14,300 Shares in Dingdong (Cayman) Limited (NYSE:DDL) Purchased by Two Sigma Advisers LP

Two Sigma Advisers LP purchased a new position in Dingdong (Cayman) Limited (NYSE:DDL) during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 14,300 shares of the company’s stock, valued at approximately $47,000.

A number of other institutional investors and hedge funds also recently bought and sold shares of DDL. Point72 Asia Singapore Pte. Ltd. grew its stake in shares of Dingdong (Cayman) by 319.2% in the 4th quarter. Point72 Asia Singapore Pte. Ltd. now owns 12,866 shares of the company’s stock worth $42,000 after purchasing an additional 9,797 shares during the last quarter. Bank of Nova Scotia bought a new stake in Dingdong (Cayman) during the fourth quarter worth approximately $33,000. Susquehanna Fundamental Investments LLC bought a new stake in Dingdong (Cayman) during the fourth quarter worth approximately $35,000. Diametric Capital LP acquired a new position in Dingdong (Cayman) in the fourth quarter worth approximately $63,000. Finally, New York State Common Retirement Fund increased its holdings in shares of Dingdong (Cayman) by 36.8% in the fourth quarter. New York State Common Retirement Fund now owns 88,389 shares of the company’s stock valued at $290,000 after buying an additional 23,774 shares in the last quarter. 24.66% of the stock is owned by institutional investors and hedge funds.

Dingdong (Cayman) Stock Up 0.7%

Shares of NYSE DDL opened at $2.05 on Monday. Dingdong has a 12 month low of $1.62 and a 12 month high of $4.79. The company has a market cap of $483.09 million, a price-to-earnings ratio of 22.72 and a beta of 0.47. The business has a fifty day simple moving average of $2.29 and a 200-day simple moving average of $3.08.

Dingdong (Cayman) (NYSE:DDL) last posted its quarterly earnings data 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 return on equity of 40.86% and a net margin of 0.90%. The firm had revenue of $808.99 million for the quarter, compared to the consensus estimate of $798.85 million. As a group, sell-side analysts expect that Dingdong will post 0.07 EPS for the current fiscal year.

Dingdong (Cayman) announced that its board has initiated a share buyback plan on Thursday, March 6th that permits the company to buyback $20.00 million in outstanding shares. This buyback authorization permits the company to reacquire up to 2.7% of its stock through open market purchases. Stock buyback plans are usually a sign that the company’s board of directors believes its shares are undervalued.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen downgraded Dingdong (Cayman) from a “strong-buy” rating to a “buy” rating in a research report on Saturday, May 24th.

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.