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NASDAQ:PDD

Pinduoduo Stock Forecast, Price & News

$75.29
-1.35 (-1.76 %)
(As of 09/24/2020 12:00 AM ET)
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Today's Range
$72.15
Now: $75.29
$76.92
50-Day Range
$76.64
MA: $86.14
$97.46
52-Week Range
$30.02
Now: $75.29
$98.96
Volume13.31 million shs
Average Volume8.46 million shs
Market Capitalization$83.87 billion
P/E RatioN/A
Dividend YieldN/A
Beta1.18
Pinduoduo Inc. operates an e-commerce platform in the People's Republic of China. It also operates Pinduoduo, a mobile platform that offers a range of priced merchandise. The company was formerly known as Walnut Street Group Holding Limited and changed its name to Pinduoduo Inc. in July 2018. Pinduoduo Inc. was founded in 2015 and is based in Shanghai, the People's Republic of China.
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Beat the Market (BTM) Rank

Analyst Opinion: 2.2Community Rank: 2.2Dividend Strength: 0.0Insider Behavior: 0.0Valuation: 0.6 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

1.00 out of 5 stars


Industry, Sector and Symbol

Industry Business services, not elsewhere classified
Sub-IndustryN/A
Current SymbolNASDAQ:PDD
CUSIPN/A
CIKN/A
Phone86-21-5266-1300

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$4.33 billion
Book Value$3.18 per share

Profitability

Net Income$-1,000,830,000.00

Miscellaneous

Employees5,828
Outstanding Shares1,113,920,000
Market Cap$83.87 billion
Next Earnings Date11/18/2020 (Estimated)
OptionableOptionable
$75.29
-1.35 (-1.76 %)
(As of 09/24/2020 12:00 AM ET)
30 days | 90 days | 365 days | Advanced Chart

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Pinduoduo (NASDAQ:PDD) Frequently Asked Questions

How has Pinduoduo's stock been impacted by Coronavirus (COVID-19)?

Pinduoduo's stock was trading at $35.06 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization. Since then, PDD stock has increased by 114.7% and is now trading at $75.29.
View which stocks have been most impacted by COVID-19
.

Do Wall Street analysts recommend investors buy shares of Pinduoduo?

17 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Pinduoduo in the last year. There are currently 11 hold ratings and 6 buy ratings for the stock, resulting in a consensus recommendation of "Hold."
View analyst ratings for Pinduoduo
.

When is Pinduoduo's next earnings date?

Pinduoduo is scheduled to release its next quarterly earnings announcement on Wednesday, November 18th 2020.
View our earnings forecast for Pinduoduo
.

How were Pinduoduo's earnings last quarter?

Pinduoduo Inc (NASDAQ:PDD) announced its quarterly earnings results on Friday, August, 21st. The company reported ($0.06) EPS for the quarter, topping the Zacks' consensus estimate of ($0.18) by $0.12. The firm earned $12.19 billion during the quarter, compared to analysts' expectations of $12.08 billion. Pinduoduo had a negative net margin of 24.51% and a negative return on equity of 35.73%. The firm's quarterly revenue was up 67.3% compared to the same quarter last year. During the same period in the previous year, the business earned ($0.04) EPS.
View Pinduoduo's earnings history
.

What price target have analysts set for PDD?

17 analysts have issued 1-year target prices for Pinduoduo's stock. Their forecasts range from $33.00 to $116.00. On average, they expect Pinduoduo's stock price to reach $73.18 in the next year. This suggests that the stock has a possible downside of 2.8%.
View analysts' price targets for Pinduoduo
.

Who are some of Pinduoduo's key competitors?

What other stocks do shareholders of Pinduoduo own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Pinduoduo investors own include Alibaba Group (BABA), NVIDIA (NVDA), JD.Com (JD), Netflix (NFLX), Advanced Micro Devices (AMD), Micron Technology (MU), Tesla (TSLA), Square (SQ), salesforce.com (CRM) and Shopify (SHOP).

Who are Pinduoduo's key executives?

Pinduoduo's management team includes the following people:
  • Mr. Huang Zheng, Chairman & CEO (Age 39)
  • Mr. Tian Xu, VP of Fin. (Age 40)
  • Mr. Junyun Xiao, Sr. VP of Operation (Age 39)
  • Mr. Lei Chen, Chief Technology Officer (Age 39)
  • Mr. Christian Arnell, Investor Relations Officer

When did Pinduoduo IPO?

(PDD) raised $1.5 billion in an IPO on Thursday, July 26th 2018. The company issued 85,600,000 shares at a price of $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.

What is Pinduoduo's stock symbol?

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

Who are Pinduoduo's major shareholders?

Pinduoduo's stock is owned by a variety of retail and institutional investors. Top institutional shareholders include FMR LLC (1.79%), Goldman Sachs Group Inc. (1.28%), Hillhouse Capital Advisors LTD. (0.89%), Vanguard Group Inc. (0.88%), Bank of America Corp DE (0.75%) and Fisher Asset Management LLC (0.37%).

Which major investors are selling Pinduoduo stock?

PDD stock was sold by a variety of institutional investors in the last quarter, including FMR LLC, Goldman Sachs Group Inc., WT Asset Management Ltd, Sylebra Capital Ltd, Krane Funds Advisors LLC, Nordea Investment Management AB, Sumitomo Mitsui Trust Holdings Inc., and Anglepoint Asset Management LTD..

Which major investors are buying Pinduoduo stock?

PDD stock was bought by a variety of institutional investors in the last quarter, including Vanguard Group Inc., Discovery Value Fund, Hillhouse Capital Advisors LTD., Softbank Group Corp, Bank of America Corp DE, Bridgewater Associates LP, TB Alternative Assets Ltd., and Canada Pension Plan Investment Board.

How do I buy shares of Pinduoduo?

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.

What is Pinduoduo's stock price today?

One share of PDD stock can currently be purchased for approximately $75.29.

How big of a company is Pinduoduo?

Pinduoduo has a market capitalization of $83.87 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.

What is Pinduoduo's official website?

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

How can I contact Pinduoduo?

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]

This page was last updated on 9/25/2020 by MarketBeat.com Staff

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