Acadian Asset Management LLC Lowers Stock Holdings in Dingdong (Cayman) Limited Sponsored ADR $DDL

Acadian Asset Management LLC trimmed its holdings in shares of Dingdong (Cayman) Limited Sponsored ADR (NYSE:DDL) by 34.0% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 1,748,642 shares of the company’s stock after selling 902,257 shares during the period. Acadian Asset Management LLC owned approximately 0.74% of Dingdong (Cayman) worth $4,706,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in the business. Point72 Asia Singapore Pte. Ltd. lifted its holdings in shares of Dingdong (Cayman) by 319.2% during the fourth quarter. Point72 Asia Singapore Pte. Ltd. now owns 12,866 shares of the company’s stock valued at $42,000 after purchasing an additional 9,797 shares during the last quarter. Two Sigma Advisers LP purchased a new position in shares of Dingdong (Cayman) during the fourth quarter valued at approximately $47,000. Mackenzie Financial Corp purchased a new position in shares of Dingdong (Cayman) during the first quarter valued at approximately $81,000. Two Sigma Investments LP purchased a new position in shares of Dingdong (Cayman) during the fourth quarter valued at approximately $110,000. Finally, Public Employees Retirement System of Ohio lifted its holdings in shares of Dingdong (Cayman) by 78.3% during the fourth quarter. Public Employees Retirement System of Ohio now owns 122,661 shares of the company’s stock valued at $402,000 after purchasing an additional 53,885 shares during the last quarter. 24.66% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Separately, Wall Street Zen raised shares of Dingdong (Cayman) from a “hold” rating to a “buy” rating in a research report on Saturday, August 30th.

Dingdong (Cayman) Trading Down 3.3%

NYSE:DDL opened at $2.20 on Friday. Dingdong has a 12 month low of $1.95 and a 12 month high of $4.79. The company has a market cap of $518.52 million, a PE ratio of 10.45 and a beta of 0.47. The company has a 50 day simple moving average of $2.19 and a two-hundred day simple moving average of $2.35.

Dingdong (Cayman) (NYSE:DDL) last posted its earnings results on Thursday, August 21st. The company reported $0.06 EPS for the quarter. Dingdong (Cayman) had a net margin of 1.39% and a return on equity of 41.69%. The business had revenue of $834.20 million during the quarter. Research analysts forecast 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.