Millennium Management LLC cut its holdings in shares of Dada Nexus Limited (NASDAQ:DADA - Free Report) by 93.9% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 88,663 shares of the company's stock after selling 1,364,008 shares during the quarter. Millennium Management LLC's holdings in Dada Nexus were worth $107,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. GenTrust LLC bought a new stake in Dada Nexus during the 4th quarter worth about $33,000. QRG Capital Management Inc. bought a new stake in shares of Dada Nexus in the 4th quarter valued at about $34,000. New York State Common Retirement Fund bought a new stake in shares of Dada Nexus in the 4th quarter valued at about $34,000. Virtu Financial LLC bought a new stake in shares of Dada Nexus in the 4th quarter valued at about $46,000. Finally, Susquehanna Fundamental Investments LLC bought a new stake in shares of Dada Nexus in the 4th quarter valued at about $63,000. 59.25% of the stock is owned by institutional investors.
Dada Nexus Stock Performance
Shares of DADA stock opened at $1.99 on Friday. The firm's 50-day moving average is $1.97 and its 200-day moving average is $1.75. The stock has a market cap of $512.62 million, a price-to-earnings ratio of -1.79 and a beta of 1.33. Dada Nexus Limited has a 52-week low of $1.04 and a 52-week high of $2.52.
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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