PDD Holdings Inc. (PDD)
| Market Cap | 177.87B |
| Revenue (ttm) | 41.22B |
| Net Income (ttm) | 11.10B |
| Shares Out | 1.33B |
| EPS (ttm) | 7.51 |
| PE Ratio | 17.73 |
| Forward PE | 13.26 |
| Dividend | n/a |
| Ex-Dividend Date | n/a |
| Volume | 3,217,062 |
| Open | 132.26 |
| Previous Close | 132.98 |
| Day's Range | 131.35 - 134.11 |
| 52-Week Range | 67.55 - 164.69 |
| Beta | 0.63 |
| Analysts | Strong Buy |
| Price Target | 211.11 (+57.69%) |
| Earnings Date | May 22, 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 9 analysts, the average rating for PDD stock is "Strong Buy." The 12-month stock price forecast is $211.11, which is an increase of 57.69% from the latest price.
News
3 Mega Cap Stock Bargains As Markets Hit All-Time Highs
As markets continue to reach new all-time highs, investors are constantly seeking opportunities that offer both stability and growth potential. With the S&P 500 and Nasdaq recently hitting new all-tim...
Second-Largest U.S. Pension Bought Temu Parent PDD Stock, Sold American Airlines
California State Teachers' Retirement System bought more shares of PDD Holdings, Discover Financial, and Williams-Sonoma, and sold American Airlines stock.
How Temu parent PDD dethroned Alibaba to become China's most valuable e-commerce company
PDD's value-for-money positioning and growth of its Temu marketplace has helped the tech giant lead China's e-commerce arena, analysts said. PDD, which also owns Chinese discount shopping app Pinduodu...
PDD, CGRO: U.S. vs China Stocks
PDD Holdings (PDD) hit a new 3-year high today. Ben Harburg discusses this, as well as the expectations for Chinese equities.
PDD Holdings stock has surged but faces a mountain of risks
PDD Holdings (NASDAQ: PDD) stock price is doing well as investors cheer its strong performance. It has surged by over 130% in the past 12 months and by 620% in the past five years, giving it a market ...
PDD Holdings (PDD) Posts Big Earnings Beat
PDD Holdings (PDD) posts big earnings beat. Its 1Q adjusted EPS came in at $2.83 versus an estimated $1.60 and its revenue came in at $12.02B versus an estimated $10.42B.
Temu Parent PDD Holdings Jumps As Q1 Earnings Blow Past Expectations
Chinese e-commerce company PDD Holdings (PDD), which owns the discount marketplace Temu, saw its American depositary receipts (ADRs) surge after the opening bell Wednesday following a first-quarter ea...
Temu parent PDD beats big on earnings — but doesn't take a victory lap
Temu-parent PDD Holdings Inc. saw its first-quarter revenue more than double and come in far ahead of the consensus view.
Temu Owner PDD Crushed Earnings Estimates. The Stock Is Roaring Back.
Budget online retailer PDD comfortably beat earnings and revenue estimates in the first quarter as Chinese and global consumers continued to flock to its discount e-commerce platforms
Temu-operator PDD Holdings beats first-quarter revenue estimates
PDD Holdings beat first-quarter revenue estimates on Wednesday, powered by strong adoption of its international shopping site, Temu, and as Chinese domestic discount e-commerce platform Pinduoduo attr...
PDD Holdings Announces First Quarter 2024 Unaudited Financial Results
DUBLIN and SHANGHAI, May 22, 2024 (GLOBE NEWSWIRE) -- PDD Holdings Inc. (“PDD Holdings” or the “Company”) (NASDAQ: PDD), today announced its unaudited financial results for the first quarter ended Mar...
Temu moves closer to Brazil debut with approval for tax benefit
Chinese e-commerce retailer Temu has been certified for a tax benefit program by Brazil's government that exempts goods up to $50 from import fees, according to the country's federal revenue office's ...
PDD Holdings to Report First Quarter 2024 Unaudited Financial Results on May 22, 2024
DUBLIN and SHANGHAI, May 15, 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 firs...
PDD, Intel, Arm, Microsoft, and Other Tech Stocks in Focus Today
A number of tech stocks outperformed early Monday, leading the way higher at the start of a week that will see inflation data roll in.
China stocks stage comeback: Here's what you need to know
CNBC's Deirdre Bosa reports on news from China.
PDD Holdings Files Annual Report on Form 20-F for Fiscal Year 2023
DUBLIN and SHANGHAI, April 25, 2024 (GLOBE NEWSWIRE) -- PDD Holdings Inc. (“PDD Holdings” or the “Company”) (NASDAQ: PDD) today announced that it filed its annual report on Form 20-F for the fiscal ye...
Lawmaker demands FTC probe Temu parent company over alleged CCP ties
Republican Congressman Brian Mast of Florida on Tuesday sent a letter to the FTC urging the commission to probe Chinese e-commerce site Temu's alleged CCP ties.
Temu likely to face tougher online content rules as EU users soar
PDD Group's fast-fashion e-commerce retailer Temu is likely to be subject to tough EU online content rules that already apply to Meta Platforms , Google , Elon Musk's X and TikTok after its average mo...
The Bullish Case for PDD
What do FedEx (FDX) earnings mean for PDD's (PDD) outlook? Tony Zhang discusses this and the bullish case for PDD.
Ex-Workers at Temu Parent Say Noncompete Penalties Crush Their Finances
Temu parent PDD enforces a culture of corporate secrecy by suing some former employees.
Alibaba and Other Chinese Stocks Slide as ‘Uneven' Economic Recovery Laid Bare
Chinese industrial activity shows encouraging signs, but sustainable economic growth needs a recovery in the beaten-down property sector.
Amazon more worried about Chinese rivals Temu, Shein than Walmart, Target: report
Amazon is developing promotions to tout its reliability and fast delivery as it faces new competition from Chinese companies.
PDD Holdings Revenue Doubles as Consumers Seek ‘Value for Money'
PDD Holdings, the multinational commerce group that owns and operates shopping platforms Pinduoduo and Temu, saw its revenue double year-over-year as consumers sought “value for money.” The company's ...
Temu sales drive PDD earnings rally
PDD shares rallied on Wednesday after a strong earnings report driven by Temu sales, moving the stock to its highest price of 2024. #stocks #temu #pdd #chinastocks #investing