Dingdong (Cayman) (NYSE:DDL) Cut to Sell at Wall Street Zen

Wall Street Zen downgraded shares of Dingdong (Cayman) (NYSE:DDL – Free Report) from a hold rating to a sell rating in a report published on Saturday,Wall Street Zen reports.

Separately, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Dingdong (Cayman) in a report on Friday, August 21st. Two investment analysts have rated the stock with a Hold rating, According to MarketBeat.com, Dingdong (Cayman) presently has a consensus rating of “Hold”.

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Dingdong (Cayman) Stock Performance

Shares of DDL opened at $2.27 on Friday. Dingdong has a twelve month low of $1.65 and a twelve month high of $3.41. The firm’s fifty day simple moving average is $2.25 and its 200-day simple moving average is $2.48. The firm has a market capitalization of $536.24 million, a price-to-earnings ratio of 6.31 and a beta of 0.46.

Dingdong (Cayman) (NYSE:DDL – Get Free Report) last issued its earnings results on Thursday, July 30th. The company reported $0.20 EPS for the quarter. Dingdong (Cayman) had a net margin of 2.19% and a return on equity of 47.37%.

Hedge Funds Weigh In On Dingdong (Cayman)

Several large investors have recently bought and sold shares of the stock. Boundless Plain Holdings Ltd purchased a new position in shares of Dingdong (Cayman) during the fourth quarter worth about $19,893,000. Vanguard Group Inc. lifted its holdings in shares of Dingdong (Cayman) by 1.1% in the 3rd quarter. Vanguard Group Inc. now owns 4,511,443 shares of the company’s stock valued at $9,339,000 after purchasing an additional 48,638 shares during the last quarter. Renaissance Technologies LLC boosted its position in shares of Dingdong (Cayman) by 16.6% in the 1st quarter. Renaissance Technologies LLC now owns 1,403,400 shares of the company’s stock valued at $3,607,000 after purchasing an additional 199,600 shares during the period. JPMorgan Chase & Co. boosted its position in shares of Dingdong (Cayman) by 66.5% in the 2nd quarter. JPMorgan Chase & Co. now owns 968,405 shares of the company’s stock valued at $1,956,000 after purchasing an additional 386,795 shares during the period. Finally, Qube Research & Technologies Ltd grew its stake in Dingdong (Cayman) by 10.0% during the 3rd quarter. Qube Research & Technologies Ltd now owns 540,062 shares of the company’s stock worth $1,118,000 after buying an additional 48,947 shares during the last quarter. Institutional investors and hedge funds own 24.66% of the company’s stock.

About Dingdong (Cayman)

(Get Free Report)

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.

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