PDD Holdings Inc ADR (NASDAQ:PDD) shares traded -1.24% lower at $102.78 on Wall Street last session.
In accordance with the data, 45 analysts cover PDD Holdings Inc ADR (NASDAQ:PDD). The consensus rating among analysts is ‘Buy’. As we calculate the median target price by taking the range between a high of $1159.38 and a low of $576.04, we find $873.61. Given the previous closing price of $104.07, this indicates a potential upside of 739.44 percent. PDD stock price is now 8.54% away from the 50-day moving average and 23.35% away from the 200-day moving average. The market capitalization of the company currently stands at $136.55B.
It has been rated a hold by 3 analysts and a buy by 36. Brokers who have rated the stock have averaged $882.57 as their price target over the next twelve months.
With the price target enhanced from $99 to $129, Goldman Upgraded its rating from Neutral to Buy for PDD Holdings Inc ADR (NASDAQ: PDD).
A total of 1.28% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in PDD stock. A new stake in PDD Holdings Inc ADR shares was purchased by DRAGONEER INVESTMENT GROUP, LLC during the first quarter worth $266,995,000. FIRST BEIJING INVESTMENT LTD invested $213,197,000 in shares of PDD during the first quarter. In the first quarter, NEWLANDS MANAGEMENT OPERATIONS LLC acquired a new stake in PDD Holdings Inc ADR valued at approximately $200,322,000. FULLERTON FUND MANAGEMENT CO LTD. acquired a new stake in PDD for approximately $114,911,000. APPALOOSA LP purchased a new stake in PDD valued at around $77,085,000 in the second quarter. In total, there are 833 active investors with 25.21% ownership of the company’s stock.
PDD Holdings Inc ADR (NASDAQ: PDD) opened at $103.50 on Friday. During the past 12 months, PDD Holdings Inc ADR has had a low of $38.80 and a high of $111.68. As of last week, the company has a debt-to-equity ratio of 0.13, a current ratio of 1.91, and a quick ratio of 1.91. According to the stock market information, the enterprise value for the company is $114.50B, which is based on a 25.24 price-to-earnings ratio, a 1.18 price-to-earnings-growth ratio, and a beta of 0.63. The fifty day moving average price for PDD is $95.06 and a two-hundred day moving average price translates $83.38 for the stock.
The latest earnings results from PDD Holdings Inc ADR (NASDAQ: PDD) was released for Jun, 2023. According to the Internet Retail Company, earnings per share came in at $1.43, beating analysts’ expectations of $0.99 by 0.44. This compares to $0.93 EPS in the same period last year. The net profit margin was 24.97% and return on equity was 35.28% for PDD. The company reported revenue of $7.21 billion for the quarter, compared to $4.69 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 53.6 percent. For the current quarter, analysts expect PDD to generate $7.35B in revenue.
PDD Holdings Inc ADR(PDD) Company Profile
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.
