PDD Holdings stock: Weiss cuts rating to Sell

Published on 10/23/2026 at 16:36 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

PDD reported CNY 112.40 billion in second-quarter revenue on August 24, 2026. PDD Holdings stock costs EUR 70.30 on October 23, 2026.

Weiss rating and earnings date

Weiss Ratings cut PDD Holdings from Hold (c-) to Sell (d+) on October 9, 2026.
PDD reported CNY 112.40 billion in second-quarter 2026 revenue, up 8.00 percent year over year.
PDD Holdings stock costs EUR 70.30 at Lang & Schwarz on October 23, 2026 at 4:31 p.m. CEST.
PDD is expected to report third-quarter 2026 results on November 18, 2026.

PDD Holdings, US7223041028, Illustration mit AI erstellt.

PDD Holdings (ISIN US7223041028) received a Sell rating from Weiss Ratings on October 9, 2026, after the firm cut its view from Hold (c-) to Sell (d+), as MarketBeat reported. At Lang & Schwarz, the stock was trading at EUR 70.30 on October 23, 2026 at 4:31 p.m. CEST.

Revenue grew as profit fell

The latest reported quarter delivered a mixed operating picture. PDD reported CNY 112.40 billion in second-quarter 2026 revenue, up 8.00 percent from CNY 104.00 billion a year earlier. Net income declined 12.00 percent to CNY 27.20 billion from CNY 30.80 billion, while net margin fell to 24.20 percent from 29.60 percent, according to Simply Wall St on October 15, 2026.

Nasdaq range stays wide

For US-listed investors, the Nasdaq quote was USD 78.89 on October 23, 2026 at 10:35 a.m. ET. The 52-week range was USD 71.94 to USD 139.41, placing the quote 9.66 percent above the low and 43.48 percent below the high. PDD's market capitalization was USD 112.3 billion, and its price-to-earnings ratio was 8.33 on October 23, 2026.

What comes next for PDD?

The next scheduled reporting date is November 18, 2026, before the US market opens. MarketBeat lists expected third-quarter 2026 revenue of USD 17.25 billion and earnings per share of USD 2.77. The company last reported on August 24, 2026, when quarterly revenue was USD 16.54 billion and earnings per share were USD 2.84.

Comparison with peers

Alibaba Group Holding (NYSE, USD): down 1.97 percent, price-to-earnings ratio 22.42, market capitalization USD 248.3 billion.

JD.com (Nasdaq, USD): down 1.19 percent, price-to-earnings ratio 16.61, market capitalization USD 34.3 billion.

Stock price and investor view

PDD combines continued sales growth with a lower reported margin and a rating cut from Weiss Ratings. The upcoming November report will test whether the second-quarter pattern of higher revenue and weaker profit has continued.

The further course of trading is shown by the continuously updated real-time quote of PDD Holdings stock.