Market Cap
$110.9B
PDD
PDD Holdings Inc.
$75.11 ▼ -1.81%
Prev close $76.50Market cap$110.9B
ConsensusBuy
12-mo target$114.70 (+52.7%)
▲ Bullish
Analyst conviction 6/10
Insider Selling Cluster (2 insiders)High Impact Filing (8/10)30 New Institutional Positions20 Institutional Exits E-commerce & Platforms
Snapshot
The big-picture read on PDD right now — valuation, ownership and activity at a glance.
Cap Size
Large Cap
Analyst Consensus
Buy (63%)
Inst. Holders
50 funds
Inst. Value
$28.4B
Inst. Activity
30 buys / 20 sells
Insider Activity
$0.00 buy / $348.3K sell
Insider Net $
-$348.3K
Social Sentiment
44° Neutral
SEC Reports
7
Press Releases
2
Price chart 30d -8.7%
Daily candles (open–high–low–close) with volume. Green = up day, red = down day.
No data for this timeframe.
Vol
Recent activity
The latest filings, insider trades, analyst actions, press and options flow — newest first.
Oct 1, 2026 short_volume
Short Volume: PDD — 55.7% short (0.8M / 1.5M)
Short: 813,606 | Exempt: 40 | TRF Vol: 1,461,829 | Short Ratio: 55.7% | Off-exchange volume (dark po
Sep 29, 2026 Event
Baxter v. PDD Holdings Inc. et al
Court ruling (nyed) — Docket: 1:24-cv-05653
Sep 3, 2026 Insider
Kam Anthony Ping Leung sold 1,705 shares
Director @ $82.20 ($140.2K)
Sep 1, 2026 Insider
Kam Anthony Ping Leung acquired via exercise 1,705 shares
Director
Sep 1, 2026 Insider
Aug 25, 2026 SEC Kam Anthony Ping Leung acquired via exercise 1,220 shares
Director
PDD Holdings reported Q2 2026 revenue of RMB112.4B (+8% YoY) and operating profit of RMB27.8B (+8% YoY), but net income
6-K — Impact 6/10
Jun 30, 2026 Inst.
H&H International Investment, LLC — ADD
25,022,094 shares ($1.9B)
Jun 30, 2026 Inst.
GOLDMAN SACHS GROUP INC — ADD
14,006,939 shares ($1.1B)
Analyst ratings buy % -10.0%
How Wall Street rates the stock today, and the latest firm-by-firm actions.
63% rate it Buy or better · 41 analysts
Recent analyst actions
| Date | Firm | Action | Rating | Firm rating |
|---|---|---|---|---|
| Sep 10, 2026 | JP Morgan | MAINTAIN | Neutral | 55% |
| Aug 25, 2026 | Benchmark | MAINTAIN | Buy | 54% |
| Jun 24, 2026 | Daiwa Capital | DOWNGRADE | Hold | 52% |
| Jun 23, 2026 | Daiwa Capital | DOWNGRADE | Hold | 52% |
| Jun 16, 2026 | BNP Paribas | INITIATE | Underperform | — |
| May 28, 2026 | Barclays | DOWNGRADE | Equal-Weight | 54% |
| May 28, 2026 | Macquarie | DOWNGRADE | Neutral | 55% |
| May 28, 2026 | Bernstein | MAINTAIN | Market Perform | 51% |
| May 28, 2026 | Benchmark | MAINTAIN | Buy | 54% |
| May 27, 2026 | Citigroup | MAINTAIN | Buy | 55% |
Monthly consensus history
| Period | Str. Buy | Buy | Hold | Sell | Str. Sell | Buy % | Distribution |
|---|---|---|---|---|---|---|---|
| Sep 1, 2026 | 6 | 20 | 13 | 2 | 0 | 63% | |
| Aug 1, 2026 | 6 | 19 | 14 | 2 | 0 | 61% | |
| Jul 1, 2026 | 6 | 19 | 14 | 2 | 0 | 61% | |
| Jun 1, 2026 | 7 | 19 | 13 | 1 | 0 | 65% | |
| May 1, 2026 | 9 | 24 | 9 | 1 | 0 | 77% | |
| Apr 1, 2026 | 9 | 23 | 10 | 1 | 0 | 74% | |
| Mar 1, 2026 | 9 | 22 | 11 | 1 | 0 | 72% | |
| Feb 1, 2026 | 9 | 21 | 12 | 1 | 0 | 70% |
Price targets
Where 34 covering analysts think PDD trades over the next 12 months.
$114.70 +52.7% upside Strong Buy
Current$75.12 Low$85.31 Median$114.92 High$150.51 34 analysts
$85.31$150.51
Analyst rating Buy· 2.1/5 as of Oct 2, 2026
Social media sentiment mood -20.0%
Retail-investor mood aggregated across social media. 0° = very bearish, 100° = very bullish.
44°
Neutral
BearishNeutralBullish
Recent posts
PDD Q2 Earnings Call Live Transcript
▲ 1 · 💬 0· ⚡ 0.5
What the H*ll is "Warren Buffett" Doing?!
▲ 1 · 💬 5· ⚡ 0.5
A year ago, Michael Burry sold everything except Estee Lauder. He also bought puts on Nvidia.
▲ 1 · 💬 1· ⚡ 0.5
PDD Q1 Earnings Call Live Transcript
▲ 1 · 💬 0· ⚡ 0.5
PDD Holdings(Temu) Just Hit a Fresh 52-Week Low. Buyers or Sellers Heading Into Earnings?
▲ 1 · 💬 0· ⚡ 0.5
Reports & filings
AI-scored summaries of recent SEC filings and press releases, with sentiment and impact.
7 SEC filing reports analyzed · 1 bullish, 3 bearish, 1 mixed, 2 neutral · avg impact 5.0/10.Plus 2 press releases.
BEARISH6-K6/10
PDD Holdings reported Q2 2026 revenue of RMB112.4B (+8% YoY) and operating profit of RMB27.8B (+8% Y
Aug 25, 2026
BEARISH6-K6/10
PDD Holdings reported Q1 2026 revenue of RMB106.2B (+11% YoY) and operating profit of RMB19.6B (+22%
May 28, 2026
MIXEDPRESS-RELEASE5/10
PDD Holdings reported Q1 2026 revenue of RMB106.2B ($15.4B), up 11% YoY, and GAAP EPS of RMB8.94 per
May 27, 2026
NEUTRALPRESS-RELEASE2/10
PDD announced its Q1 2026 earnings release date (May 27 before market open) — a routine scheduling e
May 20, 2026
Upcoming & catalyst events
Scheduled dates plus disclosed catalysts — earnings, dividends, enforcement, FDA and clinical-trial events. Colored dot = impact.
Oct 1, 2026
short_volume
Short Volume: PDD — 55.7% short (0.8M / 1.5M)
Short: 813,606 | Exempt: 40 | TRF Vol: 1,461,829 | Short Ratio: 55.7% | Off-exchange volume (dark pool + OTC)
Sep 29, 2026
options_unusual
Unusual Put: PDD $110 2027-06-17 — $3.0M premium
Vol: 901 vs OI: 1,067 (0.8x). Price: $33.00, IV: 38%, Delta: -0.88. Direction: UNKNOWN
Sep 29, 2026
short_volume
Short Volume: PDD — 58.7% short (0.8M / 1.4M)
Short: 821,878 | Exempt: 729 | TRF Vol: 1,400,846 | Short Ratio: 58.7% | Off-exchange volume (dark pool + OTC)
Sep 29, 2026
Enforcement
Baxter v. PDD Holdings Inc. et al
Court ruling (nyed) — Docket: 1:24-cv-05653
Sep 24, 2026
short_volume
Short Volume: PDD — 57.4% short (0.7M / 1.2M)
Short: 699,424 | Exempt: 6 | TRF Vol: 1,218,264 | Short Ratio: 57.4% | Off-exchange volume (dark pool + OTC)
Earnings estimates
Forecast earnings per share and revenue by period — and whether estimates are rising.
| Period | EPS Est. | Range | Growth | 30d Rev | Up/Dn | Revenue | # |
|---|---|---|---|---|---|---|---|
| Current Q | $18.84 | $16.79–$21.23 | -10.6% | +0.2% | 5↑ 3↓ | $115.6B | 11 |
| Next Q | $20.27 | $17.55–$24.32 | 14.6% | -0.7% | 4↑ 4↓ | $131.4B | 9 |
| Current FY | $68.57 | $61.28–$78.28 | -5.3% | -0.8% | 12↑ 10↓ | $466.0B | 28 |
| Next FY | $82.58 | $61.95–$96.20 | 20.4% | -0.8% | 11↑ 12↓ | $518.1B | 29 |
Current-quarter EPS estimate — revision history
| When | EPS estimate | Change vs now |
|---|---|---|
| Current | $18.841 | — |
| 7d ago | $18.841 | — |
| 30d ago | $18.806 | +0.036 |
| 60d ago | $18.575 | +0.266 |
| 90d ago | $18.575 | +0.266 |
Institutional ownership
Which big funds own PDD (from quarterly 13F filings) and who is adding or trimming.
50 institutional holders with $28.4B total value (371,997,783 shares) as of 2026-Q2. Top holders: Erste, BlackRock,, BAILLIE. Net buying activity: 30 institutions added/increased vs 20 reduced.
Top holders — 2026-Q2
| Fund | Shares | Value | % Tracked | Last move |
|---|---|---|---|---|
| Erste Asset Management GmbH | 0 | $0.00 | 0.0% | — |
| BlackRock, Inc. | 31,969,893 | $2.4B | 8.6% | — |
| BAILLIE GIFFORD & CO | 26,594,535 | $2.0B | 7.1% | — |
| H&H International Investment, LLC | 25,022,094 | $1.9B | 6.7% | ADD +26.7% |
| VANGUARD CAPITAL MANAGEMENT LLC | 24,646,256 | $1.9B | 6.6% | — |
| Invesco Ltd. | 22,228,242 | $1.7B | 6.0% | — |
| JANE STREET GROUP, LLC | 20,421,600 | $1.6B | 5.5% | DOUBLED +2612.9% |
| JANE STREET GROUP, LLC | 14,164,300 | $1.1B | 3.8% | DOUBLED +2612.9% |
| GOLDMAN SACHS GROUP INC | 14,006,939 | $1.1B | 3.8% | ADD +44.3% |
| Himalaya Capital Management LLC | 10,761,119 | $820.9M | 2.9% | DOUBLED +133.5% |
Recent position changes
| Fund | Action | Prev | Current | Change | Value |
|---|---|---|---|---|---|
| H&H International Investment, LLC | ADD | 19,748,294 | 25,022,094 | +26.7% | $1.9B |
| GOLDMAN SACHS GROUP INC | ADD | 9,705,935 | 14,006,939 | +44.3% | $1.1B |
| Himalaya Capital Management LLC | DOUBLED | 4,608,000 | 10,761,119 | +133.5% | $820.9M |
| NORGES BANK | NEW | — | 9,338,120 | — | $712.3M |
| UBS Group AG | DOUBLED | 2,501,539 | 5,635,629 | +125.3% | $429.9M |
| MORGAN STANLEY | TRIM | 7,388,892 | 5,483,249 | -25.8% | $418.3M |
| Orbis Allan Gray Ltd | DOUBLED | 1,744,048 | 5,353,562 | +207.0% | $408.4M |
| JANE STREET GROUP, LLC | DOUBLED | 176,715 | 4,794,185 | +2612.9% | $365.7M |
| Mitsubishi UFJ Trust & Banking Corp | ADD | 3,565,421 | 4,760,515 | +33.5% | $363.1M |
| Temasek Holdings (Private) Ltd | TRIM | 4,926,061 | 3,622,972 | -26.5% | $276.4M |
Insider activity
Buying and selling by company executives and directors (SEC Form 4).
5 insiders, 13 transactions. Net -$348.3K — $0.00 bought, $348.3K sold.
| Date | Insider | Title | Type | Shares | Price | Value |
|---|---|---|---|---|---|---|
| Sep 3, 2026 | Kam Anthony Ping Leung | Director | SELL | 1,705 | $82.20 | $140.2K |
| Sep 1, 2026 | Kam Anthony Ping Leung | Director | EXERCISE | 1,705 | — | — |
| Sep 1, 2026 | Kam Anthony Ping Leung | Director | EXERCISE | 1,220 | — | — |
| Sep 1, 2026 | Kam Anthony Ping Leung | Director | EXERCISE | 485 | — | — |
| Sep 1, 2026 | Kam Anthony Ping Leung | Director | AWARD | 391 | — | — |
| Aug 1, 2026 | Yeo George Yong-Boon | Director | EXERCISE | 1,584 | — | — |
| Aug 1, 2026 | Yeo George Yong-Boon | Director | EXERCISE | 1,045 | — | — |
| Aug 1, 2026 | Yeo George Yong-Boon | Director | EXERCISE | 539 | — | — |
| Aug 1, 2026 | Yeo George Yong-Boon | Director | AWARD | 423 | — | — |
| Jul 1, 2026 | Zhao Jiazhen | Co-Chief Executive Officer | AWARD | 50,000 | — | — |
Short interest & halts
FINRA semi-monthly short positions, Reg SHO threshold status, and recent trading halts for PDD.
Shares short
28,248,886
Settlement Sep 15, 2026
Change vs prior
-11.2%
Semi-monthly cycle
Days to cover
4.1
At avg daily volume
Of shares outstanding
≈2.0%
Estimate — not % of float
All PDD filing & press-release reports (9)
- 6-K reportAug 25, 2026
- 6-K reportMay 28, 2026
- PRESS-RELEASE reportMay 27, 2026
- PRESS-RELEASE reportMay 20, 2026
- 20-F reportApr 29, 2026
- CLUSTER reportApr 1, 2026
- PRESS-RELEASE reportMar 25, 2026
- PRESS-RELEASE reportMar 18, 2026
- INST-CLUSTER reportFeb 28, 2026