(April 1) Analysts Are Much More Bullish On Pinduoduo Inc. Revenues.
The analysts have sharply increased their revenue numbers, with a view that Pinduoduo will make substantially more sales than they'd previously expected.
Following the upgrade, the current consensus from Pinduoduo's 34 analysts is for revenues of CN¥102b in 2021 which - if met - would reflect a huge 72% increase on its sales over the past 12 months. Before the latest update, the analysts were foreseeing CN¥81b of revenue in 2021. The consensus has definitely become more optimistic, showing a great increase in revenue forecasts.
In addition, Cathy Wood's Ark Bought Pinduoduo On Wednesday.
Trades ForArk Fintech Innovation ETF(NYSE:ARKF):
JD.com(NASDAQ:JD): Bought 141,876 shares of the Chinese online e-commerce company, representing about 0.3% of the ETF.
JD.com stock closed 1.60% higher at $84.33 on Wednesday. It has a 52-week high of $108.29 and low of $39.26.
Pinduoduo Inc(NASDAQ:PDD): Bought 57,877 shares of the agriculture-focused technology platform in China, representing about 0.196% of the ETF.
Pinduoduo stock closed 1.15% lower at $133.88 on Wednesday and was further up 0.46% in the after-hours. It has a 52-week high of $212.6 and low of $33.90.
Sea Ltd(NYSE:SE): Bought 20,09 shares of the internet and mobile platform company, representing about 0.11% of the ETF.
Sea shares closed 4.14% higher at $223.23 on Wednesday. It has a 52-week high of $285 and low of $40.41.
Shopify Inc(NYSE:SHOP): Bought 18,184 shares of the Canadian e-commerce company, representing about 0.5059% of the ETF.
Shopify shares closed 5.5% higher at $1106.50 on Wednesday. It has a 52-week high of $1499.75 and low of $334.55.
PayPal Holdings Inc(NASDAQ:PYPL): Sold 161,846 shares of the online payment company, representing about 0.99% of the ETF.
PayPal shares closed 2.66% higher at $242.84 on Wednesday and were up 0.19% in the after-hours. It has a 52-week high of $309.14 and low of $89.8.
Lending Tree Inc(NASDAQ:TREE
Lending stock closed 3.34% higher at $213 on Wednesday. It has a 52-week high of $372.64 and low of $135.7.
Trades ForArk Genomic Revolution ETF(NYSE:ARKG):
908 Devices Inc(NASDAQ:MASS): Bought 10,200 shares of the purpose-built handheld and devices for chemical and biomolecular analysis company, representing about 0.050% of the ETF.
908 Devices stock closed 8.11% higher at $48.50 on Wednesday. It has a 52-week high of $79.60 and low of $38.88.
Butterfly Network Inc(NYSE:BFLY): Bought 621,228 shares of the medical imaging devices company, representing about 0.1108% of the ETF.
Butterfly shares closed 3.11% lower at $16.83 on Wednesday and were up 3.27% in the after-hours. It has a 52-week high of $29.13 and low of $9.34.
Adaptive Biotechnology Corp(NASDAQ:ADPT): Bought 700 shares of the life sciences company, representing about 0.0003% of the ETF.
Adaptive shares closed 7.13% higher at $40.26 on Wednesday and were up 0.35% in the after-hours. It has a 52-week high of $71.25 and low of $23.68.
Accolade Inc(NASDAQ:ACCD): Bought 32,667 shares of the healthcare tech company, representing about 0.0157% of the ETF.
Accolade stock closed 2% higher at $45.37 on Wednesday. It has a 52-week high of $65.25 and low of $28.68.
Phreesia Inc(NYSE:PHR): Sold 99,100 shares of the healthcare software services company, representing about 0.054% of the ETF.
Phreesia shares closed 0.12% lower at $52.10 on Wednesday. It has a 52-week high of $81.59 and low of $17.27.
Syros Pharmaceuticals Co(NASDAQ:SYRS): Sold 102,526 shares of the biopharmaceutical company that focuses on the development of treatments for cancer and monogenic diseases, representing about 0.0082% of the ETF.
Syros stock closed 3.24% higher at $7.48 on Wednesday. It has a 52-week high of $15.65 and low of $4.88.
Trades ForArk Innovation ETF(NYSE:ARKK)
Fate Therapeutics Inc(NASDAQ:FATE): Bought 2,660 shares of the cancer treatment development company, representing about 0.0009% of the ETF.
Fate shares closed 11.28% higher at $82.45 on Wednesday. It has a 52-week high of $121.16 and low of $19.80.
PayPal Holdings Inc(NASDAQ:PYPL): Sold 66,500 shares of the online payment company, representing about 0.0725% of the ETF.
PayPal shares closed 2.66% higher at $242.84 on Wednesday and were up 0.19% in the after-hours. It has a 52-week high of $309.14 and low of $89.8.
Trades ForARK Next Generation Internet ETF(NYSE:ARKW):
Agora Inc(NASDAQ:API): Sold 101,999 shares of the software company, representing about 0.075% of the ETF.
Agora shares closed 0.67% lower at $50.27 on Wednesday. It has a 52-week high of $114.96 and low of $33.60.
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