Inside the research
PDD Holdings Inc.
PDD Research profile · latest available data
Price overview
$77.57
▼ -0.63 (-0.8%)
| 52w hi | $138.13 |
|---|---|
| 52w lo | $73.30 |
| Vol | 4.13M |
| As of | 25 Sep 2026 |
The Verdict
Our score -0.20
| Short | -0.22 |
|---|---|
| Medium | -0.27 |
| Long | -0.00 |
computed 2026-09-27
Key fundamentals
PDD Holdings Inc.
Consumer Cyclical · Internet Retail
| Market cap | $110.41B |
|---|---|
| Enterprise value | -$342.45B |
| Trailing P/E | 8.36x |
| Forward P/E | 6.31x |
| EV / EBITDA | -3.46x |
| P / S (ttm) | 0.24x |
| Profit margin | 20.4% |
| Return on equity | 22.7% |
| Revenue growth | +8.1% |
| Earnings growth | -11.2% |
| Debt / equity | 1.08 |
Layer Breakdown
| Layer | Raw | Contribution |
|---|---|---|
| Fundamental | +0.30 | |
| Sector | -0.03 | |
| Technical | -0.21 | |
| Earnings | +0.00 | |
| Sentiment | +0.00 |
macro × 1.00 · 2026-09-27
Business overview
PDD Holdings Inc., a multinational commerce group that owns and operates a portfolio of businesses. The company operates Pinduoduo platform, which provides various product categories and interactive shopping experiences; and Temu, an online platform, which enables merchants to streamline their manufacturing and commercial operations. The company was formerly known as Pinduoduo Inc. and changed its name to PDD Holdings Inc. in February 2023. PDD Holdings Inc. was incorporated in 2015 and is based in Dublin, Ireland.
Risk Metrics
| Beta vs SPX | 0.73 |
|---|---|
| Corr SPX | 0.28 |
| Annual vol | 42.0% |
| Annual ret | -3.8% |
| Sharpe | -0.09 |
| Max DD | -52.5% |
Window: 504 trading days (504 obs)
Analyst Coverage
| Mean PT | $142.92 |
|---|---|
| High / Low | $207.29 / $110.62 |
| Median | $144.12 |
| Analysts | 33 |
| Strong Buy | 6 | |
|---|---|---|
| Buy | 20 | |
| Hold | 9 | |
| Sell | 0 | |
| Strong Sell | 0 |
Recent rating actions
| 2026-01-06 | Freedom Capital Markets | → Buy |
| 2026-01-06 | Freedom Broker | → Buy |
| 2025-11-19 | B of A Securities | → Neutral |
| 2025-08-26 | New Street Research | → Neutral |
| 2025-08-26 | B of A Securities | → Neutral |
| 2025-08-26 | Benchmark | → Buy |
Flow & Concentration
| Insider 180d net | $0 |
|---|---|
| Insider buys / sells | 0 / 0 |
| Insider bias | Neutral |
| 13F holders | 7 |
| Top-5 share | 100.0% |
| HHI | 2,878 (concentrated) |
Top Holders
| Holder | Value | Shares |
|---|---|---|
| Citadel Advisors | $825.14M | 10.82M |
| State Street Corp | $785.94M | 10.30M |
| Capital Research / Capital World | $760.38M | 9.97M |
| Fidelity / FMR LLC | $116.08M | 1.52M |
| Millennium Management | $78.87M | 1.03M |
| AQR Capital Management | $281.33K | 3.69K |
| T. Rowe Price Group | $49.36K | 647.14K |
As of 2026-06-30
SEC Filings
The Long Run
FY 2018–2025 · 7 years
| Line | Latest | CAGR | Trend |
|---|---|---|---|
| Revenue | $431.85B | +150.6% | |
| Gross profit | $40.21B | +527.5% | |
| Operating income | $58.70B | +104.2% | |
| Net income | $97.84B | +132.7% | |
| Cash from ops | $106.94B | +122.6% |
Indices
Recent Sessions
| Date | Open | High | Low | Close | Vol |
|---|---|---|---|---|---|
| Sep 25 | $78.20 | $78.80 | $77.36 | $77.57 | 4.13M |
| Sep 24 | $78.90 | $79.22 | $77.79 | $78.20 | 4.05M |
| Sep 23 | $79.40 | $79.52 | $78.70 | $79.20 | 5.32M |
| Sep 22 | $80.00 | $80.76 | $79.27 | $80.35 | 7.29M |
| Sep 21 | $79.84 | $79.87 | $78.20 | $79.30 | 6.50M |
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