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 $121.54, up 2.28% from the previous day, and has decreased 5.81% in one year. It has underperformed other stocks in the Internet Retail industry by 0.3 percentage points. Pdd Holdings stock is currently +38.1% from its 52-week low of $88.01, and -26.2% from its 52-week high of $164.69.
There are currently 5.54B PDD shares outstanding. The market cap of PDD is $168.44B. In the last 24 hours, 7.97M 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.
Our recommended brokerage: eToro
Based on our analysis, eToro is the best stock brokerage. eToro gives you:
- Invest in stocks with 0% commissions: Invest without paying trading commissions.
- Buy fractional shares: Even if you can't afford a full share, you can still purchase the stock.
- Access to world financial markets: From Tech to Financial Services, New York to Shanghai — you can fill your portfolio with stocks from the globe's leading stock exchanges.
- Social investing: eToro offers a community with more than 20 million users around the world. Talk to, learn from, and copy the unique crypto portfolios of other investors.
- Security: eToro is a regulated and licensed brokerage platform.
- Buy other financial assets: Such as ETFs and cryptocurrencies.
Get $10 towards your purchase of stock by opening an account with eToro today.
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.
How to Set Up a New Brokerage Account on eToro
- 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.
- Input your personal data to open a new trading account.
- Submit your data by pressing the "Create Account" button. Get started with eToro today
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 Due Diligence 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 11.09x, relative to Internet Retail industry P/E ratio of 54.5x
- PDD could be undervalued based on its P/B ratio of 4.34x, relative to Internet Retail industry P/B ratio of 6.27x
- PDD could be overvalued based on its PEG ratio of 4.37x
You can access more valuation analysis on PDD's stock here.
A quick look at PDD Financials
Positive Financial Indicators:
- PDD's operating cash flow of $18.03B allows it to safely service it's debt of $1.43B.
- PDD profit margin has gone up from 23.3% to 29.1% in the past year.
- There are more short-term assets than short-term liabilities on the PDD balance sheet.
- PDD earnings of $17.72B is not enough to cover its interest payments.
- 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 has a relatively high debt to equity ratio of 0.68.
Is Pdd Holdings stock a Buy, Hold, or Sell, according to analysts?
Out of 9 sell side analysts who give ratings on PDD, the consensus analyst rating on Pdd Holdings is a Strong Buy
Please keep in mind that analyst forecasts are not stock recommendations, nor are they investment advice.
Most Recent PDD Analyst Upgrades/Downgrades
Alicia Yap, a top 28% analyst from Citigroup downgrades PDD to a hold rating and lowers their PDD price target from $194.00 to $120.00, on Aug 27, 2024.
Joyce Ju, a top 32% analyst from Bank of America maintains PDD with a strong buy rating and lowers their PDD price target from $206.00 to $170.00, on Aug 27, 2024.
Robin Zhu, a bottom 9% analyst from Bernstein maintains PDD with a buy rating and lowers their PDD price target from $235.00 to $170.00, on Aug 27, 2024.
Bernstein's Robin Zhu lowered their price target on Pdd Holdings (NASDAQ: PDD) by 27.7% from $235 to $170 on 2024/08/27. The analyst maintained their Buy rating on the stock.
Pdd Holdings reported its Q2 2024 earnings on 2024/08/26.
Zhu summarized the results as "slightly light on the top-line and in line with Bernstein's estimates on core non-GAAP operating profit."
Revenue of RMB 97.1B grew 85.7% Y/Y, the analyst noted.
Management's guidance for lower profits resulted in a sharp selloff of the stock, Zhu added.
Earnings Report
For Q2 2024, Pdd Holdings reported:
- EPS of $3.20, which beat the consensus estimate of $2.73 and, by 117.7%, Q2 2023's $1.47.
- Revenue of $13.356B, which missed the consensus estimate of $14.02B and, by 82%, Q2 2023's $7.34B.
Management did not provide financial guidance in its press release.
Chairman & Co-CEO Lei Chen commented: “While encouraged by the solid progress we made in the past few quarters, we see many challenges ahead.
“We are committed to transitioning toward high-quality development and fostering sustainable ecosystem. We will invest heavily in the platform’s trust and safety, support high-quality merchants, and relentlessly improve the merchant ecosystem.
"We are prepared to accept short-term sacrifices and potential decline in profitability.”
Chairman & Co-CEO Lei Chen commented: “While encouraged by the solid progress we made in the past few quarters, we see many challenges ahead.
“We are committed to transitioning toward high-quality development and fostering sustainable ecosystem. We will invest heavily in the platform’s trust and safety, support high-quality merchants, and relentlessly improve the merchant ecosystem. We are prepared to accept short-term sacrifices and potential decline in profitability.”
Executive Director & Co-CEO Jiazhen Zhao added: “We are committed to nurturing a healthy and sustainable ecosystem where high-quality merchants thrive.
“We will vigorously support high-quality merchants while firmly tackling low-quality ones, continuously building a healthy and sustainable ecosystem.”
Ronald Keung, a bottom 7% analyst from Goldman Sachs maintains PDD with a strong buy rating and lowers their PDD price target from $184.00 to $165.00, on Aug 27, 2024.
You can dive deeper into what analysts are saying on the Pdd Holdings stock forecast page.
PDD Technical Indicators
How is PDD performing as a company?
Last year, PDD earnings were $15.10B. In the past two year, PDD's earnings have grown by 86.66% per year. This was faster than the Internet Retail industry average of 42.31%.
Last year, PDD revenue was $51.90B. Over the last 5 year, PDD's revenue has increased by 71.51% per year. This was faster than the Internet Retail industry average of 23.7%.
Dig into PDD's earnings and revenue performance here.
Latest Insiders Trades at PDD
Over the past 12 months, insiders at PDD have not bought or sold any shares.
Dig into more about who owns PDD shares here.
Can I rely on PDD as an income stream?
No, Pdd Holdings doesn't provide an income stream by paying out dividends.
PDD Social Trading Data
One of the reasons eToro is our top-rated brokerage is because of its social trading community.
Click below to see what other traders have to say.
Step 5: Execute your PDD trade
There are two primary options:
- 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 allows you to buy or sell a security at a specific price (or better).
If you want to ensure you're buying or selling at a given price, use a limit order.
Hit the Open button and your broker will place the order.
If you need additional help buying stocks on eToro, click the helpful video below:
Step 6: Monitor your PDD position
Now that you own some shares in PDD, you'll want to keep up with your shares.
Start a watchlist to get notified of important updates regarding your PDD stock.
PDD Feed
How to Buy Stock in Pdd Holdings
To reiterate, 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 require a online brokerage, eToro is our recommended venue.
Get Started with eToro TodayIf you want to keep an eye on your investment in Pdd Holdings, add PDD to your watchlist by clicking the button below.
Related Stock Buying Guides
FAQ
Company
AboutNewsBlogStock Investing FAQPlansPrivacy PolicyTerms of ServiceCancellation & RefundsPerformanceHelp GuidesContactTwitterYouTubeNewsletterInformation is provided 'as-is' and solely for informational purposes and is not advice. WallStreetZen does not bear any responsibility for any losses or damage that may occur as a result of reliance on this data.