Dingdong (Cayman) Limited (NYSE:DDL) Shares Sold by JPMorgan Chase & Co.

JPMorgan Chase & Co. cut its holdings in shares of Dingdong (Cayman) Limited (NYSE:DDL) by 77.9% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 98,934 shares of the company’s stock after selling 349,468 shares during the period. JPMorgan Chase & Co.’s holdings in Dingdong (Cayman) were worth $351,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Connor Clark & Lunn Investment Management Ltd. grew its stake in Dingdong (Cayman) by 3,090.3% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 684,345 shares of the company’s stock valued at $2,429,000 after acquiring an additional 662,894 shares in the last quarter. Jane Street Group LLC raised its holdings in Dingdong (Cayman) by 110.8% in the 3rd quarter. Jane Street Group LLC now owns 248,189 shares of the company’s stock worth $881,000 after acquiring an additional 130,470 shares during the period. Renaissance Technologies LLC lifted its position in Dingdong (Cayman) by 63.4% during the 2nd quarter. Renaissance Technologies LLC now owns 690,200 shares of the company’s stock worth $1,373,000 after acquiring an additional 267,700 shares during the last quarter. State Street Corp grew its position in shares of Dingdong (Cayman) by 32.7% in the third quarter. State Street Corp now owns 253,119 shares of the company’s stock valued at $899,000 after purchasing an additional 62,338 shares during the last quarter. Finally, GSA Capital Partners LLP lifted its position in shares of Dingdong (Cayman) by 81.0% during the 3rd quarter. GSA Capital Partners LLP now owns 72,561 shares of the company’s stock worth $258,000 after purchasing an additional 32,478 shares during the last quarter. 24.66% of the stock is currently owned by institutional investors and hedge funds.

Dingdong (Cayman) Trading Down 2.5 %

Shares of DDL stock opened at $3.33 on Thursday. The firm has a market capitalization of $770.10 million, a P/E ratio of 36.94 and a beta of 0.44. Dingdong has a 1 year low of $1.08 and a 1 year high of $4.79. The firm’s fifty day simple moving average is $3.75 and its 200 day simple moving average is $3.15.

Dingdong (Cayman) (NYSE:DDL) last issued its earnings results on Wednesday, November 6th. The company reported $0.09 EPS for the quarter, beating analysts’ consensus estimates of $0.03 by $0.06. The business had revenue of $931.69 million during the quarter, compared to analyst estimates of $756.72 million. Dingdong (Cayman) had a return on equity of 40.86% and a net margin of 0.90%. Equities research analysts anticipate that Dingdong will post 0.07 EPS for the current fiscal year.

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.