Quadrature Capital Ltd Makes New Investment in Dada Nexus Limited (NASDAQ:DADA)

Quadrature Capital Ltd bought a new stake in Dada Nexus Limited (NASDAQ:DADA) in the third quarter, Holdings Channel reports. The institutional investor bought 35,553 shares of the company’s stock, valued at approximately $67,000.

A number of other institutional investors also recently modified their holdings of the company. Point72 Asia Singapore Pte. Ltd. bought a new position in shares of Dada Nexus in the third quarter valued at approximately $26,000. SG Americas Securities LLC bought a new position in shares of Dada Nexus in the third quarter valued at approximately $126,000. Susquehanna Fundamental Investments LLC bought a new position in Dada Nexus in the 2nd quarter worth approximately $136,000. Marshall Wace LLP raised its position in Dada Nexus by 7.5% in the 2nd quarter. Marshall Wace LLP now owns 619,716 shares of the company’s stock worth $781,000 after purchasing an additional 43,359 shares during the last quarter. Finally, Canada Pension Plan Investment Board raised its position in Dada Nexus by 202.3% in the 2nd quarter. Canada Pension Plan Investment Board now owns 618,010 shares of the company’s stock worth $779,000 after purchasing an additional 413,600 shares during the last quarter. Institutional investors own 59.25% of the company’s stock.

Dada Nexus Trading Down 0.7 %

Shares of NASDAQ DADA opened at $1.47 on Friday. The company has a fifty day moving average price of $1.62 and a 200 day moving average price of $1.47. Dada Nexus Limited has a 1-year low of $1.04 and a 1-year high of $3.67. The firm has a market cap of $381.91 million, a PE ratio of -1.32 and a beta of 1.32.

Analyst Upgrades and Downgrades

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

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.