In yesterday’s Wall Street session, PDD Holdings Inc ADR (NASDAQ:PDD) shares traded at $113.49, down -0.18% from the previous session.
PDD stock price is now -7.49% away from the 50-day moving average and 0.30% away from the 200-day moving average. The market capitalization of the company currently stands at $150.78B.
With the price target enhanced from $117 to $157, Jefferies Upgraded its rating from Hold to Buy for PDD Holdings Inc ADR (NASDAQ: PDD). On March 11, 2024, Goldman Downgraded its previous ‘Buy’ rating to ‘Neutral’ on the stock keeping its target price maintained at $136, while ‘UBS’ rates the stock as ‘Buy’
A total of 2.18% of the company’s stock is owned by insiders.
During the past 12 months, PDD Holdings Inc ADR has had a low of $59.67 and a high of $152.99. As of last week, the company has a debt-to-equity ratio of 0.05, a current ratio of 1.93, and a quick ratio of 1.83.
The net profit margin was 24.22% and return on equity was 38.83% for PDD. The company reported revenue of $9.44 billion for the quarter, compared to $4.99 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 89.04 percent.
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.
