Vinva Investment Management Ltd Increases Stock Position in DoorDash, Inc. (NASDAQ:DASH)

Vinva Investment Management Ltd increased its holdings in shares of DoorDash, Inc. (NASDAQ:DASHFree Report) by 18.1% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 7,779 shares of the company’s stock after acquiring an additional 1,191 shares during the period. Vinva Investment Management Ltd’s holdings in DoorDash were worth $780,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Northern Trust Corp increased its stake in shares of DoorDash by 0.6% during the fourth quarter. Northern Trust Corp now owns 1,842,042 shares of the company’s stock worth $182,160,000 after purchasing an additional 11,412 shares in the last quarter. Cibc World Markets Corp acquired a new stake in DoorDash in the 4th quarter worth about $5,969,000. 1832 Asset Management L.P. purchased a new stake in DoorDash during the 4th quarter worth approximately $92,937,000. Tower Research Capital LLC TRC raised its holdings in shares of DoorDash by 620.4% during the fourth quarter. Tower Research Capital LLC TRC now owns 25,011 shares of the company’s stock valued at $2,473,000 after acquiring an additional 21,539 shares during the last quarter. Finally, Capital World Investors lifted its position in shares of DoorDash by 0.6% in the fourth quarter. Capital World Investors now owns 9,395,743 shares of the company’s stock valued at $929,145,000 after acquiring an additional 60,033 shares in the last quarter. 90.64% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other DoorDash news, insider Keith Yandell sold 12,088 shares of the business’s stock in a transaction on Wednesday, June 5th. The shares were sold at an average price of $111.84, for a total value of $1,351,921.92. Following the completion of the transaction, the insider now owns 161,651 shares in the company, valued at $18,079,047.84. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related news, CEO Tony Xu sold 132,300 shares of the company’s stock in a transaction that occurred on Thursday, March 14th. The shares were sold at an average price of $131.96, for a total transaction of $17,458,308.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Keith Yandell sold 12,088 shares of DoorDash stock in a transaction that occurred on Wednesday, June 5th. The stock was sold at an average price of $111.84, for a total transaction of $1,351,921.92. Following the completion of the transaction, the insider now owns 161,651 shares of the company’s stock, valued at approximately $18,079,047.84. The disclosure for this sale can be found here. Over the last quarter, insiders sold 449,323 shares of company stock valued at $59,674,859. 7.92% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several brokerages recently commented on DASH. Loop Capital started coverage on DoorDash in a research report on Friday, April 19th. They set a “buy” rating and a $170.00 price target for the company. Wedbush reiterated a “neutral” rating and issued a $115.00 target price on shares of DoorDash in a research report on Thursday, May 2nd. BMO Capital Markets lowered their price target on shares of DoorDash from $138.00 to $127.00 and set an “outperform” rating on the stock in a research report on Thursday, May 2nd. The Goldman Sachs Group upped their price objective on shares of DoorDash from $109.00 to $122.00 and gave the company a “neutral” rating in a research note on Friday, February 16th. Finally, Needham & Company LLC reissued a “buy” rating and issued a $137.00 target price on shares of DoorDash in a research note on Thursday, May 2nd. Nine investment analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. Based on data from MarketBeat, DoorDash has a consensus rating of “Moderate Buy” and a consensus price target of $132.28.

Get Our Latest Research Report on DASH

DoorDash Trading Down 0.7 %

Shares of DASH traded down $0.80 during midday trading on Friday, hitting $113.27. 2,909,042 shares of the stock were exchanged, compared to its average volume of 3,808,666. DoorDash, Inc. has a 52-week low of $69.00 and a 52-week high of $143.34. The stock has a fifty day simple moving average of $123.14 and a 200 day simple moving average of $115.36.

DoorDash (NASDAQ:DASHGet Free Report) last announced its earnings results on Wednesday, May 1st. The company reported ($0.06) EPS for the quarter, beating analysts’ consensus estimates of ($0.07) by $0.01. The company had revenue of $2.51 billion during the quarter, compared to analysts’ expectations of $2.45 billion. DoorDash had a negative return on equity of 6.28% and a negative net margin of 4.61%. DoorDash’s revenue for the quarter was up 23.5% on a year-over-year basis. During the same period last year, the business posted ($0.41) EPS. On average, equities analysts expect that DoorDash, Inc. will post 0.11 earnings per share for the current year.

DoorDash Company Profile

(Free Report)

DoorDash, Inc, together with its subsidiaries, operates a commerce platform that connects merchants, consumers, and independent contractors in the United States and internationally. The company operates DoorDash Marketplace and Wolt Marketplace, which provide various services, such as customer acquisition, demand generation, order fulfillment, merchandising, payment processing, and customer support.

Recommended Stories

Institutional Ownership by Quarter for DoorDash (NASDAQ:DASH)

Receive News & Ratings for DoorDash Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for DoorDash and related companies with MarketBeat.com's FREE daily email newsletter.