Dingdong (Cayman) Limited (NYSE:DDL - Get Free Report) shares traded up 7.4% during mid-day trading on Friday . The stock traded as high as $4.40 and last traded at $4.37. 158,714 shares were traded during mid-day trading, a decline of 77% from the average session volume of 687,652 shares. The stock had previously closed at $4.07.
Dingdong (Cayman) Price Performance
The stock has a market capitalization of $1.04 billion, a PE ratio of 49.00 and a beta of 0.37. The stock's fifty day moving average is $3.82 and its 200-day moving average is $2.71.
Hedge Funds Weigh In On Dingdong (Cayman)
Institutional investors and hedge funds have recently modified their holdings of the business. Vanguard Group Inc. grew its position in shares of Dingdong (Cayman) by 0.4% in the first quarter. Vanguard Group Inc. now owns 4,849,609 shares of the company's stock valued at $5,917,000 after purchasing an additional 17,900 shares during the period. Acadian Asset Management LLC acquired a new stake in Dingdong (Cayman) in the 2nd quarter worth about $86,000. Renaissance Technologies LLC boosted its holdings in Dingdong (Cayman) by 63.4% in the 2nd 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. GSA Capital Partners LLP increased its stake in Dingdong (Cayman) by 81.0% during the 3rd quarter. GSA Capital Partners LLP now owns 72,561 shares of the company's stock worth $258,000 after buying an additional 32,478 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. raised its holdings in shares of Dingdong (Cayman) by 3,090.3% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 684,345 shares of the company's stock valued at $2,429,000 after acquiring an additional 662,894 shares during the last quarter. Hedge funds and other institutional investors own 24.66% of the company's stock.
Dingdong (Cayman) Company Profile
(
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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