Cubist Systematic Strategies LLC Boosts Holdings in Dingdong (Cayman) Limited (NYSE:DDL)

Cubist Systematic Strategies LLC lifted its stake in shares of Dingdong (Cayman) Limited (NYSE:DDL - Free Report) by 803.6% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 310,603 shares of the company's stock after buying an additional 276,228 shares during the quarter. Cubist Systematic Strategies LLC owned about 0.13% of Dingdong (Cayman) worth $1,019,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the stock. Bank of Nova Scotia acquired a new stake in Dingdong (Cayman) during the 4th quarter worth $33,000. Susquehanna Fundamental Investments LLC purchased a new position in shares of Dingdong (Cayman) during the fourth quarter worth about $35,000. Diametric Capital LP acquired a new stake in shares of Dingdong (Cayman) during the fourth quarter worth about $63,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS acquired a new stake in shares of Dingdong (Cayman) during the fourth quarter worth about $105,000. Finally, B. Metzler seel. Sohn & Co. AG purchased a new stake in shares of Dingdong (Cayman) in the 4th quarter valued at about $157,000. Institutional investors and hedge funds own 24.66% of the company's stock.

Dingdong (Cayman) Trading Down 0.9%

Shares of NYSE DDL traded down $0.02 during trading hours on Monday, reaching $2.30. The stock had a trading volume of 527,058 shares, compared to its average volume of 853,504. The firm has a 50-day moving average of $2.53 and a 200-day moving average of $3.28. The firm has a market cap of $543.32 million, a price-to-earnings ratio of 25.56 and a beta of 0.56. Dingdong has a fifty-two week low of $1.62 and a fifty-two week high of $4.79.

Dingdong (Cayman) (NYSE:DDL - Get Free Report) last posted its quarterly earnings data 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 business had revenue of $808.99 million during the quarter, compared to the consensus estimate of $798.85 million. Dingdong (Cayman) had a return on equity of 40.86% and a net margin of 0.90%. On average, equities analysts predict that Dingdong will post 0.07 EPS for the current year.

Dingdong (Cayman) declared that its Board of Directors has initiated a stock buyback program on Thursday, March 6th that allows the company to buyback $20.00 million in outstanding shares. This buyback authorization allows the company to repurchase up to 2.7% of its shares through open market purchases. Shares buyback programs are generally a sign that the company's board believes its stock is undervalued.

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.