In recent trading session, PDD Holdings Inc ADR (NASDAQ:PDD) saw 3.08 million shares changing hands at last check today with its beta currently measuring 0.69. Company’s recent per share price level of $123.00 trading at -$4.4 or -3.45% at last check today assigns it a market valuation of $170.82B. That most recent trading price of PDD’s stock is at a discount of -33.89% from its 52-week high price of $164.69 and is indicating a premium of 28.45% from its 52-week low price of $88.01. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 16.62 million shares which gives us an average trading volume of 15.24 million if we extend that period to 3-months.
For PDD Holdings Inc ADR (PDD), analysts’ consensus is at an average recommendation of Buy while assigning it a mean rating of 1.32. Splitting up the data highlights that, out of 16 analysts covering the stock, 0 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 1 suggested the stock as a Hold whereas 15 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of 2.76 in the current quarter.
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PDD Holdings Inc ADR (NASDAQ:PDD) trade information
Upright in the red during last session for losing -3.45%, in the last five days PDD remained trading in the red while hitting it’s week-highest on Friday, 10/11/24 when the stock touched $123.00 price level, adding 15.39% to its value on the day. PDD Holdings Inc ADR’s shares saw a change of -15.93% in year-to-date performance and have moved -13.12% in past 5-day. PDD Holdings Inc ADR (NASDAQ:PDD) showed a performance of 25.22% in past 30-days. Number of shares sold short was 35.78 million shares which calculate 2.12 days to cover the short interests.
Wall Street analysts have assigned a consensus price target of 170 to the stock, which implies a rise of 27.65% to its recent value today. Analysts have been projecting 80 as a low price target for the stock while placing it at a high target of 248. It follows that stock’s current price would jump 34.96% in reaching the projected high whereas dropping to the targeted low would mean a gain of 34.96% for stock’s current value.
PDD Holdings Inc ADR (PDD) estimates and forecasts
Statistics highlight that PDD Holdings Inc ADR is scoring comparatively higher than the scores of other players of the relevant industry. The company added 8.18% of value to its shares in past 6 months, showing an annual growth rate of 82.16% while that of industry is -2.70. Apart from that, the company came raising its revenue forecast for fiscal year 2024. This year revenue growth is estimated to rise 64.30% from the last financial year’s standing.
17 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of 14.29B for the same. And 15 analysts are in estimates of company making revenue of 16.53B in the next quarter. Company posted 9.66B and 12.51B of sales in current and next quarters respectively a year earlier.
In 2024, company’s earnings growth rate is likely to be around 85.23% while estimates for its earnings growth in next 5 years are of 20.67%.
PDD Holdings Inc ADR (NASDAQ:PDD)’s Major holders
BAILLIE GIFFORD & CO is the top institutional holder at PDD for having 35.13 million shares of worth $4.67 billion. And as of 2024-06-30, it was holding 2.5503 of the company’s outstanding shares.
The second largest institutional holder is BLACKROCK INC., which was holding about 29.12 million shares on 2024-06-30. The number of shares represents firm’s hold over 2.1138 of outstanding shares, having a total worth of $3.87 billion.
On the other hand, Invesco ETF Tr-Invesco QQQ Tr, Series 1 ETF and Vanguard International Stock Index-Total Intl Stock Indx are the top two Mutual Funds which own company’s shares. As of Sep 30, 2024 , the former fund manager was holding 12.96 shares of worth $1.6 billion or 0.93% of the total outstanding shares. The later fund manager was in possession of 9.83 shares on Jul 31, 2024 , making its stake of worth around $1.22 billion in the company or a holder of 0.71% of company’s stock.
