Quadrature Capital Ltd bought a new stake in Dada Nexus Limited (NASDAQ:DADA – Free Report) 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.
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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.
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