Commonwealth of Pennsylvania Public School Empls Retrmt SYS Invests $105,000 in Dingdong (Cayman) Limited (NYSE:DDL)

Commonwealth of Pennsylvania Public School Empls Retrmt SYS acquired a new stake in shares of Dingdong (Cayman) Limited (NYSE:DDL) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 31,986 shares of the company’s stock, valued at approximately $105,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of DDL. Centiva Capital LP acquired a new position in Dingdong (Cayman) during the 3rd quarter valued at approximately $170,000. Quadrature Capital Ltd raised its stake in Dingdong (Cayman) by 87.9% in the 3rd quarter. Quadrature Capital Ltd now owns 47,686 shares of the company’s stock worth $168,000 after acquiring an additional 22,302 shares during the last quarter. State Street Corp raised its stake in Dingdong (Cayman) by 32.7% in the 3rd quarter. State Street Corp now owns 253,119 shares of the company’s stock worth $899,000 after acquiring an additional 62,338 shares during the last quarter. Jane Street Group LLC grew its stake in Dingdong (Cayman) by 110.8% during the 3rd quarter. Jane Street Group LLC now owns 248,189 shares of the company’s stock valued at $881,000 after purchasing an additional 130,470 shares during the last quarter. Finally, XTX Topco Ltd acquired a new position in shares of Dingdong (Cayman) in the third quarter valued at about $225,000. 24.66% of the stock is owned by hedge funds and other institutional investors.

Dingdong (Cayman) Stock Down 0.2 %

Shares of NYSE:DDL opened at $2.84 on Friday. The business has a 50-day moving average price of $3.28 and a 200-day moving average price of $3.50. The stock has a market cap of $669.71 million, a price-to-earnings ratio of 31.50 and a beta of 0.44. Dingdong has a 52-week low of $1.08 and a 52-week high of $4.79.

Dingdong (Cayman) (NYSE:DDL) last posted its quarterly earnings results on Thursday, March 6th. The company reported $0.06 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.04 by $0.02. The company had revenue of $808.99 million during the quarter, compared to analyst estimates of $798.85 million. Dingdong (Cayman) had a net margin of 0.90% and a return on equity of 40.86%. As a group, equities analysts anticipate that Dingdong will post 0.07 EPS for the current fiscal year.

Dingdong (Cayman) announced that its board has approved a stock repurchase plan on Thursday, March 6th that allows the company to repurchase $20.00 million in outstanding shares. This repurchase authorization allows the company to repurchase up to 2.7% of its shares through open market purchases. Shares repurchase plans are usually an indication that the company’s board believes its shares are 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.