Champlain Investment Partners LLC lessened its position in Dada Nexus Limited (NASDAQ:DADA – Get Rating) by 5.3% during the fourth quarter, Holdings Channel reports. The institutional investor owned 44,600 shares of the company’s stock after selling 2,520 shares during the quarter. Champlain Investment Partners LLC’s holdings in Dada Nexus were worth $587,000 as of its most recent SEC filing.
Other institutional investors have also recently made changes to their positions in the company. US Bancorp DE acquired a new stake in Dada Nexus in the 3rd quarter valued at approximately $36,000. Eaton Vance Management acquired a new position in shares of Dada Nexus during the 3rd quarter worth approximately $37,000. BP PLC acquired a new position in shares of Dada Nexus during the 4th quarter worth approximately $155,000. E Fund Management Hong Kong Co. Ltd. acquired a new position in shares of Dada Nexus during the 4th quarter worth approximately $191,000. Finally, Panagora Asset Management Inc. acquired a new position in shares of Dada Nexus during the 3rd quarter worth approximately $245,000. 24.15% of the stock is currently owned by institutional investors and hedge funds.
DADA has been the topic of several recent analyst reports. Zacks Investment Research raised Dada Nexus from a “sell” rating to a “hold” rating in a research report on Monday, January 31st. Bank of America reduced their target price on Dada Nexus from $35.40 to $28.70 and set a “buy” rating for the company in a research note on Wednesday, March 9th. Mizuho reduced their target price on Dada Nexus from $20.00 to $18.00 in a research note on Monday, May 2nd. JPMorgan Chase & Co. downgraded Dada Nexus from an “overweight” rating to a “neutral” rating and set a $7.50 target price for the company. in a research note on Monday, March 14th. Finally, Credit Suisse Group upgraded Dada Nexus from a “neutral” rating to an “outperform” rating and reduced their target price for the stock from $25.00 to $17.50 in a research note on Wednesday, March 9th. Two equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus target price of $27.16.
Dada Nexus (NASDAQ:DADA – Get Rating) last released its quarterly earnings results on Tuesday, March 8th. The company reported ($0.38) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.37) by ($0.01). The firm had revenue of $317.83 million during the quarter, compared to the consensus estimate of $309.39 million. Dada Nexus had a negative net margin of 35.96% and a negative return on equity of 48.15%. During the same quarter last year, the firm earned ($0.36) earnings per share. As a group, sell-side analysts expect that Dada Nexus Limited will post -0.77 EPS for the current fiscal year.
Dada Nexus Profile (Get Rating)
Dada Nexus Limited operates platform of local on-demand retail and delivery in China. It operates JDDJ, a local on-demand retail platform for consumers, retailers, and brand owners; and Dada Now, a local on-demand delivery platform for merchants and individual senders in various industries and product categories.
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