent press coverage is extremely unlikely to have an effect on the stock's share price in the next several days.
View the latest news about Pinduoduo.

Some companies that are related to Pinduoduo include Visa (V), Mastercard (MA), Paypal (PYPL), Accenture (ACN), Fidelity National Information Servcs (FIS), NetEase (NTES), Mercadolibre (MELI), Global Payments (GPN), eBay (EBAY), CoStar Group (CSGP), Msci (MSCI), FleetCor Technologies (FLT), Akamai Technologies (AKAM), Broadridge Financial Solutions (BR) and Trip.com Group (TCOM).
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Based on aggregate information from My MarketBeat watchlists, some companies that other Pinduoduo investors own include Alibaba Group (BABA), JD.Com (JD), NVIDIA (NVDA), Advanced Micro Devices (AMD), Micron Technology (MU), Netflix (NFLX), Tesla (TSLA), Square (SQ), IQIYI (IQ) and Baidu (BIDU).

(PDD) raised $1.5 billion in an initial public offering (IPO) on Thursday, July 26th 2018. The company issued 85,600,000 shares at $16.00-$19.00 per share. Credit Suisse, Goldman Sachs (Asia) and CICC served as the underwriters for the IPO and China Renaissance was co-manager.

Pinduoduo trades on the NASDAQ under the ticker symbol "PDD."

Pinduoduo's stock is owned by a number of retail and institutional investors. Top institutional investors include Sumitomo Mitsui Trust Holdings Inc. (0.20%), TB Alternative Assets Ltd. (0.05%), Assenagon Asset Management S.A. (0.05%), Candriam Luxembourg S.C.A. (0.04%), First Trust Advisors LP (0.01%) and LA Financiere DE L Echiquier (0.01%).

PDD stock was sold by a variety of institutional investors in the last quarter, including Sumitomo Mitsui Trust Holdings Inc., Assenagon Asset Management S.A., First Trust Advisors LP, Elephas Investment Management Ltd, Altfest L J & Co. Inc., and Creative Planning.

PDD stock was purchased by a variety of institutional investors in the last quarter, including TB Alternative Assets Ltd., Candriam Luxembourg S.C.A., Vident Investment Advisory LLC, Vident Investment Advisory LLC, NN Investment Partners Holdings N.V., Gulf International Bank UK Ltd, EFG Asset Management Americas Corp., and Zurcher Kantonalbank Zurich Cantonalbank.

Shares of PDD can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

One share of PDD stock can currently be purchased for approximately $91.80.

Pinduoduo has a market capitalization of $102.26 billion and generates $4.33 billion in revenue each year. The company earns $-1,000,830,000.00 in net income (profit) each year or ($0.88) on an earnings per share basis. Pinduoduo employs 5,828 workers across the globe.

The official website for Pinduoduo is www.pinduoduo.com.

Pinduoduo's mailing address is 28/F NO. 533 LOUSHANGUAN ROAD CHANGNING DISTRICT, SHANGHAI F4, 200051. The company can be reached via phone at 86-21-5266-1300 or via email at [email protected]