Dingdong (Cayman) (NYSE:DDL) Releases Earnings Results

Key Points

• Dingdong (Cayman) reported a quarterly earnings per share (EPS) of $0.06, with a net margin of 1.24% and a return on equity of 42.15%.
• Recent changes in institutional investments include JPMorgan Chase increasing its holdings by 66.5%, and several other firms also raising their stakes significantly.
• The stock is currently trading around $2.3250, with a market cap of $549.23 million and a P/E ratio of 15.50.

Dingdong (Cayman) (NYSE:DDL - Get Free Report) announced its quarterly earnings results on Thursday. The company reported $0.06 EPS for the quarter, Zacks reports. Dingdong (Cayman) had a net margin of 1.24% and a return on equity of 42.15%.

Dingdong (Cayman) Price Performance

Shares of NYSE:DDL opened at $2.3250 on Thursday. Dingdong has a 1-year low of $1.95 and a 1-year high of $4.79. The stock has a market cap of $549.23 million, a P/E ratio of 15.50 and a beta of 0.47. The firm has a fifty day moving average price of $2.16 and a 200 day moving average price of $2.51.

Analyst Ratings Changes

Separately, Wall Street Zen lowered Dingdong (Cayman) from a "buy" rating to a "hold" rating in a report on Saturday, August 9th.

Institutional Investors Weigh In On Dingdong (Cayman)

A number of institutional investors and hedge funds have recently made changes to their positions in DDL. JPMorgan Chase & Co. grew its holdings in shares of Dingdong (Cayman) by 66.5% during the second quarter. JPMorgan Chase & Co. now owns 968,405 shares of the company's stock worth $1,956,000 after buying an additional 386,795 shares during the last quarter. Man Group plc grew its stake in shares of Dingdong (Cayman) by 24.0% in the 2nd quarter. Man Group plc now owns 531,235 shares of the company's stock valued at $1,073,000 after purchasing an additional 102,830 shares during the last quarter. Qube Research & Technologies Ltd raised its stake in shares of Dingdong (Cayman) by 283.3% during the second quarter. Qube Research & Technologies Ltd now owns 491,115 shares of the company's stock worth $992,000 after purchasing an additional 362,974 shares during the last quarter. Bank of America Corp DE lifted its holdings in shares of Dingdong (Cayman) by 12.7% during the second quarter. Bank of America Corp DE now owns 344,875 shares of the company's stock worth $697,000 after purchasing an additional 38,756 shares during the period. Finally, Norges Bank purchased a new position in Dingdong (Cayman) in the 2nd quarter valued at $593,000. 24.66% of the stock is owned by hedge funds and other institutional investors.

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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