PDD Holdings Inc.
At today's price, PDD Holdings Inc. (PDD) is priced for today's economics sustained for ~5.9 years. boothcheck doesn't publish a fair value or a price target; it shows what the price assumes, so you can judge whether that bar is too high. Built from SEC EDGAR filings.
• PDD runs trailing revenue near $61.8 billion at operating margins in the low-to-mid 20s with roughly $15.3 billion of free cash flow and about $15.6 billion of net cash, a profitability-and-balance-sheet profile uncommon among platforms still growing at its pace. • The biggest specific risk is the removal of the U.S. de minimis exemption, which hits Temu's ultra-cheap cross-border model directly; the FY2025 20-F warns trade restrictions could "increase our and merchants' costs" and "prevent me
Is PDD overvalued? See what's priced in →
544 institutional managers reported holding PDD in 13F filings for the quarter ended 2026-03-31. Together they hold about 7% of the company; the top 10 hold 3%. 61 opened new positions that quarter. Held by BlackRock, Vanguard Group, Baillie Gifford, among others. On the short side, 34.2M shares were sold short as of the 2026-06-15 count, about 0.6% of shares outstanding (4.1 days of typical volume to cover).
Quarterly 13F filings arrive up to 45 days after quarter end, so the picture is never current (filed through 2026-05-29). Nothing here is investment advice.
PDD's share count grew 9.8% over the past five years. It pays no dividend.
Share counts are split-adjusted; repurchase totals are gross of share issuance. Nothing here is investment advice.
Last analyzed: July 3, 2026
Each week boothcheck ranks the stocks whose prices are betting on the most. Read the most stretched bets archive →
boothcheck is also on Android. Get the app on Google Play →
For informational and research purposes only. Not investment advice. Not a recommendation to buy, sell, or hold any security. boothcheck is not a registered investment adviser. Past performance does not guarantee future results.