This afternoon we watched PDD drop -5.1% to a price of $139.62 per share. The Large-Cap Business Services company is now trading -30.88% below its average target price of $201.99. Analysts have set target prices ranging from $117.61 to $276.11 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 3.7%. The stock's short ratio is 5.44. 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 34.1%. In conclusion, we believe there is mixed market sentiment regarding PDD.
Institutions Invested in PDD
| Date Reported | Holder | Percentage | Shares | Value |
|---|---|---|---|---|
| 2024-06-30 | Baillie Gifford and Company | 3% | 35,128,410 | $4,904,628,432 |
| 2024-06-30 | Blackrock Inc. | 2% | 29,116,363 | $4,065,226,459 |
| 2024-06-30 | Vanguard Group Inc | 2% | 28,245,417 | $3,943,624,983 |
| 2024-06-30 | FMR, LLC | 1% | 19,275,397 | $2,691,230,835 |
| 2024-06-30 | HSG Holding Ltd. | 1% | 16,295,432 | $2,275,168,136 |
| 2024-06-30 | Sc Us (ttgp), Ltd. | 1% | 12,695,617 | $1,772,561,983 |
| 2024-06-30 | Morgan Stanley | 1% | 11,976,774 | $1,672,197,127 |
| 2024-06-30 | Goldman Sachs Group Inc | 1% | 11,194,224 | $1,562,937,500 |
| 2024-06-30 | GQG Partners LLC | 1% | 10,807,761 | $1,508,979,538 |
| 2024-06-30 | State Street Corporation | 1% | 10,800,839 | $1,508,013,088 |
