Dingdong (Cayman) (NYSE:DDL) Trading Down 4.4% – Time to Sell?

Dingdong (Cayman) Limited (NYSE:DDL)’s stock price fell 4.4% during mid-day trading on Thursday . The company traded as low as $3.92 and last traded at $4.12. 73,289 shares were traded during mid-day trading, a decline of 89% from the average session volume of 661,384 shares. The stock had previously closed at $4.31.

Dingdong (Cayman) Price Performance

The company has a 50 day moving average price of $3.50 and a 200 day moving average price of $2.52. The firm has a market cap of $966.18 million, a PE ratio of 44.89 and a beta of 0.34.

Hedge Funds Weigh In On Dingdong (Cayman)

A number of large investors have recently modified their holdings of DDL. Virtu Financial LLC acquired a new stake in Dingdong (Cayman) in the third quarter valued at $115,000. Acadian Asset Management LLC purchased a new stake in Dingdong (Cayman) in the 2nd quarter valued at about $86,000. Quadrature Capital Ltd increased its position in Dingdong (Cayman) by 87.9% during the third quarter. Quadrature Capital Ltd now owns 47,686 shares of the company’s stock worth $168,000 after purchasing an additional 22,302 shares during the last quarter. Centiva Capital LP acquired a new position in Dingdong (Cayman) in the third quarter valued at $170,000. Finally, XTX Topco Ltd acquired a new position in shares of Dingdong (Cayman) in the 3rd quarter valued at about $225,000. 24.66% of the stock is owned by hedge funds and other institutional investors.

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.