Leading Securities Co Ltd acquired a new position in Dada Nexus Limited (NASDAQ:DADA - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 1,073,081 shares of the company's stock, valued at approximately $1,298,000. Dada Nexus makes up about 4.2% of Leading Securities Co Ltd's investment portfolio, making the stock its 4th largest holding. Leading Securities Co Ltd owned about 0.41% of Dada Nexus as of its most recent SEC filing.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in DADA. Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of Dada Nexus during the third quarter valued at approximately $26,000. GenTrust LLC purchased a new stake in shares of Dada Nexus during the 4th quarter valued at $33,000. QRG Capital Management Inc. bought a new stake in shares of Dada Nexus during the 4th quarter worth $34,000. New York State Common Retirement Fund purchased a new position in shares of Dada Nexus in the 4th quarter worth about $34,000. Finally, Wolverine Trading LLC bought a new position in Dada Nexus during the third quarter valued at about $42,000. Hedge funds and other institutional investors own 59.25% of the company's stock.
Dada Nexus Stock Performance
NASDAQ DADA opened at $1.85 on Tuesday. The company has a market capitalization of $479.46 million, a PE ratio of -1.67 and a beta of 1.40. Dada Nexus Limited has a 52-week low of $1.04 and a 52-week high of $2.52. The company has a 50-day simple moving average of $1.82 and a 200 day simple moving average of $1.62.
Dada Nexus (NASDAQ:DADA - Get Free Report) last posted its quarterly earnings results on Wednesday, March 5th. The company reported ($0.03) EPS for the quarter. Dada Nexus had a negative return on equity of 12.70% and a negative net margin of 20.95%. The company had revenue of $338.25 million during the quarter.
Dada Nexus Company Profile
(
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.
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