Rovida Investment Management Ltd acquired a new stake in shares of Dada Nexus Limited (NASDAQ:DADA - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 4,613,268 shares of the company's stock, valued at approximately $5,536,000. Dada Nexus accounts for about 1.7% of Rovida Investment Management Ltd's investment portfolio, making the stock its 13th largest holding. Rovida Investment Management Ltd owned about 1.78% of Dada Nexus at the end of the most recent reporting period.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Virtu Financial LLC purchased a new stake in Dada Nexus during the 4th quarter valued at $46,000. Harvest Fund Management Co. Ltd grew its holdings in shares of Dada Nexus by 7,106.8% in the fourth quarter. Harvest Fund Management Co. Ltd now owns 912,664 shares of the company's stock worth $1,104,000 after acquiring an additional 900,000 shares during the period. Prescott Group Capital Management L.L.C. increased its position in Dada Nexus by 17.2% during 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 acquiring an additional 198,000 shares during the last quarter. QRG Capital Management Inc. purchased a new stake in Dada Nexus during the fourth quarter valued at $34,000. Finally, GenTrust LLC bought a new position in Dada Nexus in the fourth quarter valued at about $33,000. Hedge funds and other institutional investors own 59.25% of the company's stock.
Dada Nexus Price Performance
Shares of Dada Nexus stock remained flat at $1.85 during trading hours on Friday. The company's stock had a trading volume of 625,840 shares, compared to its average volume of 1,697,979. Dada Nexus Limited has a 1-year low of $1.04 and a 1-year high of $2.52. The company has a market capitalization of $479.46 million, a price-to-earnings ratio of -1.67 and a beta of 1.40. The business's 50 day moving average is $1.81 and its 200 day moving average is $1.61.
Dada Nexus (NASDAQ:DADA - Get Free Report) last posted its quarterly earnings data on Wednesday, March 5th. The company reported ($0.03) earnings per share (EPS) for the quarter. Dada Nexus had a negative return on equity of 12.70% and a negative net margin of 20.95%. The business had revenue of $338.25 million during the quarter.
Dada Nexus 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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