PDD (NASDAQ:PDD - Get Free Report) announced its quarterly earnings data on Thursday. The company reported $20.15 earnings per share for the quarter, topping the consensus estimate of $2.56 by $17.59, Briefing.com reports. The company had revenue of $110.61 billion for the quarter, compared to analyst estimates of $115.77 billion. PDD had a return on equity of 46.08% and a net margin of 29.05%. PDD's revenue for the quarter was up 24.4% compared to the same quarter last year. During the same quarter last year, the firm earned $17.32 EPS.
PDD Price Performance
Shares of PDD stock traded down $2.87 during trading hours on Tuesday, reaching $125.25. 7,815,603 shares of the company were exchanged, compared to its average volume of 10,404,776. The company has a debt-to-equity ratio of 0.02, a current ratio of 2.15 and a quick ratio of 2.15. The company has a market cap of $172.33 billion, a price-to-earnings ratio of 12.23, a P/E/G ratio of 0.32 and a beta of 0.69. The stock's fifty day moving average is $116.94 and its two-hundred day moving average is $113.86. PDD has a fifty-two week low of $88.01 and a fifty-two week high of $164.69.
Wall Street Analysts Forecast Growth
A number of equities analysts have recently commented on the stock. Nomura reaffirmed a "neutral" rating and set a $130.00 price objective (down from $137.00) on shares of PDD in a report on Thursday, March 20th. Benchmark reaffirmed a "buy" rating and set a $160.00 price objective on shares of PDD in a report on Friday. Nomura Securities cut PDD from a "strong-buy" rating to a "hold" rating in a report on Friday. Jefferies Financial Group decreased their price target on PDD from $171.00 to $156.00 and set a "buy" rating on the stock in a research note on Thursday, March 20th. Finally, JPMorgan Chase & Co. increased their price objective on PDD from $105.00 to $125.00 and gave the stock a "neutral" rating in a research note on Friday. Five research analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $169.91.
Check Out Our Latest Stock Report on PDD
About PDD
(
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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.
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