Dingdong (Cayman) Limited (NYSE:DDL - Get Free Report) gapped up before the market opened on Friday . The stock had previously closed at $3.38, but opened at $3.56. Dingdong (Cayman) shares last traded at $3.47, with a volume of 361,031 shares.
Dingdong (Cayman) Price Performance
The business's 50 day moving average price is $3.53 and its 200-day moving average price is $3.31. The company has a market cap of $835.07 million, a P/E ratio of 39.28 and a beta of 0.45.
Institutional Trading of Dingdong (Cayman)
Hedge funds and other institutional investors have recently made changes to their positions in the business. Arrowstreet Capital Limited Partnership grew its holdings in Dingdong (Cayman) by 397.0% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 1,776,675 shares of the company's stock worth $5,827,000 after acquiring an additional 1,419,190 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. lifted its position in shares of Dingdong (Cayman) by 195.3% during the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 2,020,816 shares of the company's stock worth $6,628,000 after purchasing an additional 1,336,471 shares in the last quarter. Marshall Wace LLP grew its stake in shares of Dingdong (Cayman) by 164.8% during the fourth quarter. Marshall Wace LLP now owns 1,924,912 shares of the company's stock valued at $6,314,000 after purchasing an additional 1,198,006 shares during the last quarter. Polymer Capital Management HK LTD acquired a new stake in shares of Dingdong (Cayman) in the fourth quarter valued at approximately $2,590,000. Finally, Walleye Capital LLC bought a new position in Dingdong (Cayman) in the 4th quarter worth approximately $2,227,000. 24.66% of the stock is currently owned by institutional investors and hedge funds.
About Dingdong (Cayman)
(
Get 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.
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