Marshall Wace LLP Purchases 1,198,006 Shares of Dingdong (Cayman) Limited (NYSE:DDL)

Marshall Wace LLP grew its position in shares of Dingdong (Cayman) Limited (NYSE:DDL) by 164.8% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,924,912 shares of the company’s stock after purchasing an additional 1,198,006 shares during the quarter. Marshall Wace LLP owned approximately 0.81% of Dingdong (Cayman) worth $6,314,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the company. Vanguard Group Inc. grew its position in Dingdong (Cayman) by 0.8% during the fourth quarter. Vanguard Group Inc. now owns 5,459,769 shares of the company’s stock valued at $17,908,000 after acquiring an additional 42,772 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. boosted its stake in shares of Dingdong (Cayman) by 195.3% in the 4th 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 in the last quarter. Arrowstreet Capital Limited Partnership grew its holdings 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 purchasing an additional 1,419,190 shares during the last quarter. Polymer Capital Management HK LTD purchased a new position in Dingdong (Cayman) in the 4th quarter worth $2,590,000. Finally, Walleye Capital LLC bought a new stake in Dingdong (Cayman) in the fourth quarter worth $2,227,000. 24.66% of the stock is owned by hedge funds and other institutional investors.

Dingdong (Cayman) Stock Up 4.4 %

NYSE DDL opened at $2.61 on Thursday. The firm has a market cap of $616.56 million, a price-to-earnings ratio of 29.00 and a beta of 0.55. The company has a 50-day simple moving average of $2.85 and a two-hundred day simple moving average of $3.40. Dingdong has a 12-month low of $1.18 and a 12-month high of $4.79.

Dingdong (Cayman) (NYSE:DDL) last issued its earnings results on Thursday, March 6th. The company reported $0.06 earnings per share for the quarter, beating the consensus estimate of $0.04 by $0.02. The company had revenue of $808.99 million during the quarter, compared to analysts’ expectations of $798.85 million. Dingdong (Cayman) had a return on equity of 40.86% and a net margin of 0.90%. Equities analysts expect that Dingdong will post 0.07 earnings per share for the current fiscal year.

Dingdong (Cayman) announced that its board has approved a share buyback plan on Thursday, March 6th that permits the company to buyback $20.00 million in shares. This buyback authorization permits the company to repurchase up to 2.7% of its stock through open market purchases. Stock buyback plans are often a sign that the company’s leadership believes its stock is undervalued.

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.