Bank of America Corp DE grew its stake in shares of Dada Nexus Limited (NASDAQ:DADA - Free Report) by 1,362.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,326,212 shares of the company's stock after acquiring an additional 2,167,196 shares during the period. Bank of America Corp DE owned about 0.90% of Dada Nexus worth $2,815,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors also recently modified their holdings of DADA. Hhlr Advisors LTD. increased its stake in shares of Dada Nexus by 16.7% during the 4th quarter. Hhlr Advisors LTD. now owns 700,000 shares of the company's stock worth $847,000 after purchasing an additional 100,000 shares in the last quarter. Susquehanna Fundamental Investments LLC purchased a new position in shares of Dada Nexus during the 4th quarter worth approximately $63,000. Dimensional Fund Advisors LP increased its stake in shares of Dada Nexus by 60.1% during the 4th quarter. Dimensional Fund Advisors LP now owns 260,522 shares of the company's stock worth $316,000 after purchasing an additional 97,817 shares in the last quarter. Marshall Wace LLP purchased a new position in shares of Dada Nexus during the 4th quarter worth approximately $490,000. Finally, Walleye Capital LLC increased its stake in shares of Dada Nexus by 267.2% during the 4th quarter. Walleye Capital LLC now owns 409,566 shares of the company's stock worth $496,000 after purchasing an additional 298,018 shares in the last quarter. 59.25% of the stock is currently owned by institutional investors and hedge funds.
Dada Nexus Price Performance
DADA stock traded up $0.01 during midday trading on Tuesday, hitting $2.01. The stock had a trading volume of 222,584 shares, compared to its average volume of 1,994,398. The firm has a market cap of $519.07 million, a PE ratio of -1.81 and a beta of 1.33. Dada Nexus Limited has a 12-month low of $1.04 and a 12-month high of $2.52. The company's 50-day moving average price is $1.95 and its 200 day moving average price is $1.72.
Dada Nexus (NASDAQ:DADA - Get Free Report) last released its earnings results on Wednesday, March 5th. The company reported ($0.03) EPS for the quarter. The firm had revenue of $338.25 million during the quarter. Dada Nexus had a negative return on equity of 12.70% and a negative net margin of 20.95%.
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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