NASDAQ:PDD - Pinduoduo Stock Price, Forecast & News

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

Pinduoduo Inc (NASDAQ:PDD) announced its earnings results on Wednesday, November, 20th. The company reported ($1.44) earnings per share for the quarter, missing the consensus estimate of ($0.11) by $1.33. The company earned $7.51 billion during the quarter, compared to analysts' expectations of $7.58 billion. Pinduoduo had a negative net margin of 30.59% and a negative return on equity of 32.14%. The company's revenue for the quarter was up 122.8% compared to the same quarter last year. During the same quarter last year, the business posted ($0.68) earnings per share. View Pinduoduo's Earnings History.

Pinduoduo is scheduled to release their next quarterly earnings announcement on Wednesday, March 11th 2020. View Earnings Estimates for Pinduoduo.

13 brokers have issued twelve-month price objectives for Pinduoduo's shares. Their forecasts range from $20.48 to $62.00. On average, they anticipate Pinduoduo's stock price to reach $37.08 in the next twelve months. This suggests a possible upside of 7.3% from the stock's current price. View Analyst Price Targets for Pinduoduo.

13 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Pinduoduo in the last year. There are currently 2 sell ratings, 2 hold ratings and 9 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Pinduoduo.

Media stories about PDD stock have been trending very negative on Monday, InfoTrie Sentiment reports. The research group ranks the sentiment of press coverage by monitoring more than six thousand news and blog sources in real time. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Pinduoduo earned a daily sentiment score of -3.0 on InfoTrie's scale. They also assigned media headlines about the company a news buzz of 0.0 out of 10, indicating that recent press coverage is extremely unlikely to have an impact on the stock's share price in the next several days. View News Stories for Pinduoduo.

Some companies that are related to Pinduoduo include Paypal (PYPL), Accenture (ACN), Fidelity National Information Servcs (FIS), Global Payments (GPN), NetEase (NTES), Worldpay (WP), Mercadolibre (MELI), eBay (EBAY), FleetCor Technologies (FLT), CoStar Group (CSGP), Msci (MSCI), Total System Services (TSS), Trip.com Group (TCOM), Ctrip.Com International (CTRP) and Akamai Technologies (AKAM).

Based on aggregate information from My MarketBeat watchlists, some companies that other Pinduoduo investors own include Alibaba Group (BABA), NVIDIA (NVDA), Verizon Communications (VZ), Netflix (NFLX), Micron Technology (MU), JD.Com (JD), Tesla (TSLA), Paypal (PYPL), Advanced Micro Devices (AMD) and AT&T (T).

(PDD) raised $1.5 billion in an initial public offering 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 acted as the underwriters for the IPO and China Renaissance was co-manager.

Pinduoduo's stock is owned by a variety of of retail and institutional investors. Top institutional shareholders include IDG China Venture Capital Fund IV Associates L.P. (3.48%), Baillie Gifford & Co. (1.52%), Renaissance Technologies LLC (0.63%), State Street Corp (0.36%), Sumitomo Mitsui Trust Holdings Inc. (0.24%) and Sylebra Capital Ltd (0.21%).

PDD stock was sold by a variety of institutional investors in the last quarter, including Sylebra Capital Ltd, Sumitomo Mitsui Trust Holdings Inc., Nikko Asset Management Americas Inc., Krane Funds Advisors LLC, Goldman Sachs Group Inc., Greenwoods Asset Management Ltd, Penserra Capital Management LLC and Swiss National Bank.

PDD stock was acquired by a variety of institutional investors in the last quarter, including IDG China Venture Capital Fund IV Associates L.P., Tairen Capital Ltd, Renaissance Technologies LLC, Bank of America Corp DE, Baillie Gifford & Co., H&H International Investment LLC, WT Asset Management Ltd and Janus Henderson Group PLC.

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 $34.57.

Pinduoduo has a market capitalization of $38.51 billion and generates $1.91 billion in revenue each year. The company earns $-1,486,020,000.00 in net income (profit) each year or ($2.00) on an earnings per share basis. Pinduoduo employs 3,683 workers across the globe.View Additional Information About Pinduoduo.

The official website for Pinduoduo is http://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]