Core Points - A shareholder class action lawsuit has been filed against PDD Holdings Inc. alleging materially false and misleading statements regarding the company's business and operations [1] - The lawsuit claims that PDD's applications contained malware designed to obtain user data without consent, including reading private text messages [1] - It is alleged that PDD lacks a meaningful system to prevent forced labor goods from being sold on its platform and has sold banned products on its Temu platform [1] - The aforementioned issues have subjected the company to increased legal and political scrutiny [1] Legal Information - Shareholders who purchased PDD shares between April 30, 2021, and June 25, 2024, and suffered significant losses are encouraged to discuss their legal rights [2] - The deadline to request to be appointed lead plaintiff in the case is October 15, 2024 [3] - Holzer & Holzer, LLC is a law firm specializing in shareholder class action and derivative litigation, having recovered hundreds of millions for shareholders affected by corporate misconduct [3]

SAN DIEGO, Aug. 13, 2024 (GLOBE NEWSWIRE) -- Robbins Geller Rudman & Dowd LLP announces that purchasers or acquirers of PDD Holdings Inc. f/k/a Pinduoduo Inc. (NASDAQ: PDD) publicly traded securities between April 30, 2021 and June 25, 2024, inclusive (the “Class Period”), have until October 15, 2024 to seek appointment as lead plaintiff of the PDD class action lawsuit. Captioned Baxter v. PDD Holdings Inc. f/k/a Pinduoduo Inc., No. 24-cv-05653 (E.D.N.Y.), the PDD class action lawsuit charges PDD and certai ...

NEW YORK, Aug. 13, 2024 (GLOBE NEWSWIRE) -- WHY: Rosen Law Firm, a global investor rights law firm, announces it has filed a class action lawsuit on behalf of purchasers of the securities of PDD Holdings Inc. f/k/a Pinduoduo Inc. (NASDAQ: PDD) between April 30, 2021 and June 25, 2024, both dates inclusive (the “Class Period”). A class action has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than October 15, 2024 in the securities class action first filed by th ...

In the latest trading session, PDD Holdings Inc. Sponsored ADR (PDD) closed at $144.02, marking a +1.09% move from the previous day. The stock fell short of the S&P 500, which registered a gain of 1.69% for the day. Meanwhile, the Dow experienced a rise of 1.04%, and the technology-dominated Nasdaq saw an increase of 2.43%.The the stock of company has risen by 3.25% in the past month, leading the Conglomerates sector's gain of 1.47% and the S&P 500's loss of 4.78%.Investors will be eagerly watching for the ...

Investors interested in Diversified Operations stocks are likely familiar with PDD Holdings Inc. Sponsored ADR (PDD) and 3M (MMM) . But which of these two companies is the best option for those looking for undervalued stocks? Let's take a closer look.There are plenty of strategies for discovering value stocks, but we have found that pairing a strong Zacks Rank with an impressive grade in the Value category of our Style Scores system produces the best returns. The proven Zacks Rank puts an emphasis on earnin ...

Core Viewpoint - Rosen Law Firm is investigating potential securities claims on behalf of shareholders of PDD Holdings Inc. due to allegations of materially misleading business information being issued to the public [1] Group 1: Legal Actions and Allegations - 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, claiming that Temu, an e-commerce platform, functions as malware and spyware [2] - Following the announcement of the lawsuit, PDD's American Depositary Receipts fell by 1.3% on June 26, 2024, and 4.6% on June 27, 2024 [2] Group 2: Class Action Information - Investors who purchased PDD securities may be entitled to compensation through a class action lawsuit, with no out-of-pocket fees or costs due to a contingency fee arrangement [1] - Interested parties can join the prospective class action by visiting the provided link or contacting the Rosen Law Firm directly [1] Group 3: Rosen Law Firm's Credentials - The Rosen Law Firm has a strong track record in securities class actions, having achieved the largest securities class action settlement against a Chinese company and being ranked No. 1 for the number of settlements in 2017 [3] - The firm has recovered hundreds of millions of dollars for investors, securing over $438 million in 2019 alone [3]

Core Viewpoint - PDD Holdings has experienced a stock decline of 5.7% year-to-date, underperforming the industry and S&P 500 index, primarily due to weak market conditions in China and escalating U.S.-China tensions [1] Group 1: Market Performance - The company faces stiff competition in both domestic and international e-commerce markets, with its global business still in the exploration stage [2] - PDD Holdings' stock performance is negatively impacted by declining export volumes in China, affecting not only PDD but also competitors like Alibaba and JD.com [1] Group 2: E-commerce Business Strength - The strength of PDD's e-commerce business model, particularly through its Pinduoduo platform, is a significant positive factor, enhancing customer engagement and online retail penetration [3] - A diverse range of product offerings, including agricultural produce and household goods, attracts customers to the Pinduoduo platform [3] - The company is focused on strengthening relationships with top brands and small to medium merchants globally to expand its offerings [3] Group 3: Technical Advancements and Agriculture Focus - PDD Holdings plans to invest RMB 10 billion in technical advancements in 2024, marking its second consecutive year of such investment [4] - The company's strong positioning in agriculture, promoting digital inclusion for smallholder farmers, is a notable advantage [5] - Partnerships with local communities and efforts to support a new generation of skilled farmers and merchants enhance PDD's agricultural initiatives [5] Group 4: Financial Projections and Liquidity - The Zacks Consensus Estimate for 2024 revenues is $56.27 billion, indicating a year-over-year growth of 62.4% [6] - The consensus estimate for 2024 earnings is $12.32 per share, suggesting an 87.8% growth from the previous year [6] - PDD Holdings has a strong liquidity position, with cash and short-term investments of RMB 242.1 billion as of March 31, 2024, and no long-term debt [6] Group 5: Valuation and Investment Opportunity - PDD is currently trading at a forward 12-month P/E of 9.92X, which is lower than the industry average of 14.83X, indicating a solid investment opportunity [7] - The company holds a Value Score of B and a Growth Score of A, which are favorable indicators for investors [8] Group 6: Conclusion - The combination of strong e-commerce momentum, solid financial health, and rising earnings estimates presents a compelling case for buying PDD stock at current levels [9]

Stock Performance - PDD Holdings Inc Sponsored ADR closed at $133 15, up 0 4% from the previous session, outperforming the S&P 500 which lost 0 77%, the Dow which lost 0 6%, and the Nasdaq which lost 1 05% [1] - Over the last month, PDD shares decreased by 3 7%, underperforming the Conglomerates sector's gain of 3 33% but outperforming the S&P 500's loss of 5 85% [1] Earnings and Revenue Projections - The upcoming EPS is projected at $2 89, a 100 69% increase compared to the same quarter of the previous year [1] - The Zacks Consensus Estimate for revenue projects net sales of $13 72 billion, up 90 3% from the year-ago period [1] - For the entire fiscal year, earnings are projected at $12 32 per share and revenue at $56 27 billion, representing increases of 87 8% and 62 43%, respectively, from the prior year [2] Analyst Estimates and Revisions - Recent changes to analyst estimates reflect shifting short-term business patterns, with positive revisions indicating confidence in the company's business performance and profit potential [2] - The Zacks Consensus EPS estimate has remained steady over the past month, and PDD currently holds a Zacks Rank of 2 (Buy) [3] Valuation Metrics - PDD is trading at a Forward P/E ratio of 10 77, a discount compared to the industry average of 17 45 [3] - The company has a PEG ratio of 0 21, significantly lower than the industry average of 1 78, indicating a favorable earnings growth trajectory [3] Industry Overview - The Diversified Operations industry, part of the Conglomerates sector, has a Zacks Industry Rank of 50, placing it in the top 20% of all industries [4] - Research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1 [4]

NEW YORK, Aug. 03, 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] ...

PDD Holdings Inc - ADR (NASDAQ:PDD) stock is seeing support from bullish quantified data as well as seasonal tailwinds, per Schaeffer’s Senior Quantitative Analyst Rocky White. The security pulled back to its long-term 200-day moving average, and the past three times this occurred, the stock was higher one month later with an average 8.79% rise. Plus, PDD has seen positive returns in August 67% of the time since the stock’s inception, averaging a 15.8% return. There is trading at the last large put strike, ...