Jump Financial LLC Invests $512,000 in Dingdong (Cayman) Limited (NYSE:DDL)

Jump Financial LLC acquired a new position in shares of Dingdong (Cayman) Limited (NYSE:DDL - Free Report) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 156,100 shares of the company's stock, valued at approximately $512,000. Jump Financial LLC owned 0.07% of Dingdong (Cayman) as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of DDL. Jane Street Group LLC boosted its position in Dingdong (Cayman) by 110.8% during the third quarter. Jane Street Group LLC now owns 248,189 shares of the company's stock valued at $881,000 after acquiring an additional 130,470 shares during the last quarter. Allspring Global Investments Holdings LLC bought a new stake in shares of Dingdong (Cayman) during the 4th quarter valued at about $1,197,000. Harvest Fund Management Co. Ltd grew its stake in Dingdong (Cayman) by 11,194.0% during the fourth quarter. Harvest Fund Management Co. Ltd now owns 302,680 shares of the company's stock worth $993,000 after purchasing an additional 300,000 shares during the period. Inspire Investing LLC bought a new stake in Dingdong (Cayman) in the fourth quarter worth approximately $674,000. Finally, Connor Clark & Lunn Investment Management Ltd. increased its holdings in Dingdong (Cayman) by 195.3% in 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. Institutional investors own 24.66% of the company's stock.

Dingdong (Cayman) Stock Performance

Dingdong (Cayman) stock opened at $2.61 on Thursday. The stock has a market capitalization of $616.56 million, a price-to-earnings ratio of 29.00 and a beta of 0.55. Dingdong has a 52-week low of $1.18 and a 52-week high of $4.79. The stock's 50 day moving average price is $2.85 and its two-hundred day moving average price is $3.40.

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

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

Dingdong (Cayman) Company 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.

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