Walleye Capital LLC Sells 13,116 Shares of Dada Nexus Limited (NASDAQ:DADA)

Walleye Capital LLC decreased its stake in shares of Dada Nexus Limited (NASDAQ:DADA) by 10.5% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 111,548 shares of the company’s stock after selling 13,116 shares during the period. Walleye Capital LLC’s holdings in Dada Nexus were worth $212,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Marshall Wace LLP boosted its position in Dada Nexus by 7.5% during the 2nd quarter. Marshall Wace LLP now owns 619,716 shares of the company’s stock valued at $781,000 after acquiring an additional 43,359 shares in the last quarter. Headlands Technologies LLC grew its stake in Dada Nexus by 111.2% in 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 period. SG Americas Securities LLC bought a new position in Dada Nexus in the third quarter worth $126,000. Susquehanna Fundamental Investments LLC purchased a new position in Dada Nexus during the second quarter valued at $136,000. Finally, Dimensional Fund Advisors LP bought a new stake in shares of Dada Nexus during the 2nd quarter valued at $230,000. Hedge funds and other institutional investors own 59.25% of the company’s stock.

Analyst Ratings Changes

DADA has been the topic of several research reports. Citigroup dropped their price objective on shares of Dada Nexus from $2.00 to $1.90 and set a “neutral” rating on the stock in a research note on Friday, November 15th. Daiwa Capital Markets started coverage on Dada Nexus in a research report on Thursday, August 22nd. They issued a “neutral” rating on the stock. Daiwa America raised Dada Nexus to a “hold” rating in a research report on Thursday, August 22nd. Finally, Mizuho dropped their target price on Dada Nexus from $4.50 to $4.00 and set an “outperform” rating on the stock in a report on Tuesday, November 12th. Five investment analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $2.70.

Dada Nexus Trading Down 2.0 %

DADA stock opened at $1.48 on Thursday. The stock’s 50 day simple moving average is $1.65 and its 200 day simple moving average is $1.47. Dada Nexus Limited has a 12-month low of $1.04 and a 12-month high of $3.67. The stock has a market capitalization of $384.51 million, a PE ratio of -1.36 and a beta of 1.32.

About Dada Nexus

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.