Marshall Wace LLP purchased a new position in shares of Dada Nexus Limited (NASDAQ:DADA - Free Report) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 404,586 shares of the company's stock, valued at approximately $490,000. Marshall Wace LLP owned about 0.16% of Dada Nexus at the end of the most recent reporting period.
A number of other large investors have also bought and sold shares of DADA. GenTrust LLC bought a new position in shares of Dada Nexus in the fourth quarter worth about $33,000. QRG Capital Management Inc. acquired a new stake in shares of Dada Nexus during the fourth quarter worth $34,000. New York State Common Retirement Fund bought a new stake in Dada Nexus in the fourth quarter valued at about $34,000. Virtu Financial LLC acquired a new position in Dada Nexus in the fourth quarter valued at about $46,000. Finally, Geode Capital Management LLC boosted its holdings in Dada Nexus by 472.8% during the fourth quarter. Geode Capital Management LLC now owns 62,858 shares of the company's stock worth $76,000 after buying an additional 51,884 shares during the last quarter. 59.25% of the stock is currently owned by institutional investors.
Dada Nexus Price Performance
Shares of Dada Nexus stock remained flat at $1.97 during trading on Thursday. The stock had a trading volume of 1,111,000 shares, compared to its average volume of 1,907,075. The company has a market capitalization of $508.74 million, a price-to-earnings ratio of -1.77 and a beta of 1.33. The stock has a fifty day moving average price of $1.88 and a two-hundred day moving average price of $1.67. Dada Nexus Limited has a 52 week low of $1.04 and a 52 week high of $2.52.
Dada Nexus (NASDAQ:DADA - Get Free Report) last issued its earnings results on Wednesday, March 5th. The company reported ($0.03) EPS for the quarter. Dada Nexus had a negative net margin of 20.95% and a negative return on equity of 12.70%. The firm had revenue of $338.25 million during the quarter.
Dada Nexus Company 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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