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 $40.77 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.
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 Baillie Gifford Overseas Growth F, Pacific Horizon Investment Trust, and JPMorgan Emerging Markets Equity. Baillie Gifford Overseas Growth F owns 2.43 million shares of the company’s stock, all valued at over $8.08 million. The company sold 64000.0 shares recently to bring their total holdings to about 0.95% of the shares outstanding. JPMorgan Emerging Markets Equity sold -1.92 million shares to bring its total holdings to over 1.21 million shares at a value of $4.03 million. JPMorgan Emerging Markets Equity now owns shares totaling to 0.47% of the shares outstanding.
However, the script later moved the day high at 2.1200, up 5.29%. The company’s stock has a 5-day price change of 34.46% and -45.63% over the past three months. DADA shares are trading -40.06% year to date (YTD), with the 12-month market performance down to -84.47% lower. It has a 12-month low price of $1.36 and touched a high of $15.59 over the same period. DADA has an average intraday trading volume of 2.72 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 -20.69%, -35.63%, and -58.62% respectively.
Institutional ownership of Dada Nexus Ltd ADR (NASDAQ: DADA) shares accounts for 23.53% of the company’s 255.48M shares outstanding. Mutual fund holders own 16.66%, while other institutional holders and individual stakeholders account for 7.31% and — respectively.
It has a market capitalization of $521.40M and a beta (3y monthly) value of 1.48. 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 15.13% over the week and 10.78% over the month.
Analysts forecast that Dada Nexus Ltd ADR (DADA) will achieve an EPS of $0.09 for the current quarter, $0.03 for the next quarter and $0.29 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 95.48%, and 776.69% over the next financial year.
