Dada Nexus Limited (NASDAQ:DADA) Shares Purchased by Harvest Fund Management Co. Ltd

Harvest Fund Management Co. Ltd grew its holdings in Dada Nexus Limited (NASDAQ:DADA) by 7,106.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 912,664 shares of the company’s stock after purchasing an additional 900,000 shares during the quarter. Harvest Fund Management Co. Ltd’s holdings in Dada Nexus were worth $1,104,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. JPMorgan Chase & Co. grew its position in shares of Dada Nexus by 219.4% in the third quarter. JPMorgan Chase & Co. now owns 224,866 shares of the company’s stock valued at $427,000 after purchasing an additional 154,460 shares during the last quarter. Jane Street Group LLC grew its holdings in Dada Nexus by 45.5% during the 3rd quarter. Jane Street Group LLC now owns 235,666 shares of the company’s stock valued at $448,000 after buying an additional 73,720 shares during the last quarter. New York State Common Retirement Fund acquired a new stake in Dada Nexus during the 4th quarter valued at $34,000. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of Dada Nexus during the third quarter valued at $26,000. Finally, QRG Capital Management Inc. acquired a new stake in shares of Dada Nexus during the fourth quarter valued at $34,000. 59.25% of the stock is currently owned by institutional investors and hedge funds.

Dada Nexus Stock Up 1.1 %

DADA opened at $1.90 on Thursday. The firm has a market cap of $492.41 million, a P/E ratio of -1.71 and a beta of 1.40. Dada Nexus Limited has a 52 week low of $1.04 and a 52 week high of $2.56. The business’s fifty day simple moving average is $1.73 and its 200 day simple moving average is $1.58.

Dada Nexus (NASDAQ:DADA) last released its quarterly earnings results on Wednesday, March 5th. The company reported ($0.03) earnings per share (EPS) for the quarter. Dada Nexus had a negative return on equity of 12.70% and a negative net margin of 20.95%. The firm had revenue of $338.25 million for the quarter.

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.