Millennium Management LLC Sells 1,364,008 Shares of Dada Nexus Limited Sponsored ADR (NASDAQ:DADA)

Millennium Management LLC trimmed its stake in shares of Dada Nexus Limited Sponsored ADR (NASDAQ:DADA - Free Report) by 93.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 88,663 shares of the company's stock after selling 1,364,008 shares during the period. Millennium Management LLC's holdings in Dada Nexus were worth $107,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in DADA. Bank of America Corp DE boosted its position in shares of 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 buying an additional 2,167,196 shares during the period. New York State Common Retirement Fund bought a new stake in Dada Nexus in the 4th quarter valued at approximately $34,000. Harvest Fund Management Co. Ltd lifted its stake in Dada Nexus by 7,106.8% in the 4th quarter. Harvest Fund Management Co. Ltd now owns 912,664 shares of the company's stock valued at $1,104,000 after acquiring an additional 900,000 shares in the last quarter. Geode Capital Management LLC boosted 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 last quarter. Finally, Virtu Financial LLC bought a new position in shares of Dada Nexus during the 4th quarter worth approximately $46,000. 59.25% of the stock is currently owned by institutional investors and hedge funds.

Dada Nexus Trading Down 2.5%

Shares of NASDAQ DADA traded down $0.05 during midday trading on Tuesday, reaching $1.94. The company's stock had a trading volume of 3,894,883 shares, compared to its average volume of 1,999,343. The stock has a 50 day simple moving average of $1.97 and a 200-day simple moving average of $1.76. The stock has a market capitalization of $499.71 million, a price-to-earnings ratio of -1.81 and a beta of 1.33. Dada Nexus Limited Sponsored ADR has a fifty-two week low of $1.04 and a fifty-two week high of $2.52.

Dada Nexus Company Profile

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.