Dingdong (Cayman) (NYSE:DDL) Trading 4.4% Higher

Shares of Dingdong (Cayman) Limited (NYSE:DDL) shot up 4.4% during mid-day trading on Tuesday . The stock traded as high as $2.62 and last traded at $2.62. 140,047 shares traded hands during trading, a decline of 68% from the average session volume of 436,421 shares. The stock had previously closed at $2.51.

Dingdong (Cayman) Trading Down 2.2 %

The business’s fifty day moving average is $2.02 and its 200 day moving average is $1.74. The company has a market cap of $637.82 million, a P/E ratio of -90.00 and a beta of 0.28.

Institutional Investors Weigh In On Dingdong (Cayman)

Several institutional investors have recently added to or reduced their stakes in DDL. Vanguard Group Inc. boosted its holdings in shares of Dingdong (Cayman) by 0.4% in the first quarter. Vanguard Group Inc. now owns 4,849,609 shares of the company’s stock worth $5,917,000 after acquiring an additional 17,900 shares during the period. Virtu Financial LLC purchased a new stake in Dingdong (Cayman) during the 1st quarter worth about $54,000. Platinum Investment Management Ltd. boosted its stake in Dingdong (Cayman) by 1.8% in the 4th quarter. Platinum Investment Management Ltd. now owns 9,308,945 shares of the company’s stock worth $13,963,000 after purchasing an additional 166,736 shares during the period. Renaissance Technologies LLC grew its holdings in Dingdong (Cayman) by 63.4% during 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 in the last quarter. Finally, Acadian Asset Management LLC bought a new stake in shares of Dingdong (Cayman) during the second quarter valued at about $86,000. 24.66% of the stock is owned by hedge funds and other institutional investors.

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.