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S&P 500   4,297.14
DOW   33,912.44
QQQ   333.06
The Five Hottest Calls From The Q2 Earnings Season 
“No Historic Crash Is Coming, What’s NEXT, Is Much Worse…” (PhD Economist) (Ad)
Buffett's firm buys more Apple, Amazon while betting on oil
Norway hits export record amid soaring gas prices
Stocks end higher on Wall Street; economic worries hit oil
“No Historic Crash Is Coming, What’s NEXT, Is Much Worse…” (PhD Economist) (Ad)
Myanmar executions revive pressure for more sanctions
3 Stocks Set to Lead the Nasdaq Bull Market
Stocks higher on Wall Street; economic worries hit oil price
27 U.S. Cities Where Stocks Yield 26% a Year (Ad)pixel
S&P 500   4,297.14
DOW   33,912.44
QQQ   333.06
The Five Hottest Calls From The Q2 Earnings Season 
“No Historic Crash Is Coming, What’s NEXT, Is Much Worse…” (PhD Economist) (Ad)
Buffett's firm buys more Apple, Amazon while betting on oil
Norway hits export record amid soaring gas prices
Stocks end higher on Wall Street; economic worries hit oil
“No Historic Crash Is Coming, What’s NEXT, Is Much Worse…” (PhD Economist) (Ad)
Myanmar executions revive pressure for more sanctions
3 Stocks Set to Lead the Nasdaq Bull Market
Stocks higher on Wall Street; economic worries hit oil price
27 U.S. Cities Where Stocks Yield 26% a Year (Ad)pixel
S&P 500   4,297.14
DOW   33,912.44
QQQ   333.06
The Five Hottest Calls From The Q2 Earnings Season 
“No Historic Crash Is Coming, What’s NEXT, Is Much Worse…” (PhD Economist) (Ad)
Buffett's firm buys more Apple, Amazon while betting on oil
Norway hits export record amid soaring gas prices
Stocks end higher on Wall Street; economic worries hit oil
“No Historic Crash Is Coming, What’s NEXT, Is Much Worse…” (PhD Economist) (Ad)
Myanmar executions revive pressure for more sanctions
3 Stocks Set to Lead the Nasdaq Bull Market
Stocks higher on Wall Street; economic worries hit oil price
27 U.S. Cities Where Stocks Yield 26% a Year (Ad)pixel
NASDAQ:PDD

Pinduoduo - PDD Stock Forecast, Price & News

$51.13
+2.33 (+4.77%)
(As of 08/15/2022 12:00 AM ET)
Add
Compare
Today's Range
$47.56
$51.43
50-Day Range
$47.26
$66.62
52-Week Range
$23.21
$109.79
Volume
6.17 million shs
Average Volume
13.98 million shs
Market Capitalization
$63.33 billion
P/E Ratio
34.78
Dividend Yield
N/A
Price Target
$68.80

Pinduoduo MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.58 Rating Score
Upside/​Downside
34.6% Upside
$68.80 Price Target
Short Interest
Healthy
1.28% of Float Sold Short
Dividend Strength
N/A
Sustainability
-1.41
Upright™ Environmental Score
News Sentiment
0.16mentions of Pinduoduo in the last 14 days
Based on 7 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
50.36%
From $1.37 to $2.06 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.57 out of 5 stars

Retail/Wholesale Sector

102nd out of 219 stocks

Business Services, Not Elsewhere Classified Industry

46th out of 105 stocks

PDD stock logo

About Pinduoduo (NASDAQ:PDD) Stock

Pinduoduo Inc., through its subsidiaries, operates an e-commerce platform in the People's Republic of China. It operates Pinduoduo, a mobile platform that offers a range of products, including apparel, shoes, bags, mother and childcare products, food and beverages, fresh produce, electronic appliances, furniture and household goods, cosmetics and other personal care items, sports and fitness items, and auto accessories. The company was formerly known as Walnut Street Group Holding Limited and changed its name to Pinduoduo Inc. in July 2018. Pinduoduo Inc. was incorporated in 2015 and is headquartered in Shanghai, the People's Republic of China.

Pinduoduo Trading Up 1.7 %

Pinduoduo stock traded up $0.84 during mid-day trading on Monday, hitting $49.64. 114,185 shares of the stock were exchanged, compared to its average volume of 13,936,726. The company has a quick ratio of 1.89, a current ratio of 1.89 and a debt-to-equity ratio of 0.18. Pinduoduo has a 12 month low of $23.21 and a 12 month high of $109.79. The firm's fifty day simple moving average is $56.82 and its two-hundred day simple moving average is $49.20. The stock has a market capitalization of $61.49 billion, a price-to-earnings ratio of 33.20 and a beta of 0.78.

Pinduoduo (NASDAQ:PDD - Get Rating) last released its quarterly earnings results on Friday, May 27th. The company reported $0.30 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.27 by $0.03. Pinduoduo had a net margin of 13.91% and a return on equity of 22.63%. The firm had revenue of $3.75 billion during the quarter, compared to analyst estimates of $3.32 billion. During the same quarter last year, the business earned ($0.36) EPS. Analysts forecast that Pinduoduo will post 1.37 EPS for the current year.

Analyst Ratings Changes

A number of research firms recently commented on PDD. Barclays raised their price target on shares of Pinduoduo from $41.00 to $45.00 and gave the stock an "equal weight" rating in a research report on Wednesday, June 1st. TheStreet upgraded shares of Pinduoduo from a "d+" rating to a "c" rating in a research note on Tuesday, May 31st. Morgan Stanley downgraded shares of Pinduoduo from an "overweight" rating to an "equal weight" rating and set a $70.00 price objective on the stock. in a research note on Monday, July 11th. Citigroup increased their price objective on shares of Pinduoduo from $61.00 to $62.00 and gave the stock a "buy" rating in a research note on Tuesday, May 31st. Finally, 86 Research upgraded shares of Pinduoduo from a "hold" rating to a "buy" rating in a research note on Friday, April 29th. Five investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $68.80.

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PDD Stock News Headlines

Nasdaq 100 Movers: AZN, PDD - Nasdaq
What Are Whales Doing With Pinduoduo - Benzinga
Nasdaq 100 Movers: PDD, DDOG - Nasdaq
Pinduoduo Whale Trades For July 12 - Benzinga
See More Headlines
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PDD Company Calendar

Last Earnings
5/27/2022
Today
8/15/2022
Next Earnings (Estimated)
8/23/2022
Fiscal Year End
12/31/2022

Industry, Sector and Symbol

Industry
Business services, not elsewhere classified
Sub-Industry
N/A
Current Symbol
NASDAQ:PDD
Fax
N/A
Employees
9,762
Year Founded
2015

Price Target and Rating

Average Stock Price Forecast
$68.80
High Stock Price Forecast
$148.00
Low Stock Price Forecast
$45.00
Forecasted Upside/Downside
+34.6%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.58
Research Coverage
12 Analysts

Profitability

Net Income
$1.22 billion
Pretax Margin
16.43%

Debt

Sales & Book Value

Annual Sales
$14.74 billion
Cash Flow
$2.08 per share
Book Value
$9.52 per share

Miscellaneous

Outstanding Shares
1,238,703,000
Free Float
N/A
Market Cap
$63.33 billion
Optionable
Optionable
Beta
0.78

Social Links















PDD Stock - Frequently Asked Questions

Should I buy or sell Pinduoduo stock right now?

12 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Pinduoduo in the last year. There are currently 5 hold ratings and 7 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" PDD shares.
View PDD analyst ratings
or view top-rated stocks.

What is Pinduoduo's stock price forecast for 2022?

12 Wall Street analysts have issued 12-month price targets for Pinduoduo's shares. Their PDD share price forecasts range from $45.00 to $148.00. On average, they expect the company's share price to reach $68.80 in the next year. This suggests a possible upside of 34.6% from the stock's current price.
View analysts price targets for PDD
or view top-rated stocks among Wall Street analysts.

How have PDD shares performed in 2022?

Pinduoduo's stock was trading at $58.30 at the beginning of 2022. Since then, PDD stock has decreased by 12.3% and is now trading at $51.13.
View the best growth stocks for 2022 here
.

When is Pinduoduo's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, August 23rd 2022.
View our PDD earnings forecast
.

How were Pinduoduo's earnings last quarter?

Pinduoduo Inc. (NASDAQ:PDD) announced its quarterly earnings data on Friday, May, 27th. The company reported $0.30 EPS for the quarter, beating the consensus estimate of $0.27 by $0.03. The firm had revenue of $3.75 billion for the quarter, compared to analysts' expectations of $3.32 billion. Pinduoduo had a net margin of 13.91% and a trailing twelve-month return on equity of 22.63%. During the same period last year, the company posted ($0.36) EPS.

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), Advanced Micro Devices (AMD), Micron Technology (MU), Netflix (NFLX), Block (SQ), Tesla (TSLA), Walt Disney (DIS) and Salesforce (CRM).

When did Pinduoduo IPO?

(PDD) raised $1.5 billion in an initial public offering 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 acted 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 number of retail and institutional investors. Top institutional investors include Baillie Gifford & Co. (2.27%), FMR LLC (1.76%), GQG Partners LLC (0.50%), UBS Asset Management Americas Inc. (0.44%), Bridgewater Associates LP (0.39%) and RWC Asset Advisors US LLC (0.26%).

How do I buy shares of Pinduoduo?

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

What is Pinduoduo's stock price today?

One share of PDD stock can currently be purchased for approximately $51.13.

How much money does Pinduoduo make?

Pinduoduo (NASDAQ:PDD) has a market capitalization of $63.33 billion and generates $14.74 billion in revenue each year. The company earns $1.22 billion in net income (profit) each year or $1.47 on an earnings per share basis.

How many employees does Pinduoduo have?

The company employs 9,762 workers across the globe.

When was Pinduoduo founded?

Pinduoduo was founded in 2015.

How can I contact Pinduoduo?

Pinduoduo's mailing address is 28/F NO. 533 LOUSHANGUAN ROAD CHANGNING DISTRICT, SHANGHAI F4, 200051. The official website for the company is www.pinduoduo.com. The company can be reached via phone at 862152661300 or via email at investor@pinduoduo.com.

This page (NASDAQ:PDD) was last updated on 8/16/2022 by MarketBeat.com Staff

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