PDD (NASDAQ:PDD – Get Rating) will be announcing its earnings results before the market opens on Monday, March 20th. Analysts expect the company to announce earnings of $1.00 per share for the quarter. Investors that wish to register for the company’s conference call can do so using this link.
PDD Price Performance
Shares of PDD opened at $91.94 on Friday. The company has a debt-to-equity ratio of 0.15, a current ratio of 2.27 and a quick ratio of 2.27. The business’s 50 day simple moving average is $93.46 and its 200-day simple moving average is $78.15. PDD has a one year low of $31.01 and a one year high of $106.38.
Hedge Funds Weigh In On PDD
A number of large investors have recently modified their holdings of PDD. Captrust Financial Advisors boosted its stake in shares of PDD by 108.5% during the 1st quarter. Captrust Financial Advisors now owns 636 shares of the company’s stock worth $26,000 after buying an additional 331 shares during the last quarter. Altshuler Shaham Ltd acquired a new stake in PDD in the 4th quarter valued at about $43,000. Wahed Invest LLC acquired a new stake in PDD in the 1st quarter valued at about $70,000. Advisor Group Holdings Inc. lifted its stake in PDD by 100.2% in the 1st quarter. Advisor Group Holdings Inc. now owns 3,741 shares of the company’s stock valued at $152,000 after purchasing an additional 1,872 shares during the last quarter. Finally, STF Management LP acquired a new stake in PDD in the 4th quarter valued at about $256,000. 24.24% of the stock is currently owned by institutional investors and hedge funds.
Analyst Ratings Changes
PDD Company Profile
PDD Holdings, Inc is a commerce group that owns and operates a portfolio of businesses, including Pinduoduo, a social commerce platform in China with agriculture as one of its pillars, and Temu, an e-commerce marketplace in North America. The company aims to bring more businesses and people into the digital economy so that local communities and small businesses can benefit from increased productivity and new opportunities.
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