Dada Nexus Limited (NASDAQ:DADA) Stake Lessened by Two Sigma Investments LP

Two Sigma Investments LP cut its stake in Dada Nexus Limited (NASDAQ:DADA) by 38.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 431,366 shares of the company’s stock after selling 273,170 shares during the period. Two Sigma Investments LP owned approximately 0.17% of Dada Nexus worth $522,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in DADA. New York State Common Retirement Fund bought a new position in shares of Dada Nexus in the fourth quarter valued at approximately $34,000. GenTrust LLC bought a new position in shares of Dada Nexus in the fourth quarter valued at approximately $33,000. QRG Capital Management Inc. bought a new position in shares of Dada Nexus in the fourth quarter valued at approximately $34,000. Prescott Group Capital Management L.L.C. boosted its holdings in shares of 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 acquiring an additional 198,000 shares in the last quarter. Finally, Harvest Fund Management Co. Ltd boosted its holdings in 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. 59.25% of the stock is currently owned by institutional investors.

Dada Nexus Stock Performance

Shares of NASDAQ:DADA opened at $2.01 on Monday. The stock has a market capitalization of $519.07 million, a price-to-earnings ratio of -1.81 and a beta of 1.33. Dada Nexus Limited has a 1-year low of $1.04 and a 1-year high of $2.52. The company has a 50 day moving average price of $1.96 and a 200 day moving average price of $1.73.

Dada Nexus 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.