GenTrust LLC Invests $33,000 in Dada Nexus Limited (NASDAQ:DADA)

GenTrust LLC bought a new position in Dada Nexus Limited (NASDAQ:DADA) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 27,487 shares of the company’s stock, valued at approximately $33,000.

Several other hedge funds also recently made changes to their positions in the company. Point72 Asia Singapore Pte. Ltd. acquired a new stake in Dada Nexus in the third quarter valued at about $26,000. Wolverine Trading LLC acquired a new stake in shares of Dada Nexus in the 3rd quarter valued at approximately $42,000. New York State Common Retirement Fund acquired a new stake in shares of Dada Nexus in the 4th quarter valued at approximately $34,000. Quadrature Capital Ltd acquired a new stake in Dada Nexus in the third quarter valued at $67,000. Finally, Jane Street Group LLC lifted its holdings in Dada Nexus by 45.5% in the third quarter. Jane Street Group LLC now owns 235,666 shares of the company’s stock valued at $448,000 after acquiring an additional 73,720 shares during the period. Institutional investors and hedge funds own 59.25% of the company’s stock.

Dada Nexus Stock Down 0.5 %

NASDAQ:DADA opened at $1.88 on Friday. The company has a market capitalization of $487.23 million, a PE ratio of -1.69 and a beta of 1.41. Dada Nexus Limited has a 52-week low of $1.04 and a 52-week high of $2.83. The stock has a fifty day simple moving average of $1.57 and a 200-day simple moving average of $1.51.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on DADA shares. Mizuho reduced their target price on Dada Nexus from $4.50 to $4.00 and set an “outperform” rating for the company in a report on Tuesday, November 12th. Citigroup reduced 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 note on Friday, November 15th. Five research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $2.50.

Dada Nexus 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.