Inspire Investing LLC Invests $674,000 in Dingdong (Cayman) Limited (NYSE:DDL)

Inspire Investing LLC purchased a new position in Dingdong (Cayman) Limited (NYSE:DDL) in the fourth quarter, HoldingsChannel.com reports. The fund purchased 205,620 shares of the company’s stock, valued at approximately $674,000.

A number of other institutional investors also recently made changes to their positions in DDL. Connor Clark & Lunn Investment Management Ltd. raised its holdings in shares of Dingdong (Cayman) by 3,090.3% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 684,345 shares of the company’s stock worth $2,429,000 after acquiring an additional 662,894 shares during the last quarter. Renaissance Technologies LLC raised its holdings in shares of Dingdong (Cayman) by 63.4% in the second quarter. Renaissance Technologies LLC now owns 690,200 shares of the company’s stock worth $1,373,000 after acquiring an additional 267,700 shares during the last quarter. Jane Street Group LLC raised its holdings in shares of Dingdong (Cayman) by 110.8% in the third quarter. Jane Street Group LLC now owns 248,189 shares of the company’s stock worth $881,000 after acquiring an additional 130,470 shares during the last quarter. Public Employees Retirement System of Ohio acquired a new position in shares of Dingdong (Cayman) in the third quarter worth $244,000. Finally, XTX Topco Ltd acquired a new position in shares of Dingdong (Cayman) in the third quarter worth $225,000. 24.66% of the stock is owned by institutional investors and hedge funds.

Dingdong (Cayman) Stock Up 1.6 %

NYSE DDL opened at $3.43 on Friday. The stock has a market cap of $770.10 million, a price-to-earnings ratio of 38.06 and a beta of 0.44. Dingdong has a fifty-two week low of $1.08 and a fifty-two week high of $4.79. The business has a fifty day moving average of $3.80 and a 200-day moving average of $3.11.

Dingdong (Cayman) (NYSE:DDL) last announced its quarterly earnings data on Wednesday, November 6th. The company reported $0.09 EPS for the quarter, beating analysts’ consensus estimates of $0.03 by $0.06. The business had revenue of $931.69 million during the quarter, compared to the consensus estimate of $756.72 million. Dingdong (Cayman) had a return on equity of 40.86% and a net margin of 0.90%. As a group, 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.