Jump Financial LLC Buys New Shares in Dingdong (Cayman) Limited (NYSE:DDL)

Jump Financial LLC acquired a new stake in shares of Dingdong (Cayman) Limited (NYSE:DDL - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 156,100 shares of the company's stock, valued at approximately $512,000. Jump Financial LLC owned approximately 0.07% of Dingdong (Cayman) as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in DDL. Walleye Capital LLC acquired a new stake in shares of Dingdong (Cayman) in the 4th quarter valued at $2,227,000. Bank of Nova Scotia bought a new position in Dingdong (Cayman) during the fourth quarter valued at about $33,000. Polymer Capital Management HK LTD acquired a new stake in shares of Dingdong (Cayman) in the fourth quarter worth about $2,590,000. Diametric Capital LP bought a new stake in shares of Dingdong (Cayman) during the 4th quarter worth about $63,000. Finally, B. Metzler seel. Sohn & Co. AG acquired a new position in shares of Dingdong (Cayman) during the 4th quarter valued at about $157,000. 24.66% of the stock is currently owned by institutional investors and hedge funds.

Dingdong (Cayman) Price Performance

DDL traded down $0.06 on Tuesday, hitting $2.45. The company had a trading volume of 159,447 shares, compared to its average volume of 845,966. The stock has a market cap of $577.58 million, a price-to-earnings ratio of 27.20 and a beta of 0.55. The company's fifty day moving average price is $2.79 and its 200 day moving average price is $3.38. Dingdong has a 1-year low of $1.28 and a 1-year high of $4.79.

Dingdong (Cayman) (NYSE:DDL - Get Free Report) last posted its 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 analyst estimates of $798.85 million. Dingdong (Cayman) had a net margin of 0.90% and a return on equity of 40.86%. On average, sell-side analysts forecast that Dingdong will post 0.07 EPS for the current year.

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

Dingdong (Cayman) 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.