Dingdong (Cayman) Limited (NYSE:DDL) Shares Bought by Cubist Systematic Strategies LLC

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

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Bank of Nova Scotia acquired a new position in Dingdong (Cayman) in the 4th quarter valued at about $33,000. Susquehanna Fundamental Investments LLC acquired a new position in Dingdong (Cayman) in the 4th quarter valued at about $35,000. Diametric Capital LP acquired a new position in Dingdong (Cayman) in the 4th quarter valued at about $63,000. New York State Common Retirement Fund boosted its holdings in Dingdong (Cayman) by 36.8% in the 4th quarter. New York State Common Retirement Fund now owns 88,389 shares of the company's stock valued at $290,000 after purchasing an additional 23,774 shares during the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS acquired a new position in Dingdong (Cayman) in the 4th quarter valued at about $105,000. 24.66% of the stock is currently owned by institutional investors and hedge funds.

Dingdong (Cayman) Stock Performance

Dingdong (Cayman) stock opened at $2.37 on Wednesday. The company's 50 day simple moving average is $2.59 and its 200-day simple moving average is $3.33. The company has a market capitalization of $559.86 million, a price-to-earnings ratio of 26.33 and a beta of 0.56. Dingdong has a 1 year low of $1.62 and a 1 year high of $4.79.

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

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

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