Barclays PLC Has $216,000 Stake in Dada Nexus Limited (NASDAQ:DADA)

Barclays PLC trimmed its stake in Dada Nexus Limited (NASDAQ:DADA) by 18.0% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 113,921 shares of the company’s stock after selling 25,000 shares during the period. Barclays PLC’s holdings in Dada Nexus were worth $216,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of DADA. Point72 Asia Singapore Pte. Ltd. bought a new stake in Dada Nexus in the third quarter valued at $26,000. Wolverine Trading LLC bought a new stake in shares of Dada Nexus during the third quarter worth $42,000. Quadrature Capital Ltd bought a new stake in shares of Dada Nexus during the third quarter worth $67,000. Headlands Technologies LLC grew its holdings in shares of Dada Nexus by 111.2% during the second quarter. Headlands Technologies LLC now owns 85,835 shares of the company’s stock worth $108,000 after purchasing an additional 45,192 shares during the last quarter. Finally, SG Americas Securities LLC bought a new stake in shares of Dada Nexus during the third quarter worth $126,000. 59.25% of the stock is currently owned by institutional investors.

Dada Nexus Stock Performance

Shares of NASDAQ DADA opened at $1.32 on Tuesday. Dada Nexus Limited has a 12 month low of $1.04 and a 12 month high of $2.83. The stock has a 50 day moving average of $1.46 and a 200-day moving average of $1.44. The company has a market capitalization of $342.94 million, a P/E ratio of -1.19 and a beta of 1.36.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the company. Mizuho decreased their price target on Dada Nexus from $4.50 to $4.00 and set an “outperform” rating on the stock in a report on Tuesday, November 12th. Citigroup decreased their price target on Dada Nexus from $2.00 to $1.90 and set a “neutral” rating on the stock in a report on Friday, November 15th. Five equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $2.70.

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.