15,793 Shares in Dingdong (Cayman) Limited Sponsored ADR $DDL Bought by QRG Capital Management Inc.

QRG Capital Management Inc. bought a new stake in Dingdong (Cayman) Limited Sponsored ADR (NYSE:DDL) during the 2nd quarter, HoldingsChannel.com reports. The institutional investor bought 15,793 shares of the company’s stock, valued at approximately $32,000.

Several other hedge funds have also recently made changes to their positions in DDL. Allspring Global Investments Holdings LLC raised its stake in shares of Dingdong (Cayman) by 732.9% in the first quarter. Allspring Global Investments Holdings LLC now owns 3,040,244 shares of the company’s stock valued at $8,209,000 after buying an additional 2,675,244 shares during the period. Connor Clark & Lunn Investment Management Ltd. raised its stake in shares of Dingdong (Cayman) by 30.7% in the first quarter. Connor Clark & Lunn Investment Management Ltd. now owns 2,641,834 shares of the company’s stock valued at $7,133,000 after buying an additional 621,018 shares during the period. GSA Capital Partners LLP raised its stake in shares of Dingdong (Cayman) by 77.6% in the first quarter. GSA Capital Partners LLP now owns 258,305 shares of the company’s stock valued at $697,000 after buying an additional 112,901 shares during the period. Public Employees Retirement System of Ohio raised its stake in shares of Dingdong (Cayman) by 36.0% in the second quarter. Public Employees Retirement System of Ohio now owns 206,206 shares of the company’s stock valued at $417,000 after buying an additional 54,563 shares during the period. Finally, Mackenzie Financial Corp bought a new stake in shares of Dingdong (Cayman) in the first quarter valued at $81,000. 24.66% of the stock is currently owned by institutional investors.

Dingdong (Cayman) Stock Performance

NYSE:DDL opened at $1.83 on Monday. Dingdong has a 52-week low of $1.82 and a 52-week high of $4.79. The firm has a market cap of $431.12 million, a price-to-earnings ratio of 8.69 and a beta of 0.47. The business’s fifty day moving average is $2.13 and its 200 day moving average is $2.20.

Dingdong (Cayman) (NYSE:DDL) last released its quarterly earnings data on Thursday, August 21st. The company reported $0.06 earnings per share (EPS) for the quarter. Dingdong (Cayman) had a return on equity of 41.69% and a net margin of 1.39%.The company had revenue of $834.20 million for the quarter. Equities analysts predict that Dingdong will post 0.07 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on DDL. Wall Street Zen upgraded Dingdong (Cayman) from a “hold” rating to a “buy” rating in a research note on Saturday, August 30th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Dingdong (Cayman) in a research note on Wednesday, October 8th. One research analyst has rated the stock with a Hold rating, According to MarketBeat, the stock currently has an average rating of “Hold”.

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.