Public Employees Retirement System of Ohio Acquires New Stake in Dingdong (Cayman) Limited (NYSE:DDL)

Public Employees Retirement System of Ohio bought a new position in shares of Dingdong (Cayman) Limited (NYSE:DDL) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 68,776 shares of the company’s stock, valued at approximately $244,000.

A number of other institutional investors have also added to or reduced their stakes in DDL. Acadian Asset Management LLC purchased a new stake in shares of Dingdong (Cayman) during the 2nd quarter valued at $86,000. Quadrature Capital Ltd increased its stake in Dingdong (Cayman) by 87.9% in the third quarter. Quadrature Capital Ltd now owns 47,686 shares of the company’s stock valued at $168,000 after acquiring an additional 22,302 shares during the last quarter. Centiva Capital LP purchased a new stake in Dingdong (Cayman) during the third quarter valued at about $170,000. XTX Topco Ltd bought a new stake in Dingdong (Cayman) during the third quarter worth about $225,000. Finally, GSA Capital Partners LLP boosted its holdings in shares of Dingdong (Cayman) by 81.0% in the 3rd quarter. GSA Capital Partners LLP now owns 72,561 shares of the company’s stock worth $258,000 after purchasing an additional 32,478 shares in the last quarter. 24.66% of the stock is currently owned by institutional investors.

Dingdong (Cayman) Trading Up 2.3 %

Shares of NYSE DDL opened at $4.08 on Friday. The stock has a market cap of $963.81 million, a price-to-earnings ratio of 45.33 and a beta of 0.37. The stock’s 50-day moving average is $3.93 and its 200 day moving average is $2.85. Dingdong has a 1-year low of $1.07 and a 1-year high of $4.79.

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.