PDD Holdings Inc. Sponsored ADR (NASDAQ:PDD) Given Average Rating of “Moderate Buy” by Analysts

Shares of PDD Holdings Inc. Sponsored ADR (NASDAQ:PDD) have earned an average recommendation of “Moderate Buy” from the fourteen analysts that are currently covering the stock, Marketbeat reports. Seven equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $131.3333.

PDD has been the subject of several recent research reports. Barclays downgraded PDD from an “overweight” rating to an “equal weight” rating and lowered their price objective for the company from $165.00 to $89.00 in a research note on Thursday, May 28th. Sanford C. Bernstein decreased their price target on shares of PDD from $132.00 to $110.00 and set a “market perform” rating for the company in a research report on Wednesday, May 27th. Citigroup decreased their price target on shares of PDD from $142.00 to $123.00 and set a “buy” rating for the company in a research report on Wednesday, May 27th. Arete Research upgraded PDD from a “neutral” rating to a “buy” rating and set a $121.00 target price on the stock in a report on Friday, April 17th. Finally, Nomura cut PDD from a “strong-buy” rating to a “hold” rating in a report on Thursday, May 28th.

PDD Price Performance

PDD stock opened at $81.56 on Friday. The company has a 50 day simple moving average of $95.33 and a 200 day simple moving average of $103.40. The stock has a market cap of $116.09 billion, a price-to-earnings ratio of 8.81, a P/E/G ratio of 0.85 and a beta of -0.02. PDD has a 1 year low of $78.87 and a 1 year high of $139.41.

PDD (NASDAQ:PDD) last issued its earnings results on Wednesday, May 27th. The company reported $1.38 earnings per share for the quarter, missing analysts’ consensus estimates of $2.40 by ($1.02). The company had revenue of $15.41 billion during the quarter, compared to analyst estimates of $15.92 billion. PDD had a net margin of 21.86% and a return on equity of 24.32%. The business’s quarterly revenue was up 11.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.57 EPS. On average, equities research analysts anticipate that PDD will post 9.92 EPS for the current fiscal year.

Key Headlines Impacting PDD

Here are the key news stories impacting PDD this week:

• Negative Sentiment: Analysts have turned more cautious on PDD, with one report saying the stock’s modeled fair value was cut from US$148.52 to US$119.85, reflecting worries about heavier investment, softer monetization, and slower order growth. PDD Holdings (PDD) Stock Fair Value Falls After Analysts Cut Targets On Q1 Concerns
• Negative Sentiment: Multiple law firms are continuing securities fraud investigations into PDD Holdings, keeping legal and headline risk elevated for shareholders. Securities Fraud Investigation Into PDD Holdings Inc. (PDD) Continues
• Negative Sentiment: Another legal notice from Frank R. Cruz’s law firm said it is still investigating PDD, adding to concerns about possible federal securities-law violations. Securities Fraud Investigation Into PDD Holdings Inc. (PDD) Continues
• Neutral Sentiment: PDD is drawing unusual investor attention, with Zacks noting heavy web searches and option-market activity, which can signal rising speculation but does not by itself confirm a fundamental change. Investors Heavily Search PDD Holdings Inc. Sponsored ADR (PDD): Here is What You Need to Know
• Neutral Sentiment: Options-trading activity has also picked up around PDD, suggesting traders are positioning for a larger move, but the direction remains unclear. Do Options Traders Know Something About PDD Holdings Stock We Don’t?

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Advisory Services Network LLC raised its holdings in PDD by 0.7% during the 3rd quarter. Advisory Services Network LLC now owns 15,458 shares of the company’s stock valued at $2,043,000 after acquiring an additional 102 shares during the period. West Family Investments Inc. raised its holdings in PDD by 2.8% during the 3rd quarter. West Family Investments Inc. now owns 4,026 shares of the company’s stock valued at $532,000 after acquiring an additional 110 shares during the period. Wealthfront Advisers LLC grew its stake in PDD by 3.6% during the first quarter. Wealthfront Advisers LLC now owns 3,609 shares of the company’s stock valued at $369,000 after acquiring an additional 127 shares in the last quarter. Range Financial Group LLC grew its stake in PDD by 3.8% during the fourth quarter. Range Financial Group LLC now owns 3,620 shares of the company’s stock valued at $410,000 after acquiring an additional 131 shares in the last quarter. Finally, NewEdge Advisors LLC grew its stake in PDD by 2.9% during the first quarter. NewEdge Advisors LLC now owns 4,677 shares of the company’s stock valued at $478,000 after acquiring an additional 134 shares in the last quarter. 39.83% of the stock is owned by institutional investors and hedge funds.

PDD Company Profile

PDD (NASDAQ: PDD) is the holding company best known for operating Pinduoduo, a China-based, mobile-first e-commerce platform that emphasizes interactive, social shopping and group-buying mechanics to drive user engagement and low prices. Founded in 2015 by entrepreneur Colin Huang, the business has grown by connecting consumers directly with merchants and manufacturers, with particular emphasis on value-oriented goods and fresh agricultural produce. The company is based in Shanghai and completed a U.S.