Vinva Investment Management Ltd Sells 22,840 Shares of DoorDash, Inc. $DASH

Vinva Investment Management Ltd decreased its stake in shares of DoorDash, Inc. (NASDAQ:DASHFree Report) by 60.2% during the third quarter, according to its most recent filing with the SEC. The institutional investor owned 15,099 shares of the company’s stock after selling 22,840 shares during the period. Vinva Investment Management Ltd’s holdings in DoorDash were worth $4,114,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the stock. Physician Wealth Advisors Inc. grew its holdings in DoorDash by 284.0% during the 3rd quarter. Physician Wealth Advisors Inc. now owns 96 shares of the company’s stock valued at $26,000 after buying an additional 71 shares in the last quarter. Sound Income Strategies LLC lifted its holdings in shares of DoorDash by 2,760.0% in the third quarter. Sound Income Strategies LLC now owns 143 shares of the company’s stock worth $39,000 after buying an additional 138 shares in the last quarter. Rossby Financial LCC boosted its position in shares of DoorDash by 127.8% in the third quarter. Rossby Financial LCC now owns 164 shares of the company’s stock valued at $44,000 after acquiring an additional 92 shares during the period. Annis Gardner Whiting Capital Advisors LLC boosted its position in shares of DoorDash by 74.3% in the third quarter. Annis Gardner Whiting Capital Advisors LLC now owns 176 shares of the company’s stock valued at $48,000 after acquiring an additional 75 shares during the period. Finally, Asset Planning Inc purchased a new position in DoorDash during the third quarter valued at approximately $50,000. Institutional investors own 90.64% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on DASH shares. Morgan Stanley reaffirmed an “overweight” rating and set a $275.00 target price on shares of DoorDash in a report on Thursday, February 19th. Guggenheim reduced their price target on shares of DoorDash from $275.00 to $255.00 and set a “buy” rating for the company in a research report on Thursday, February 19th. Bank of America upped their price target on shares of DoorDash from $260.00 to $272.00 and gave the stock a “buy” rating in a report on Thursday, February 19th. Benchmark increased their price objective on DoorDash from $280.00 to $285.00 and gave the stock a “buy” rating in a research report on Thursday, February 19th. Finally, Barclays dropped their price objective on DoorDash from $238.00 to $220.00 and set an “equal weight” rating for the company in a research note on Thursday, February 19th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating and nine have assigned a Hold rating to the stock. Based on data from MarketBeat, DoorDash has a consensus rating of “Moderate Buy” and an average price target of $262.82.

Check Out Our Latest Research Report on DoorDash

DoorDash News Summary

Here are the key news stories impacting DoorDash this week:

DoorDash Price Performance

DASH stock opened at $179.17 on Monday. The firm has a 50 day simple moving average of $196.55 and a two-hundred day simple moving average of $225.32. The stock has a market cap of $77.84 billion, a PE ratio of 84.51 and a beta of 1.82. DoorDash, Inc. has a one year low of $155.40 and a one year high of $285.50. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.41 and a quick ratio of 1.41.

DoorDash (NASDAQ:DASHGet Free Report) last posted its quarterly earnings data on Wednesday, February 18th. The company reported $0.48 earnings per share for the quarter, missing the consensus estimate of $0.58 by ($0.10). DoorDash had a net margin of 6.82% and a return on equity of 10.15%. The company had revenue of $3.96 billion for the quarter, compared to analysts’ expectations of $3.98 billion. During the same quarter last year, the business posted $0.33 EPS. The business’s quarterly revenue was up 37.7% compared to the same quarter last year. On average, analysts predict that DoorDash, Inc. will post 2.22 EPS for the current fiscal year.

Insiders Place Their Bets

In other DoorDash news, Director Andy Fang sold 30,000 shares of the firm’s stock in a transaction dated Friday, January 2nd. The stock was sold at an average price of $222.52, for a total transaction of $6,675,600.00. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Stanley Tang sold 45,410 shares of DoorDash stock in a transaction dated Friday, January 2nd. The stock was sold at an average price of $222.53, for a total value of $10,105,087.30. The disclosure for this sale is available in the SEC filing. Insiders have sold 220,826 shares of company stock valued at $48,944,946 over the last quarter. Insiders own 5.83% of the company’s stock.

DoorDash Profile

(Free Report)

DoorDash, Inc operates a technology-driven logistics and food-delivery marketplace that connects consumers, merchants and independent delivery contractors. The company’s core service enables customers to order from local restaurants and retailers through its app and website while DoorDash handles last-mile fulfillment via its network of drivers, known as “Dashers.” Over time the platform has broadened beyond restaurant deliveries to include groceries, convenience items and retail deliveries, positioning DoorDash as a broader on-demand logistics provider for consumer goods.

In addition to its marketplace, DoorDash offers a suite of products and services for consumers and businesses.

See Also

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Institutional Ownership by Quarter for DoorDash (NASDAQ:DASH)

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