Vinva Investment Management Ltd Acquires 383 Shares of DoorDash, Inc. (NASDAQ:DASH)

Vinva Investment Management Ltd raised its stake in DoorDash, Inc. (NASDAQ:DASH) by 2.9% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 13,628 shares of the company’s stock after purchasing an additional 383 shares during the period. Vinva Investment Management Ltd’s holdings in DoorDash were worth $1,938,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of DASH. Lazard Asset Management LLC lifted its stake in shares of DoorDash by 18,975.0% in the first quarter. Lazard Asset Management LLC now owns 2,289 shares of the company’s stock valued at $314,000 after buying an additional 2,277 shares during the period. Comerica Bank boosted its holdings in DoorDash by 8.9% during the first quarter. Comerica Bank now owns 20,159 shares of the company’s stock valued at $2,776,000 after purchasing an additional 1,650 shares in the last quarter. Atria Investments Inc bought a new stake in shares of DoorDash in the 1st quarter valued at approximately $1,337,000. Cetera Advisors LLC raised its holdings in shares of DoorDash by 40.8% in the 1st quarter. Cetera Advisors LLC now owns 3,100 shares of the company’s stock worth $427,000 after buying an additional 898 shares in the last quarter. Finally, DekaBank Deutsche Girozentrale lifted its position in shares of DoorDash by 15.3% during the 1st quarter. DekaBank Deutsche Girozentrale now owns 43,640 shares of the company’s stock worth $5,987,000 after buying an additional 5,779 shares during the period. 90.64% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, insider Keith Yandell sold 7,980 shares of the firm’s stock in a transaction on Wednesday, November 20th. The shares were sold at an average price of $169.98, for a total transaction of $1,356,440.40. Following the sale, the insider now directly owns 124,221 shares in the company, valued at $21,115,085.58. This trade represents a 6.04 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Stanley Tang sold 1,855 shares of the company’s stock in a transaction on Wednesday, November 20th. The stock was sold at an average price of $169.98, for a total transaction of $315,312.90. Following the completion of the transaction, the director now directly owns 35,413 shares of the company’s stock, valued at approximately $6,019,501.74. The trade was a 4.98 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 654,596 shares of company stock worth $104,128,585 in the last 90 days. Corporate insiders own 7.92% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have weighed in on DASH shares. UBS Group upped their price target on DoorDash from $143.00 to $160.00 and gave the company a “neutral” rating in a research report on Friday, October 18th. Royal Bank of Canada upped their price objective on shares of DoorDash from $165.00 to $175.00 and gave the stock an “outperform” rating in a research note on Thursday, October 31st. Benchmark raised their target price on DoorDash from $152.00 to $173.00 and gave the company a “buy” rating in a research note on Thursday, October 17th. Oppenheimer boosted their target price on shares of DoorDash from $145.00 to $160.00 and gave the stock an “outperform” rating in a research note on Friday, September 27th. Finally, Wells Fargo & Company upped their target price on shares of DoorDash from $127.00 to $142.00 and gave the stock an “equal weight” rating in a research report on Friday, October 4th. Ten equities research analysts have rated the stock with a hold rating and twenty-four have given a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $166.06.

DoorDash Stock Up 1.1 %

Shares of DASH stock opened at $180.48 on Friday. DoorDash, Inc. has a 12-month low of $92.58 and a 12-month high of $181.30. The firm has a fifty day moving average of $157.29 and a 200-day moving average of $130.64. The firm has a market capitalization of $74.97 billion, a price-to-earnings ratio of -401.07, a price-to-earnings-growth ratio of 13.72 and a beta of 1.67.

DoorDash (NASDAQ:DASH) last posted its earnings results on Wednesday, October 30th. The company reported $0.38 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.21 by $0.17. DoorDash had a negative return on equity of 2.41% and a negative net margin of 1.69%. The firm had revenue of $2.71 billion during the quarter, compared to analysts’ expectations of $2.66 billion. During the same period in the previous year, the firm earned ($0.19) earnings per share. The company’s revenue was up 25.0% on a year-over-year basis. Research analysts expect that DoorDash, Inc. will post 0.26 earnings per share for the current year.

DoorDash Profile

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.