QRG Capital Management Inc. Acquires Shares of 15,793 Dingdong (Cayman) Limited Sponsored ADR $DDL

QRG Capital Management Inc. acquired a new stake in Dingdong (Cayman) Limited Sponsored ADR (NYSE:DDL) in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 15,793 shares of the company’s stock, valued at approximately $32,000.

A number of other hedge funds have also recently added to or reduced their stakes in DDL. Allspring Global Investments Holdings LLC grew its stake in Dingdong (Cayman) by 732.9% in the first quarter. Allspring Global Investments Holdings LLC now owns 3,040,244 shares of the company’s stock valued at $8,209,000 after acquiring an additional 2,675,244 shares during the period. Mackenzie Financial Corp acquired a new stake in Dingdong (Cayman) in the first quarter valued at approximately $81,000. GSA Capital Partners LLP grew its stake in Dingdong (Cayman) by 77.6% in the first quarter. GSA Capital Partners LLP now owns 258,305 shares of the company’s stock valued at $697,000 after acquiring an additional 112,901 shares during the period. Connor Clark & Lunn Investment Management Ltd. grew its stake in Dingdong (Cayman) by 30.7% in the first quarter. Connor Clark & Lunn Investment Management Ltd. now owns 2,641,834 shares of the company’s stock valued at $7,133,000 after acquiring an additional 621,018 shares during the period. Finally, Public Employees Retirement System of Ohio grew its stake in Dingdong (Cayman) by 36.0% in the second quarter. Public Employees Retirement System of Ohio now owns 206,206 shares of the company’s stock valued at $417,000 after acquiring an additional 54,563 shares during the period. Institutional investors and hedge funds own 24.66% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on DDL shares. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Dingdong (Cayman) in a research report on Wednesday, October 8th. Wall Street Zen raised Dingdong (Cayman) from a “hold” rating to a “buy” rating in a research report on Saturday, August 30th. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the company presently has a consensus rating of “Hold”.

Dingdong (Cayman) Trading Down 3.9%

Shares of Dingdong (Cayman) stock opened at $1.83 on Monday. The business’s fifty day simple moving average is $2.13 and its 200 day simple moving average is $2.20. The firm has a market capitalization of $431.12 million, a P/E ratio of 8.69 and a beta of 0.47. Dingdong has a 12 month low of $1.82 and a 12 month high of $4.79.

Dingdong (Cayman) (NYSE:DDL) last issued its quarterly earnings results on Thursday, August 21st. The company reported $0.06 EPS for the quarter. The business had revenue of $834.20 million for the quarter. Dingdong (Cayman) had a return on equity of 41.69% and a net margin of 1.39%. Analysts predict that Dingdong will post 0.07 EPS for the current fiscal year.

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.