PDD Holdings Inc. (PDD)
| Market Cap | 169.46B |
| Revenue (ttm) | 34.93B |
| Net Income (ttm) | 8.47B |
| Shares Out | 1.33B |
| EPS (ttm) | 5.68 |
| PE Ratio | 22.46 |
| Forward PE | 13.26 |
| Dividend | n/a |
| Ex-Dividend Date | n/a |
| Volume | 6,520,983 |
| Open | 128.33 |
| Previous Close | 128.02 |
| Day's Range | 126.07 - 130.29 |
| 52-Week Range | 59.67 - 152.99 |
| Beta | 0.68 |
| Analysts | Strong Buy |
| Price Target | 159.89 (+25.36%) |
| Earnings Date | May 24, 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 $159.89, which is an increase of 25.36% from the latest price.
News
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
Temu Parent PDD Surges on Q4 Earnings Beat
American depositary receipts (ADRs) of PDD Holdings (PDD), the parent company of a number of companies including online discount retailer Temu, rose Wednesday morning following a strong fourth-quarter...
PDD stock price: Pinduoduo and Temu are firing on all cylinders
PDD Holdings (NASDAQ: PDD) stock price was one of the best performers in Wall Street after the company published strong financial results. It surged from Tuesday's close of $130 to almost $150, its hi...
PDD Stock Soars After Temu Parent Notches Massive Earnings and Revenue Beat
The owner of online retailer Temu reports fourth-quarter earnings of $2.41 a share on revenue of $12.4 billion, well ahead of Wall Street expectations.
Temu parent PDD's stock soars after profit jumps well above expectations, as consumer sentiment improves
The U.S.-listed shares of PDD Holdings Inc. PDD, -0.80% powered up 10.7% in premarket trading Wednesday, after the China-based e-commerce company and parent of fast-fashion platform Temu reported four...
Low-cost e-commerce giant PDD Holdings beats quarterly revenue estimates
PDD Holdings , which operates low-cost e-commerce marketplaces in China and internationally, beat Wall Street estimates for fourth-quarter revenue on Wednesday, driven by robust user growth and sales ...
PDD Holdings Announces Fourth Quarter 2023 and Fiscal Year 2023 Unaudited Financial Results
DUBLIN and SHANGHAI, March 20, 2024 (GLOBE NEWSWIRE) -- PDD Holdings Inc. (“PDD Holdings” or the “Company”) (NASDAQ: PDD), today announced its unaudited financial results for the fourth quarter ended ...
China: Stocks to consider as the economy rebounds
As concerns over China's economic trajectory linger, there are signs that a gradual recovery may be underway. KraneShares CIO Brendan Ahern joins Yahoo Finance Live to discuss the outlook for the Chin...
PDD Holdings to Report Fourth Quarter and Fiscal Year 2023 Unaudited Financial Results on March 20, 2024
DUBLIN and SHANGHAI, March 13, 2024 (GLOBE NEWSWIRE) -- PDD Holdings Inc. (“PDD Holdings” or the “Company”) (NASDAQ: PDD) today announced that it will report its unaudited financial results for the fo...
Pinduoduo ($PDD) loses spot on Goldman Sachs' conviction list
Goldman Sachs removed PDD Holdings Inc (NASDAQ: PDD) from its “conviction list” on Monday. Shares of the online retailer are still in the green at writing.
Temu Owner PDD's Stock Jumps After Analyst Upgrade. How Shares Could Rise 80%.
PDD stock has slipped lower so far this year but Jefferies sees the shares as poised for a rally.
Chinese shopping app Temu spent $2B on Facebook, Instagram ads: report
Temu was also among the five biggest spenders of advertisement on Google, The Wall Street Journal reported.
These tech stocks are dragging the Invesco QQQ ETF in 2024
The Invesco QQQ ETF continued its strong comeback this week as it jumped to its highest point on record. It has jumped by over 8.7% in 2024 and by 50% in the past 12 months, adding trillions of value.
Temu is the biggest advertiser on Meta. What could go wrong?
Temu spends tons on advertising — reportedly nearly $2 billion last year on Facebook and Instagram. That's great for Meta, where Temu was the No.
South Korea probes data protection by e-commerce platforms like AliExpress, Temu
South Korea's personal data protection watchdog said on Thursday it is looking into consumer data practices of major overseas shopping platforms, as South Korean use of Chinese e-commerce platforms li...
Temu's Push Into America Pays Off Big Time for Meta and Google
The e-commerce discounter founded in China was the top advertiser by revenue at Meta Platforms last year, and was among the five top-spending advertisers at Google.
Could Temu Displace Amazon?
The U.S. market is closely watching Chinese company Temu as it aggressively pursues global expansion.