Numerai GP LLC Has $1.14 Million Stake in Dingdong (Cayman) Limited (NYSE:DDL)

Numerai GP LLC raised its stake in shares of Dingdong (Cayman) Limited (NYSE:DDL - Free Report) by 678.3% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 347,031 shares of the company's stock after buying an additional 302,444 shares during the quarter. Numerai GP LLC owned about 0.15% of Dingdong (Cayman) worth $1,138,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in the stock. Millennium Management LLC lifted its position in shares of Dingdong (Cayman) by 26.8% during the 4th quarter. Millennium Management LLC now owns 813,024 shares of the company's stock valued at $2,667,000 after buying an additional 171,832 shares in the last quarter. Lazard Asset Management LLC acquired a new stake in shares of Dingdong (Cayman) in the fourth quarter valued at $1,867,000. Cubist Systematic Strategies LLC raised its stake in Dingdong (Cayman) by 803.6% during the 4th quarter. Cubist Systematic Strategies LLC now owns 310,603 shares of the company's stock valued at $1,019,000 after acquiring an additional 276,228 shares during the last quarter. Bank of America Corp DE raised its position 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 buying an additional 223,052 shares during the period. Finally, Susquehanna Fundamental Investments LLC acquired a new position in Dingdong (Cayman) in the fourth quarter valued at approximately $35,000. Hedge funds and other institutional investors own 24.66% of the company's stock.

Dingdong (Cayman) Price Performance

Shares of NYSE DDL traded down $0.03 during mid-day trading on Monday, hitting $2.30. The company had a trading volume of 271,039 shares, compared to its average volume of 852,520. The business's 50-day simple moving average is $2.54 and its 200-day simple moving average is $3.29. Dingdong has a 12 month low of $1.62 and a 12 month high of $4.79. The firm has a market cap of $542.14 million, a P/E ratio of 25.28 and a beta of 0.56.

Dingdong (Cayman) (NYSE:DDL - Get Free Report) last announced its earnings results on Thursday, March 6th. The company reported $0.06 earnings per share 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%. As a group, sell-side analysts predict that Dingdong will post 0.07 EPS for the current year.

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

About Dingdong (Cayman)

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.