Connor Clark & Lunn Investment Management Ltd. boosted its holdings in Dingdong (Cayman) Limited (NYSE:DDL - Free Report) by 3,090.3% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 684,345 shares of the company's stock after acquiring an additional 662,894 shares during the quarter. Connor Clark & Lunn Investment Management Ltd. owned about 0.29% of Dingdong (Cayman) worth $2,429,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently bought and sold shares of DDL. GSA Capital Partners LLP raised its holdings in shares of Dingdong (Cayman) by 81.0% in the 3rd quarter. GSA Capital Partners LLP now owns 72,561 shares of the company's stock worth $258,000 after purchasing an additional 32,478 shares in the last quarter. Renaissance Technologies LLC grew its position in Dingdong (Cayman) by 63.4% in the second quarter. Renaissance Technologies LLC now owns 690,200 shares of the company's stock worth $1,373,000 after buying an additional 267,700 shares during the last quarter. Acadian Asset Management LLC bought a new position in shares of Dingdong (Cayman) in the second quarter valued at $86,000. Virtu Financial LLC acquired a new stake in shares of Dingdong (Cayman) during the 1st quarter valued at $54,000. Finally, Vanguard Group Inc. boosted its stake in shares of Dingdong (Cayman) by 0.4% during the 1st quarter. Vanguard Group Inc. now owns 4,849,609 shares of the company's stock worth $5,917,000 after acquiring an additional 17,900 shares in the last quarter. 24.66% of the stock is owned by institutional investors and hedge funds.
Dingdong (Cayman) Trading Down 5.6 %
Shares of NYSE DDL traded down $0.22 during mid-day trading on Monday, reaching $3.71. The company had a trading volume of 1,400,338 shares, compared to its average volume of 672,859. The company has a 50-day moving average price of $3.57 and a two-hundred day moving average price of $2.57. The stock has a market cap of $876.41 million, a PE ratio of 41.22 and a beta of 0.34. Dingdong has a 1-year low of $1.07 and a 1-year high of $4.60.
About Dingdong (Cayman)
(
Free Report)
Dingdong (Cayman) Limited operates an e-commerce company in China. The company offers fresh groceries, including vegetables, meat and eggs, fruits, and seafood; prepared food, and other food products, such as baked goods, dairy, seasonings, beverages, instant food, oil, and snacks. It offers its products through traditional offline, as well as online channels through Dingdong Fresh app, mini-programs, and third-party platforms.
Recommended Stories
Before you consider Dingdong (Cayman), you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Dingdong (Cayman) wasn't on the list.
While Dingdong (Cayman) currently has a "Sell" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
MarketBeat has just released its list of 20 stocks that Wall Street analysts hate. These companies may appear to have good fundamentals, but top analysts smell something seriously rotten. Are any of these companies lurking around your portfolio? Find out by clicking the link below.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
