In the last trading session, 9.55 million PDD Holdings Inc ADR (NASDAQ:PDD) shares changed hands as the company’s beta touched 0.66. With the company’s per share price at $120.10 changed hands at $0.23 or 0.19% during last session, the market valuation stood at $159.56B. PDD’s last price was a discount, traded about -27.39% off its 52-week high of $152.99. The share price had its 52-week low at $59.67, which suggests the last value was 50.32% up since then. When we look at PDD Holdings Inc ADR’s average trading volume, we note the 10-day average is 15.26 million shares, with the 3-month average coming to 8.53 million.
PDD Holdings Inc ADR (NASDAQ:PDD) trade information
Instantly PDD was in green as seen at the end of in last trading. With action -5.94%, the performance over the past five days has been red. The jump to weekly highs of 148.30 added 0.19% to the stock’s daily price. The company’s shares are showing year-to-date downside of -17.91%, with the 5-day performance at -5.94% in the red. However, in the 30-day time frame, PDD Holdings Inc ADR (NASDAQ:PDD) is -5.04% down. Looking at the short shares, we see there were 23.3 million shares sold at short interest cover period of 2.97 days.
PDD Holdings Inc ADR (PDD) estimates and forecasts
Data shows that the PDD Holdings Inc ADR share is performing relatively much better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot 24.21% over the past 6 months, a 29.12% in annual growth rate that is considerably higher than the industry average of 13.90%. Moreover, analysts have looked to higher expectations by upgrading its fiscal year 2024 revenue estimates. The rating firms predict current quarter revenue for PDD Holdings Inc ADR will rise 41.20%, while the growth in revenue is estimated to hit 37.70% for the next quarter. Year-over-year growth is forecast to reach 48.70% up from the last financial year.
Consensus estimates given by 15 financial analysts project the company’s revenue in the current quarter to hit an average of $10.43 billion. 13 analysts are of the opinion that PDD Holdings Inc ADR’s revenue for the quarter ending Jun 2024 will be $12.53 billion. The company’s revenue for the corresponding quarters a year ago was $4.45 billion and $5.97 billion respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at 134.50%. The estimates for the next quarter sales put growth at 109.90%.
The 2024 estimates are for PDD Holdings Inc ADR earnings to increase by 33.23%, but the outlook for the next 5-year period is at 26.59% per year.
PDD Dividends
PDD Holdings Inc ADR is expected to release its next quarterly earnings report between May 24 and May 28.
PDD Holdings Inc ADR (NASDAQ:PDD)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 0.00% of PDD Holdings Inc ADR shares while 31.66% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 31.66%. There are 31.66% institutions holding the PDD Holdings Inc ADR stock share, with Baillie Gifford and Company the top institutional holder. As of Jun 29, 2023, the company held 2.28% of the shares, roughly 31.17 million PDD shares worth $2.15 billion.
Blackrock Inc. holds the second largest percentage of outstanding shares, with 1.76% or 24.14 million shares worth $1.67 billion as of Jun 29, 2023.
Among Mutual Funds, the top two as of Aug 30, 2023 were Invesco ETF Tr-Invesco QQQ Tr, Series 1 ETF and Vanguard International Stock Index-Emerging Markets Stk. With 10.35 million shares estimated at $1.02 billion under it, the former controlled 0.76% of total outstanding shares. On the other hand, Vanguard International Stock Index-Emerging Markets Stk held about 0.44% of the shares, roughly 6.04 million shares worth around $542.2 million.
