Goldman Sachs Group Inc. Has $5.56 Million Stock Holdings in Dingdong (Cayman) Limited Sponsored ADR $DDL

Key Points

• Goldman Sachs Group Inc. has reduced its holdings in Dingdong (Cayman) Limited by 7.0%, now owning 2,057,817 shares valued at approximately $5.56 million as of the latest SEC filing.
• Other institutional investors have increased their positions significantly, with Allspring Global Investments Holdings LLC raising its stake by 732.9% to own over 3 million shares.
• Dingdong (Cayman)'s stock price has risen by 1.6%, with its shares currently trading at $2.24, and analysts project an earnings per share of $0.07 for the current fiscal year.

Goldman Sachs Group Inc. decreased its holdings in Dingdong (Cayman) Limited Sponsored ADR (NYSE:DDL - Free Report) by 7.0% in the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 2,057,817 shares of the company's stock after selling 153,899 shares during the quarter. Goldman Sachs Group Inc. owned 0.87% of Dingdong (Cayman) worth $5,556,000 as of its most recent filing with the SEC.

A number of other hedge funds 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 1st 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 in the last quarter. Connor Clark & Lunn Investment Management Ltd. grew its holdings in shares of Dingdong (Cayman) by 30.7% in the 1st quarter. Connor Clark & Lunn Investment Management Ltd. now owns 2,641,834 shares of the company's stock worth $7,133,000 after purchasing an additional 621,018 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new stake in shares of Dingdong (Cayman) in the 4th quarter worth about $1,958,000. Bank of America Corp DE grew its holdings in shares of Dingdong (Cayman) by 1,447.5% in the 4th quarter. Bank of America Corp DE now owns 238,461 shares of the company's stock worth $782,000 after purchasing an additional 223,052 shares during the last quarter. Finally, Millennium Management LLC grew its holdings in shares of Dingdong (Cayman) by 26.8% in the 4th quarter. Millennium Management LLC now owns 813,024 shares of the company's stock worth $2,667,000 after purchasing an additional 171,832 shares during the last quarter. Institutional investors and hedge funds own 24.66% of the company's stock.

Dingdong (Cayman) Stock Up 1.6%

Shares of NYSE:DDL opened at $2.24 on Tuesday. Dingdong has a 12 month low of $1.95 and a 12 month high of $4.79. The company's 50-day moving average price is $2.19 and its two-hundred day moving average price is $2.33. The firm has a market cap of $527.97 million, a P/E ratio of 10.64 and a beta of 0.47.

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

Analyst Ratings Changes

Separately, Wall Street Zen raised shares of Dingdong (Cayman) from a "hold" rating to a "buy" rating in a report on Saturday, August 30th.

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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