XTX Topco Ltd Purchases Shares of 63,494 Dingdong (Cayman) Limited (NYSE:DDL)

XTX Topco Ltd acquired a new position in shares of Dingdong (Cayman) Limited (NYSE:DDL) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 63,494 shares of the company’s stock, valued at approximately $225,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in DDL. Renaissance Technologies LLC increased its position in shares of Dingdong (Cayman) by 63.4% during the 2nd quarter. Renaissance Technologies LLC now owns 690,200 shares of the company’s stock worth $1,373,000 after purchasing an additional 267,700 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. grew its stake in Dingdong (Cayman) by 3,090.3% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 684,345 shares of the company’s stock worth $2,429,000 after buying an additional 662,894 shares during the last quarter. State Street Corp increased its holdings in shares of Dingdong (Cayman) by 32.7% during the third quarter. State Street Corp now owns 253,119 shares of the company’s stock worth $899,000 after buying an additional 62,338 shares in the last quarter. Jane Street Group LLC raised its stake in shares of Dingdong (Cayman) by 110.8% in the third quarter. Jane Street Group LLC now owns 248,189 shares of the company’s stock valued at $881,000 after acquiring an additional 130,470 shares during the last quarter. 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 acquiring an additional 32,478 shares in the last quarter. 24.66% of the stock is owned by institutional investors.

Dingdong (Cayman) Price Performance

DDL stock opened at $3.99 on Friday. The stock has a market capitalization of $942.55 million, a price-to-earnings ratio of 44.33 and a beta of 0.37. The business has a fifty day moving average price of $3.92 and a 200 day moving average price of $2.84. Dingdong has a fifty-two week low of $1.07 and a fifty-two week 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.