Two Sigma Investments LP lowered its position in shares of Dada Nexus Limited (NASDAQ:DADA - Free Report) by 38.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 431,366 shares of the company's stock after selling 273,170 shares during the quarter. Two Sigma Investments LP owned about 0.17% of Dada Nexus worth $522,000 as of its most recent SEC filing.
A number of other hedge funds have also added to or reduced their stakes in DADA. Bank of America Corp DE boosted its position in Dada Nexus by 1,362.9% during the fourth quarter. Bank of America Corp DE now owns 2,326,212 shares of the company's stock worth $2,815,000 after purchasing an additional 2,167,196 shares during the period. New York State Common Retirement Fund bought a new position in shares of Dada Nexus in the fourth quarter worth approximately $34,000. Harvest Fund Management Co. Ltd increased its holdings in Dada Nexus by 7,106.8% during the 4th quarter. Harvest Fund Management Co. Ltd now owns 912,664 shares of the company's stock valued at $1,104,000 after purchasing an additional 900,000 shares during the period. Geode Capital Management LLC raised its holdings in Dada Nexus by 472.8% in the 4th quarter. Geode Capital Management LLC now owns 62,858 shares of the company's stock worth $76,000 after purchasing an additional 51,884 shares in the last quarter. Finally, Virtu Financial LLC bought a new position in Dada Nexus in the fourth quarter worth $46,000. 59.25% of the stock is currently owned by institutional investors.
Dada Nexus Price Performance
DADA remained flat at $1.98 during trading on Thursday. The company's stock had a trading volume of 686,826 shares, compared to its average volume of 1,985,693. The firm has a market cap of $511.33 million, a PE ratio of -1.78 and a beta of 1.33. The business's 50-day moving average is $1.96 and its 200 day moving average is $1.74. Dada Nexus Limited has a 1-year low of $1.04 and a 1-year high of $2.52.
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.
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