On May 22, PDD Holdings fell 5% in regular trading, trading at $94.05/share, with trading volume of $334 million. The decline comes as the company approaches its Q1 earnings release scheduled for May 27, with market consensus projecting revenue of approximately RMB 109.3 billion, representing only 6.66% year-over-year growth, while adjusted EPS is expected at RMB 16.63, down 10.16% year-over-year, extending a revenue-up-but-profit-down trend.
Adding to selling pressure, recent 13F filings revealed that Hillhouse Capital (HHLR) reduced its PDD position by 61% during Q1, shedding over 6.5 million shares. Capital Today and Appaloosa also trimmed holdings by 15% and 49% respectively. The stock currently trades near its 52-week low, approximately 7.5% above the bottom, as concerns over domestic platform GMV deceleration and ongoing Temu losses were amplified ahead of the earnings release. Within the Broadline Retail sector, Chinese e-commerce peers also weakened, with Alibaba down 2.41% and JD.com down 2.83%.
(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)
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