PDD (NASDAQ:PDD) Cut to “Equal Weight” at Barclays

PDD (NASDAQ:PDD) was downgraded by Barclays from an “overweight” rating to an “equal weight” rating in a report issued on Thursday, MarketBeat reports. They currently have a $89.00 price objective on the stock. Barclays‘s price objective indicates a potential upside of 2.76% from the company’s previous close.

Several other equities analysts also recently issued reports on PDD. The Goldman Sachs Group reissued a “buy” rating on shares of PDD in a report on Thursday. Morgan Stanley set a $129.00 price target on shares of PDD in a report on Wednesday. Wall Street Zen downgraded shares of PDD from a “buy” rating to a “hold” rating in a report on Saturday, January 31st. Sanford C. Bernstein set a $110.00 price target on shares of PDD in a report on Wednesday. Finally, Jefferies Financial Group reissued a “buy” rating on shares of PDD in a report on Wednesday. Eight research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $131.33.

PDD Trading Down 10.4%

PDD stock opened at $86.61 on Thursday. The company has a market capitalization of $123.28 billion, a P/E ratio of 9.21, a PEG ratio of 0.91 and a beta of 0.04. The firm has a 50 day simple moving average of $99.13 and a 200-day simple moving average of $106.92. PDD has a twelve month low of $83.61 and a twelve month high of $139.41.

Hedge Funds Weigh In On PDD

Several institutional investors and hedge funds have recently bought and sold shares of PDD. Oaktree Capital Management LP bought a new stake in shares of PDD in the 1st quarter valued at approximately $493,000. RBF Capital LLC bought a new stake in shares of PDD in the 1st quarter valued at approximately $2,044,000. H&H International Investment LLC grew its stake in shares of PDD by 71.2% in the 1st quarter. H&H International Investment LLC now owns 19,748,294 shares of the company’s stock valued at $2,017,881,000 after buying an additional 8,211,600 shares in the last quarter. Oddo BHF Asset Management Sas grew its stake in shares of PDD by 97.8% in the 1st quarter. Oddo BHF Asset Management Sas now owns 9,100 shares of the company’s stock valued at $930,000 after buying an additional 4,500 shares in the last quarter. Finally, California State Teachers Retirement System grew its stake in shares of PDD by 17.2% in the 1st quarter. California State Teachers Retirement System now owns 362,290 shares of the company’s stock valued at $37,019,000 after buying an additional 53,081 shares in the last quarter. Hedge funds and other institutional investors own 39.83% of the company’s stock.

More PDD News

Here are the key news stories impacting PDD this week:

• Negative Sentiment: PDD reported first-quarter results that missed analyst expectations on both profit and revenue, including EPS well below consensus and revenue below forecasts, which pressured the stock. PDD Holdings Announces First Quarter 2026 Unaudited Financial Results
• Negative Sentiment: News reports highlighted that PDD shares fell sharply after the miss, with investors focused on weaker-than-expected profitability despite 11% revenue growth. PDD Holdings shares slide after revenue and profit miss
• Negative Sentiment: Additional coverage said Temu parent PDD posted a profit miss amid intensifying competition in China, reinforcing concerns that margins may stay under pressure. Temu Owner PDD Posts Profit Miss Amid Fierce Competition in China
• Neutral Sentiment: Management also unveiled a three-year supply chain investment plan, which could support long-term competitiveness but may keep near-term spending elevated. PDD’s Supply Chain Push Is Starting To Look More Amazon-Like
• Neutral Sentiment: There was also unusually heavy call-option activity ahead of the report, suggesting some traders were positioned for a larger move in the stock. PDD stock information
• Neutral Sentiment: An article discussing court trials between PDD and Shein over alleged copyright infringement adds legal overhang, but it is less directly tied to today’s earnings-driven move. Court trials between PDD and Shein

PDD Company Profile

PDD (NASDAQ: PDD) is the holding company best known for operating Pinduoduo, a China-based, mobile-first e-commerce platform that emphasizes interactive, social shopping and group-buying mechanics to drive user engagement and low prices. Founded in 2015 by entrepreneur Colin Huang, the business has grown by connecting consumers directly with merchants and manufacturers, with particular emphasis on value-oriented goods and fresh agricultural produce. The company is based in Shanghai and completed a U.S.