Harvest Fund Management Co. Ltd Acquires 300,000 Shares of Dingdong (Cayman) Limited (NYSE:DDL)

Harvest Fund Management Co. Ltd increased its stake in Dingdong (Cayman) Limited (NYSE:DDL - Free Report) by 11,194.0% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 302,680 shares of the company's stock after buying an additional 300,000 shares during the period. Harvest Fund Management Co. Ltd owned 0.13% of Dingdong (Cayman) worth $993,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Quadrature Capital Ltd increased its holdings in shares of Dingdong (Cayman) by 87.9% during the third quarter. Quadrature Capital Ltd now owns 47,686 shares of the company's stock valued at $168,000 after acquiring an additional 22,302 shares in the last quarter. New York State Common Retirement Fund grew its position in Dingdong (Cayman) by 36.8% during the 4th quarter. New York State Common Retirement Fund now owns 88,389 shares of the company's stock valued at $290,000 after purchasing an additional 23,774 shares during the last quarter. Virtu Financial LLC bought a new stake in Dingdong (Cayman) during the 3rd quarter valued at about $115,000. 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 valued at $258,000 after purchasing an additional 32,478 shares in the last quarter. Finally, Centiva Capital LP bought a new position in shares of Dingdong (Cayman) in the third quarter worth approximately $170,000. Institutional investors own 24.66% of the company's stock.

Dingdong (Cayman) Stock Performance

Shares of NYSE:DDL traded up $0.02 during trading on Monday, reaching $2.92. 363,447 shares of the stock traded hands, compared to its average volume of 769,648. The stock has a market cap of $688.60 million, a P/E ratio of 32.39 and a beta of 0.44. The stock has a 50-day moving average of $3.31 and a two-hundred day moving average of $3.51. Dingdong has a 52-week low of $1.08 and a 52-week high of $4.79.

Remove Ads

Dingdong (Cayman) (NYSE:DDL - Get Free Report) last issued its earnings results on Thursday, March 6th. The company reported $0.06 EPS for the quarter, beating the consensus estimate of $0.04 by $0.02. The business had revenue of $808.99 million for the quarter, compared to the consensus estimate of $798.85 million. Dingdong (Cayman) had a return on equity of 40.86% and a net margin of 0.90%. Sell-side analysts expect that Dingdong will post 0.07 earnings per share for the current year.

Dingdong (Cayman) announced that its Board of Directors has approved a stock buyback program on Thursday, March 6th that permits the company to repurchase $20.00 million in shares. This repurchase authorization permits the company to reacquire up to 2.7% of its shares through open market purchases. Shares repurchase programs are typically a sign that the company's board of directors believes its stock is undervalued.

About Dingdong (Cayman)

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.