PDD Holdings Inc ADR (NASDAQ:PDD) has a beta value of 0.68 and has seen 9.4 million shares traded in the recent trading session. The company, currently valued at $150.92B, closed the recent trade at $108.67 per share which meant it gained $6.37 on the day or 6.23% during that session. The PDD stock price is -51.55% off its 52-week high price of $164.69 and 19.01% above the 52-week low of $88.01. If we look at the company’s 10-day average daily trading volume, we find that it stood at 9.48 million shares traded. The 3-month trading volume is 11.10 million shares.
The consensus among analysts is that PDD Holdings Inc ADR (PDD) is Buy stock at the moment, with a recommendation rating of 1.32. 0 analysts rate the stock as a Sell, while 0 rate it as Overweight. 1 out of 16 have rated it as a Hold, with 15 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is 2.78.
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PDD Holdings Inc ADR (NASDAQ:PDD) trade information
Sporting 6.23% in the green today, the stock has traded in the green over the last five days, with the highest price hit on recent trading when the PDD stock price touched $108.67 or saw a rise of 1.22%. Year-to-date, PDD Holdings Inc ADR shares have moved -25.73%, while the 5-day performance has seen it change 10.46%. Over the past 30 days, the shares of PDD Holdings Inc ADR (NASDAQ:PDD) have changed -22.31%. Short interest in the company has seen 33.78 million shares shorted with days to cover at 2.04.
Wall Street analysts have a consensus price target for the stock at $170, which means that the shares’ value could jump 36.08% from the levels at last check today. The projected low price target is $80.0 while the price target rests at a high of $248.0. In that case, then, we find that the latest price level in today’s session is -128.21% off the targeted high while a plunge would see the stock lose 26.38% from the levels at last check today.
PDD Holdings Inc ADR (PDD) estimates and forecasts
Figures show that PDD Holdings Inc ADR shares have outperformed across the wider relevant industry. The company’s shares have lost -9.34% over the past 6 months, with this year growth rate of 82.16%, compared to 0.50% for the industry. Revenue growth from the last financial year stood is estimated to be 64.60%.
17 analysts offering their estimates for the company have set an average revenue estimate of 14.41B for the current quarter. 15 have an estimated revenue figure of 16.69B for the next ending quarter. Year-ago sales stood 9.66B and 12.51B respectively for this quarter and the next, and analysts expect sales will grow by 49.10% for the current quarter and 64.60% for the next.
Earnings growth for 2024 is a modest 83.77% while over the next 5 years, the company’s earnings are expected to increase by 29.22%.
PDD Dividends
PDD Holdings Inc ADR is expected to release its next earnings report on 2024-Nov-26 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.
PDD Holdings Inc ADR (NASDAQ:PDD)’s Major holders
The top two institutional holders are BAILLIE GIFFORD & CO with over 35.13 million shares worth more than $4.67 billion. As of 2024-06-30, BAILLIE GIFFORD & CO held 2.5503% of shares outstanding.
The other major institutional holder is BLACKROCK INC., with the holding of over 29.12 million shares as of 2024-06-30. The firm’s total holdings are worth over $3.87 billion and represent 2.1138% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are Invesco ETF Tr-Invesco QQQ Tr, Series 1 ETF and Vanguard International Stock Index-Total Intl Stock Indx. As of Aug 31, 2024, the former fund manager holds about 0.93% shares in the company for having 12.89 shares of worth $1.41 billion while later fund manager owns 8.35 shares of worth $915.78 million as of Apr 30, 2024, which makes it owner of about 0.60% of company’s outstanding stock.
