Inspire Investing LLC Makes New Investment in Dingdong (Cayman) Limited (NYSE:DDL)

Inspire Investing LLC acquired a new stake in shares of Dingdong (Cayman) Limited (NYSE:DDL - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 205,620 shares of the company's stock, valued at approximately $674,000.

Other hedge funds also recently made changes to their positions in the company. Quadrature Capital Ltd increased 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 valued at $168,000 after buying an additional 22,302 shares in the last quarter. Virtu Financial LLC purchased a new stake in shares of Dingdong (Cayman) during the third quarter valued at $115,000. GSA Capital Partners LLP lifted its holdings in shares of Dingdong (Cayman) by 81.0% during the third 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 during the last quarter. Centiva Capital LP acquired a new position in shares of Dingdong (Cayman) in the 3rd quarter valued at $170,000. Finally, State Street Corp increased its stake in Dingdong (Cayman) by 32.7% in the 3rd quarter. State Street Corp now owns 253,119 shares of the company's stock worth $899,000 after purchasing an additional 62,338 shares in the last quarter. Institutional investors and hedge funds own 24.66% of the company's stock.

Dingdong (Cayman) Trading Up 1.6 %

DDL stock traded up $0.06 during mid-day trading on Friday, reaching $3.43. 291,209 shares of the stock traded hands, compared to its average volume of 583,580. Dingdong has a 52-week low of $1.08 and a 52-week high of $4.79. The stock's fifty day moving average is $3.80 and its 200-day moving average is $3.12. The company has a market cap of $770.10 million, a P/E ratio of 38.06 and a beta of 0.44.

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

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.