Marshall Wace LLP Has $6.31 Million Holdings in Dingdong (Cayman) Limited (NYSE:DDL)

Marshall Wace LLP lifted its position in shares of Dingdong (Cayman) Limited (NYSE:DDL - Free Report) by 164.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,924,912 shares of the company's stock after acquiring an additional 1,198,006 shares during the period. Marshall Wace LLP owned approximately 0.81% of Dingdong (Cayman) worth $6,314,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also made changes to their positions in the company. Bank of Nova Scotia acquired a new stake in shares of Dingdong (Cayman) in the 4th quarter valued at $33,000. Diametric Capital LP acquired a new position in Dingdong (Cayman) during the fourth quarter worth about $63,000. New York State Common Retirement Fund grew its holdings in shares of Dingdong (Cayman) by 36.8% during 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. Commonwealth of Pennsylvania Public School Empls Retrmt SYS bought a new stake in shares of Dingdong (Cayman) during the fourth quarter worth $105,000. Finally, Virtu Financial LLC acquired a new position in shares of Dingdong (Cayman) during the third quarter worth $115,000. Institutional investors and hedge funds own 24.66% of the company's stock.

Dingdong (Cayman) Price Performance

Shares of NYSE DDL traded down $0.06 during mid-day trading on Tuesday, hitting $2.45. 159,447 shares of the stock traded hands, compared to its average volume of 845,966. Dingdong has a twelve month low of $1.28 and a twelve month high of $4.79. The firm has a 50 day simple moving average of $2.79 and a two-hundred day simple moving average of $3.38. The company has a market cap of $577.58 million, a PE ratio of 27.20 and a beta of 0.55.

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 for the quarter, topping the consensus estimate of $0.04 by $0.02. The company had revenue of $808.99 million for the quarter, compared to analysts' expectations of $798.85 million. Dingdong (Cayman) had a return on equity of 40.86% and a net margin of 0.90%. On average, equities research analysts anticipate that Dingdong will post 0.07 earnings per share for the current fiscal year.

Dingdong (Cayman) declared that its Board of Directors has initiated a stock buyback program on Thursday, March 6th that authorizes the company to buyback $20.00 million in shares. This buyback authorization authorizes the company to repurchase up to 2.7% of its shares through open market purchases. Shares buyback programs are often 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.