B. Metzler seel. Sohn & Co. AG Makes New Investment in Dingdong (Cayman) Limited (NYSE:DDL)

B. Metzler seel. Sohn & Co. AG bought a new stake in Dingdong (Cayman) Limited (NYSE:DDL) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 47,830 shares of the company’s stock, valued at approximately $157,000.

A number of other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. lifted its position in shares of Dingdong (Cayman) by 0.8% in the 4th quarter. Vanguard Group Inc. now owns 5,459,769 shares of the company’s stock worth $17,908,000 after acquiring an additional 42,772 shares during the period. Connor Clark & Lunn Investment Management Ltd. boosted its stake in Dingdong (Cayman) by 195.3% during the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 2,020,816 shares of the company’s stock worth $6,628,000 after buying an additional 1,336,471 shares in the last quarter. Arrowstreet Capital Limited Partnership increased its holdings in Dingdong (Cayman) by 397.0% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 1,776,675 shares of the company’s stock valued at $5,827,000 after buying an additional 1,419,190 shares during the period. Allspring Global Investments Holdings LLC bought a new position in shares of Dingdong (Cayman) during the 4th quarter worth about $1,197,000. Finally, JPMorgan Chase & Co. boosted its position in shares of Dingdong (Cayman) by 268.6% during the 4th quarter. JPMorgan Chase & Co. now owns 364,696 shares of the company’s stock valued at $1,196,000 after acquiring an additional 265,762 shares in the last quarter. 24.66% of the stock is owned by institutional investors and hedge funds.

Dingdong (Cayman) Stock Down 9.5 %

NYSE:DDL opened at $2.33 on Friday. The firm has a market capitalization of $549.23 million, a PE ratio of 25.83 and a beta of 0.44. Dingdong has a 12-month low of $1.08 and a 12-month high of $4.79. The firm has a 50-day moving average price of $3.19 and a 200 day moving average price of $3.50.

Dingdong (Cayman) (NYSE:DDL) last issued its 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. Dingdong (Cayman) had a return on equity of 40.86% and a net margin of 0.90%. The business had revenue of $808.99 million during the quarter, compared to analysts’ expectations of $798.85 million. On average, research analysts expect that Dingdong will post 0.07 EPS for the current year.

Dingdong (Cayman) announced that its board has authorized a stock buyback program on Thursday, March 6th that permits the company to repurchase $20.00 million in outstanding shares. This repurchase authorization permits the company to buy up to 2.7% of its shares through open market purchases. Shares repurchase programs are often an indication that the company’s board believes its shares are undervalued.

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.