PDD Holdings Inc ADR (NASDAQ: PDD) is 32.45% higher on its value in year-to-date trading and has touched a low of $88.01 and a high of $164.69 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 $124.16 in the last trading session, with the day’s gains setting it 4.3%.
Currently trading at $128.46, the stock is 13.27% and 21.84% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 13.89 million and changing 3.46% at the moment leaves the stock 4.62% off its SMA200. PDD registered -2.69% loss for a year compared to 6-month loss of -11.46%.
The stock witnessed a 28.13% gain in the last 1 month and extending the period to 3 months gives it a 13.27%, and is 10.42% up 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 4.03% over the week and 4.18% over the month.
PDD Holdings Inc ADR (PDD) has around 17403 employees, a market worth around $178.40B and $51.64B in sales. Current P/E ratio is 12.63 and Fwd P/E is 10.08. Profit margin for the company is 29.09%. Distance from 52-week low is 45.96% and -22.00% from its 52-week high. The company has generated returns on investments over the last 12 months (36.75%).
with sales reaching $115.77B over the same period.The EPS is expected to grow by 76.82% this year, but quarterly earnings will post 60.82% year-over-year. Quarterly sales are estimated to grow 30.26% in year-over-year returns.
PDD Holdings Inc ADR (PDD) Top Institutional Holders
The shares outstanding are 1.39B, and float is at 1.35B with Short Float at 2.12%.
The top institutional shareholder in the company is BLACKROCK INC. with over 29.12 million shares valued at $3.87 billion. The investor’s holdings represent 2.1138% of the PDD Shares outstanding. As of 2024-06-30, the second largest holder is VANGUARD GROUP INC with 28.25 million shares valued at $3.76 billion to account for 2.0506 of the shares outstanding. The other top investors are MORGAN STANLEY which holds 11.98 million shares representing 0.8695% and valued at over $1.59 billion, while GOLDMAN SACHS GROUP INC holds 0.8127 of the shares totaling 11.19 million with a market value of $1.49 billion.
PDD Holdings Inc ADR (PDD) Insider Activity
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Still, SEC filings show that on Sep 25 ’24, Kam Anthony Ping Leung (Director) Proposed Sale 2,343 shares at an average price of $113.80 for $0.27 million. The insider now directly holds shares of PDD Holdings Inc ADR (PDD).
