Movement Alert|PDD Holdings Falls 4.17% in Pre-Market Trading, Market Pressured by Slowing Growth Expectations Ahead of Earnings Week

Market Focus05-22 16:44

On May 22, PDD Holdings fell 4.17% in pre-market trading, trading at $94.32/share, with trading volume of $12.04 million. The decline comes as the company is set to report Q1 earnings on May 27, with market consensus projecting revenue of approximately RMB 109.3 billion, representing only 6.66% year-over-year growth, and adjusted EPS of RMB 16.63, down 10.16% year-over-year, continuing a trend of revenue growth without profit growth.

Sentiment is further weighed down by recent 13F filings revealing that Hillhouse Capital (HHLR) reduced its PDD position by over 6.56 million shares, a 61% cut, as the fund pivoted toward AI semiconductors. Meanwhile, notable investors Duan Yongping and NetEase substantially increased their positions, absorbing much of the selling pressure. The stock currently trades near its 52-week low, with concerns over domestic platform GMV deceleration amid competition from Douyin and Kuaishou e-commerce, as well as Temu's ongoing losses, intensifying ahead of the earnings release.

(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.)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment