PDD Holdings Inc ADR (NASDAQ: PDD) is 22.02% 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 $120.45 in the last trading session, with the day’s loss setting it -2.1%.
Currently trading at $118.35, the stock is -3.16% and 0.26% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 6.62 million and changing -1.74% at the moment leaves the stock -1.01% off its SMA200. PDD registered 1.45% gain for a year compared to 6-month loss of -8.54%. The firm has a 50-day simple moving average (SMA 50) of $118.039 and a 200-day simple moving average (SMA200) of $119.5608.
The stock witnessed a 4.10% gain in the last 1 month and extending the period to 3 months gives it a 19.70%, and is -7.63% 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 2.97% over the week and 3.74% over the month.
Current P/E ratio is 11.21 and Fwd P/E is 7.93. Profit margin for the company is 28.54%. Distance from 52-week low is 34.47% and -28.14% from its 52-week high. The company has generated returns on investments over the last 12 months (36.02%).
with sales reaching $102.43B over the same period.The EPS is expected to grow by 6.43% this year, but quarterly earnings will post 22.08% year-over-year. Quarterly sales are estimated to grow 17.99% in year-over-year returns.
PDD Holdings Inc ADR (PDD) Top Institutional Holders
1039.0 institutions hold shares in PDD Holdings Inc ADR (PDD), with institutional investors hold 31.91% of the company’s shares. The shares outstanding are 1.39B, and float is at 1.35B with Short Float at 1.77%. Institutions hold 31.91% of the Float.
The top institutional shareholder in the company is VANGUARD GROUP INC with over 28.25 million shares valued at $3.76 billion. The investor’s holdings represent 2.0506% of the PDD Shares outstanding. As of 2024-06-30, the second largest holder is GOLDMAN SACHS GROUP INC with 11.19 million shares valued at $1.49 billion to account for 0.8127 of the shares outstanding. The other top investors are BAILLIE GIFFORD & CO which holds 35.13 million shares representing 0.5926% and valued at over $4.67 billion, while JPMORGAN CHASE & CO holds 0.5587 of the shares totaling 8.28 million with a market value of $1.1 billion.
PDD Holdings Inc ADR (PDD) Insider Activity
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Still, SEC filings show that on Dec 09 ’24, Zhao Jiazhen (Officer) Proposed Sale 16 shares at an average price of $99.89 for $1598.0. The insider now directly holds shares of PDD Holdings Inc ADR (PDD).
