Dingdong (Cayman) (NYSE:DDL) Trading 4.8% Higher – What’s Next?

Dingdong (Cayman) Limited (NYSE:DDL)’s stock price traded up 4.8% during trading on Tuesday . The company traded as high as $4.16 and last traded at $4.15. 602,557 shares traded hands during mid-day trading, a decline of 14% from the average session volume of 698,950 shares. The stock had previously closed at $3.96.

Dingdong (Cayman) Stock Up 0.3 %

The company has a 50 day moving average of $3.91 and a 200 day moving average of $2.83. The stock has a market capitalization of $942.55 million, a price-to-earnings ratio of 44.33 and a beta of 0.37.

Institutional Inflows and Outflows

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