Dingdong (Cayman) (NYSE:DDL) Stock Price Up 7.9%

Dingdong (Cayman) Limited (NYSE:DDLGet Rating) shares were up 7.9% on Wednesday . The company traded as high as $3.99 and last traded at $3.97. Approximately 1,217 shares were traded during trading, a decline of 100% from the average daily volume of 993,095 shares. The stock had previously closed at $3.68.

Analyst Upgrades and Downgrades

Separately, JPMorgan Chase & Co. upgraded shares of Dingdong (Cayman) from an “underweight” rating to an “overweight” rating and upped their price target for the stock from $2.50 to $7.00 in a research report on Monday, May 16th.

Dingdong (Cayman) Trading Up 1.2 %

The firm has a 50-day moving average price of $4.93 and a two-hundred day moving average price of $4.78.

Dingdong (Cayman) (NYSE:DDLGet Rating) last announced its quarterly earnings results on Wednesday, June 15th. The company reported ($0.35) EPS for the quarter. The firm had revenue of $858.72 million during the quarter. Dingdong (Cayman) had a negative net margin of 15.40% and a negative return on equity of 444.71%. Research analysts anticipate that Dingdong will post -0.9 EPS for the current fiscal year.

Institutional Investors Weigh In On Dingdong (Cayman)

A number of large investors have recently bought and sold shares of the company. Penserra Capital Management LLC acquired a new position in Dingdong (Cayman) in the 4th quarter worth about $3,075,000. Ward Ferry Management BVI Ltd grew its holdings in Dingdong (Cayman) by 93.0% in the first quarter. Ward Ferry Management BVI Ltd now owns 1,069,233 shares of the company’s stock worth $3,796,000 after purchasing an additional 515,160 shares during the period. Capital Today Evergreen Fund L.P. acquired a new stake in shares of Dingdong (Cayman) in the 1st quarter valued at about $42,172,000. Citigroup Inc. raised its position in shares of Dingdong (Cayman) by 46.2% during the first quarter. Citigroup Inc. now owns 48,629 shares of the company’s stock worth $172,000 after purchasing an additional 15,357 shares during the period. Finally, Platinum Investment Management Ltd. acquired a new position in Dingdong (Cayman) during the 1st quarter valued at about $7,205,000. 28.58% of the stock is currently owned by institutional investors and hedge funds.

About Dingdong (Cayman)

(Get Rating)

Dingdong (Cayman) Limited operates an e-commerce company in China. The company offers fresh produce, meat, seafood, prepared food, and other food products, such as dairy and bakery products, snacks, oil, seasonings, and beverages. It operates as a self-operated online retail business primarily through Dingdong Fresh.

Featured Articles

Receive News & Ratings for Dingdong (Cayman) Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Dingdong (Cayman) and related companies with MarketBeat.com's FREE daily email newsletter.