PDD stock is trading -27.88% below its average target price of $146.38 after marking a 5.3% during today's afternoon session. Analysts are giving the Large-Cap Business Services company an average rating of buy and target prices ranging from $100.80376 to $190.92076 per share.
The stock has an average amount of shares sold short at 3.2%, and a short ratio of 1.77. At 0.0%, the company's rate of insider ownership does not indicate that management is heavily invested in the corporation. Finally, we also note that only a small number of institutional investors are invested in the stock, with 33.6% of PDD's shares being owned by this investor type.
Institutions Invested in PDD
| Date Reported | Holder | Percentage | Shares | Value |
|---|---|---|---|---|
| 2024-09-30 | Baillie Gifford and Company | 3% | 36,116,452 | $3,812,813,826 |
| 2024-09-30 | Blackrock Inc. | 2% | 33,011,134 | $3,484,985,406 |
| 2024-09-30 | Vanguard Group Inc | 2% | 28,393,947 | $2,997,548,976 |
| 2024-09-30 | FMR, LLC | 2% | 20,930,161 | $2,209,597,090 |
| 2024-09-30 | HSG Holding Ltd. | 1% | 15,444,770 | $1,630,504,364 |
| 2024-09-30 | UBS Asset Management Americas Inc | 1% | 13,145,211 | $1,387,739,921 |
| 2024-09-30 | Sc Us (ttgp), Ltd. | 1% | 12,032,996 | $1,270,323,384 |
| 2024-09-30 | State Street Corporation | 1% | 11,664,707 | $1,231,443,114 |
| 2024-09-30 | Morgan Stanley | 1% | 10,544,435 | $1,113,175,999 |
| 2024-06-30 | Norges Bank Investment Management | 1% | 10,331,273 | $1,090,672,487 |
Besides an analyst consensus of strong upside potential, other market factors point to there being mixed market sentiment on PDD.
