The target price of would represent a potential gain of 14.12% over the previous closing price.
PDD has also been discussed by a number of other brokerages. Benchmark raised their price target for PDD in a research report on Tuesday, 30th May from $106.00 up to $125.00. Barclays raised their price target for PDD in a research report on May 31st from $100.00 up to $103.00. Nomura raised their price target for PDD in a Monday, 29th May research note from $105.00 up to $110.00. Jefferies Financial Group raised their price target on PDD in a Tuesday research report from $79.00 up to $95.50. In a report published on May 30th, 500.com reaffirmed a maintains' ranking on PDD shares. According to MarketBeat data, nine analysts have given the stock a Buy rating. The company's consensus rating is 'Buy' with an average price target of $117.75.
PDD Price Performance
The price of the business opened on Tuesday at $98.14. The company's debt-to equity ratio is 0.01, its quick ratio is 1.94, and its current ratio is 1.94. PDD's low for the past year was $38.80, and its high is $106.38.
The company last released its results on August 29th. The company's earnings per share for the third quarter were $10.47, exceeding analysts' estimates of $7.30. PDD's return on equity was 34.10% and its net margin was 25.63%. The company had revenue of 52.28 billion dollars for the quarter compared with analysts' expectations of 43.39 billion. In the same quarter of the previous year, the company earned $0.93 per share. PDD's revenue for the quarter was up 66.3% compared to last year. Analysts expect PDD to post an average of 3.61 EPS in the current fiscal.
PDD Trading Institutionalized
Recently, large investors have increased or decreased their stakes. Captrust Financial Advisors has increased its PDD holdings by 108.5% during the first quarter. Captrust Financial Advisors owns 636 of the company stock, valued at $26,000. This is after buying an additional 331 in the last quarter. Fifth Third Bancorp increased their holdings in PDD from 70.1% to 410 shares in the first quarter. Fifth Third Bancorp owns 410 of the company stock, valued at $31,000. This is after buying an additional 169 share in the last quarter. Compagnie Lombard Odier SCmA purchased a stake in PDD valued at $37,000 in the fourth quarter. Hollencrest Capital Management purchased a stake in PDD shares during the fourth-quarter valued at approximately $41,000. Altshuler Shaham Ltd also acquired a stake in PDD shares during the fourth-quarter, valued at approximately $43,000. Institutional investors and hedge fund currently own 31.08%.
PDD Company Profile
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PDD Holdings Inc., a multinational business group, operates and owns a number of businesses. It operates Pinduoduo - an ecommerce platform which offers products from various categories including agricultural products, apparel, footwear, bags, mother and child products, food, beverages, electronic appliances and furniture, household goods, personal care and cosmetics, sports and fitness products and auto accessories.
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