How to Buy Pdd Holdings Stock
Pdd Holdings Inc
PDD Holdings Inc. , through its subsidiaries, operates an e-commerce platform in the People's Republic of China.
Pdd Holdings stock last closed at $113.49, down 0.18% from the previous day, and has increased 61.92% in one year. It has overperformed other stocks in the Internet Retail industry by 0.61 percentage points. Pdd Holdings stock is currently +90.2% from its 52-week low of $59.67, and -25.82% from its 52-week high of $152.99.
There are currently 5.48B PDD shares outstanding. The market cap of PDD is $155.43B. In the last 24 hours, 9.39M PDD shares were traded.
How to Buy Pdd Holdings Stock
Wondering how to invest in Pdd Holdings stock? Here's how.
- Choose where to buy Pdd Holdings stock: You need to decide on a stock brokerage, but don't worry - we've tried dozens of online stock brokerages and apps to help you decide where to buy Pdd Holdings stock.
- Open your brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've identified.
- Deposit money your brokerage account: Select your method of payment and add your information.
- Analyze Pdd Holdings stock: The Pdd Holdings ticker symbol is PDD. Is Pdd Holdings stock a good investment? Should you buy shares of PDD? How do PDD's underlying business fundamentals look? Do top analysts think Pdd Holdings is a good buy? Why has PDD's stock price moved recently? (Hint: Our stock market research tools can help you understand if PDD is a good stock to buy).
- Execute your PDD trade: Decide if you will purchase PDD shares at the current market price or use a limit order to buy PDD stock at a given price.
- Monitor your PDD position: Create a watchlist to important notifications about your new investment in Pdd Holdings shares.
Step 1: Choose where to buy Pdd Holdings stock
You will need a brokerage account to access the NASDAQ market and buy PDD shares.
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Open eToro AccountStep 2: Open your brokerage account
Now that you've selected your brokerage, the next step is to fill out some personal info so you can invest in PDD stock today.
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- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
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Step 3: Deposit money your brokerage account
Now that you've created your account on stock market app, your next step is to transfer the money for your investment:
Watch the tutorial below to see the process of transferring funds into your new investment account.
Step 4: Analyze Pdd Holdings stock
Once you have figured out the best place to buy Pdd Holdings stock, it's important to evaluate their stock before you buy, so you truly understand the risk as well as the upside.
Pdd Holdings stock at a glance
Pdd Holdings Zen Score
WallStreetZen was created to help everyday investors do more accurate fundamental analysis quickly.
You can view all of the due diligence checks on PDD's stock page.
Is PDD stock overvalued?
Investors use a variety of different financial metrics, analyses, models, and charts to gauge PDD's fair value.
Using relative valuations ratios:
- PDD could be undervalued based on its P/E ratio of 18.44x, relative to Internet Retail industry P/E ratio of 52.81x
- PDD could be overvalued based on its P/B ratio of 5.98x, relative to Internet Retail industry P/B ratio of 5.54x
You can access additional valuation research on PDD's stock here.
PDD Financials at a glance
Positive Financial Indicators:
- PDD earnings of $9.99B is not enough to cover its interest payments.
- PDD's operating cash flow of $13.08B allows it to safely service it's debt of $1.41B.
- There are more short-term assets than short-term liabilities on the PDD balance sheet.
- There are more short-term assets than long-term liabilities on the PDD balance sheet.
- Total PDD debt is lower than 5 years ago, relative to shareholder equity.
Negative Financial Indicators:
- PDD profit margin of X% has stayed the same in the past year.
- PDD has a relatively high debt to equity ratio of 0.86.
Is it a good time to buy PDD stock, according to analysts?
Out of 7 Equities analysts who give ratings on PDD, the consensus analyst rating on Pdd Holdings is a Strong Buy
It's important to note that analyst ratings are not stock recommendations, nor are they investment advice.
Latest PDD Analyst Recommendations
Ronald Keung, a bottom 6% analyst from Goldman Sachs downgrades PDD to a hold rating and announces their PDD price target of $136.00, on Mar 11, 2024.
- Goldman Sachs's Ronald Keung downgraded their rating on Pdd Holdings (NASDAQ: PDD) from Strong Buy to Hold on 2024/03/11. The analyst also lowered their price target by 30.6%, from $196 to $136.
Ahead of the 2024/03/18 release of its Q4 and FY 2023 earnings report, Keung downgraded Pdd Holdings and cut their price target "after re-assessing the stock's risk/reward profile because of two incremental developments:"
- "A shifting policy landscape around cross-border businesses, including the recent H.R.7521 bill in the U.S. passed by the House Energy and Commerce Committee focusing on foreign apps.
- "Domestic e-commerce peers' re-focus on growth for FY 2024 as indicated in recent earnings calls, including Alibaba management making a priority of reigniting gross merchandise volume, or GMV, growth in its recent results."
Footnotes
Yahoo Finance reports that the current consensus EPS estimate for Pdd Holdings' Q4 is $1.62 which, if achieved, would represent a 36.1% increase over Q4 2022's $1.19.
Earnings Report
PDD Holdings reported:
For Q4 2023:
- EPS of $2.23, which beat the Zacks Consensus Estimate of $1.62 but missed, by 7.1%, Q4 2022’s $2.40.
- Revenue of $12.52B, which beat the Zacks Consensus Estimate of $11.99B and, by 123% Y/Y.
For FY 2023:
- EPS of $6.56.
- Revenue of $34.,88M, up 90% Y/Y.
Management did not provide financial guidance in its press release or earnings call.
Chairman & Co-CEO Lei Chen commented: “2023 represents a pivotal chapter in our corporate history as we transition towards high-quality development.
“In 2024, we remain dedicated to further improving consumer experiences, enhancing technology innovations, and generating positive impacts in our communities.
Executive Director and Co-CEO Mr. Jiazhen Zhao added, “In Q4, we saw growing demand driven by encouraging consumer sentiment.
“We will continue our high-quality development strategy, stay dedicated to offer great value and exceptional service, and keep building thriving communities that can benefit all.
VP Finance Jun Liu added: “In 2023, our R&D investment exceeded RMB10B for the second consecutive year, underscoring our dedication to technology and agricultural advancements.
“Our focus remains on creating lasting value through strategic initiatives with sustainable and positive impacts.”
Kenneth Fong, a bottom 10% analyst from UBS assumes PDD with a strong buy rating and raises their PDD price target from $115.00 to $137.00, on Nov 1, 2023.
You can dive deeper into what analysts are saying on the Pdd Holdings stock forecast page.
PDD Trading Indicators
How are PDD Revenues/Earnings doing?
Last year, PDD earnings were $8.34B. In the past 2 year, PDD's earnings have gone up by 153.99% per year. This was faster than the Internet Retail industry average of 35.67%.
Last year, PDD revenue was $34.39B. In the last five year, PDD's revenue has grown by 79.04% per year. This was faster than the Internet Retail industry average of 26.2%.
You can analyze PDD's earnings and revenue performance here.
Latest Insiders Trades at PDD
Over the last 12 months, insiders at PDD have not bought or sold any shares.
Learn more about who owns PDD stock here.
Can I rely on PDD as an income stream?
No, Pdd Holdings doesn't provide an income stream by paying out dividends.
Get analysis from other investors
One of the primary reasons eToro is our highest-rated brokerage is because of its social trading community.
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Step 5: Execute your PDD trade
You have two primary order types:
- Market order: A market order is an order to buy or sell a stock at the best available price.
Market orders are usually sufficient. - Limit order: A limit order is an order to buy or sell a security at a specific price (or better).
If you want to be sure you're buying or selling at an exact dollar amount limit, use a limit order.
Hit the Open button and eToro will execute the order.
If you want more help with buying stocks on eToro, click the how to video below:
Step 6: Monitor your PDD position
Now that you own some PDD stock, you'll want to stay up-to-date on your company.
Put PDD on a watchlist to see the latest developments about your PDD stock.
PDD Feed
How to Buy Stock in Pdd Holdings
To summarize, here are the 6 steps for buying Pdd Holdings stock:
- Choose where to buy Pdd Holdings stock
- Open your brokerage account
- Deposit money your brokerage account
- Analyze Pdd Holdings stock
- Execute your PDD trade
- Monitor your PDD position
If you are looking for a place to buy stocks, eToro is our recommended venue.
Get Started with eToro TodayIf you would like to track your investment in Pdd Holdings, get started below.
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