Dingdong (Cayman) (NYSE:DDL) Shares Up 4.1% – What’s Next?

Dingdong (Cayman) Limited (NYSE:DDL)’s share price traded up 4.1% during trading on Monday . The stock traded as high as $2.29 and last traded at $2.29. 739,533 shares traded hands during mid-day trading, a decline of 11% from the average session volume of 834,846 shares. The stock had previously closed at $2.20.

Dingdong (Cayman) Stock Up 5.0 %

The company has a market cap of $545.69 million, a PE ratio of 25.67 and a beta of 0.55. The stock’s 50 day simple moving average is $2.91 and its two-hundred day simple moving average is $3.42.

Dingdong (Cayman) (NYSE:DDL) last released its earnings results on Thursday, March 6th. The company reported $0.06 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 company had revenue of $808.99 million for the quarter, compared to the consensus estimate of $798.85 million. Analysts forecast that Dingdong will post 0.07 EPS for the current year.

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

Institutional Trading of Dingdong (Cayman)

Several institutional investors have recently bought and sold shares of DDL. Arrowstreet Capital Limited Partnership raised its position in shares of Dingdong (Cayman) by 397.0% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 1,776,675 shares of the company’s stock valued at $5,827,000 after acquiring an additional 1,419,190 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. raised its position in shares of Dingdong (Cayman) by 195.3% in the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 2,020,816 shares of the company’s stock valued at $6,628,000 after purchasing an additional 1,336,471 shares during the period. Marshall Wace LLP boosted its stake in Dingdong (Cayman) by 164.8% in the 4th quarter. Marshall Wace LLP now owns 1,924,912 shares of the company’s stock valued at $6,314,000 after purchasing an additional 1,198,006 shares during the period. Polymer Capital Management HK LTD acquired a new position in shares of Dingdong (Cayman) during the 4th quarter worth approximately $2,590,000. Finally, Walleye Capital LLC acquired a new position in Dingdong (Cayman) in the fourth quarter valued at about $2,227,000. Institutional investors and hedge funds own 24.66% of the company’s stock.

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.