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PDD

Pinduoduo

$23.53

-0.92 (-3.76%)

06:18
04/04/19
04/04
06:18
04/04/19
06:18

Pinduoduo's sales and marketing expenses wipe out revenues, FT reports

Pinduoduo spent $1.50 for every dollar of sales in the last quarter of 2018 burning through cash as it looked to attract customers, the Financial Times' Louis Lucas reports, citing company employees and industry sources. In the last three months of 2018, sales and marketing expenses alone rose eight-fold year-on-year to RMB6B, or $876m, wiping out the RMB5.65B the company generated in revenues but Pinduoduo has defended the spending saying it is designed to buy future growth as the number of monthly active users doubled year on year in the last quarter to 273m. Reference Link

PDD Pinduoduo
$23.53

-0.92 (-3.76%)

11/15/18
OTRG
11/15/18
NO CHANGE
OTRG
Pinduoduo sales meeting or exceeding expectations, says OTR Global
OTR Global's checks with Pinduoduo vendors indicates aggressive marketing and increased brand awareness have resulted in increased users and vendors meeting or exceeding expectations.
01/16/19
MSCO
01/16/19
INITIATION
Target $29
MSCO
Overweight
Pinduoduo initiated with an Overweight at Morgan Stanley
Morgan Stanley analyst Grace Chen initiated Pinduoduo with an Overweight rating and $29 price target, citing her view that the company is "best positioned" to benefit from growth in e-commerce in low-tier cities in China.
03/06/19
UBSW
03/06/19
INITIATION
UBSW
Buy
Pinduoduo initiated with a Buy at UBS
03/06/19
03/06/19
INITIATION

Fly Intel: Top five analyst initiations
Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. Voyager Therapeutics (VYGR) initiated with an Overweight at Cantor Fitzgerald. 2. L.B. Foster (FSTR) initiated with a Buy at B. Riley FBR. 3. Raymond James (RJF) initiated with a Buy at Argus. 4. Chegg (CHGG) initiated with a Buy at Berenberg. 5. Pinduoduo (PDD) initiated with a Buy at UBS. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.

TODAY'S FREE FLY STORIES

NWL

Newell Brands

$13.84

-0.4 (-2.81%)

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Newell Brands put volume heavy and directionally bearish »

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U.S. Treasury tax receipts continue to surge »

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GILD

Gilead

$63.57

0.75 (1.19%)

11:48
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IMMR

Immersion

$9.27

0.03 (0.32%)

11:45
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Options
Immersion call volume above normal and directionally bullish »

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11:45
04/25/19
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Treasury's $85 B 4- and 8-week bill auctions were mixed »

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4-Week Bill Auction Total Amount data reported »

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FB

Facebook

$193.51

10.87 (5.95%)

, TSLA

Tesla

$251.50

-7.2 (-2.78%)

11:38
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On The Fly
Facebook upgrade, Tesla downgrade among today's top calls »

Check out today's top…

FB

Facebook

$193.51

10.87 (5.95%)

TSLA

Tesla

$251.50

-7.2 (-2.78%)

PTC

PTC

$90.78

-11.16 (-10.95%)

XLNX

Xilinx

$116.64

-23.15 (-16.56%)

GD

General Dynamics

$178.46

-2.21 (-1.22%)

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PAGS

PagSeguro Digital

$26.34

-0.14 (-0.53%)

11:35
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Options
PagSeguro Digital put volume heavy and directionally bearish »

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  • 14

    May

ZAYO

Zayo Group

$30.67

-1.075 (-3.39%)

11:31
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Zayo Group analyst commentary at Wells Fargo »

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  • 09

    May

CGI

Symbol changed to CGIP

$0.00

(0.00%)

, CGIP

Celadon Group

$0.00

(0.00%)

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Celadon Group announces resolutions of DOJ, SEC investigations »

Celadon Group announced…

CGI

Symbol changed to CGIP

$0.00

(0.00%)

CGIP

Celadon Group

$0.00

(0.00%)

03/08/13
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LBTYK

Liberty Global

$26.04

-0.35 (-1.33%)

11:25
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Options
Liberty Global call volume above normal and directionally bullish »

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  • 07

    May

WABC

Westamerica

$62.57

-0.87 (-1.37%)

11:21
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Westamerica increases quarterly cash dividend to 41c from 40c per share »

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  • 25

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$NSD

NASDAQ Market Internals

$0.00

(0.00%)

11:17
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Technical Analysis
NASDAQ market internals summary »

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$NYE

NYSE Market Internals

$0.00

(0.00%)

11:16
04/25/19
04/25
11:16
04/25/19
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Technical Analysis
NYSE market internals summary »

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11:15
04/25/19
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11:15
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General news
Treasury announced $75 B in 3- and 6-month bill auctions for Monday »

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APC

Anadarko

$71.51

0.1 (0.14%)

11:10
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Options
Bullish three-way spread in Anadarko targets an 8% move »

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General news
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CGI

Symbol changed to CGIP

$0.00

(0.00%)

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SEC charges Celadon Group with accounting fraud »

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T

AT&T

$30.27

-0.51 (-1.66%)

, DIS

Disney

$135.26

0.16 (0.12%)

11:04
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Periodicals
Disney in talks to buy Comcast's 30% stake in Hulu, CNBC reports »

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T

AT&T

$30.27

-0.51 (-1.66%)

DIS

Disney

$135.26

0.16 (0.12%)

CMCSK

Comcast

$0.00

(0.00%)

CMCSA

Comcast

$43.75

1.88 (4.49%)

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11:03
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General news
Kansas City Fed Manufacturing Index Level data reported »

April Kansas City Fed…

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