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NASDAQ:PDDPinduoduo Stock Price, Forecast & News

$69.70
+3.43 (+5.18 %)
(As of 06/5/2020 04:00 PM ET)
Add
Compare
Today's Range
$67.56
Now: $69.70
$73.17
50-Day Range
$43.03
MA: $55.82
$68.70
52-Week Range
$19.00
Now: $69.70
$73.17
Volume9.99 million shs
Average Volume8.06 million shs
Market Capitalization$77.64 billion
P/E RatioN/A
Dividend YieldN/A
Beta1.33
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: 2.1Community Rank: 2.2Dividend Strength: 0.0Insider Behavior: 0.0Valuation: 0.6 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

0.99 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$77.64 billion
Next Earnings Date8/19/2020 (Estimated)
OptionableOptionable

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Pinduoduo (NASDAQ:PDD) Frequently Asked Questions

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

Pinduoduo's stock was trading at $35.06 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization. Since then, PDD stock has increased by 98.8% and is now trading at $69.70. View which stocks have been most impacted by Coronavirus.

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 2 sell ratings, 9 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, August 19th 2020. View our earnings forecast for Pinduoduo.

How were Pinduoduo's earnings last quarter?

Pinduoduo Inc (NASDAQ:PDD) posted its quarterly earnings results on Friday, May, 22nd. The company reported ($2.73) earnings per share for the quarter, missing the Zacks' consensus estimate of ($0.34) by $2.39. The firm had revenue of $6.54 billion for the quarter, compared to analyst estimates of $5.21 billion. Pinduoduo had a negative net margin of 28.48% and a negative return on equity of 37.60%. The firm's revenue for the quarter 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.

What price target have analysts set for PDD?

17 equities research analysts have issued 12 month price objectives for Pinduoduo's stock. Their forecasts range from $20.48 to $84.00. On average, they anticipate Pinduoduo's stock price to reach $58.51 in the next twelve months. This suggests that the stock has a possible downside of 16.1%. View analysts' price targets for Pinduoduo.

Has Pinduoduo been receiving favorable news coverage?

Media stories about PDD stock have trended very negative recently, according to InfoTrie Sentiment Analysis. InfoTrie rates the sentiment of media coverage by monitoring more than six thousand blog and news 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 daily sentiment score of -3.7 on InfoTrie's scale. They also assigned press coverage about the company a news buzz of 10.0 out of 10, meaning that recent media coverage is extremely likely to have an impact on the company's share price in the near term. View the latest news aboutPinduoduo.

Are investors shorting Pinduoduo?

Pinduoduo saw a increase in short interest during the month of April. As of April 30th, there was short interest totaling 41,900,000 shares, an increase of 17.3% from the April 15th total of 35,730,000 shares. Based on an average trading volume of 8,130,000 shares, the short-interest ratio is presently 5.2 days. Approximately 6.7% of the shares of the company are sold short. View Pinduoduo's Current Options Chain.

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), JD.Com (JD), NVIDIA (NVDA), Advanced Micro Devices (AMD), Micron Technology (MU), Netflix (NFLX), Tesla (TSLA), Square (SQ), IQIYI (IQ) and Baidu (BIDU).

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 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 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 Baillie Gifford & Co. (2.45%), BlackRock Inc. (1.03%), State Street Corp (0.43%), Fisher Asset Management LLC (0.37%), Greenwoods Asset Management Ltd (0.36%) and Sumitomo Mitsui Trust Holdings Inc. (0.23%).

Which institutional investors are selling Pinduoduo stock?

PDD stock was sold by a variety of institutional investors in the last quarter, including Morgan Stanley, Morgan Stanley, Tairen Capital Ltd, Sylebra Capital Ltd, Barings LLC, Banco Santander S.A., JPMorgan Chase & Co., and Sumitomo Mitsui Trust Holdings Inc..

Which institutional investors are buying Pinduoduo stock?

PDD stock was acquired by a variety of institutional investors in the last quarter, including Baillie Gifford & Co., Fisher Asset Management LLC, Greenwoods Asset Management Ltd, BlackRock Inc., Discovery Value Fund, State Street Corp, Assenagon Asset Management S.A., and Krane Funds Advisors LLC.

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 $69.70.

How big of a company is Pinduoduo?

Pinduoduo has a market capitalization of $77.64 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 6/5/2020 by MarketBeat.com Staff

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