Jump Financial LLC Purchases New Stake in Dada Nexus Limited (NASDAQ:DADA)

Jump Financial LLC acquired a new position in shares of Dada Nexus Limited (NASDAQ:DADAFree Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 12,691 shares of the company’s stock, valued at approximately $42,000.

Other large investors also recently added to or reduced their stakes in the company. Baillie Gifford & Co. grew its position in shares of Dada Nexus by 1.0% during the 3rd quarter. Baillie Gifford & Co. now owns 7,489,745 shares of the company’s stock worth $33,329,000 after buying an additional 75,734 shares during the period. Aviva PLC lifted its stake in shares of Dada Nexus by 56.0% in the 3rd quarter. Aviva PLC now owns 1,443,060 shares of the company’s stock valued at $6,422,000 after purchasing an additional 518,113 shares during the period. Federated Hermes Inc. boosted its position in shares of Dada Nexus by 135.5% in the 3rd quarter. Federated Hermes Inc. now owns 1,203,059 shares of the company’s stock worth $5,354,000 after purchasing an additional 692,120 shares during the last quarter. Lansdowne Partners UK LLP acquired a new stake in shares of Dada Nexus during the third quarter worth $2,920,000. Finally, New Silk Road Investment PTE Ltd. grew its stake in shares of Dada Nexus by 43.3% during the third quarter. New Silk Road Investment PTE Ltd. now owns 498,700 shares of the company’s stock worth $2,219,000 after purchasing an additional 150,700 shares during the period. 59.25% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

DADA has been the topic of a number of analyst reports. The Goldman Sachs Group initiated coverage on shares of Dada Nexus in a research report on Thursday, April 25th. They issued a “neutral” rating and a $2.10 price target on the stock. Mizuho cut their target price on shares of Dada Nexus from $6.00 to $5.00 and set a “buy” rating on the stock in a report on Tuesday, May 21st. Daiwa Capital Markets lowered shares of Dada Nexus from a “buy” rating to a “neutral” rating in a report on Thursday, May 16th. Daiwa America downgraded Dada Nexus from a “strong-buy” rating to a “moderate buy” rating in a research note on Thursday, May 16th. Finally, New Street Research reissued a “neutral” rating and issued a $2.00 target price (down from $15.00) on shares of Dada Nexus in a research note on Wednesday, March 6th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, Dada Nexus currently has an average rating of “Hold” and a consensus price target of $3.66.

Read Our Latest Research Report on Dada Nexus

Dada Nexus Stock Up 1.8 %

Shares of Dada Nexus stock opened at $1.71 on Friday. The company has a 50-day simple moving average of $1.97 and a two-hundred day simple moving average of $2.39. Dada Nexus Limited has a twelve month low of $1.36 and a twelve month high of $6.94. The stock has a market capitalization of $452.36 million, a price-to-earnings ratio of -1.34 and a beta of 1.46.

Dada Nexus (NASDAQ:DADAGet Free Report) last released its earnings results on Monday, March 25th. The company reported ($0.10) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.01) by ($0.09). Dada Nexus had a negative return on equity of 14.73% and a negative net margin of 22.77%. The company had revenue of $381.95 million for the quarter, compared to analyst estimates of $436.80 million. On average, sell-side analysts anticipate that Dada Nexus Limited will post 0.22 earnings per share for the current fiscal year.

About Dada Nexus

(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.

See Also

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Institutional Ownership by Quarter for Dada Nexus (NASDAQ:DADA)

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