Dingdong (Cayman) (NYSE:DDL) Shares Up 7.2% – Still a Buy?

Posted by Jessica Moore on Feb 23rd, 2025

Dingdong (Cayman) Limited (NYSE:DDL – Get Free Report)’s share price was up 7.2% during mid-day trading on Friday . The stock traded as high as $3.85 and last traded at $3.78. Approximately 435,063 shares traded hands during mid-day trading, a decline of 16% from the average daily volume of 516,771 shares. The stock had previously closed at $3.52.

Dingdong (Cayman) Stock Performance

The firm has a 50 day moving average of $3.49 and a 200-day moving average of $3.33. The stock has a market capitalization of $875.23 million, a PE ratio of 41.17 and a beta of 0.45.

Institutional Investors Weigh In On Dingdong (Cayman)

Several hedge funds have recently bought and sold shares of the business. Point72 Asia Singapore Pte. Ltd. raised its stake in shares of Dingdong (Cayman) by 319.2% during the 4th quarter. Point72 Asia Singapore Pte. Ltd. now owns 12,866 shares of the company’s stock worth $42,000 after purchasing an additional 9,797 shares in the last quarter. Bank of Nova Scotia purchased a new stake in shares of Dingdong (Cayman) during the 4th quarter worth about $33,000. Susquehanna Fundamental Investments LLC purchased a new stake in shares of Dingdong (Cayman) during the 4th quarter worth about $35,000. Two Sigma Advisers LP purchased a new stake in shares of Dingdong (Cayman) during the 4th quarter worth about $47,000. Finally, Diametric Capital LP purchased a new stake in shares of Dingdong (Cayman) during the 4th quarter worth about $63,000. 24.66% of the stock is owned by hedge funds and other institutional investors.

Dingdong (Cayman) Company Profile

(Get Free Report)

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.