JPMorgan Chase & Co. Decreases Stake in Dingdong (Cayman) Limited (NYSE:DDL)

JPMorgan Chase & Co. decreased its position in shares of Dingdong (Cayman) Limited (NYSE:DDL - Free Report) by 77.9% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 98,934 shares of the company's stock after selling 349,468 shares during the quarter. JPMorgan Chase & Co.'s holdings in Dingdong (Cayman) were worth $351,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Quadrature Capital Ltd lifted its holdings in shares of Dingdong (Cayman) by 87.9% in the third quarter. Quadrature Capital Ltd now owns 47,686 shares of the company's stock worth $168,000 after acquiring an additional 22,302 shares during the last quarter. Virtu Financial LLC bought a new position in shares of Dingdong (Cayman) in the third quarter worth about $115,000. GSA Capital Partners LLP lifted its holdings in shares of Dingdong (Cayman) by 81.0% in the third quarter. GSA Capital Partners LLP now owns 72,561 shares of the company's stock worth $258,000 after acquiring an additional 32,478 shares during the last quarter. Centiva Capital LP acquired a new position in shares of Dingdong (Cayman) in the third quarter valued at approximately $170,000. Finally, State Street Corp increased its stake in shares of Dingdong (Cayman) by 32.7% in the third quarter. State Street Corp now owns 253,119 shares of the company's stock valued at $899,000 after buying an additional 62,338 shares during the period. Institutional investors own 24.66% of the company's stock.

Dingdong (Cayman) Stock Performance

Shares of Dingdong (Cayman) stock traded up $0.15 on Thursday, hitting $3.49. The stock had a trading volume of 282,241 shares, compared to its average volume of 548,102. The stock has a 50 day moving average of $3.75 and a 200 day moving average of $3.15. Dingdong has a twelve month low of $1.08 and a twelve month high of $4.79. The firm has a market capitalization of $770.10 million, a P/E ratio of 38.72 and a beta of 0.44.

Dingdong (Cayman) (NYSE:DDL - Get Free Report) last released its quarterly earnings data on Wednesday, November 6th. The company reported $0.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.03 by $0.06. The company had revenue of $931.69 million during the quarter, compared to the consensus estimate of $756.72 million. Dingdong (Cayman) had a return on equity of 40.86% and a net margin of 0.90%. Equities analysts expect that Dingdong will post 0.07 earnings per share for the current year.

Dingdong (Cayman) Profile

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.