Pinduoduo (PDD)

• Market cap: $145B
• 1 day: -1.35%
• 5 days: 4.96%
• 1 month: 3.55%
• 3 months: -16.59%
• 6 months: -22.42%
• Year to date: 7.49%
• 1 year: -26.33%
• 5 years: 164.74%
• 10 years: 290.07%

About: PDD Holdings is a multinational commerce group that owns and operates a portfolio of businesses. PDD aims to bring more businesses and people into the digital economy so that local communities and small businesses can benefit from the increased productivity and new opportunities. PDD has built a network of sourcing, logistics, and fulfillment capabilities that support its underlying businesses.

Employees: 17,403

Fund manager confidence

Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)

50% more call options, than puts

Call options by funds: $11.1B | Put options by funds: $7.4B

6% more repeat investments, than reductions

Existing positions increased: 231 | Existing positions reduced: 218

0.57% less ownership

Funds ownership: 8.18% [Q2] → 7.62% (-0.57%) [Q3]

8% less funds holding

Funds holding: 635 [Q2] → 586 (-49) [Q3]

8% less capital invested

Capital invested by funds: $60.4B [Q2] → $55.6B (-$4.76B) [Q3]

20% less funds holding in top 10

Funds holding in top 10: 97 [Q2] → 78 (-19) [Q3]

30% less first-time investments, than exits

New positions opened: 97 | Existing positions closed: 138

Research analyst outlook

3 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $105 1% upside
• Avg. target: $145 40% upside
• High target: $171 64% upside

3 analyst ratings

• positive: 2 67%
• neutral: 1 33%
• negative: 0 0%

JP Morgan Andre Chang 13% 1-year accuracy 1 / 8 met price target	1% upside $105	Neutral Downgraded	22 Nov 2024
Benchmark Fawne Jiang 58% 1-year accuracy 32 / 55 met price target	54% upside $160	Buy Maintained	22 Nov 2024
Jefferies Thomas Chong 38% 1-year accuracy 5 / 13 met price target	64% upside $171	Buy Maintained	21 Nov 2024