Walleye Capital LLC boosted its stake in shares of Dada Nexus Limited (NASDAQ:DADA - Free Report) by 267.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 409,566 shares of the company's stock after buying an additional 298,018 shares during the period. Walleye Capital LLC owned 0.16% of Dada Nexus worth $496,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. XTX Topco Ltd acquired a new position in shares of Dada Nexus in the fourth quarter worth about $152,000. Renaissance Technologies LLC raised its stake in Dada Nexus by 20.5% in the fourth quarter. Renaissance Technologies LLC now owns 1,362,900 shares of the company's stock valued at $1,649,000 after buying an additional 232,100 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of 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 purchasing an additional 51,884 shares during the last quarter. Leading Securities Co Ltd acquired a new stake in Dada Nexus during the 4th quarter worth approximately $1,298,000. Finally, Rovida Investment Management Ltd purchased a new stake in Dada Nexus in the 4th quarter valued at approximately $5,536,000. Hedge funds and other institutional investors own 59.25% of the company's stock.
Dada Nexus Price Performance
Shares of NASDAQ DADA traded down $0.02 on Tuesday, hitting $1.92. The company's stock had a trading volume of 101,136 shares, compared to its average volume of 1,840,775. The stock has a 50 day moving average of $1.87 and a 200-day moving average of $1.65. The company has a market capitalization of $494.54 million, a price-to-earnings ratio of -1.73 and a beta of 1.34. Dada Nexus Limited has a 12-month low of $1.04 and a 12-month high of $2.52.
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 for the quarter. The business had revenue of $338.25 million for the quarter. Dada Nexus had a negative net margin of 20.95% and a negative return on equity of 12.70%.
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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