5 Best Stocks Under $20 According to British Billionaire Chris Rokos

4. Dada Nexus Limited (NASDAQ:DADA)

Rokos’ Stake Value: 10,785,000

Percentage of Rokos’ 13F Portfolio: 0.21%

Number of Hedge Fund Holders: 18

Stock Price as of September 29: $19.54

Dada Nexus Limited (NASDAQ:DADA) is the fourth stock on our list of the 5 best stocks under $20 according to British billionaire Chris Rokos. The Chinese holding company provides on-demand retail and delivery platforms domestically. Headquartered in Shanghai, the two main platforms at Dada Nexus Limited (NASDAQ:DADA) are JDDJ and Dada Now, which have digitally transformed the transactions between customers, retailers, and brand owners. The company has a market cap of $4.727 billion. 

Rokos Capital Management owns 362,774 shares in Dada Nexus Limited (NASDAQ:DADA), amounting to $10.78 million, and making up 0.21% of Rokos’ 13F portfolio. 

At the end of the second quarter of 2021, 18 hedge funds in Insider Monkey’s database held stakes amounting to $160.5 million in Dada Nexus Limited (NASDAQ:DADA), up from 21 in the previous quarter with stakes worth over $157.5 million. 

On September 23, Morgan Stanley maintained an Overweight rating on Dada Nexus Limited (NASDAQ:DADA), raising the price target to $40.12 from $19.54.

Out of the hedge funds tracked by Insider Monkey, the New York-based ROAM Global Management is the leading shareholder in Dada Nexus Limited (NASDAQ:DADA)  with 209,055 shares amounting to $6.06 billion.