PDD Holdings Inc. (PDD)
| Market Cap | 161.78B |
| Revenue (ttm) | 47.01B |
| Net Income (ttm) | 13.60B |
| Shares Out | 1.39B |
| EPS (ttm) | 9.26 |
| PE Ratio | 12.58 |
| Forward PE | 9.40 |
| Dividend | n/a |
| Ex-Dividend Date | n/a |
| Volume | 12,804,481 |
| Open | 117.50 |
| Previous Close | 117.68 |
| Day's Range | 113.47 - 117.62 |
| 52-Week Range | 88.01 - 164.69 |
| Beta | 0.70 |
| Analysts | Strong Buy |
| Price Target | 182.40 (+56.58%) |
| Earnings Date | Nov 21, 2024 |
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. It focuses on bringing businesses and people into the digital economy. The company was form... [Read more]
Financial Performance
In 2023, PDD Holdings's revenue was 247.64 billion, an increase of 89.68% compared to the previous year's 130.56 billion. Earnings were 60.03 billion, an increase of 90.33%.
Financial numbers in CNY Financial StatementsAnalyst Forecast
According to 10 analysts, the average rating for PDD stock is "Strong Buy." The 12-month stock price forecast is $182.4, which is an increase of 56.58% from the latest price.
News
'DAY OF RECKONING IS COMING': Expert sounds alarm over China stocks on US exchanges
A 'Mornings with Maria' panel asks why the U.S. is funding its opposition as Trump's Cabinet could cause de-listing of China stocks on U.S. exchanges.
PDD Holdings: Strong Buy With An Outsized CAGR Likely Until 2026
PDD offers a 37% CAGR over two years, with a 43.5% margin of safety based on intrinsic valuation. Best suited for short-term allocation amid the anticipated 2027 macro slowdown. Leveraging social e-co...
Michael Burry added to bets on Chinese stocks last quarter — but there's a catch
Michael Burry, the hedge-fund investor made famous by Michael Lewis's book “The Big Short,” upped his bets on Chinese stocks during the third quarter — but he's also making sure to protect his downsid...
Temu Faces Growing Scrutiny As Indonesia And Vietnam Express Concerns
Discount marketplace Temu is facing regulatory challenges over its global expansion into the lucrative Southeast Asian e-commerce market after Indonesia slapped a ban on it trading in the country and ...
PDD Holdings to Report Third Quarter 2024 Unaudited Financial Results on November 21, 2024
DUBLIN and SHANGHAI, Nov. 14, 2024 (GLOBE NEWSWIRE) -- PDD Holdings Inc. (“PDD Holdings” or the “Company”) (NASDAQ: PDD) today announced that it will report its unaudited financial results for the thi...
Vietnam says Temu, Shein must register with govt or be blocked in country
The Vietnamese government said it will block the internet domains and apps of Chinese online retailers Shein and Temu in the country if they have not registered their operations with the trade ministr...
China ETFs, Stocks Slump on Disappointing Stimulus Plan
China-focused exchange-traded funds (ETFs) and stocks of Chinese companies listed on U.S. exchanges are falling in premarket trading Friday, after Beiing's latest stimulus package aimed at boosting th...
Founder Of Chinese E-Commerce Giant PDD Holdings Rides Out Wealth Swings
This story is part of Forbes' coverage of China's Richest 2024. See the full list here.
Temu considers joining Amazon and Nike in EU anti-counterfeit network
Chinese online retailer Temu is considering joining a group of ecommerce platforms and brands that collaborate to prevent the sale of fake products online in Europe, according to a meeting agenda seen...
EU launches investigation into Temu over illegal product sales
The European Union (EU) has launched an official investigation into Temu, the e-commerce platform run by Chinese-owned PDD Holdings Inc., over allegations that it has failed to prevent the sale of ill...
PDD Holdings: Brand Migration Driving Long-Term GMV Growth
PDD Holdings' growing attraction for brands like H&M and the potential onboarding of Sam's Club enhances its platform stickiness and drives higher GMV share growth. We raise PDD's valuation to $230/sh...
'I worry about the longevity of this rally': China expert David Riedel warning to investors
David Riedel, Riedel Research President & Founder, joins 'Fast Money' to talk the impact of Chinese stimulus on markets.
China Renaissance says investors should maintain their weightings in Chinese stocks
Andy Maynard, managing director and head of equities at China Renaissance, is "very, very confident that we will perform, but it's just going to be medium term as opposed to short term."
PDD: Shop Until You Drop
PDD Holdings is undervalued, with a target price of $200/share, implying a 30% upside from current levels. PDD's domestic market strength, undervaluation of Temu, and underestimated global expansion p...
CIO: Hold tactical allocation in Chinese stocks until housing market stabilizes
Stefan Hofer from LGT Bank Asia says resolving the supply glut in the Chinese housing market is a key signal for investors to be structurally long Chinese stocks.
This Major Sell-Off in Chinese Stocks Could Be Your Buy Signal
The market's price action and attention are making a new shift this quarter. For most of 2024, everyone wanted to find the next best thing in the United States technology sector, as the semiconductor ...
SHAREHOLDER ACTION REMINDER: Faruqi & Faruqi, LLP Investigates Claims on Behalf of Investors of PDD Holdings f/k/a Pinduoduo
Faruqi & Faruqi, LLP Securities Litigation Partner James (Josh) Wilson Encourages Investors Who Suffered Losses Exceeding $100,000 In PDD To Contact Him Directly To Discuss Their Options If you suffer...
The Schall Law Firm Encourages Investor Participation In A Securities Fraud Case Against PDD Holdings Inc
LOS ANGELES, CA / ACCESSWIRE / October 14, 2024 / The Schall Law Firm, a national shareholder rights litigation firm, reminds investors of a class action lawsuit against PDD Holdings Inc. f/k/a Pinduo...
PDD Holdings, Inc. Sued for Securities Law Violations - Contact the DJS Law Group to Discuss Your Rights - PDD
LOS ANGELES , Oct. 14, 2024 /PRNewswire/ -- The DJS Law Group reminds investors of a class action lawsuit against CAE, Inc. ("PDD Holdings" or "the Company") (NASDAQ: PDD) for violations of §§10(b) an...
Chinese stocks see mixed reaction to stimulus press conference
Chinese stocks had a mixed reaction Monday to a press conference over the weekend where officials promised further action but didn't deliver a clear number on how much the country would spend in doing...
Chinese stocks rebound amid fiscal support hopes, ending morning session higher
Chinese stocks concluded a turbulent morning session on a positive note, buoyed by investor optimism regarding potential fiscal support measures announced by the finance ministry over the weekend. As ...
PDD Holdings Inc. Is Being Sued For Violating Securities Laws And Affected Shareholders Are Urged To Reach Out To The Schall Law Firm
LOS ANGELES, CA / ACCESSWIRE / October 13, 2024 / The Schall Law Firm, a national shareholder rights litigation firm, reminds investors of a class action lawsuit against PDD Holdings Inc. f/k/a Pinduo...
Temu gets more questions from the EU about illegal product risks
The European Union has dialed up scrutiny of Chinese ecommerce marketplace Temu, asking for more information about its compliance with multiple provisions of the bloc's online governance framework, th...