Analyzing Market Sentiment Towards PDD (PDD) Stocks

This afternoon we watched PDD drop -4.4% to a price of $132.15 per share. The Large-Cap Business Services company is now trading -34.78% below its average target price of $202.61. Analysts have set target prices ranging from $117.5 to $271.18 per share for PDD, and have given the stock an average rating of buy.

PDD's short interest — meaning the percentage of the share float that is being shorted — is lower than average at 4.1%. The stock's short ratio is 3.06. At 0.0%, the company's rate of insider ownership does not indicate that management is heavily invested in the corporation.

Another number to watch is the company's rate of institutional share ownership, which now stands at 30.2%. In conclusion, we believe there is mixed market sentiment regarding PDD.

Institutions Invested in PDD

Date Reported Holder Percentage Shares Value
2024-03-31 Baillie Gifford and Company 2% 34,780,280 $4,596,213,789
2024-03-31 Blackrock Inc. 2% 28,142,861 $3,719,078,909
2024-03-31 Vanguard Group Inc 2% 24,261,575 $3,206,166,988
2024-03-31 FMR, LLC 1% 14,618,676 $1,931,857,944
2024-03-31 Sc Us (ttgp), Ltd. 1% 12,695,617 $1,677,725,709
2024-03-31 Morgan Stanley 1% 12,521,908 $1,654,770,065
2024-03-31 HHLR Advisors, LTD 1% 11,791,547 $1,558,252,864
2024-03-31 Ubs Asset Management Americas Inc 1% 11,227,796 $1,483,753,172
2024-03-31 Goldman Sachs Group Inc 1% 11,003,524 $1,454,115,629
2024-03-31 State Street Corporation 1% 10,485,073 $1,385,602,332
The above analysis is intended for educational purposes only and was performed on the basis of publicly available data. It is not to be construed as a recommendation to buy or sell any security. Any buy, sell, or other recommendations mentioned in the article are direct quotations of consensus recommendations from the analysts covering the stock, and do not represent the opinions of Market Inference or its writers. Past performance, accounting data, and inferences about market position and corporate valuation are not reliable indicators of future price movements. Market Inference does not provide financial advice. Investors should conduct their own review and analysis of any company of interest before making an investment decision.