Kaizen Capital Partners Ltd. recently announced the acquisition of new stake in Dada Nexus Ltd ADR (NASDAQ:DADA). The institutional investor has increased its shareholding in the Consumer Cyclical company by 6.86% to 12.28 million shares with purchase of 0.79 million shares. This fresh investment now brings its stake to 4.79% valued currently at $37.83 million. In addition, Baillie Gifford & Co. raised its holdings by 75734.0 to 7.49 million shares. And Tekne Capital Management LLC has lifted its position by 42.24% or 1.93 million shares – to 6.49 million shares.
With over 27.27 million Dada Nexus Ltd ADR (DADA) shares trading Monday and a closing price of $1.71 on the day, the dollar volume was approximately $46.64 million. The shares have shown a negative half year performance of -70.04% and its price on 01/08/24 lost nearly -45.87%. Currently, there are 255.48M common shares owned by the public and among those 254.79M shares have been available to trade.
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The top 3 mutual fund holders in Dada Nexus Ltd ADR are JPMorgan Funds – Emerging Markets, Baillie Gifford Overseas Growth F, and Pacific Horizon Investment Trust. JPMorgan Funds – Emerging Markets owns 2.65 million shares of the company’s stock, all valued at over $8.15 million. Baillie Gifford Overseas Growth F bought 47000.0 shares to see its total holdings expand to 2.5 million shares valued at over $7.69 million and representing 0.98% of the shares outstanding. Pacific Horizon Investment Trust now owns shares totaling to 0.55% of the shares outstanding.
Shares of Dada Nexus Ltd ADR (NASDAQ: DADA) opened at $2.14, down -$1.01 from a prior closing price of $3.15. However, the script later moved the day high at 2.2498, down -45.87%. The company’s stock has a 5-day price change of -48.64% and -62.03% over the past three months. DADA shares are trading -48.64% year to date (YTD), with the 12-month market performance down to -87.07% lower. It has a 12-month low price of $2.88 and touched a high of $15.59 over the same period. DADA has an average intraday trading volume of 1.23 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -46.60%, -51.49%, and -66.58% respectively.
Institutional ownership of Dada Nexus Ltd ADR (NASDAQ: DADA) shares accounts for 23.56% of the company’s 255.48M shares outstanding. Mutual fund holders own 15.36%, while other institutional holders and individual stakeholders account for 8.82% and — respectively.
It has a market capitalization of $446.73M and a beta (3y monthly) value of 1.49. The earnings-per-share (ttm) stands at -$0.58. Price movements for the stock have been influenced by the stock’s volatility, which stands at 12.08% over the week and 7.53% over the month.
Analysts forecast that Dada Nexus Ltd ADR (DADA) will achieve an EPS of $0.09 for the current quarter, $0.04 for the next quarter and $0.32 for 2024. The lowest estimate earnings-per-share for the quarter is $0.08 while analysts give the company a high EPS estimate of $0.11. Comparatively, EPS for the current quarter was -$0.1 a year ago. Earnings per share for the fiscal year are expected to increase by 97.94%, and 1710.01% over the next financial year.
If you are looking to buy this stock, then you may note that the average analyst recommendation by 18 brokerage firm advisors rate Dada Nexus Ltd ADR (DADA) as a “Strong Buy” at a consensus score of 1.56. Specifically, 13 Wall Street analysts polled rate the stock as a buy, while 2 of the 18 advise that investors “hold,” and 1 rated it as a “Sell.”
