Pinduoduo (PDD)

• Market cap: $189B
• 1 day: -1.41%
• 5 days: 5.54%
• 1 month: 12.35%
• 3 months: 30.03%
• 6 months: 4.87%
• Year to date: 37.23%
• 1 year: 35.36%
• 5 years: 66.6%
• 10 years: 397.98%
• Sector: Consumer Discretionary
• Industry: Internet Retail

About: PDD Holdings operates commerce businesses in over 80 countries globally. Its main operations are Pinduoduo, a social commerce platform in China, and Temu, a global e-commerce marketplace. PDD also has a community group purchase business in China. PDD has built a network of sourcing, logistics, and fulfillment capabilities that support its underlying businesses.

Employees: 23,465

Fund manager confidence

Based on 2025 Q2 regulatory disclosures by fund managers ($100M+ AUM)

20.8% more ownership

Funds ownership: 8.06% [Q1] → 28.86% (+20.8%) [Q2]

1% less repeat investments, than reductions

Existing positions increased: 197 | Existing positions reduced: 198

6% less funds holding in top 10

Funds holding in top 10: 69 [Q1] → 65 (-4) [Q2]

8% less funds holding

Funds holding: 575 [Q1] → 527 (-48) [Q2]

11% less capital invested

Capital invested by funds: $48.2B [Q1] → $42.9B (-$5.28B) [Q2]

11% less call options, than puts

Call options by funds: $4.94B | Put options by funds: $5.59B

35% less first-time investments, than exits

New positions opened: 72 | Existing positions closed: 110

Research analyst outlook

4 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $120
• Avg. target: $147
• High target: $165

4 analyst ratings

• positive: 2 50%
• neutral: 2 50%
• negative: 0 0%

New Street Research Jin Yoon	$120	Neutral Downgraded	26 Aug 2025
B of A Securities Joyce Ju	$141	Neutral Maintained	26 Aug 2025
Benchmark Fawne Jiang	$160	Buy Reiterated	26 Aug 2025
Barclays Jiong Shao	$165	Overweight Maintained	26 Aug 2025