Company Performance - PDD Holdings Inc. Sponsored ADR closed at $127.43, reflecting a -0.61% change from the previous day's closing price, underperforming the S&P 500 which gained 0.47% [1] - Over the past month, shares of PDD have appreciated by 30.32%, outperforming the Conglomerates sector's gain of 6.52% and the S&P 500's gain of 3.48% [1] - The upcoming earnings release is expected to show an EPS of $2.74, indicating a 76.77% growth year-over-year, with revenue forecasted at $14.17 billion, representing a 50.15% increase compared to the same quarter last year [1] Annual Estimates - For the annual period, Zacks Consensus Estimates project earnings of $11.95 per share and revenue of $55.97 billion, reflecting increases of +82.16% and +61.55% respectively from the previous year [2] Analyst Outlook - Recent changes in analyst estimates for PDD Holdings indicate a favorable outlook on the company's business health and profitability, with positive revisions suggesting potential stock price performance [2] - The Zacks Rank system, which ranges from 1 (Strong Buy) to 5 (Strong Sell), currently ranks PDD Holdings at 3 (Hold) [3] Valuation Metrics - PDD Holdings is trading at a Forward P/E ratio of 10.73, which is below the industry average Forward P/E of 18.74, suggesting it is trading at a discount [3] - The company has a PEG ratio of 0.29, significantly lower than the Diversified Operations industry's average PEG ratio of 1.87 [3] Industry Context - The Diversified Operations industry, part of the Conglomerates sector, holds a Zacks Industry Rank of 93, placing it in the top 37% of over 250 industries [4] - The top 50% rated industries, as per the Zacks Industry Rank, tend to outperform the bottom half by a factor of 2 to 1 [4]

Group 1 - The core viewpoint is a bullish stance on PDD Holdings, with a target share price of at least $200, indicating a 30% upside potential from the current level [1] Group 2 - Astrada Advisors specializes in delivering actionable investment recommendations that enhance portfolio performance and uncover alpha opportunities, backed by a strong track record in investment research [2] - The firm has expertise in technology, media, internet, and consumer sectors across North America and Asia, allowing it to identify high-potential investments and navigate complex industries [2] - Astrada Advisors integrates rigorous fundamental analysis with data-driven insights to provide a nuanced understanding of key trends, growth drivers, and competitive landscapes [2] - The focus of Astrada Advisors is to empower investors with timely research and a comprehensive view of industry dynamics, especially in volatile markets or when exploring new trends [2]

Group 1: Market Reaction - Chinese stocks experienced a pullback following disappointing trade data, raising concerns that recent stimulus measures may be insufficient to revive growth [1][2] - Major companies such as PDD Holdings, Tencent, and Li Auto saw significant declines in their stock prices, with drops of 6.1%, 4.8%, and 4.4% respectively [1] - The recent rally in Chinese stocks, which began in September, is now reversing as investors reassess the effectiveness of government stimulus plans [1][4] Group 2: Trade Data Insights - China's trade data revealed a 2.4% increase in exports and a 0.3% increase in imports year-over-year, both figures falling short of expectations [2] - The consumer price index showed only a 0.1% increase in September, the lowest inflation rate since February 2021, raising concerns about potential deflation [2] Group 3: Government Stimulus Measures - China's finance minister announced plans to support regional banks and stabilize the property market, but details on direct fiscal stimulus for households were lacking [3] - The government may raise $846 billion in special long bonds to assist local governments with off-balance sheet debt, but this measure is perceived as insufficient for stimulating consumer demand [3] Group 4: Investor Sentiment - Investors are divided on the outlook for Chinese stocks, with some hedge fund managers taking opposing positions following recent stimulus announcements [5] - There is a consensus that a more substantial stimulus is needed to restore consumer confidence and drive growth, alongside potential structural reforms [5]

Core Viewpoint - Securities class action lawsuits have been filed against PDD Holdings Inc. for allegedly misleading investors about its growth and concealing significant risks to its business during the Class Period from April 30, 2021, to September 12, 2024 [1][2]. Group 1: Allegations Against PDD Holdings Inc. - Defendants are accused of promoting PDD's growth while hiding unsustainable factors that posed risks, including unprofitable merchant policies, malware issues, and inadequate compliance systems [2]. - Specific allegations include that PDD's merchant policies led to operational cost savings at the expense of vendor profitability, and that malware on PDD applications compromised user data [2]. - The company reportedly faced undisclosed risks related to poor merchant and customer relations, resulting in significant financial repercussions such as hundreds of millions of dollars in fees returned to merchants [2]. Group 2: Legal Process for Investors - Investors in PDD can seek to be appointed as lead plaintiffs by October 15, 2024, through Kessler Topaz Meltzer & Check, LLP or other legal counsel [3]. - A lead plaintiff represents the interests of all class members and typically has the largest financial stake in the case [3]. - Participation as a lead plaintiff does not affect the ability of other investors to share in any potential recovery from the lawsuit [3]. Group 3: Firm Information - Kessler Topaz Meltzer & Check, LLP is known for prosecuting class actions and has a reputation for recovering billions for victims of corporate misconduct [5]. - The firm encourages affected PDD investors to contact them for more information regarding the lawsuits [4][5].

Core Viewpoint - A class action securities lawsuit has been filed against PDD Holdings Inc. (formerly Pinduoduo Inc.) alleging securities fraud affecting investors between April 30, 2021, and September 12, 2024 [1][2]. Group 1: Allegations and Legal Context - The lawsuit claims that PDD's applications contained malware designed to obtain user data without consent, including reading private text messages [2]. - It is alleged that PDD lacks a meaningful system to prevent the sale of goods made by forced labor on its platform and has sold banned products on its Temu platform [2]. - The aforementioned issues have subjected the company to increased legal and political scrutiny, rendering previous statements about its business operations materially false and misleading [2]. Group 2: Investor Information - Investors who suffered losses during the specified timeframe have until October 15, 2024, to request appointment as lead plaintiff, although participation in any recovery does not require serving as a lead plaintiff [2]. - Class members may be entitled to compensation without any out-of-pocket costs or fees, with no obligation to participate [3]. Group 3: Legal Firm Background - Levi & Korsinsky, LLP has a history of securing hundreds of millions of dollars for shareholders and has been recognized as one of the top securities litigation firms in the United States for seven consecutive years [3].

Core Viewpoint - PDD Holdings Inc. is facing a class action lawsuit due to allegations of issuing misleading statements and failing to disclose critical information regarding its operations and practices, particularly concerning user data security and labor practices [1][2]. Group 1: Allegations and Class Period - The class period for the lawsuit is defined as April 30, 2021, to September 12, 2024 [1]. - Allegations include that PDD's applications contained malware designed to obtain user data without consent, including access to private text messages [1]. - It is claimed that PDD lacks a meaningful system to prevent the sale of goods made by forced labor and has sold banned products on its Temu platform [1]. - The company is said to be exposed to increased legal and political scrutiny due to these issues [1]. Group 2: Shareholder Actions - Shareholders who purchased PDD shares during the specified class period are encouraged to register for the class action and may seek lead plaintiff status [2]. - The deadline for shareholders to register and seek lead plaintiff status is October 15, 2024 [2]. - Registered shareholders will receive updates through a portfolio monitoring software throughout the case lifecycle [2]. Group 3: Law Firm's Commitment - The Gross Law Firm is a nationally recognized class action law firm focused on protecting investors' rights against deceit and illegal business practices [3]. - The firm aims to ensure companies adhere to responsible business practices and seeks recovery for investors who suffered losses due to misleading statements [3].

NEW YORK, Oct. 13, 2024 (GLOBE NEWSWIRE) -- WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of American Depositary Shares of PDD Holdings Inc. f/k/a Pinduoduo Inc. (NASDAQ: PDD) between April 30, 2021 and September 12, 2024, both dates inclusive (the “Class Period”), as well as those who purchased call options or sold put options during the Class Period, of the important October 15, 2024 lead plaintiff deadline in the securities class action first filed by the Firm. SO WHAT: If y ...

RADNOR, Pa., Oct. 11, 2024 (GLOBE NEWSWIRE) -- The law firm of Kessler Topaz Meltzer & Check, LLP (www.ktmc.com) informs investors that securities class action lawsuits have been filed in the United States District Court for the Eastern District of New York against PDD Holdings Inc. f/k/a Pinduoduo Inc. (“PDD”) (NASDAQ: PDD) on behalf of investors who purchased or otherwise acquired PDD securities between April 30, 2021 and September 12, 2024, inclusive (the “Class Period”). The lead plaintiff deadline is O ...

In the latest trading session, PDD Holdings Inc. Sponsored ADR (PDD) closed at $141.58, marking a +0.08% move from the previous day. The stock outpaced the S&P 500's daily loss of 0.21%. At the same time, the Dow lost 0.14%, and the tech-heavy Nasdaq lost 0.05%.Prior to today's trading, shares of the company had gained 48.48% over the past month. This has outpaced the Conglomerates sector's gain of 13.72% and the S&P 500's gain of 5.94% in that time.The investment community will be closely monitoring the pe ...

RADNOR, Pa., Oct. 10, 2024 /PRNewswire/ -- The law firm of Kessler Topaz Meltzer & Check, LLP (www.ktmc.com) informs investors that securities class action lawsuits have been filed against PDD Holdings Inc. f/k/a Pinduoduo Inc. ("PDD") (NASDAQ: PDD) on behalf of investors who purchased or otherwise acquired PDD securities between April 30, 2021 and September 12, 2024, inclusive (the "Class Period") The lead plaintiff deadline is October 15, 2024.CONTACT KESSLER TOPAZ MELTZER & CHECK, LLP: If you suffered PD ...