Even though PDD Holdings (NASDAQ: PDD) had little proprietary news to report on Tuesday, its stock was affected by the latest analyst moves. Several pundits tracking the Chinese e-commerce incumbent cut their price targets a day after its latest earnings release -- with one even downgrading her recommendation -- leading to a sell-off by Mr. Market.

PDD's American depositary receipts (ADRs) ended the day more than 4% lower in price, contrasting unfavorably with the slight (0.2%) gain of the bellwether S&P 500 index.

Although PDD posted very strong growth in some of its second-quarter fundamentals, the company still fell short of the consensus analyst revenue estimate, although it beat on profitability. Management's pronouncement of potentially difficult times ahead also dampened investor sentiment.

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Source Fool.com