Jane Street Group LLC decreased its holdings in Dada Nexus Limited (NASDAQ:DADA - Free Report) by 65.7% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 80,832 shares of the company's stock after selling 154,834 shares during the quarter. Jane Street Group LLC's holdings in Dada Nexus were worth $98,000 as of its most recent SEC filing.
A number of other institutional investors have also recently made changes to their positions in DADA. GenTrust LLC acquired a new stake in Dada Nexus during the 4th quarter worth about $33,000. QRG Capital Management Inc. acquired a new stake in Dada Nexus during the 4th quarter worth about $34,000. New York State Common Retirement Fund acquired a new stake in Dada Nexus during the 4th quarter worth about $34,000. Virtu Financial LLC acquired a new stake in Dada Nexus during the 4th quarter worth about $46,000. Finally, Geode Capital Management LLC lifted its position in Dada Nexus by 472.8% during the 4th quarter. Geode Capital Management LLC now owns 62,858 shares of the company's stock worth $76,000 after acquiring an additional 51,884 shares during the period. Institutional investors and hedge funds own 59.25% of the company's stock.
Dada Nexus Stock Performance
Shares of DADA opened at $2.01 on Friday. The stock has a 50-day moving average of $1.96 and a two-hundred day moving average of $1.73. Dada Nexus Limited has a one year low of $1.04 and a one year high of $2.52. The stock has a market cap of $519.07 million, a P/E ratio of -1.81 and a beta of 1.33.
Dada Nexus (NASDAQ:DADA - Get Free Report) last issued 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 firm had revenue of $338.25 million for the quarter.
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.
Further Reading
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