Vinva Investment Management Ltd Has $1.94 Million Stake in DoorDash, Inc. (NASDAQ:DASH)

Vinva Investment Management Ltd boosted its holdings in DoorDash, Inc. (NASDAQ:DASH) by 2.9% in the third quarter, Holdings Channel reports. The firm owned 13,628 shares of the company’s stock after purchasing an additional 383 shares during the quarter. 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 have also recently added to or reduced their stakes in the business. Asset Management One Co. Ltd. raised its stake in shares of DoorDash by 10.6% during the 3rd quarter. Asset Management One Co. Ltd. now owns 112,181 shares of the company’s stock worth $16,012,000 after purchasing an additional 10,755 shares in the last quarter. Marshall Wace LLP grew its stake in shares of DoorDash by 930.5% in the second quarter. Marshall Wace LLP now owns 675,988 shares of the company’s stock valued at $73,534,000 after buying an additional 610,388 shares in the last quarter. Forsta AP Fonden increased its holdings in DoorDash by 18.6% during the third quarter. Forsta AP Fonden now owns 64,500 shares of the company’s stock worth $9,206,000 after buying an additional 10,100 shares during the last quarter. Baillie Gifford & Co. raised its position in DoorDash by 13.2% during the third quarter. Baillie Gifford & Co. now owns 14,142,674 shares of the company’s stock worth $2,018,584,000 after acquiring an additional 1,645,186 shares in the last quarter. Finally, CWM LLC lifted its stake in DoorDash by 97.1% in the third quarter. CWM LLC now owns 10,705 shares of the company’s stock valued at $1,528,000 after acquiring an additional 5,273 shares during the last quarter. 90.64% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other DoorDash news, CEO Tony Xu sold 108,334 shares of DoorDash stock in a transaction dated Tuesday, November 26th. The stock was sold at an average price of $180.07, for a total value of $19,507,703.38. Following the transaction, the chief executive officer now owns 1,500 shares in the company, valued at $270,105. The trade was a 98.63 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Ravi Inukonda sold 14,219 shares of the stock in a transaction dated Wednesday, November 20th. The stock was sold at an average price of $169.98, for a total transaction of $2,416,945.62. Following the completion of the transaction, the chief financial officer now directly owns 380,993 shares of the company’s stock, valued at $64,761,190.14. This trade represents a 3.60 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 654,596 shares of company stock worth $104,128,585 over the last three months. Insiders own 7.92% of the company’s stock.

DoorDash Stock Up 1.1 %

DASH opened at $180.48 on Friday. The stock has a market capitalization of $74.97 billion, a price-to-earnings ratio of -401.07, a P/E/G ratio of 13.72 and a beta of 1.67. DoorDash, Inc. has a twelve month low of $92.58 and a twelve month high of $181.30. The company has a 50-day simple moving average of $157.29 and a 200 day simple moving average of $130.64.

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

Analysts Set New Price Targets

Several research firms have recently weighed in on DASH. The Goldman Sachs Group boosted their price objective on shares of DoorDash from $142.00 to $161.00 and gave the stock a “neutral” rating in a research note on Friday, November 1st. KeyCorp upped their price objective on DoorDash from $177.00 to $180.00 and gave the company an “overweight” rating in a research note on Thursday, October 31st. Barclays lifted their target price on DoorDash from $120.00 to $163.00 and gave the stock an “equal weight” rating in a research note on Friday, November 1st. Evercore ISI increased their price target on DoorDash from $155.00 to $200.00 and gave the company an “outperform” rating in a research note on Thursday, October 31st. Finally, Loop Capital lifted their price objective on shares of DoorDash from $170.00 to $200.00 and gave the stock a “buy” rating in a research report on Tuesday, November 12th. Ten equities research analysts have rated the stock with a hold rating and twenty-four have issued a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $166.06.

About DoorDash

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.