Two Sigma Advisers LP Has $90,000 Stock Holdings in Dada Nexus Limited (NASDAQ:DADA)

Two Sigma Advisers LP trimmed its stake in shares of Dada Nexus Limited (NASDAQ:DADA) by 60.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 74,700 shares of the company’s stock after selling 112,600 shares during the quarter. Two Sigma Advisers LP’s holdings in Dada Nexus were worth $90,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Rovida Investment Management Ltd acquired a new stake in shares of Dada Nexus during the fourth quarter worth $5,536,000. Bank of America Corp DE lifted its holdings in Dada Nexus by 1,362.9% in the fourth quarter. Bank of America Corp DE now owns 2,326,212 shares of the company’s stock valued at $2,815,000 after buying an additional 2,167,196 shares during the period. Leading Securities Co Ltd bought a new stake in Dada Nexus during the fourth quarter valued at $1,298,000. Harvest Fund Management Co. Ltd boosted its position 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 valued at $1,104,000 after acquiring an additional 900,000 shares during the last quarter. Finally, Marshall Wace LLP acquired a new stake in Dada Nexus during the 4th quarter worth about $490,000. 59.25% of the stock is owned by institutional investors and hedge funds.

Dada Nexus Price Performance

Shares of Dada Nexus stock opened at $2.01 on Monday. The stock’s 50-day moving average is $1.96 and its 200 day moving average is $1.73. Dada Nexus Limited has a one year low of $1.04 and a one year high of $2.52. The firm has a market cap of $519.07 million, a price-to-earnings ratio of -1.81 and a beta of 1.33.

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.