Harvest Fund Management Co. Ltd grew its stake in Dada Nexus Limited (NASDAQ:DADA - Free Report) by 7,106.8% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 912,664 shares of the company's stock after purchasing an additional 900,000 shares during the quarter. Harvest Fund Management Co. Ltd owned about 0.35% of Dada Nexus worth $1,104,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Prescott Group Capital Management L.L.C. lifted its stake in Dada Nexus by 17.2% in the fourth quarter. Prescott Group Capital Management L.L.C. now owns 1,347,334 shares of the company's stock valued at $1,630,000 after buying an additional 198,000 shares during the period. Jane Street Group LLC boosted its stake in Dada Nexus by 45.5% during the 3rd quarter. Jane Street Group LLC now owns 235,666 shares of the company's stock worth $448,000 after acquiring an additional 73,720 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in Dada Nexus by 219.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 224,866 shares of the company's stock worth $427,000 after acquiring an additional 154,460 shares during the last quarter. Harbour Capital Advisors LLC acquired a new position in Dada Nexus during the fourth quarter valued at approximately $159,000. Finally, Quadrature Capital Ltd bought a new stake in Dada Nexus in the third quarter valued at approximately $67,000. 59.25% of the stock is currently owned by institutional investors.
Dada Nexus Price Performance
Shares of NASDAQ DADA traded up $0.02 during midday trading on Monday, reaching $1.88. 568,936 shares of the stock were exchanged, compared to its average volume of 1,723,023. Dada Nexus Limited has a 12 month low of $1.04 and a 12 month high of $2.56. The business has a 50-day simple moving average of $1.75 and a two-hundred day simple moving average of $1.59. The company has a market capitalization of $487.23 million, a price-to-earnings ratio of -1.69 and a beta of 1.40.
Dada Nexus (NASDAQ:DADA - Get Free Report) last posted its earnings results on Wednesday, March 5th. The company reported ($0.03) earnings per share (EPS) for the quarter. The business had revenue of $338.25 million during the quarter. Dada Nexus had a negative net margin of 20.95% and a negative return on equity of 12.70%.
About Dada Nexus
(
Free Report)
Dada Nexus Limited operates a platform of local on-demand retail and delivery in the People's Republic of China. It operates Dada Now, a local on-demand delivery platform that provides intra-city delivery and last-mile delivery services on an on-demand basis to chain merchants, small- and medium-sized enterprise merchants, and individual senders; and JDDJ, a local on-demand retail platforms for consumers, retailers, and brand owners.
See Also
Before you consider Dada Nexus, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Dada Nexus wasn't on the list.
While Dada Nexus currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Wondering what the next stocks will be that hit it big, with solid fundamentals? Enter your email address to see which stocks MarketBeat analysts could become the next blockbuster growth stocks.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
