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

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

Several other institutional investors and hedge funds have also modified their holdings of the company. Point72 Asia Singapore Pte. Ltd. acquired a new position in Dada Nexus in the third quarter valued at $26,000. Wolverine Trading LLC purchased a new position in shares of Dada Nexus during the 3rd quarter worth about $42,000. New York State Common Retirement Fund purchased a new position in shares of Dada Nexus during the 4th quarter worth about $34,000. Quadrature Capital Ltd purchased a new position in Dada Nexus during the third quarter worth approximately $67,000. Finally, Harbour Capital Advisors LLC purchased a new position in Dada Nexus during the fourth quarter worth approximately $159,000. Hedge funds and other institutional investors own 59.25% of the company’s stock.

Dada Nexus Stock Performance

NASDAQ DADA opened at $1.88 on Friday. The company’s 50 day moving average price is $1.57 and its 200 day moving average price is $1.51. Dada Nexus Limited has a one year low of $1.04 and a one year high of $2.83. The firm has a market capitalization of $487.23 million, a price-to-earnings ratio of -1.69 and a beta of 1.41.

Analysts Set New Price Targets

A number of equities analysts have weighed in on DADA shares. Citigroup cut their price target on shares of Dada Nexus from $2.00 to $1.90 and set a “neutral” rating on the stock in a research note on Friday, November 15th. Mizuho cut their target price on Dada Nexus from $4.50 to $4.00 and set an “outperform” rating on the stock in a research report on Tuesday, November 12th. Five equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $2.50.

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.