Free Trial

PDD (PDD) Stock Price, News & Analysis

PDD logo
$120.59
-0.28 (-0.23%)
(As of 10/31/2024 ET)

About PDD Stock (NASDAQ:PDD)

Key Stats

Today's Range
$117.80
$121.17
50-Day Range
$89.17
$154.27
52-Week Range
$88.01
$164.69
Volume
7.38 million shs
Average Volume
10.70 million shs
Market Capitalization
$165.92 billion
P/E Ratio
12.99
Dividend Yield
N/A
Price Target
$182.40
Consensus Rating
Buy

Company Overview

PDD Holdings Inc., a multinational commerce group, owns and operates a portfolio of businesses. It operates Pinduoduo, an e-commerce platform that offers products in various categories, including agricultural produce, apparel, shoes, bags, mother and childcare products, food and beverage, electronic appliances, furniture and household goods, cosmetics and other personal care, sports and fitness items and auto accessories; and Temu, an online marketplace. It focuses on bringing businesses and people into the digital economy. The company was formerly known as Pinduoduo Inc. and changed its name to PDD Holdings Inc. in February 2023. The company was incorporated in 2015 and is based in Dublin, Ireland.

PDD Stock Analysis - MarketRank™

See Top Rated MarketRank™ Stocks
98th Percentile Overall Score

PDD MarketRank™: 

PDD scored higher than 98% of companies evaluated by MarketBeat, and ranked 2nd out of 27 stocks in the multi-sector conglomerates sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

  • Consensus Rating

    PDD has received a consensus rating of Buy. The company's average rating score is 3.08, and is based on 9 buy ratings, 1 hold rating, and no sell ratings.

  • Amount of Analyst Coverage

    PDD has been the subject of 9 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

  • Read more about PDD's stock forecast and price target.
  • Earnings Growth

    Earnings for PDD are expected to grow by 11.76% in the coming year, from $11.05 to $12.35 per share.

  • Price to Earnings Ratio vs. the Market

    The P/E ratio of PDD is 12.99, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 135.26.

  • Price to Earnings Ratio vs. Sector

    The P/E ratio of PDD is 12.99, which means that it is trading at a more expensive P/E ratio than the Multi-Sector Conglomerates sector average P/E ratio of about 8.84.

  • Price to Earnings Growth Ratio

    PDD has a PEG Ratio of 0.30. PEG Ratios below 1 indicate that a company could be undervalued.

  • Price to Book Value per Share Ratio

    PDD has a P/B Ratio of 6.29. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

  • Read more about PDD's valuation and earnings.
  • Percentage of Shares Shorted

    2.40% of the outstanding shares of PDD have been sold short.
  • Short Interest Ratio / Days to Cover

    PDD has a short interest ratio ("days to cover") of 2.1, which is generally considered an acceptable ratio of short interest to trading volume.
  • Change versus previous month

    Short interest in PDD has recently decreased by 7.83%, indicating that investor sentiment is improving significantly.
  • Dividend Yield

    PDD does not currently pay a dividend.

  • Dividend Growth

    PDD does not have a long track record of dividend growth.

  • Percentage of Shares Shorted

    2.40% of the outstanding shares of PDD have been sold short.
  • Short Interest Ratio / Days to Cover

    PDD has a short interest ratio ("days to cover") of 2.1, which is generally considered an acceptable ratio of short interest to trading volume.
  • Change versus previous month

    Short interest in PDD has recently decreased by 7.83%, indicating that investor sentiment is improving significantly.
  • News Sentiment

    PDD has a news sentiment score of 1.02. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.63 average news sentiment score of Multi-Sector Conglomerates companies.
  • News Coverage This Week

    MarketBeat has tracked 12 news articles for PDD this week, compared to 23 articles on an average week.
  • Search Interest

    Only 70 people have searched for PDD on MarketBeat in the last 30 days. This is a decrease of -27% compared to the previous 30 days.
  • MarketBeat Follows

    27 people have added PDD to their MarketBeat watchlist in the last 30 days. This is an increase of 13% compared to the previous 30 days.
  • Insider Buying vs. Insider Selling

    In the past three months, PDD insiders have not sold or bought any company stock.

  • Percentage Held by Insiders

    Only 3.70% of the stock of PDD is held by insiders.

  • Percentage Held by Institutions

    Only 29.07% of the stock of PDD is held by institutions.

  • Read more about PDD's insider trading history.
Receive PDD Stock News and Ratings via Email

Sign-up to receive the latest news and ratings for PDD and its competitors with MarketBeat's FREE daily newsletter.

PDD Stock News Headlines

PDD Quantitative Stock Analysis
Algo Trading Is Here 🔥
One trade alert each day backed by powerful technology, yours free. For $0 you can get access to one daily stock picked directly from StocksToTrade’s algo-powered system.
PDD Holdings downgraded to Neutral from Buy at BofA
See More Headlines

PDD Stock Analysis - Frequently Asked Questions

PDD's stock was trading at $146.31 at the beginning of the year. Since then, PDD stock has decreased by 17.6% and is now trading at $120.59.
View the best growth stocks for 2024 here
.

PDD Holdings Inc. (NASDAQ:PDD) posted its earnings results on Monday, August, 26th. The company reported $23.24 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.66 by $20.58. The business's quarterly revenue was up 85.7% on a year-over-year basis.

PDD (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.

PDD's top institutional shareholders include Assenagon Asset Management S.A. (0.42%), IMC Chicago LLC, First Beijing Investment Ltd (0.26%) and Krane Funds Advisors LLC (0.24%).

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

Based on aggregate information from My MarketBeat watchlists, some other companies that PDD investors own include NVIDIA (NVDA), Meta Platforms (META), Broadcom (AVGO), Advanced Micro Devices (AMD), ServiceNow (NOW), Adobe (ADBE) and CrowdStrike (CRWD).

Company Calendar

Last Earnings
8/26/2024
Today
10/31/2024
Next Earnings (Estimated)
11/26/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Business services, not elsewhere classified
Sub-Industry
N/A
Current Symbol
NASDAQ:PDD
Fax
N/A
Employees
17,403
Year Founded
2015

Price Target and Rating

Average Stock Price Target
$182.40
High Stock Price Target
$272.00
Low Stock Price Target
$120.00
Potential Upside/Downside
+50.9%
Consensus Rating
Buy
Rating Score (0-4)
3.08
Research Coverage
12 Analysts

Profitability

Net Income
$8.45 billion
Pretax Margin
34.43%

Debt

Sales & Book Value

Annual Sales
$341.59 billion
Cash Flow
$6.33 per share
Book Value
$19.17 per share

Miscellaneous

Outstanding Shares
1,375,873,000
Free Float
1,324,966,000
Market Cap
$166.30 billion
Optionable
Optionable
Beta
0.71

Social Links

20 High-Yield Dividend Stocks that Could Ruin Your Retirement Cover

Almost everyone loves strong dividend-paying stocks, but high yields can signal danger. Discover 20 high-yield dividend stocks paying an unsustainably large percentage of their earnings. Enter your email to get this report and avoid a high-yield dividend trap.

Get This Free Report

This page (NASDAQ:PDD) was last updated on 10/31/2024 by MarketBeat.com Staff
From Our Partners