Nvwm LLC Buys 21,495 Shares of DoorDash, Inc. $DASH

Nvwm LLC raised its stake in shares of DoorDash, Inc. (NASDAQ:DASH) by 358,250.0% in the third quarter, Holdings Channel reports. The fund owned 21,501 shares of the company’s stock after acquiring an additional 21,495 shares during the period. Nvwm LLC’s holdings in DoorDash were worth $3,947,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in DASH. Janus Henderson Group PLC grew its holdings in shares of DoorDash by 40.2% in the 1st quarter. Janus Henderson Group PLC now owns 7,762,553 shares of the company’s stock worth $1,159,377,000 after purchasing an additional 2,225,954 shares during the last quarter. Temasek Holdings Private Ltd lifted its holdings in DoorDash by 49.4% during the 1st quarter. Temasek Holdings Private Ltd now owns 3,461,501 shares of the company’s stock valued at $519,744,000 after purchasing an additional 1,145,078 shares during the last quarter. Assenagon Asset Management S.A. lifted its holdings in DoorDash by 137.6% during the 1st quarter. Assenagon Asset Management S.A. now owns 1,528,218 shares of the company’s stock valued at $229,462,000 after purchasing an additional 885,122 shares during the last quarter. Nykredit A S acquired a new position in DoorDash in the second quarter valued at about $121,724,000. Finally, Amundi boosted its position in DoorDash by 31.1% in the first quarter. Amundi now owns 2,315,722 shares of the company’s stock valued at $347,706,000 after buying an additional 549,387 shares in the last quarter. Institutional investors and hedge funds own 90.64% of the company’s stock.

Key Headlines Impacting DoorDash

Here are the key news stories impacting DoorDash this week:

• Positive Sentiment: DoorDash’s partnership with Woolworths Group will bring BIG W’s more than 35,000 everyday products to the Australian marketplace, with delivery potentially available within 60 minutes. The deal broadens DoorDash beyond restaurant delivery and could increase order frequency and retail revenue. BIG W Lands on DoorDash App
• Positive Sentiment: A new DoorDash collaboration with Kim Kardashian’s SKIMS gives customers access to on-demand apparel delivery. The high-profile marketing campaign may improve awareness of DoorDash’s non-food commerce strategy and support diversification. SKIMS and DoorDash Partnership
• Positive Sentiment: DoorDash is expanding into additional Australian regional markets, including Geraldton, Kalgoorlie and Horsham. The rollout supports longer-term marketplace growth and increased geographic coverage. DoorDash Regional Australian Expansion
• Positive Sentiment: Unusually heavy options activity included purchases of 35,208 call contracts, about 256% above typical daily call volume. While options activity is not proof of future performance, it indicates increased speculative bullish interest in DASH.
• Neutral Sentiment: CFO Ravi Inukonda sold 1,017 shares for approximately $198,315 under a pre-arranged Rule 10b5-1 trading plan. The sale reduced his ownership by only 0.46%, and he still owns about 217,911 shares, limiting its significance as a standalone signal.
• Negative Sentiment: A woman has sued DoorDash, alleging that a delivery driver assaulted her after a vodka delivery. The case could create legal costs and reputational concerns, although its ultimate financial impact is not yet clear. Lawsuit Against DoorDash

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on DASH. Truist Financial upped their price objective on shares of DoorDash from $330.00 to $336.00 and gave the stock a “buy” rating in a research note on Thursday, August 6th. JPMorgan Chase & Co. raised their price objective on shares of DoorDash from $250.00 to $262.00 in a report on Wednesday, August 5th. Sanford C. Bernstein reiterated an “outperform” rating on shares of DoorDash in a research note on Thursday, September 3rd. Scotiabank initiated coverage on DoorDash in a report on Wednesday, September 9th. They issued a “sector outperform” rating and a $275.00 target price on the stock. Finally, Citigroup reissued a “market outperform” rating on shares of DoorDash in a report on Wednesday, September 30th. Two investment analysts have rated the stock with a Strong Buy rating, thirty-one have given a Buy rating, eight have given a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $254.95.

Insider Buying and Selling at DoorDash

In related news, COO Prabir Adarkar sold 8,738 shares of the firm’s stock in a transaction that occurred on Monday, September 28th. The shares were sold at an average price of $180.85, for a total value of $1,580,267.30. Following the completion of the sale, the chief operating officer owned 921,473 shares of the company’s stock, valued at $166,648,392.05. This trade represents a 0.94% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Ravi Inukonda sold 1,017 shares of the firm’s stock in a transaction that occurred on Monday, October 12th. The shares were sold at an average price of $195.00, for a total transaction of $198,315.00. Following the completion of the sale, the chief financial officer directly owned 217,911 shares of the company’s stock, valued at approximately $42,492,645. This represents a 0.46% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 393,998 shares of company stock valued at $85,861,330 over the last three months. Insiders own 44.90% of the company’s stock.

DoorDash Stock Performance

DoorDash stock opened at $184.01 on Thursday. The stock has a 50-day simple moving average of $205.78 and a 200 day simple moving average of $183.57. The company has a quick ratio of 1.37, a current ratio of 1.37 and a debt-to-equity ratio of 0.27. DoorDash, Inc. has a 12-month low of $143.30 and a 12-month high of $285.50. The stock has a market capitalization of $79.73 billion, a price-to-earnings ratio of 96.34 and a beta of 1.90.

DoorDash (NASDAQ:DASH) last issued its quarterly earnings results on Wednesday, August 5th. The company reported $0.46 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.47 by ($0.01). DoorDash had a return on equity of 8.48% and a net margin of 5.29%. The company had revenue of $4.45 billion for the quarter, compared to analyst estimates of $4.34 billion. During the same quarter last year, the company earned $0.65 EPS. The firm’s quarterly revenue was up 35.6% on a year-over-year basis. On average, research analysts anticipate that DoorDash, Inc. will post 2.51 earnings per share for the current fiscal year.

DoorDash Profile

DoorDash, Inc is a technology company that operates a local commerce platform connecting consumers with restaurants, grocery stores, convenience retailers and other merchants. Through its DoorDash app and website, customers can discover businesses, place orders for delivery or pickup, and access related services. The company also provides merchants with tools for online ordering, logistics, customer engagement, advertising and business analytics.

DoorDash generates additional activity through subscription programs such as DashPass, which provides participating customers with delivery-related benefits, and through its logistics and commerce solutions for merchants.