PDD Holdings Inc. Sponsored ADR (NASDAQ:PDD) Stock Rated “Hold” by Sell-Side Brokerages

Shares of PDD Holdings Inc. Sponsored ADR (NASDAQ:PDD) have been assigned an average rating of “Hold” from the sixteen ratings firms that are covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, ten have issued a hold rating and five have given a buy rating to the company. The average twelve-month target price among analysts that have covered the stock in the last year is $113.31.

A number of research firms recently weighed in on PDD. Deutsche Bank Aktiengesellschaft restated a “hold” rating and issued a $105.00 price target on shares of PDD in a research note on Monday, August 24th. Daiwa Securities Group reaffirmed a “hold” rating and set a $80.00 target price on shares of PDD in a report on Tuesday, June 23rd. Benchmark decreased their price target on shares of PDD from $127.00 to $114.00 and set a “buy” rating on the stock in a research note on Tuesday, August 25th. JPMorgan Chase & Co. lowered their price target on shares of PDD from $110.00 to $95.00 and set a “neutral” rating on the stock in a report on Thursday, September 10th. Finally, BNP Paribas Exane assumed coverage on shares of PDD in a research report on Monday, June 15th. They set an “underperform” rating and a $89.00 price objective for the company.

Institutional Investors Weigh In On PDD

A number of large investors have recently added to or reduced their stakes in the stock. Grove Bank & Trust bought a new position in shares of PDD in the second quarter worth approximately $38,000. Integrated Wealth Concepts LLC bought a new stake in PDD during the 2nd quarter valued at $52,000. Ramsey Quantitative Systems purchased a new stake in PDD during the 2nd quarter valued at $53,000. FNY Investment Advisers LLC boosted its position in PDD by 166.7% during the 2nd quarter. FNY Investment Advisers LLC now owns 1,600 shares of the company’s stock valued at $122,000 after buying an additional 1,000 shares during the period. Finally, Sankala Group LLC bought a new stake in PDD in the 4th quarter worth $131,000. Institutional investors and hedge funds own 39.83% of the company’s stock.

PDD Price Performance

Shares of NASDAQ PDD opened at $77.57 on Monday. The stock has a market capitalization of $110.41 billion, a price-to-earnings ratio of 8.54, a PEG ratio of 0.60 and a beta of -0.01. The business has a 50-day moving average of $84.45 and a 200-day moving average of $89.77. PDD has a fifty-two week low of $71.94 and a fifty-two week high of $139.41.

PDD (NASDAQ:PDD) last released its earnings results on Friday, August 14th. The company reported $2.84 earnings per share for the quarter. PDD had a net margin of 20.73% and a return on equity of 22.29%. The business had revenue of $16.54 billion during the quarter. On average, sell-side analysts expect that PDD will post 10.39 EPS for the current year.

About PDD

PDD Holdings Inc is a multinational commerce group that operates technology platforms connecting consumers, merchants, producers and suppliers. The company’s businesses focus on online retail, agricultural commerce and value-oriented shopping experiences, using interactive features, data and consumer demand to support transactions and product discovery.

Its flagship platform, Pinduoduo, serves consumers in China and offers a broad selection of products, including agricultural goods, groceries, household items, apparel, electronics and other consumer merchandise.