Leading Securities Co Ltd Invests $1.30 Million in Dada Nexus Limited (NASDAQ:DADA)

Leading Securities Co Ltd acquired a new stake in shares of Dada Nexus Limited (NASDAQ:DADA) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 1,073,081 shares of the company’s stock, valued at approximately $1,298,000. Dada Nexus accounts for approximately 4.2% of Leading Securities Co Ltd’s holdings, making the stock its 4th biggest holding. Leading Securities Co Ltd owned approximately 0.41% of Dada Nexus as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the business. Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of Dada Nexus in the 3rd quarter valued at $26,000. GenTrust LLC purchased a new position in Dada Nexus in the fourth quarter valued at about $33,000. QRG Capital Management Inc. bought a new position in Dada Nexus in the fourth quarter worth about $34,000. New York State Common Retirement Fund purchased a new stake in shares of Dada Nexus during the fourth quarter valued at about $34,000. Finally, Wolverine Trading LLC bought a new stake in shares of Dada Nexus in the 3rd quarter valued at about $42,000. Institutional investors own 59.25% of the company’s stock.

Dada Nexus Stock Down 1.1 %

NASDAQ DADA opened at $1.88 on Thursday. Dada Nexus Limited has a 52 week low of $1.04 and a 52 week high of $2.52. The company has a 50 day moving average price of $1.79 and a 200 day moving average price of $1.60. The firm has a market cap of $487.23 million, a PE ratio of -1.69 and a beta of 1.40.

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

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.