Dingdong (Cayman) (NYSE:DDL) Posts Earnings Results

Dingdong (Cayman) (NYSE:DDL) issued its quarterly earnings results on Thursday. The company reported $0.11 earnings per share (EPS) for the quarter, Zacks reports. Dingdong (Cayman) had a net margin of 0.91% and a return on equity of 23.14%.

Dingdong (Cayman) Price Performance

DDL stock traded up $0.02 during midday trading on Thursday, reaching $2.61. 241,390 shares of the stock were exchanged, compared to its average volume of 1,493,881. The stock has a market capitalization of $615.37 million, a PE ratio of 20.04 and a beta of 0.44. The company has a fifty day moving average price of $2.60 and a 200 day moving average price of $2.51. Dingdong has a 52 week low of $1.65 and a 52 week high of $3.41.

Institutional Trading of Dingdong (Cayman)

A number of institutional investors and hedge funds have recently bought and sold shares of DDL. Raymond James Financial Inc. boosted its holdings in Dingdong (Cayman) by 66.7% in the third quarter. Raymond James Financial Inc. now owns 25,000 shares of the company’s stock valued at $52,000 after acquiring an additional 10,000 shares during the last quarter. Centiva Capital LP acquired a new position in shares of Dingdong (Cayman) in the 3rd quarter worth approximately $56,000. BNP Paribas Financial Markets boosted its stake in shares of Dingdong (Cayman) by 43,678.9% in the 2nd quarter. BNP Paribas Financial Markets now owns 33,272 shares of the company’s stock valued at $67,000 after purchasing an additional 33,196 shares during the last quarter. Two Sigma Investments LP acquired a new stake in shares of Dingdong (Cayman) during the third quarter worth $89,000. Finally, Wells Fargo & Company MN bought a new position in Dingdong (Cayman) during the fourth quarter worth $124,000. 24.66% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts have recently commented on DDL shares. Zacks Research raised Dingdong (Cayman) from a “strong sell” rating to a “hold” rating in a report on Monday, March 9th. Weiss Ratings cut Dingdong (Cayman) from a “hold (c)” rating to a “hold (c-)” rating in a report on Friday, May 1st. Two equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock presently has an average rating of “Hold”.

Dingdong (Cayman) Company Profile

Dingdong (Cayman) Inc, which operates under the Dingdong Fresh brand, is a China-based online grocery and fresh food delivery platform. The company leverages a network of urban micro-fulfillment centers to offer consumers a wide selection of produce, meats, seafood, dairy, packaged goods and everyday household items through its mobile application and website.

Orders placed via the Dingdong Fresh app are fulfilled from strategically located dark stores within target neighborhoods, enabling the company to promise delivery times as fast as 20–30 minutes.