Pinduoduo Inc. (PDD) Review – Making Smarter Decisions

515 institutions hold shares in Pinduoduo Inc. (PDD), with 12.53M shares held by insiders accounting for 1.05% while institutional investors hold 27.97% of the company’s shares. The shares outstanding are 1.20B, and float is at 512.31M with Short Float at 5.68%. Institutions hold 27.68% of the Float.

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The top institutional shareholder in the company is Baillie Gifford and Company with over 25.37 million shares valued at $4.51 billion. The investor’s holdings represent 29.64% of the PDD Shares outstanding. As of Dec 30, 2020, the second largest holder is Blackrock Inc. with 19.35 million shares valued at $3.44 billion to account for 22.61% of the shares outstanding. The other top investors are FMR, LLC which holds 16.31 million shares representing 19.06% and valued at over $2.9 billion, while Tiger Global Management, LLC holds 16.65% of the shares totaling 14.25 million with a market value of $1.06 billion.

Pinduoduo Inc. (NASDAQ: PDD) is 5.95% higher on its value in year-to-date trading and has touched a low of $30.20 and a high of $212.60 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The PDD stock was last observed hovering at around $195.98 in the last trading session, with the day’s loss setting it -7.74% off its average median price target of $1194.77 for the next 12 months. It is also 88.21% off the consensus price target high of $1596.62 offered by 40 analysts, but current levels are 60.18% higher than the price target low of $472.70 for the same period.

Currently trading at $188.24, the stock is 0.62% and 9.92% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 5.16 million and changing -3.95% at the moment leaves the stock 72.42% off its SMA200. PDD registered 444.52% gain for a year compared to 6-month gain of 93.80%. The firm has a 50-day simple moving average (SMA 50) of $181.24 and a 200-day simple moving average (SMA200) of $124.84.

The stock witnessed a 8.93% loss in the last 1 month and extending the period to 3 months gives it a 42.20%, and is -4.25% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 4.67% over the week and 5.29% over the month.

Pinduoduo Inc. (PDD) has around 5828 employees, a market worth around $230.61B and $6.74B in sales. Fwd P/E is 547.21. Profit margin for the company is -17.30%. Distance from 52-week low is 523.31% and -11.46% from its 52-week high. The company has generated returns on investments over the last 12 months (-27.80%).

Pinduoduo Inc. (PDD) Analyst Forecasts

Analyst recommendations provided by FactSet shows that the consensus forecast for Pinduoduo Inc. (PDD) is a “Overweight”. 40 analysts offering their recommendations for the stock have an average rating of 1.90, where 6 rate it as a Hold and 5 think it is a “Overweight”. 27 of the analysts rate the stock as a “Buy”. 1 analysts have rated the stock as a Sell or Underperform.

Pinduoduo Inc. is expected to release its quarterly report on 05/26/2021 and quarterly earnings per share for the current quarter are estimated at $0.04 with sales reaching $2.97B over the same period.The EPS is expected to grow by 56.60% this year, but quarterly earnings will post 86.40% year-over-year. Quarterly sales are estimated to grow 92.80% in year-over-year returns.

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