NEW YORK, July 20, 2024 (GLOBE NEWSWIRE) -- Pomerantz LLP is investigating claims on behalf of investors of PDD Holdings Inc. f/k/a Pinduoduo Inc. (“PDD” or the “Company”) (NASDAQ: PDD). Such investors are advised to contact Danielle Peyton at newaction@pomlaw.com or 646-581-9980, ext. 7980. The investigation concerns whether PDD and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.  [Click here for information about joining the class action] On ...

We Are PDD Holdings (NASDAQ:PDD), also known as Pinduoduo, is a leading e-Commerce platform in China and one of the top three Chinese e-Commerce companies, next to Alibaba (BABA) and JD.com (JD), that dominate the market. PDD Holdings offers a variety of e-Commerce and related services such as fulfillment and logistics and Pinduoduo owns the hugely popular, deal-focused e-Commerce platform Temu. PDD Holdings is seeing strong tailwinds for its gross profits and net income and generating a ton of free cas ...

Core Viewpoint - PDD Holdings is facing short-term headwinds but maintains long-term competitive advantages, leading to a "buy" rating despite current challenges [1][11]. Financial Performance - PDD's Q1 earnings call raised concerns about the quality of earnings, particularly regarding profitability growth amid increased competition [2]. - Operating leverage improved, with sales and marketing expenses dropping to 27% of revenue from 43.2% in Q1 FY2023, and R&D expenses decreasing to 3.4% from 6.7% [2]. - Non-GAAP net margin increased to 35.3% from 26.9% in Q1 FY2023 [2]. - Interest and investment income surged to RMB50.5 billion, a 245% increase from RMB14.6 billion in Q1 FY2023, while total cash and short-term investments rose only 49.5% [2]. Competitive Landscape - PDD is experiencing intensified competition in China's e-commerce market, particularly from Alibaba and JD.com, which are attempting to curb PDD's growth [3]. - PDD's GMV growth of 18% during the 618 event is narrowing the gap with Alibaba's estimated growth of 12% [3]. - Alibaba's GMV growth is pressuring its margins, with adjusted EBTA margins declining despite growth [4]. Political and Regulatory Environment - PDD's Temu faces increased political scrutiny in the U.S., with potential legislative impacts that could negatively affect PDD's valuation [5]. - Two significant bills could harm PDD's valuation if passed: one eliminating capital gains tax breaks for investments in Chinese companies and another excluding Chinese companies from index funds [6]. Long-term Competitive Advantages - PDD's long-term competitive advantages include a focus on "white label" products, a differentiated merchant ecosystem, superior algorithms, and efficient operations [7]. - Continuous margin improvement is driven by higher monetization rates and operational efficiency [7]. Financial Projections and Valuation - Updated financial projections assume PDD can maintain its current monetization rate and operating margin for FY2024 and FY2025 [8]. - Valuation estimates indicate a total valuation of PDD Holdings at approximately USD 362.25 billion, with a current market cap of USD 191.64 billion, suggesting an upside of nearly 90% [10].

The latest trading session saw PDD Holdings Inc. Sponsored ADR (PDD) ending at $135.84, denoting a -1.56% adjustment from its last day's close. The stock fell short of the S&P 500, which registered a gain of 0.64% for the day. Elsewhere, the Dow gained 1.85%, while the tech-heavy Nasdaq added 0.2%.Coming into today, shares of the company had lost 6.95% in the past month. In that same time, the Conglomerates sector lost 4.02%, while the S&P 500 gained 3.82%.The investment community will be paying close atten ...

Kenneth CheungPDD Holdings Inc. (NASDAQ:PDD) has been a runaway success over the last couple of years. The operator of Temu has reported explosive sales growth as consumers around the world latch onto cheap goods produced in China shipped directly to consumers at a discount. My investment thesis is Bullish on the stock, with a cheap valuation and a massive balance sheet to offset any regulatory threats in the future. Source: FinvizBooming Business PDD launched Temu in the U.S. back in late 2022 to sell ...

股 票 研 究 [Table_Industry] 海外信息科技 [Table_Invest]评级：增持 [当前价格 Table_CurPrice] :(美元) 134.68 [Table_Date] 2024.07.15 | --- | --- | --- | |----------|-------------------------------------|----------------------| | | | | | | [table_Authors] 秦和平 ( 分析师 ) | 李奇 ( 分析师 ) | | | 0755-23976666 | 0755-23976888 | | | qinheping027734@gtjas.com | liqi028295@gtjas.com | | 登记编号 | S0880523110003 | S0880523060001 | 投资要点： | --- | --- | |----------------------------|--------------| | | | | 交易数据 | | | 52 周内股价区间 ( 美元 ) | 69.06-164.49 | ...

Core Viewpoint - PDD Holdings Inc. is under investigation for potential securities fraud and unlawful business practices, particularly related to its Temu online marketplace, which has been accused of violating privacy laws [1][2]. Group 1: Legal Issues - Arkansas Attorney General Tim Griffin has filed a lawsuit against Temu, alleging it violates the Arkansas Personal Information Protection Act and is designed to collect user data without consent [2]. - The lawsuit describes Temu as "functionally malware and spyware," indicating serious concerns about its data collection practices [2]. Group 2: Market Reaction - Following the announcement of the lawsuit, PDD's American depositary receipt (ADR) price dropped by $8.06, or 5.77%, closing at $131.94 per ADR on June 27, 2024 [2]. Group 3: Firm Background - Pomerantz LLP, the firm investigating PDD, is recognized for its expertise in corporate, securities, and antitrust class litigation, having recovered billions in damages for victims of securities fraud [3].

Core Viewpoint - PDD Holdings Inc. Sponsored ADR has experienced a decline of -7.8% over the past month, contrasting with the Zacks S&P 500 composite's increase of +4.3%, raising questions about its near-term stock performance [1] Earnings Estimate Revisions - The current quarter's earnings estimate for PDD is $2.89 per share, reflecting a significant increase of +100.7% year-over-year, with a recent change of +3.6% in the consensus estimate [3] - The consensus earnings estimate for the current fiscal year stands at $12.32, indicating a year-over-year change of +87.8%, with a +2% change over the last 30 days [3] - For the next fiscal year, the earnings estimate is $14.95, showing a change of +21.4% from the previous year, with a +1.4% change recently [3] Revenue Growth Forecast - The consensus sales estimate for the current quarter is $13.72 billion, indicating a year-over-year change of +90.3% [5] - The sales estimates for the current and next fiscal years are $56.27 billion and $71.59 billion, reflecting changes of +62.4% and +27.2%, respectively [5] Last Reported Results and Surprise History - In the last reported quarter, PDD Holdings Inc. achieved revenues of $12.02 billion, a year-over-year increase of +119.4%, and EPS of $2.83 compared to $1.01 a year ago [6] - The reported revenues exceeded the Zacks Consensus Estimate of $10.62 billion by +13.2%, and the EPS surprise was +76.87% [6] - The company has consistently beaten consensus EPS and revenue estimates in the last four quarters [6] Valuation - PDD Holdings Inc. is graded C in the Zacks Value Style Score, indicating it is trading at par with its peers [9] - Valuation multiples such as price-to-earnings (P/E), price-to-sales (P/S), and price-to-cash flow (P/CF) are essential for assessing whether the stock is fairly valued [7] Bottom Line - The Zacks Rank 1 suggests that PDD Holdings Inc. may outperform the broader market in the near term, warranting attention to its market buzz [10]

Group 1 - Rosen Law Firm is investigating potential securities claims on behalf of shareholders of PDD Holdings Inc. due to allegations of materially misleading business information [1] - A class action is being prepared by Rosen Law Firm to seek recovery of investor losses without any out-of-pocket fees for those who purchased PDD securities [1] - Arkansas Attorney General Tim Griffin has filed a lawsuit against PDD Holdings Inc. and WhaleCo Inc. for violations of the Arkansas Deceptive Trade Practices Act and the Arkansas Personal Information Protection Act [2] Group 2 - Following the lawsuit announcement, PDD's American Depositary Receipts fell by 1.3% on June 26, 2024, and 4.6% on June 27, 2024 [2] - Rosen Law Firm has a strong track record in securities class actions, having achieved the largest settlement against a Chinese company and recovering hundreds of millions for investors [3] - The firm has been consistently ranked among the top firms for securities class action settlements since 2013, securing over $438 million for investors in 2019 alone [3]

Group 1 - Rosen Law Firm is investigating potential securities claims on behalf of shareholders of PDD Holdings Inc. due to allegations of materially misleading business information [1] - PDD Holdings Inc. is facing a lawsuit from the Arkansas Attorney General for violations of the Arkansas Deceptive Trade Practices Act and the Arkansas Personal Information Protection Act, with claims that its e-commerce platform Temu functions as malware and spyware [2] - Following the lawsuit announcement, PDD's American Depositary Receipts fell by 1.3% on June 26, 2024, and 4.6% on June 27, 2024 [2] Group 2 - The Rosen Law Firm emphasizes the importance of selecting qualified legal counsel with a successful track record in securities class actions, highlighting its own achievements in this area [3] - The firm has secured the largest ever securities class action settlement against a Chinese company and has consistently ranked highly in securities class action settlements since 2013 [3]