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PDD (PDD) Stock Price, News & Analysis

$157.57
+3.94 (+2.56%)
(As of 05/24/2024 ET)
Today's Range
$157.46
$164.69
50-Day Range
$113.43
$157.57
52-Week Range
$59.98
$164.69
Volume
19.12 million shs
Average Volume
10.81 million shs
Market Capitalization
$216.80 billion
P/E Ratio
20.87
Dividend Yield
N/A
Price Target
$182.31

PDD MarketRank™ Stock Analysis

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
15.7% Upside
$182.31 Price Target
Short Interest
Healthy
2.09% of Shares Sold Short
Dividend Strength
N/A
Sustainability
-1.41
Upright™ Environmental Score
News Sentiment
0.76mentions of PDD in the last 14 days
Based on 54 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
26.11%
From $7.85 to $9.90 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

4.78 out of 5 stars

Retail/Wholesale Sector

19th out of 194 stocks

Business Services, Not Elsewhere Classified Industry

10th out of 90 stocks

PDD stock logo

About PDD Stock (NASDAQ:PDD)

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 Price History

PDD Stock News Headlines

PDD Holdings Earnings Volatility Alerts Buyers
After a spectacular 36.4% run in the fourth quarter of 2023 earnings, shares of PDD Holdings Inc. NASDAQ: PDD have changed a little as the company released its first quarter 2024 results. However, investors can lean on the run-up to the announcement for a sentiment check, which delivered a 43.5% rally as markets geared up for a solid start to the year.
PDD Holdings Earnings Volatility Alerts Buyers (PDD)
PDD stock is looking to give investors another 50% rally, at least that what analysts think through their price targets as the Chinese economy heats up
PDD (NASDAQ:PDD) Rating Increased to Buy at The Goldman Sachs Group
PDD (NASDAQ:PDD) Price Target Raised to $224.00
Pinduoduo Stock: Buy, Sell, or Hold?
PDD (NASDAQ:PDD) Shares Gap Up After Analyst Upgrade
PDD Stock Soars as Goldman Sachs Upgrades Stock On Improved Temu Economics
PDD (NASDAQ:PDD) PT Raised to $198.00
PDD (NASDAQ:PDD) PT Raised to $235.00
PDD (NASDAQ:PDD) PT Raised to $230.00 at Benchmark
PDD (NASDAQ:PDD) Reaches New 1-Year High on Analyst Upgrade
PDD (NASDAQ:PDD) Sees Large Volume Increase on Analyst Upgrade
Key Takeaways From PDD Holdings Analyst Ratings
PDD (NASDAQ:PDD) PT Raised to $272.00 at UBS Group
See More Headlines
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Company Calendar

Last Earnings
3/20/2024
Today
5/25/2024
Next Earnings (Estimated)
9/03/2024
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
$182.31
High Stock Price Target
$272.00
Low Stock Price Target
$110.00
Potential Upside/Downside
+15.7%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
9 Analysts

Profitability

Net Income
$8.45 billion
Pretax Margin
32.33%

Debt

Sales & Book Value

Annual Sales
$34.88 billion
Cash Flow
$6.58 per share
Book Value
$22.01 per share

Miscellaneous

Outstanding Shares
1,375,870,000
Free Float
1,324,966,000
Market Cap
$216.80 billion
Optionable
Optionable
Beta
0.67

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Key Executives

  • Mr. Lei Chen (Age 44)
    General Counsel, Co-CEO & Chairman
  • Mr. Jiazhen Zhao (Age 40)
    Co-CEO & Executive Director
  • Ms. Jun Liu (Age 41)
    Vice President of Finance
  • Mr. Junyun Xiao (Age 44)
    Senior Vice President of Operation
  • Xin Yi Lim
    Investor Relations Officers
  • Mr. Nick Shu C.F.A.
    Director of Corporate Development & IR
  • Mr. Zhenwei Zheng (Age 40)
    Senior Vice President of Product Development
  • David Liu
    Vice President of Strategy
  • Peng Cheng
    IR Director

PDD Stock Analysis - Frequently Asked Questions

Should I buy or sell PDD stock right now?

9 Wall Street analysts have issued "buy," "hold," and "sell" ratings for PDD in the last year. There are currently 9 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" PDD shares.
View PDD analyst ratings
or view top-rated stocks.

What is PDD's stock price target for 2024?

9 Wall Street analysts have issued 12 month price objectives for PDD's shares. Their PDD share price targets range from $110.00 to $272.00. On average, they anticipate the company's stock price to reach $182.31 in the next twelve months. This suggests a possible upside of 15.7% 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 2024?

PDD's stock was trading at $146.31 at the beginning of the year. Since then, PDD shares have increased by 7.7% and is now trading at $157.57.
View the best growth stocks for 2024 here
.

When is PDD's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, September 3rd 2024.
View our PDD earnings forecast
.

How were PDD's earnings last quarter?

PDD Holdings Inc. (NASDAQ:PDD) issued its quarterly earnings data on Wednesday, March, 20th. The company reported $2.23 EPS for the quarter, beating analysts' consensus estimates of $1.42 by $0.81. The firm had revenue of $12.52 billion for the quarter, compared to analysts' expectations of $11.80 billion. PDD had a trailing twelve-month return on equity of 45.04% and a net margin of 26.93%.

What other stocks do shareholders of PDD own?

Based on aggregate information from My MarketBeat watchlists, some companies that other PDD 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 PDD IPO?

PDD (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 acted as the underwriters for the IPO and China Renaissance was co-manager.

Who are PDD's major shareholders?

PDD's stock is owned by a variety of institutional and retail investors. Top institutional investors include Baillie Gifford & Co. (2.64%), Vanguard Group Inc. (1.84%), Hhlr Advisors LTD. (0.86%), Assenagon Asset Management S.A. (0.39%), Price T Rowe Associates Inc. MD (0.34%) and Jane Street Group LLC (0.00%).

How do I buy shares of PDD?

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.

This page (NASDAQ:PDD) was last updated on 5/26/2024 by MarketBeat.com Staff

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