Marshall Wace LLP Invests $490,000 in Dada Nexus Limited (NASDAQ:DADA)

Marshall Wace LLP acquired a new stake in shares of Dada Nexus Limited (NASDAQ:DADA - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 404,586 shares of the company's stock, valued at approximately $490,000. Marshall Wace LLP owned about 0.16% of Dada Nexus as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. GenTrust LLC bought a new stake in shares of Dada Nexus in the 4th quarter worth approximately $33,000. QRG Capital Management Inc. bought a new stake in Dada Nexus in the fourth quarter valued at $34,000. New York State Common Retirement Fund bought a new position in shares of Dada Nexus during the fourth quarter worth about $34,000. Virtu Financial LLC bought a new position in shares of Dada Nexus during the fourth quarter worth about $46,000. Finally, Geode Capital Management LLC increased its holdings in shares of 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 acquiring an additional 51,884 shares during the period. Institutional investors own 59.25% of the company's stock.

Dada Nexus Trading Up 1.3 %

Dada Nexus stock traded up $0.03 during midday trading on Tuesday, reaching $1.98. 7,496,920 shares of the stock traded hands, compared to its average volume of 1,877,087. Dada Nexus Limited has a fifty-two week low of $1.04 and a fifty-two week high of $2.52. The firm has a market cap of $510.04 million, a price-to-earnings ratio of -1.78 and a beta of 1.33. The firm has a fifty day moving average price of $1.88 and a two-hundred day moving average price of $1.66.

Dada Nexus (NASDAQ:DADA - Get Free Report) last issued its quarterly earnings data on Wednesday, March 5th. The company reported ($0.03) earnings per share (EPS) for the quarter. The business 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 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.