PDD (PDD) Projected to Post Earnings on Wednesday

PDD (NASDAQ:PDD) is expected to release its Q1 2025 earnings data before the market opens on Wednesday, May 28th. Analysts expect the company to announce earnings of $2.49 per share and revenue of $103.37 billion for the quarter.

PDD Stock Performance

Shares of PDD stock opened at $117.38 on Wednesday. The business’s 50-day moving average price is $109.82 and its 200-day moving average price is $109.33. PDD has a 12 month low of $87.11 and a 12 month high of $164.69. The firm has a market capitalization of $163.41 billion, a price-to-earnings ratio of 11.46, a PEG ratio of 0.32 and a beta of 0.57. The company has a current ratio of 2.15, a quick ratio of 2.15 and a debt-to-equity ratio of 0.02.

Analyst Ratings Changes

A number of research firms recently commented on PDD. Nomura Securities lowered PDD from a “strong-buy” rating to a “hold” rating in a research note on Friday, March 21st. Benchmark reiterated a “buy” rating and issued a $160.00 target price on shares of PDD in a report on Friday, March 21st. Jefferies Financial Group decreased their price objective on PDD from $171.00 to $156.00 and set a “buy” rating for the company in a report on Thursday, March 20th. JPMorgan Chase & Co. upped their price target on PDD from $105.00 to $125.00 and gave the stock a “neutral” rating in a report on Friday, March 21st. Finally, Nomura reiterated a “neutral” rating and set a $130.00 price target (down previously from $137.00) on shares of PDD in a report on Thursday, March 20th. Four research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $174.00.

Institutional Trading of PDD

A hedge fund recently raised its stake in PDD stock. Intech Investment Management LLC increased its stake in shares of PDD Holdings Inc. (NASDAQ:PDD) by 2.7% during the first quarter, according to its most recent filing with the SEC. The institutional investor owned 14,890 shares of the company’s stock after purchasing an additional 395 shares during the period. Intech Investment Management LLC’s holdings in PDD were worth $1,762,000 as of its most recent SEC filing. 39.83% of the stock is owned by institutional investors and hedge funds.

About 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.