Walleye Capital LLC purchased a new stake in Dingdong (Cayman) Limited (NYSE:DDL - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 679,022 shares of the company's stock, valued at approximately $2,227,000. Walleye Capital LLC owned about 0.29% of Dingdong (Cayman) as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds have also recently bought and sold shares of the stock. Bank of Nova Scotia acquired a new position in shares of Dingdong (Cayman) during the 4th quarter worth approximately $33,000. Diametric Capital LP acquired a new stake in Dingdong (Cayman) during the fourth quarter worth approximately $63,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS acquired a new stake in Dingdong (Cayman) during the fourth quarter worth approximately $105,000. Virtu Financial LLC bought a new position in Dingdong (Cayman) during the 3rd quarter worth $115,000. Finally, B. Metzler seel. Sohn & Co. AG acquired a new position in Dingdong (Cayman) in the 4th quarter valued at $157,000. 24.66% of the stock is currently owned by institutional investors and hedge funds.
Dingdong (Cayman) Stock Up 3.8 %
Shares of DDL traded up $0.10 during trading hours on Wednesday, hitting $2.60. 914,224 shares of the company were exchanged, compared to its average volume of 763,559. Dingdong has a fifty-two week low of $1.18 and a fifty-two week high of $4.79. The company has a market cap of $613.01 million, a price-to-earnings ratio of 29.06 and a beta of 0.55. The firm's fifty day moving average is $2.87 and its 200 day moving average is $3.41.
Dingdong (Cayman) (NYSE:DDL - Get Free Report) last posted its earnings results on Thursday, March 6th. The company reported $0.06 earnings per share for the quarter, topping analysts' consensus estimates of $0.04 by $0.02. The firm had revenue of $808.99 million for the quarter, compared to analysts' expectations of $798.85 million. Dingdong (Cayman) had a net margin of 0.90% and a return on equity of 40.86%. Analysts anticipate that Dingdong will post 0.07 EPS for the current year.
Dingdong (Cayman) declared that its Board of Directors has authorized a share repurchase program on Thursday, March 6th that permits the company to buyback $20.00 million in outstanding shares. This buyback authorization permits the company to purchase up to 2.7% of its shares through open market purchases. Shares buyback programs are typically a sign that the company's leadership believes its shares are undervalued.
About Dingdong (Cayman)
(
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.
Further Reading
Before you consider Dingdong (Cayman), you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Dingdong (Cayman) wasn't on the list.
While Dingdong (Cayman) currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Wondering where to start (or end) with AI stocks? These 10 simple stocks can help investors build long-term wealth as artificial intelligence continues to grow into the future.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
