37,668 Shares in Dada Nexus Limited (NASDAQ:DADA) Acquired by Virtu Financial LLC

Virtu Financial LLC acquired a new position in shares of Dada Nexus Limited (NASDAQ:DADA) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 37,668 shares of the company’s stock, valued at approximately $46,000.

A number of other institutional investors also recently bought and sold shares of the company. Harvest Fund Management Co. Ltd grew its holdings in shares of Dada Nexus by 7,106.8% during the fourth quarter. Harvest Fund Management Co. Ltd now owns 912,664 shares of the company’s stock worth $1,104,000 after buying an additional 900,000 shares in the last quarter. Prescott Group Capital Management L.L.C. boosted its position in Dada Nexus by 17.2% during the fourth quarter. Prescott Group Capital Management L.L.C. now owns 1,347,334 shares of the company’s stock worth $1,630,000 after acquiring an additional 198,000 shares during the last quarter. QRG Capital Management Inc. acquired a new stake in Dada Nexus during the fourth quarter worth approximately $34,000. GenTrust LLC purchased a new stake in Dada Nexus in the 4th quarter worth approximately $33,000. Finally, New York State Common Retirement Fund acquired a new position in Dada Nexus in the 4th quarter valued at $34,000. 59.25% of the stock is currently owned by hedge funds and other institutional investors.

Dada Nexus Stock Up 3.2 %

DADA stock opened at $1.91 on Wednesday. The stock has a market capitalization of $495.01 million, a price-to-earnings ratio of -1.72 and a beta of 1.40. Dada Nexus Limited has a 52-week low of $1.04 and a 52-week high of $2.52. The stock’s fifty day simple moving average is $1.83 and its 200-day simple moving average is $1.63.

Dada Nexus (NASDAQ:DADA) last announced its quarterly earnings results 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

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.