DoorDash, Inc. (NASDAQ:DASH) Shares Purchased by Vinva Investment Management Ltd

Vinva Investment Management Ltd grew its position in shares of DoorDash, Inc. (NASDAQ:DASH) by 167.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 36,491 shares of the company’s stock after purchasing an additional 22,863 shares during the period. Vinva Investment Management Ltd’s holdings in DoorDash were worth $6,189,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of DASH. Raymond James Financial Inc. purchased a new stake in DoorDash during the fourth quarter worth about $146,094,000. Janus Henderson Group PLC grew its holdings in shares of DoorDash by 14.5% in the third quarter. Janus Henderson Group PLC now owns 5,533,288 shares of the company’s stock valued at $789,766,000 after purchasing an additional 700,465 shares in the last quarter. Amundi grew its holdings in shares of DoorDash by 65.0% in the fourth quarter. Amundi now owns 1,407,884 shares of the company’s stock valued at $244,578,000 after purchasing an additional 554,675 shares in the last quarter. Franklin Resources Inc. increased its stake in DoorDash by 15.2% during the 3rd quarter. Franklin Resources Inc. now owns 3,800,396 shares of the company’s stock worth $570,135,000 after buying an additional 501,905 shares during the period. Finally, Nordea Investment Management AB lifted its holdings in DoorDash by 37.5% during the 4th quarter. Nordea Investment Management AB now owns 1,746,379 shares of the company’s stock worth $294,701,000 after buying an additional 476,360 shares in the last quarter. 90.64% of the stock is currently owned by hedge funds and other institutional investors.

DoorDash Price Performance

Shares of NASDAQ:DASH opened at $185.21 on Wednesday. DoorDash, Inc. has a 1-year low of $99.32 and a 1-year high of $215.25. The stock has a market cap of $77.81 billion, a P/E ratio of 685.96 and a beta of 1.70. The firm has a fifty day moving average price of $188.59 and a 200 day moving average price of $168.64.

Analyst Ratings Changes

DASH has been the subject of several research reports. Susquehanna boosted their price target on shares of DoorDash from $180.00 to $235.00 and gave the stock a “positive” rating in a research note on Thursday, February 13th. Needham & Company LLC reissued a “buy” rating on shares of DoorDash in a research note on Monday, March 3rd. Oppenheimer reiterated a “hold” rating on shares of DoorDash in a research note on Monday, March 10th. Loop Capital upped their target price on shares of DoorDash from $200.00 to $235.00 and gave the stock a “buy” rating in a research note on Monday, February 24th. Finally, Wells Fargo & Company lifted their price target on shares of DoorDash from $166.00 to $198.00 and gave the stock an “equal weight” rating in a research note on Wednesday, February 12th. Ten equities research analysts have rated the stock with a hold rating and twenty-four have given a buy rating to the company. According to data from MarketBeat.com, DoorDash has an average rating of “Moderate Buy” and an average target price of $206.52.

Insider Activity

In other DoorDash news, insider Keith Yandell sold 8,116 shares of DoorDash stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $203.45, for a total value of $1,651,200.20. Following the transaction, the insider now directly owns 105,162 shares in the company, valued at approximately $21,395,208.90. This trade represents a 7.16 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, COO Prabir Adarkar sold 20,000 shares of the company’s stock in a transaction that occurred on Friday, December 27th. The stock was sold at an average price of $168.53, for a total value of $3,370,600.00. Following the sale, the chief operating officer now owns 925,222 shares of the company’s stock, valued at $155,927,663.66. This trade represents a 2.12 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 363,730 shares of company stock valued at $63,922,178. Insiders own 7.92% of the company’s stock.

DoorDash Company 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.