Shares of PDD Holdings Inc. (NASDAQ:PDD – Get Free Report) noticed robust buying and selling quantity on Thursday . 17,372,038 shares have been traded throughout buying and selling, a rise of 77% from the earlier session’s quantity of 9,813,876 shares.The inventory final traded at $124.94 and had beforehand closed at $113.94.
Analysts Set New Worth Targets
Quite a few equities analysts not too long ago weighed in on the inventory. Financial institution of America lowered their goal worth on shares of PDD from $206.00 to $170.00 and set a “purchase” score for the corporate in a analysis observe on Tuesday, August twenty seventh. Sanford C. Bernstein lowered their goal worth on shares of PDD from $235.00 to $170.00 and set an “outperform” score for the corporate in a analysis observe on Tuesday, August twenty seventh. Nomura Securities raised shares of PDD to a “strong-buy” score in a analysis observe on Tuesday, August twenty seventh. Benchmark lowered their goal worth on shares of PDD from $230.00 to $185.00 and set a “purchase” score for the corporate in a analysis observe on Tuesday, August twenty seventh. Lastly, Barclays decreased their worth goal on shares of PDD from $224.00 to $158.00 and set an “obese” score for the corporate in a analysis observe on Tuesday, August twenty seventh. Two analysis analysts have rated the inventory with a maintain score, eight have given a purchase score and two have assigned a robust purchase score to the inventory. In response to information from MarketBeat, the corporate presently has a consensus score of “Purchase” and a consensus worth goal of $177.78.
View Our Newest Analysis Report on PDD
PDD Buying and selling Up 13.1 %
The corporate has a fast ratio of two.11, a present ratio of two.11 and a debt-to-equity ratio of 0.02. The agency’s 50-day shifting common worth is $118.46 and its 200 day shifting common worth is $128.35. The corporate has a market capitalization of $177.29 billion, a P/E ratio of 16.44, a P/E/G ratio of 0.25 and a beta of 0.69.
PDD (NASDAQ:PDD – Get Free Report) final posted its earnings outcomes on Monday, August twenty sixth. The corporate reported $23.24 EPS for the quarter, topping the consensus estimate of $2.66 by $20.58. The corporate had income of $97.06 billion in the course of the quarter, in comparison with the consensus estimate of $100.17 billion. PDD had a internet margin of 28.92% and a return on fairness of 48.14%. The agency’s income for the quarter was up 85.7% on a year-over-year foundation. Throughout the identical interval within the earlier 12 months, the agency posted $1.27 earnings per share. As a gaggle, equities analysis analysts predict that PDD Holdings Inc. will put up 11.05 earnings per share for the present 12 months.
Institutional Traders Weigh In On PDD
Hedge funds and different institutional buyers have not too long ago made modifications to their positions within the enterprise. Hhlr Advisors LTD. boosted its holdings in PDD by 37.5% in the course of the fourth quarter. Hhlr Advisors LTD. now owns 10,110,947 shares of the corporate’s inventory value $1,479,333,000 after buying an extra 2,760,100 shares over the past quarter. Acadian Asset Administration LLC boosted its holdings in PDD by 107.8% in the course of the second quarter. Acadian Asset Administration LLC now owns 3,670,799 shares of the corporate’s inventory value $487,984,000 after buying an extra 1,904,155 shares over the past quarter. Tairen Capital Ltd boosted its holdings in PDD by 49.8% in the course of the second quarter. Tairen Capital Ltd now owns 5,378,376 shares of the corporate’s inventory value $715,055,000 after buying an extra 1,788,076 shares over the past quarter. Dragoneer Funding Group LLC boosted its holdings in PDD by 142.6% in the course of the second quarter. Dragoneer Funding Group LLC now owns 2,620,838 shares of the corporate’s inventory value $348,440,000 after buying an extra 1,540,346 shares over the past quarter. Lastly, Renaissance Applied sciences LLC bought a brand new place in PDD in the course of the second quarter value about $176,332,000. 29.07% of the inventory is owned by institutional buyers.
PDD Firm Profile
PDD Holdings Inc, a multinational commerce group, owns and operates a portfolio of companies. It operates Pinduoduo, an e-commerce platform that gives merchandise in varied classes, together with agricultural produce, attire, sneakers, baggage, mom and childcare merchandise, meals and beverage, digital home equipment, furnishings and family items, cosmetics and different private care, sports activities and health objects and auto equipment; and Temu, a web based market.
Additional Studying
Obtain Information & Scores for PDD Each day – Enter your e-mail handle beneath to obtain a concise each day abstract of the most recent information and analysts’ rankings for PDD and associated firms with MarketBeat.com’s FREE each day e-mail e-newsletter.
