Dingdong (Cayman) (NYSE:DDL) Shares Down 3.5%

Dingdong (Cayman) Limited (NYSE:DDL) shares traded down 3.5% on Monday . The company traded as low as $2.47 and last traded at $2.50. 515,899 shares were traded during trading, an increase of 18% from the average session volume of 435,675 shares. The stock had previously closed at $2.59.

Dingdong (Cayman) Trading Down 2.2 %

The company has a market cap of $637.82 million, a PE ratio of -90.00 and a beta of 0.28. The business’s 50 day moving average is $2.01 and its two-hundred day moving average is $1.73.

Institutional Trading of Dingdong (Cayman)

Several institutional investors and hedge funds have recently added to or reduced their stakes in DDL. Vanguard Group Inc. raised its position in shares of Dingdong (Cayman) by 0.4% during the first quarter. Vanguard Group Inc. now owns 4,849,609 shares of the company’s stock valued at $5,917,000 after buying an additional 17,900 shares during the last quarter. Virtu Financial LLC purchased a new stake in Dingdong (Cayman) in the 1st quarter worth $54,000. Platinum Investment Management Ltd. boosted its holdings in shares of Dingdong (Cayman) by 1.8% during the 4th quarter. Platinum Investment Management Ltd. now owns 9,308,945 shares of the company’s stock valued at $13,963,000 after purchasing an additional 166,736 shares during the last quarter. Renaissance Technologies LLC grew its position in shares of Dingdong (Cayman) by 63.4% during the second quarter. Renaissance Technologies LLC now owns 690,200 shares of the company’s stock valued at $1,373,000 after purchasing an additional 267,700 shares in the last quarter. Finally, Acadian Asset Management LLC bought a new stake in shares of Dingdong (Cayman) in the second quarter worth about $86,000. Institutional investors own 24.66% of the company’s stock.

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.