PDD Holdings Inc ADR (NASDAQ:PDD) shares traded -1.38% lower at $148.98 on Wall Street last session.
PDD stock price is now 10.19% away from the 50-day moving average and 19.23% away from the 200-day moving average. The market capitalization of the company currently stands at $197.93B.
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With the price target enhanced from $145 to $184, Goldman Upgraded its rating from Neutral to Buy for PDD Holdings Inc ADR (NASDAQ: PDD). On March 11, 2024, Jefferies Upgraded its previous ‘Hold’ rating to ‘Buy’ on the stock increasing its target price from $117 to quote $157, while ‘Goldman’ rates the stock as ‘Neutral’
A total of 1.67% of the company’s stock is owned by insiders.
During the past 12 months, PDD Holdings Inc ADR has had a low of $66.40 and a high of $164.69. As of last week, the company has a debt-to-equity ratio of 0.04, a current ratio of 2.09, and a quick ratio of 2.09. According to the stock market information, the enterprise value for the company is $588180488192, which is based on a 19.68 price-to-earnings ratio, a 0.45 price-to-earnings-growth ratio, and a beta of 0.63. The fifty day moving average price for PDD is $135.833 and a two-hundred day moving average price translates $125.22975 for the stock.
The latest earnings results from PDD Holdings Inc ADR (NASDAQ: PDD) was released for 2024-03-31. The net profit margin was 26.93% and return on equity was 45.72% for PDD. The company reported revenue of $12.02 billion for the quarter, compared to $5.48 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 119.39 percent.
PDD Holdings Inc ADR(PDD) Company Profile
PDD Holdings Inc., a multinational commerce group, owns and operates a portfolio of businesses. It operates Pinduoduo, an e-commerce platform that offers products in various categories, including agricultural produce, apparel, shoes, bags, mother and childcare products, food and beverage, electronic appliances, furniture and household goods, cosmetics and other personal care, sports and fitness items and auto accessories; and Temu, an online marketplace. It focuses on bringing businesses and people into the digital economy. The company was formerly known as Pinduoduo Inc. and changed its name to PDD Holdings Inc. in February 2023. The company was incorporated in 2015 and is based in Dublin, Ireland.
