Dingdong (Cayman) (NYSE:DDL) Trading Up 2.5%

Dingdong (Cayman) Limited (NYSE:DDL)’s stock price was up 2.5% during trading on Monday . The company traded as high as $2.04 and last traded at $2.04. Approximately 58,404 shares traded hands during mid-day trading, a decline of 86% from the average daily volume of 407,607 shares. The stock had previously closed at $1.99.

Analyst Ratings Changes

Separately, JPMorgan Chase & Co. reduced their target price on shares of Dingdong (Cayman) from $1.40 to $1.15 and set an “underweight” rating for the company in a report on Tuesday, March 5th.

Dingdong (Cayman) Stock Up 2.5 %

The business’s fifty day moving average price is $1.84 and its 200 day moving average price is $1.50. The firm has a market capitalization of $481.91 million, a PE ratio of -68.00 and a beta of 0.25.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. increased its stake in shares of Dingdong (Cayman) by 0.4% during the first quarter. Vanguard Group Inc. now owns 4,849,609 shares of the company’s stock worth $5,917,000 after acquiring an additional 17,900 shares during the period. Virtu Financial LLC acquired a new position in shares of Dingdong (Cayman) during the first quarter worth about $54,000. Finally, Platinum Investment Management Ltd. increased its stake in shares of Dingdong (Cayman) by 1.8% during the fourth quarter. Platinum Investment Management Ltd. now owns 9,308,945 shares of the company’s stock worth $13,963,000 after acquiring an additional 166,736 shares during the period. 24.66% of the stock is currently owned by institutional investors and hedge funds.

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.