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PDD (PDD) Stock Price, News & Analysis

$93.30
+0.62 (+0.67%)
(As of 09/6/2024 ET)
Today's Range
$92.34
$94.88
50-Day Range
$89.17
$151.11
52-Week Range
$88.01
$164.69
Volume
9.55 million shs
Average Volume
9.70 million shs
Market Capitalization
$128.37 billion
P/E Ratio
12.36
Dividend Yield
N/A
Price Target
$177.78

PDD MarketRank™ Stock Analysis

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
90.5% Upside
$177.78 Price Target
Short Interest
Healthy
2.26% of Shares Sold Short
Dividend Strength
N/A
Sustainability
-1.41
Upright™ Environmental Score
News Sentiment
0.12mentions of PDD in the last 14 days
Based on 37 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
13.92%
From $11.21 to $12.77 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.

4.69 out of 5 stars

Multi-Sector Conglomerates Sector

2nd out of 18 stocks

Business Services, Not Elsewhere Classified Industry

10th out of 91 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

Person holding smartphone with logo of mining, metals and petroleum company BHP Group on screen in front of website.
BHP Stock: The Under-the-Radar Growth Story in Commodities
BHP shares are little changed even after the company doubled its free cash flow over the year, secular tailwinds drew in institutional capital to the stock
PDD logo app on smartphone screen
PDD Shares Plunge: Why This Could Be a Hidden Gem for Investors (PDD)
PDD stock is selling off after the company announced its second quarter 2024 earnings results, though the financials show a stronger than expected business
Ex-CIA Advisor: “This is How Kamala will Rig the Election”
A former CIA advisor with close ties to the White House… Has just released this shocking expose on Kamala’s plan to stop Trump. Every American needs to prepare now…
JD.com  app logo on smartphone
JD.com’s Record Net Profit Underscores Its Financial Strength (PDD)
Chinese eCommerce giant JD.com Inc. (NASDAQ: JD) shares rallied 12% following a solid Q2 2024 earnings report. JD.com is the largest online retailer in China
the Sea Limited logo is displayed on a smartphone screen
Sea Limited’s E-Commerce and Fintech Strength Fuel Stock Surge (PDD)
Sea Limited's recent earnings report sent the share price soaring on strong revenue performance. Still, cost of revenue remains a concern over the long term.
Ex-CIA Advisor: “This is How Kamala will Rig the Election”
A former CIA advisor with close ties to the White House… Has just released this shocking expose on Kamala’s plan to stop Trump. Every American needs to prepare now…
What's Going on With Pinduoduo's Stock?
Traders Purchase Large Volume of PDD Put Options (NASDAQ:PDD)
PDD Holdings Inc: Company Investigated by the Portnoy Law Firm
See More Headlines
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Company Calendar

Last Earnings
8/26/2024
Today
9/07/2024
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
$177.78
High Stock Price Target
$272.00
Low Stock Price Target
$120.00
Potential Upside/Downside
+90.5%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
12 Analysts

Profitability

Net Income
$8.45 billion
Pretax Margin
34.43%

Debt

Sales & Book Value

Annual Sales
$34.88 billion
Cash Flow
$6.23 per share
Book Value
$19.17 per share

Miscellaneous

Outstanding Shares
1,375,870,000
Free Float
1,324,966,000
Market Cap
$128.37 billion
Optionable
Optionable
Beta
0.69

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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

Should I Buy PDD Stock? PDD Pros and Cons Explained

Pros

Here are some ways that investors could benefit from investing in PDD Holdings Inc.:

  • PDD Holdings Inc. operates Pinduoduo, an e-commerce platform that offers a wide range of products, which can attract a diverse customer base.
  • The recent Description update highlights PDD Holdings Inc. as a multinational commerce group, indicating potential for global expansion and revenue growth.
  • Investors may find the current stock price of PDD Holdings Inc. to be favorable for potential gains in the market.

Cons

Investors should be bearish about investing in PDD Holdings Inc. for these reasons:

  • The Description update does not provide specific details on recent financial performance or future growth strategies, which may raise concerns about transparency and long-term sustainability.
These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Tuesday, September 3, 2024. Please send any questions or comments about these PDD pros and cons to contact@marketbeat.com.

PDD Stock Analysis - Frequently Asked Questions

How have PDD shares performed this year?

PDD's stock was trading at $146.31 at the start of the year. Since then, PDD stock has decreased by 36.2% and is now trading at $93.30.
View the best growth stocks for 2024 here
.

How were PDD's earnings last quarter?

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

When did PDD IPO?

PDD (PDD) raised $1.5 billion in an initial public offering (IPO) on Thursday, July 26th 2018. The company issued 85,600,000 shares at $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?

Top institutional investors of PDD include Baillie Gifford & Co. (2.55%), Assenagon Asset Management S.A. (0.43%), Tairen Capital Ltd (0.39%) and Legal & General Group Plc (0.39%).

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.

What other stocks do shareholders of PDD own?

Based on aggregate information from My MarketBeat watchlists, some other companies that PDD investors own include Alibaba Group (BABA), NVIDIA (NVDA), JD.com (JD), Advanced Micro Devices (AMD), Micron Technology (MU), Netflix (NFLX) and Block (SQ).

This page (NASDAQ:PDD) was last updated on 9/7/2024 by MarketBeat.com Staff

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