Sei Investments Co. Buys 34,747 Shares of Dingdong (Cayman) Limited (NYSE:DDL)

Sei Investments Co. boosted its stake in shares of Dingdong (Cayman) Limited (NYSE:DDL) by 139.7% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 59,617 shares of the company’s stock after purchasing an additional 34,747 shares during the period. Sei Investments Co.’s holdings in Dingdong (Cayman) were worth $196,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of DDL. Centiva Capital LP purchased a new position in shares of Dingdong (Cayman) during the 3rd quarter valued at about $170,000. State Street Corp raised its stake in Dingdong (Cayman) by 32.7% during the 3rd quarter. State Street Corp now owns 253,119 shares of the company’s stock worth $899,000 after acquiring an additional 62,338 shares during the period. Jane Street Group LLC lifted its holdings in Dingdong (Cayman) by 110.8% during the third quarter. Jane Street Group LLC now owns 248,189 shares of the company’s stock valued at $881,000 after purchasing an additional 130,470 shares in the last quarter. XTX Topco Ltd bought a new position in shares of Dingdong (Cayman) in the third quarter worth approximately $225,000. Finally, Public Employees Retirement System of Ohio purchased a new stake in shares of Dingdong (Cayman) in the third quarter worth $244,000. Institutional investors own 24.66% of the company’s stock.

Dingdong (Cayman) Price Performance

Shares of DDL stock opened at $2.16 on Friday. Dingdong has a one year low of $1.08 and a one year high of $4.79. The company’s fifty day moving average price is $3.02 and its 200-day moving average price is $3.47. The company has a market capitalization of $509.07 million, a price-to-earnings ratio of 23.94 and a beta of 0.55.

Dingdong (Cayman) (NYSE:DDL) last posted its quarterly earnings results on Thursday, March 6th. The company reported $0.06 EPS for the quarter, beating analysts’ consensus estimates of $0.04 by $0.02. Dingdong (Cayman) had a return on equity of 40.86% and a net margin of 0.90%. The business had revenue of $808.99 million for the quarter, compared to analysts’ expectations of $798.85 million. Equities research analysts expect that Dingdong will post 0.07 earnings per share for the current fiscal year.

Dingdong (Cayman) declared that its board has approved a share buyback program on Thursday, March 6th that allows the company to repurchase $20.00 million in outstanding shares. This repurchase authorization allows the company to repurchase up to 2.7% of its shares through open market purchases. Shares repurchase programs are generally an indication that the company’s management believes its shares are undervalued.

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.