Leading Securities Co Ltd Invests $1.30 Million in Dada Nexus Limited (NASDAQ:DADA)

Leading Securities Co Ltd bought a new position in shares of Dada Nexus Limited (NASDAQ:DADA) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 1,073,081 shares of the company’s stock, valued at approximately $1,298,000. Dada Nexus accounts for approximately 4.2% of Leading Securities Co Ltd’s investment portfolio, making the stock its 4th biggest holding.

Other large investors have also recently bought and sold shares of the company. Rovida Investment Management Ltd acquired a new stake in Dada Nexus during the 4th quarter valued at approximately $5,536,000. Virtu Financial LLC acquired a new position in Dada Nexus during the fourth quarter valued at $46,000. Harvest Fund Management Co. Ltd boosted its holdings in Dada Nexus by 7,106.8% in the fourth quarter. Harvest Fund Management Co. Ltd now owns 912,664 shares of the company’s stock valued at $1,104,000 after purchasing an additional 900,000 shares during the last quarter. Prescott Group Capital Management L.L.C. boosted its holdings in Dada Nexus by 17.2% in the fourth quarter. Prescott Group Capital Management L.L.C. now owns 1,347,334 shares of the company’s stock valued at $1,630,000 after purchasing an additional 198,000 shares during the last quarter. Finally, QRG Capital Management Inc. acquired a new stake in Dada Nexus during the 4th quarter worth about $34,000. Hedge funds and other institutional investors own 59.25% of the company’s stock.

Dada Nexus Stock Down 1.1 %

Shares of DADA stock opened at $1.88 on Thursday. Dada Nexus Limited has a 52-week low of $1.04 and a 52-week high of $2.52. The stock has a market cap of $487.23 million, a PE ratio of -1.69 and a beta of 1.40. The business has a 50-day simple moving average of $1.79 and a 200-day simple moving average of $1.60.

Dada Nexus (NASDAQ:DADA) last released its quarterly earnings data on Wednesday, March 5th. The company reported ($0.03) EPS for the quarter. The company 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.