Dingdong (Cayman) (NYSE:DDL) Shares Gap Up – Should You Buy?

Dingdong (Cayman) Limited (NYSE:DDL) gapped up before the market opened on Friday . The stock had previously closed at $3.38, but opened at $3.56. Dingdong (Cayman) shares last traded at $3.47, with a volume of 361,031 shares changing hands.

Dingdong (Cayman) Stock Performance

The firm has a 50 day moving average price of $3.57 and a two-hundred day moving average price of $3.27. The company has a market capitalization of $820.90 million, a P/E ratio of 38.61 and a beta of 0.45.

Institutional Trading of Dingdong (Cayman)

Large investors have recently bought and sold shares of the stock. Vanguard Group Inc. boosted its stake in shares of Dingdong (Cayman) by 0.8% in the 4th quarter. Vanguard Group Inc. now owns 5,459,769 shares of the company’s stock valued at $17,908,000 after purchasing an additional 42,772 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. increased its position in shares of Dingdong (Cayman) by 195.3% during the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 2,020,816 shares of the company’s stock worth $6,628,000 after purchasing an additional 1,336,471 shares in the last quarter. Marshall Wace LLP lifted its holdings in Dingdong (Cayman) by 164.8% during the 4th quarter. Marshall Wace LLP now owns 1,924,912 shares of the company’s stock valued at $6,314,000 after purchasing an additional 1,198,006 shares during the last quarter. Arrowstreet Capital Limited Partnership boosted its position in Dingdong (Cayman) by 397.0% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 1,776,675 shares of the company’s stock valued at $5,827,000 after buying an additional 1,419,190 shares in the last quarter. Finally, Polymer Capital Management HK LTD bought a new stake in Dingdong (Cayman) during the fourth quarter worth about $2,590,000. 24.66% of the stock is currently owned by institutional investors.

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.