Inspire Investing LLC Buys Shares of 205,620 Dingdong (Cayman) Limited (NYSE:DDL)

Inspire Investing LLC bought a new stake in Dingdong (Cayman) Limited (NYSE:DDL) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 205,620 shares of the company’s stock, valued at approximately $674,000.

Several other hedge funds have also modified their holdings of the business. Renaissance Technologies LLC lifted its holdings in shares of Dingdong (Cayman) by 63.4% in the 2nd quarter. Renaissance Technologies LLC now owns 690,200 shares of the company’s stock valued at $1,373,000 after buying an additional 267,700 shares during the period. Connor Clark & Lunn Investment Management Ltd. lifted its holdings in shares of Dingdong (Cayman) by 3,090.3% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 684,345 shares of the company’s stock valued at $2,429,000 after buying an additional 662,894 shares during the period. State Street Corp lifted its holdings in shares of Dingdong (Cayman) by 32.7% in the 3rd quarter. State Street Corp now owns 253,119 shares of the company’s stock valued at $899,000 after buying an additional 62,338 shares during the period. Jane Street Group LLC lifted its holdings in shares of Dingdong (Cayman) by 110.8% in the 3rd quarter. Jane Street Group LLC now owns 248,189 shares of the company’s stock valued at $881,000 after buying an additional 130,470 shares during the period. Finally, GSA Capital Partners LLP lifted its holdings in shares of Dingdong (Cayman) by 81.0% in the 3rd quarter. GSA Capital Partners LLP now owns 72,561 shares of the company’s stock valued at $258,000 after buying an additional 32,478 shares during the period. 24.66% of the stock is owned by institutional investors and hedge funds.

Dingdong (Cayman) Price Performance

DDL opened at $3.43 on Friday. The business has a 50 day simple moving average of $3.80 and a 200-day simple moving average of $3.11. The stock has a market capitalization of $770.10 million, a P/E ratio of 38.06 and a beta of 0.44. Dingdong has a 12 month low of $1.08 and a 12 month high of $4.79.

Dingdong (Cayman) (NYSE:DDL) last issued its quarterly earnings data on Wednesday, November 6th. The company reported $0.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.03 by $0.06. The firm had revenue of $931.69 million during the quarter, compared to analysts’ expectations of $756.72 million. Dingdong (Cayman) had a return on equity of 40.86% and a net margin of 0.90%. Research analysts anticipate that Dingdong will post 0.07 EPS 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.