PDD Holdings Inc ADR (NASDAQ: PDD) is 14.77% higher on its value in year-to-date trading and has touched a low of $87.11 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 $110.85 in the last trading session, with the day’s gains setting it 0.47%.
Currently trading at $111.32, the stock is 11.65% and -0.28% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 4.32 million and changing 0.42% at the moment leaves the stock -3.11% off its SMA200. PDD registered -19.06% loss for a year compared to 6-month loss of -7.69%.
The stock witnessed a 6.82% gain in the last 1 month and extending the period to 3 months gives it a -2.39%, and is 6.88% 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 2.51% over the week and 4.43% over the month.
PDD Holdings Inc ADR (PDD) has around 23465 employees, a market worth around $154.97B and $54.73B in sales. Current P/E ratio is 10.54 and Fwd P/E is 7.48. Profit margin for the company is 28.54%. Distance from 52-week low is 27.79% and -32.41% from its 52-week high. The company has generated returns on investments over the last 12 months (36.02%).
The EPS is expected to grow by 6.29% this year.
PDD Holdings Inc ADR (PDD) Top Institutional Holders
The shares outstanding are 1.39B, and float is at 1.35B with Short Float at 1.80%.
The top institutional shareholder in the company is BAILLIE GIFFORD & CO with over 35.13 million shares valued at $4.67 billion. The investor’s holdings represent 0.5926% of the PDD Shares outstanding. As of 2024-06-30, the second largest holder is JPMORGAN CHASE & CO with 8.28 million shares valued at $1.1 billion to account for 0.5587 of the shares outstanding. The other top investors are BLACKROCK INC. which holds 29.12 million shares representing 0.4912% and valued at over $3.87 billion, while VANGUARD GROUP INC holds 0.4765 of the shares totaling 28.25 million with a market value of $3.76 billion.
PDD Holdings Inc ADR (PDD) Insider Activity
#####
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).
