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PDD Holdings Inc.

PDD · NASDAQ

Market closed$84.14$-2.54 (-2.93%)After hours $84.02 · -0.14%

Key statistics

Previous close$86.68
Open$84.49
Day high$84.75
Day low$83.50
52-week high$139.41
52-week low$71.94
Market cap119.76B
Volume10.42M
Average volume8.98M
P/E ratio8.46
Forward P/E—
EPS9.95
Dividend yield0.00%

Market context

Why it moved

PDD shares declined amid broad market weakness, with the Nasdaq falling sharply as the Philadelphia Semiconductor Index entered bear market territory, while ongoing regulatory scrutiny over alleged false advertising and persistent headwinds from the elimination of the de minimis trade exemption continued to weigh on Chinese e-commerce stocks.

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What is happening

Recent company-specific developments and publisher coverage.

July 18, 2026PDD Holdings declined nearly 3% as a global risk-off selloff hit Chinese consumer and e-commerce names, driven by a broader rout in tech and growth stocks following Moonshot AI's release of Kimi K3 — a massive open-source model that rattled AI infrastructure spending assumptions worldwide. The selling came despite a supportive backdrop from China's June retail data showing a return to growth, and analysts still holding a median price target of ~$99.50, well above current levels. With PDD trading at a P/E of just 9x and well below its 52-week high of $139.41, investor focus remains on whether the company can reignite earnings momentum after Q1 EPS of $1.38 sharply missed the $2.40 consensus estimate.

-2.9303

July 17, 2026PDD Holdings edged higher amid improving sentiment around Chinese consumer and e-commerce names, supported by China's June retail sales returning to year-over-year growth and first-half online retail sales rising 5.2%. Despite a Q2 GDP miss of 4.3% — below expectations — investors rotated into consumer-linked stocks, benefiting Pinduoduo's parent. Analysts remain divided, with a consensus Hold rating and a $124.64 price target well above current levels, following PDD's Q1 earnings and revenue miss reported in late May.

1.0963

July 16, 2026PDD Holdings closed higher amid a broader market rally fueled by a cooler-than-expected June CPI report, though the stock continues to trade at a steep discount to analyst targets following a significant Q1 earnings miss. The Pinduoduo parent reported $1.38 EPS versus a $2.40 consensus and $15.41B in revenue versus $15.92B expected, prompting Nomura to cut the stock to Hold while Goldman Sachs and Jefferies reiterated Buy ratings. Analyst sentiment remains divided — consensus is Hold with a $124.64 price target — while China's Q2 GDP miss and a rotation into consumer and financial stocks in Hong Kong markets provided a mixed macroeconomic backdrop for the company.

2.1809

July 15, 2026PDD Holdings edged lower amid a mixed backdrop for Chinese e-commerce names, with China moving to tighten e-commerce regulations adding regulatory overhang to a stock already under pressure from a steep Q1 earnings miss — EPS came in at $1.38 vs. the $2.40 consensus. Analyst sentiment remains cautious with a consensus Hold rating and an average price target of $124.64, well above current levels, while several institutional holders including Matthews International and Candriam trimmed positions in Q1. Shares trade significantly below both the 50-day ($87.21) and 200-day ($98.61) moving averages.

-0.7687

July 14, 2026PDD Holdings closed modestly lower as investor sentiment remains cautious following the company's May earnings miss — Q1 EPS of $1.38 came in well below the $2.40 consensus, with revenue also light at $15.41B vs. $15.92B expected, despite 11% year-over-year growth. Several institutional investors, including Candriam and Matthews International Capital Management, trimmed their stakes in Q1, while the stock continues to trade well below its consensus analyst price target of $124.64 and under both its 50- and 200-day moving averages, reflecting lingering post-earnings pressure.

-0.6696

July 11, 2026PDD Holdings edged lower amid continued investor caution following its Q1 earnings miss — where EPS came in at $1.38 versus the $2.40 consensus and revenue of $15.41B fell short of the $15.92B forecast — while analysts remain divided, with a Hold consensus and an average price target of $124.64 well above current levels. The stock's 50-day moving average of ~$87.46 and 200-day of ~$98.80 reflect a prolonged downtrend, though several institutional investors including Sumitomo Mitsui Trust Group and Capstone Capital Management added to positions in Q1, and some analysts see the stock as significantly undervalued at current levels.

-0.8733

July 10, 2026PDD Holdings closed modestly higher amid a broader narrative of deep valuation discount and institutional accumulation, even as the company continues to trade well below analyst consensus targets following a Q1 earnings miss. Capstone Capital Management boosted its PDD stake by 85.8% in Q1, while analyst sentiment remains mixed — Goldman Sachs reiterated a Buy, though Nomura downgraded to Hold after Q1 EPS of $1.38 badly missed the $2.40 consensus. Adding context, a Reuters report highlighted renewed investor interest in Chinese assets as China's markets have demonstrated resilience during recent Iran-related geopolitical turbulence, potentially supporting sentiment toward PDD as a deeply discounted China-exposed name.

1.3453

July 9, 2026PDD Holdings closed up 2.68%, riding a broad rally in Chinese internet and e-commerce stocks led by Alibaba's 9% surge after a pre-earnings briefing indicated narrowing losses in its instant-commerce unit. PDD, Baidu, and JD.com moved in sympathy, with the rotation driven by valuation — Chinese tech names remain deeply in the red year-to-date after a Q1 earnings miss and aggressive supply chain investment spending weighed on the group. Adding to the bullish backdrop, Citi highlighted PDD as a top pick, citing an attractive buying opportunity after the stock's decline, and the company holds roughly $63 billion in cash. A modest geopolitical headwind from Trump's declaration that the Iran peace deal was 'over' limited broader market gains.

2.6778

Simply Wall Street · July 16, 2026PDD Holdings (PDD) Draws Earnings Focus, Is It A Bargain?Moomoo · July 14, 2026Bernstein Maintains PDD Holdings(PDD.US) With Hold Rating, Maintains Target Price $110Simply Wall Street · June 30, 2026PDD Holdings (PDD) Faces Fresh Analyst Caution, Is The Stock Still Undervalued?Investor's Business Daily · May 27, 2026PDD Stock Slides After Temu Parent's Revenue Misses EstimatesInvesting.com · May 27, 2026Earnings call transcript: PDD Holdings Q1 2026 misses earnings forecast, stock dropsStock Titan · May 20, 2026PDD Holdings sets May 27 date for Q1 2026 earnings call24/7 Wall St. · April 17, 2026Morgan Stanley Opens a Tactical Buy on PDD Holdings: A Regulation Overhang Just Lifted and the Clock Is TickingPR Newswire · February 12, 2026INVESTOR ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of PDD Holdings Inc. - PDD
Mt Newswire · July 1, 2026EU Introduces Temporary Customs Duty on Imported, Low-Value Parcels
Benzinga · June 29, 2026Reported Earlier: 'France Passes New Law to Fine Shein, Temu and Ultrafast Fashion' - WSJ
Benzinga · June 24, 2026Daiwa Capital Downgrades PDD Holdings to Hold
Mt Newswire · June 23, 2026PDD Shares Fall After Downgrade From Daiwa
Benzinga · June 23, 2026Daiwa Capital Downgrades PDD Holdings to Hold
Mt Newswire · June 23, 2026Daiwa Downgrades PDD to Hold From Buy, Adjusts Price Target to $80 From $145
Mt Newswire · June 16, 2026BNP Paribas Initiates PDD Holdings at Underperform
Benzinga · June 16, 2026BNP Paribas Initiates Coverage On PDD Holdings with Underperform Rating, Announces Price Target of $89

Peers

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