Healthcare of Ontario Pension Plan Trust Fund Sells 36,700 Shares of Dada Nexus Limited (NASDAQ:DADA)

Healthcare of Ontario Pension Plan Trust Fund cut its holdings in Dada Nexus Limited (NASDAQ:DADA) by 5.3% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 650,400 shares of the company’s stock after selling 36,700 shares during the quarter. Healthcare of Ontario Pension Plan Trust Fund owned 0.25% of Dada Nexus worth $1,333,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. lifted its holdings in shares of Dada Nexus by 25.0% during the first quarter. Vanguard Group Inc. now owns 3,427,799 shares of the company’s stock valued at $7,027,000 after purchasing an additional 686,316 shares in the last quarter. TT International Asset Management LTD boosted its holdings in shares of Dada Nexus by 33.9% during the 4th quarter. TT International Asset Management LTD now owns 3,367,558 shares of the company’s stock valued at $11,180,000 after acquiring an additional 852,790 shares during the last quarter. ABS Direct Equity Fund LLC bought a new stake in shares of Dada Nexus in the fourth quarter worth approximately $667,000. Fore Capital LLC purchased a new position in shares of Dada Nexus during the first quarter valued at approximately $92,000. Finally, Headlands Technologies LLC lifted its position in Dada Nexus by 615.5% during the first quarter. Headlands Technologies LLC now owns 40,643 shares of the company’s stock valued at $83,000 after purchasing an additional 34,963 shares during the period. 59.25% of the stock is currently owned by hedge funds and other institutional investors.

Dada Nexus Trading Down 0.7 %

Shares of DADA traded down $0.01 during trading hours on Thursday, reaching $1.34. 792,013 shares of the stock traded hands, compared to its average volume of 2,463,033. The company has a market cap of $354.48 million, a P/E ratio of -1.06 and a beta of 1.34. The company’s 50-day moving average price is $1.54 and its two-hundred day moving average price is $1.86. Dada Nexus Limited has a 52-week low of $1.26 and a 52-week high of $6.83.

Dada Nexus (NASDAQ:DADA) last released its quarterly earnings data on Wednesday, May 15th. The company reported ($0.11) earnings per share for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.13). Dada Nexus had a negative return on equity of 14.73% and a negative net margin of 22.77%. The business had revenue of $342.43 million during the quarter, compared to the consensus estimate of $427.89 million. On average, research analysts forecast that Dada Nexus Limited will post 0.22 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on DADA shares. Daiwa America lowered shares of Dada Nexus from a “strong-buy” rating to a “moderate buy” rating in a research note on Thursday, May 16th. Daiwa Capital Markets downgraded Dada Nexus from a “buy” rating to a “neutral” rating in a research note on Thursday, May 16th. The Goldman Sachs Group started coverage on shares of Dada Nexus in a research note on Thursday, April 25th. They issued a “neutral” rating and a $2.10 price objective on the stock. Finally, Mizuho reduced their target price on shares of Dada Nexus from $6.00 to $5.00 and set a “buy” rating for the company in a report on Tuesday, May 21st. One analyst has rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat, Dada Nexus presently has a consensus rating of “Hold” and a consensus price target of $3.66.

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.