JPMorgan Chase & Co. Has $351,000 Stock Position in Dingdong (Cayman) Limited (NYSE:DDL)

JPMorgan Chase & Co. reduced its holdings in Dingdong (Cayman) Limited (NYSE:DDL) by 77.9% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 98,934 shares of the company’s stock after selling 349,468 shares during the quarter. JPMorgan Chase & Co.’s holdings in Dingdong (Cayman) were worth $351,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Virtu Financial LLC acquired a new position in Dingdong (Cayman) during the 3rd quarter worth about $115,000. Quadrature Capital Ltd increased its holdings in shares of 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 purchasing an additional 22,302 shares in the last quarter. Centiva Capital LP bought a new position in Dingdong (Cayman) in the 3rd quarter worth approximately $170,000. XTX Topco Ltd bought a new position in Dingdong (Cayman) in the 3rd quarter valued at $225,000. Finally, Public Employees Retirement System of Ohio acquired a new stake in Dingdong (Cayman) in the third quarter worth about $244,000. 24.66% of the stock is owned by institutional investors and hedge funds.

Dingdong (Cayman) Trading Down 2.5 %

NYSE DDL opened at $3.33 on Thursday. The stock has a 50-day simple moving average of $3.75 and a 200 day simple moving average of $3.15. The company has a market capitalization of $770.10 million, a PE ratio of 36.94 and a beta of 0.44. Dingdong has a 12 month low of $1.08 and a 12 month high of $4.79.

Dingdong (Cayman) (NYSE:DDL) last released its quarterly earnings data on Wednesday, November 6th. The company reported $0.09 earnings per share for the quarter, beating the consensus estimate of $0.03 by $0.06. The business had revenue of $931.69 million for the quarter, compared to analysts’ expectations of $756.72 million. Dingdong (Cayman) had a return on equity of 40.86% and a net margin of 0.90%. As a group, sell-side analysts predict that Dingdong will post 0.07 earnings per share for the current fiscal year.

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.