Dingdong (Cayman) Limited Sponsored ADR $DDL Shares Purchased by GSA Capital Partners LLP

GSA Capital Partners LLP increased its stake in Dingdong (Cayman) Limited Sponsored ADR (NYSE:DDL) by 188.4% in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 304,692 shares of the company’s stock after acquiring an additional 199,033 shares during the quarter. GSA Capital Partners LLP owned approximately 0.13% of Dingdong (Cayman) worth $631,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Y Intercept Hong Kong Ltd acquired a new stake in shares of Dingdong (Cayman) in the second quarter valued at about $54,000. BNP Paribas Financial Markets boosted its holdings in Dingdong (Cayman) by 43,678.9% in the 2nd quarter. BNP Paribas Financial Markets now owns 33,272 shares of the company’s stock worth $67,000 after buying an additional 33,196 shares during the last quarter. Caxton Associates LLP purchased a new stake in Dingdong (Cayman) during the 2nd quarter worth approximately $147,000. XTX Topco Ltd purchased a new stake in Dingdong (Cayman) during the 2nd quarter worth approximately $334,000. Finally, Norges Bank acquired a new position in shares of Dingdong (Cayman) during the second quarter valued at approximately $593,000. 24.66% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms recently commented on DDL. Weiss Ratings reissued a “hold (c)” rating on shares of Dingdong (Cayman) in a research note on Monday, December 29th. Wall Street Zen cut shares of Dingdong (Cayman) from a “buy” rating to a “hold” rating in a research report on Saturday, November 15th. Finally, Zacks Research lowered shares of Dingdong (Cayman) from a “hold” rating to a “strong sell” rating in a research report on Monday, January 19th. One equities research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Reduce”.

Dingdong (Cayman) Price Performance

Dingdong (Cayman) stock opened at $2.78 on Monday. The firm has a 50 day simple moving average of $2.77 and a 200-day simple moving average of $2.26. The stock has a market cap of $655.54 million, a price-to-earnings ratio of 16.32 and a beta of 0.42. Dingdong has a 1-year low of $1.65 and a 1-year high of $3.85.

Dingdong (Cayman) Profile

Dingdong (Cayman) Inc, which operates under the Dingdong Fresh brand, is a China-based online grocery and fresh food delivery platform. The company leverages a network of urban micro-fulfillment centers to offer consumers a wide selection of produce, meats, seafood, dairy, packaged goods and everyday household items through its mobile application and website.

Orders placed via the Dingdong Fresh app are fulfilled from strategically located dark stores within target neighborhoods, enabling the company to promise delivery times as fast as 20–30 minutes.