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 twelve months. There are currently 1 hold rating and 8 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate 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 $220.00. On average, they predict the company's stock price to reach $146.85 in the next year. This suggests a possible upside of 29.4% 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 on January 1st, 2024. Since then, PDD shares have decreased by 22.4% and is now trading at $113.52. 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 Friday, May 24th 2024. View our PDD earnings forecast .

How were PDD's earnings last quarter?

PDD Holdings Inc. (NASDAQ:PDD) released its quarterly earnings data on Wednesday, March, 20th. The company reported $2.23 earnings per share for the quarter, beating the consensus estimate of $1.42 by $0.81. The company earned $12.52 billion during the quarter, compared to the consensus estimate of $11.80 billion. PDD had a net margin of 24.23% and a trailing twelve-month return on equity of 39.10%.

What ETFs hold PDD's stock?

ETFs with the largest weight of PDD (NASDAQ:PDD) stock in their portfolio include ProShares Online Retail ETF (ONLN) , Invesco Golden Dragon China ETF (PGJ) , Invesco China Technology ETF (CQQQ) , Global X China Consumer ETF (CHIQ) , Global X Emerging Markets Internet & E-commerce ETF (EWEB) , KraneShares CSI China Internet ETF (KWEB) , Emerging Markets Internet & Ecommerce ETF (EMQQ) and Matthews China Active ETF (MCH) .

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) .

PDD (PDD) raised $1.5 billion in an 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 served 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 number of retail and institutional investors. Top institutional investors include IMC Chicago LLC (0.00%), Matthews International Capital Management LLC (0.03%), Los Angeles Capital Management LLC (0.02%), Banque Cantonale Vaudoise (0.00%), AMF Tjanstepension AB (0.00%) and Global Assets Advisory 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 .

Top-Rated StocksTop-Rated

NASDAQ:PDD

PDD (PDD) Stock Price, News & Analysis

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$113.52

-0.77 (-0.67%)

(As of 04/16/2024 ET)

Compare

Today's Range: $111.86
▼
$115.45
50-Day Range: $110.34
▼
$135.32
52-Week Range: $59.67
▼
$152.99

Volume: 5.15 million shs
Average Volume: 8.33 million shs
Market Capitalization: $149.80 billion

P/E Ratio: 19.81
Dividend Yield: N/A
Price Target: $146.85

Get PDD alerts:

PDD MarketRank™ Stock Analysis

Analyst Rating: Moderate Buy
2.89 Rating Score
Upside/Downside: 29.4% Upside
$146.85 Price Target
Short Interest: Healthy
1.85% of Shares Sold Short
Dividend Strength: N/A
Sustainability: -1.41
Upright™ Environmental Score
News Sentiment: 0.68
Based on 12 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.

4.88 out of 5 stars

Retail/Wholesale Sector

9th out of 196 stocks

Business Services, Not Elsewhere Classified Industry

2nd out of 87 stocks

4.4

Analyst's Opinion

Consensus Rating
PDD has received a consensus rating of Moderate Buy. The company's average rating score is 2.89, and is based on 8 buy ratings, 1 hold rating, and no sell ratings.
Amount of Analyst Coverage
PDD has been the subject of 6 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

3.0

Short Interest

Percentage of Shares Shorted
1.85% 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 2.9, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in PDD has recently increased by 2.90%, indicating that investor sentiment is decreasing.

0.0

Dividend Strength

Dividend Yield
PDD does not currently pay a dividend.
Dividend Growth
PDD does not have a long track record of dividend growth.

2.2

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
PDD has received a 6.19% net impact score from Upright. Pinduoduo seems to create the most significant positive value in categories "Taxes", "Meaning & joy", and "Jobs". The positive contribution in the "Meaning & joy" impact category is mostly driven by its "E-commerce video software", "E-commerce search software", and "E-commerce platform software" products. See details.
Environmental Sustainability
The Environmental Impact score for PDD is -1.41.

2.6

News and Social Media Coverage

News Sentiment
PDD has a news sentiment score of 0.68. 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 0.57 average news sentiment score of Retail/Wholesale companies.
News Coverage This Week
MarketBeat has tracked 12 news articles for PDD this week, compared to 13 articles on an average week.
Search Interest
130 people have searched for PDD on MarketBeat in the last 30 days. This is an increase of 110% compared to the previous 30 days.
MarketBeat Follows
Only 33 people have added PDD to their MarketBeat watchlist in the last 30 days. This is a decrease of 0% compared to the previous 30 days.

0.0

Company Ownership

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.

4.4

Earnings and Valuation

Earnings Growth
Earnings for PDD are expected to grow by 26.11% in the coming year, from $7.85 to $9.90 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of PDD is 19.81, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 138.71.
Price to Earnings Ratio vs. Sector
The P/E ratio of PDD is 19.81, which means that it is trading at a less expensive P/E ratio than the Retail/Wholesale sector average P/E ratio of about 25.54.
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 5.68. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

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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. PDD Holdings Inc. was incorporated in 2015 and is based in Dublin, Ireland.

PDD Stock Price History

30 days | 90 days | 365 days | Advanced Chart

PDD Stock News Headlines

March 20, 2024 | marketbeat.com

PDD Holdings Stock Can Have Another Double-Digit Rally This Week

Watch for a dip buying opportunity in PDD Holdings Inc. NASDAQ: PDD as China's economy blows past expectations this quarter. Analysts may see their hands forced to boost their current price targets when they compare PDD and peers like Alibaba Group NYSE: BABA and JD.com Inc. NASDAQ: JD.

March 20, 2024 | marketbeat.com

PDD Holdings Stock Can Have Another Double-Digit Rally This Week (PDD)

PDD stock is quickly becoming the market's favorite this time around, analysts are boosting their price targets and institutions bought right before earnings

April 16, 2024 | Manward Press (Ad)

Can't believe it's happening again

One of the single most unique and powerful events in the markets is coming in the next two months. It’s scheduled for April 22, 2024. But investors are moving now to get ahead of what’s coming… driving up prices of one asset dramatically. And you should do the same.

April 15, 2024 | msn.com

PDD Holdings Inc. (PDD) Stock Moves -1.05%: What You Should Know

April 15, 2024 | msn.com

Temu likely to face tougher online content rules as EU users soar

April 15, 2024 | benzinga.com

Spotlight on PDD Holdings: Analyzing the Surge in Options Activity

April 12, 2024 | fool.com

Why Alibaba, JD.com, and PDD Holdings Stocks Were Sliding Today

April 12, 2024 | msn.com

Coupang to up paid-user membership fee amid competition from Chinese rivals

April 16, 2024 | Manward Press (Ad)

Can't believe it's happening again

April 11, 2024 | ft.com

Alibaba will struggle to knock Temu off ecommerce top spot

April 10, 2024 | msn.com

Alibaba rises after Jack Ma backs restructuring efforts in rare memo - report

April 10, 2024 | fool.com

3 E-Commerce Stocks That Have Outperformed Amazon Over the Past 5 Years

April 9, 2024 | finance.yahoo.com

Zacks Industry Outlook Highlights PDD Holdings and eBay

April 9, 2024 | benzinga.com

Smart Money Is Betting Big In PDD Options

April 8, 2024 | investorplace.com

Wall Street Favorites: 3 Chinese Stocks With Strong Buy Ratings for April 2024

April 8, 2024 | seekingalpha.com

PDD Holdings: I'm Buying This Now

April 2, 2024 | benzinga.com

Decoding PDD Holdings's Options Activity: What's the Big Picture?

April 2, 2024 | investorplace.com

The 3 Most Undervalued Chinese Stocks to Buy in April 2024

April 2, 2024 | msn.com

PDD Holdings sets up biz entity in S. Korea for Temu's expansion

April 2, 2024 | msn.com

PDD: The Depression You May Never Have Heard Of

March 31, 2024 | fool.com

2 Risks Investors Should Know Before Buying Pinduoduo Stock

March 30, 2024 | investorplace.com

3 Stocks to Exit Now Ahead of Any Chinese App Bans

March 30, 2024 | seekingalpha.com

PDD Holdings: Revenues Soar But Gross Margins Continue To Collapse

March 27, 2024 | msn.com

PDD Soared And Slumped: What Happened?

March 26, 2024 | investorplace.com

Double Down: 7 Beaten-Down Growth Stocks to Buy Hand Over Fist

March 26, 2024 | finance.yahoo.com

Investors Should Be Encouraged By PDD Holdings' (NASDAQ:PDD) Returns On Capital

March 25, 2024 | investorplace.com

7 Stocks That Could Be the Next Amazon or Google: March 2024 Edition

See More Headlines

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Company Calendar

Last Earnings: 3/20/2024
Today: 4/16/2024
Next Earnings (Estimated): 5/24/2024
Fiscal Year End: 12/31/2024

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: NASDAQ
Sector: Retail/Wholesale
Industry: Business services, not elsewhere classified
Sub-Industry: N/A
Current Symbol: NASDAQ:PDD
CUSIP: N/A
CIK: 1737806
Web: www.pinduoduo.com
Phone: (531) 539-7938
Fax: N/A
Employees: 12,992
Year Founded: 2015

Price Target and Rating

Average Stock Price Target: $146.85
High Stock Price Target: $220.00
Low Stock Price Target: $110.00
Potential Upside/Downside: +30.1%
Consensus Rating: Moderate Buy
Rating Score (0-4): 2.89
Research Coverage: 9 Analysts

Profitability

EPS (Most Recent Fiscal Year): $5.73
Trailing P/E Ratio: 19.69
Forward P/E Ratio: 14.37
P/E Growth: 0.3
Net Income: $8.45 billion
Net Margins: 24.23%
Pretax Margin: 29.03%
Return on Equity: 39.10%
Return on Assets: 20.64%

Debt

Debt-to-Equity Ratio: 0.03
Current Ratio: 1.93
Quick Ratio: 1.83

Sales & Book Value

Annual Sales: $34.88 billion
Price / Sales: 4.27
Cash Flow: $9.82 per share
Price / Cash Flow: 11.49
Book Value: $19.99 per share
Price / Book: 5.64

Miscellaneous

Outstanding Shares: 1,319,590,000
Free Float: 1,270,762,000
Market Cap: $148.90 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 40)
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

Key Competitors

View All Competitors

Institutional Ownership

View All Institutional Transactions

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. has shown consistent growth in institutional investments, indicating confidence from major financial entities.
Recent analyst upgrades have raised the target price for PDD stock, suggesting positive future performance.
The company's stock price has been trading at a relatively stable level, providing a sense of security for investors.
PDD Holdings Inc. has a strong market capitalization of $157.24 billion, reflecting its significant presence in the market.
The company's low debt-to-equity ratio of 0.03 indicates a healthy financial structure.

Cons

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

Despite recent analyst upgrades, there is a risk of market volatility affecting the stock price of PDD Holdings Inc.
The company's stock performance has shown fluctuations, which may lead to uncertainty among investors.
PDD Holdings Inc. has a beta of 0.67, indicating moderate volatility compared to the market index.
Investors should consider the company's price-to-earnings ratio of 20.80 and price-to-earnings-growth ratio of 0.30 for valuation analysis.
While the company has a strong market capitalization, investors should assess potential market risks that could impact PDD's performance.

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 Friday, April 12, 2024. Please send any questions or comments about these PDD pros and cons to contact@marketbeat.com.

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 twelve months. There are currently 1 hold rating and 8 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate 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 $220.00. On average, they predict the company's stock price to reach $146.85 in the next year. This suggests a possible upside of 29.4% 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 on January 1st, 2024. Since then, PDD shares have decreased by 22.4% and is now trading at $113.52.
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 Friday, May 24th 2024.
View our PDD earnings forecast.
How were PDD's earnings last quarter?: PDD Holdings Inc. (NASDAQ:PDD) released its quarterly earnings data on Wednesday, March, 20th. The company reported $2.23 earnings per share for the quarter, beating the consensus estimate of $1.42 by $0.81. The company earned $12.52 billion during the quarter, compared to the consensus estimate of $11.80 billion. PDD had a net margin of 24.23% and a trailing twelve-month return on equity of 39.10%.
What ETFs hold PDD's stock?: ETFs with the largest weight of PDD (NASDAQ:PDD) stock in their portfolio include ProShares Online Retail ETF (ONLN), Invesco Golden Dragon China ETF (PGJ), Invesco China Technology ETF (CQQQ), Global X China Consumer ETF (CHIQ), Global X Emerging Markets Internet & E-commerce ETF (EWEB), KraneShares CSI China Internet ETF (KWEB), Emerging Markets Internet & Ecommerce ETF (EMQQ) and Matthews China Active ETF (MCH).

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 $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.
Who are PDD's major shareholders?: PDD's stock is owned by a number of retail and institutional investors. Top institutional investors include IMC Chicago LLC (0.00%), Matthews International Capital Management LLC (0.03%), Los Angeles Capital Management LLC (0.02%), Banque Cantonale Vaudoise (0.00%), AMF Tjanstepension AB (0.00%) and Global Assets Advisory 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 4/16/2024 by MarketBeat.com Staff

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