Nykredit A S Invests $30.17 Million in DoorDash, Inc. $DASH

Nykredit A S acquired a new position in shares of DoorDash, Inc. (NASDAQ:DASH) during the second quarter, Holdings Channel.com reports. The institutional investor acquired 163,475 shares of the company’s stock, valued at approximately $30,166,000.

Several other institutional investors and hedge funds have also recently modified their holdings of DASH. MV Capital Management Inc. purchased a new stake in shares of DoorDash in the fourth quarter valued at about $26,000. Swiss RE Ltd. purchased a new position in DoorDash during the fourth quarter worth about $28,000. Kemnay Advisory Services Inc. purchased a new position in DoorDash during the fourth quarter worth about $32,000. Sunbelt Securities Inc. boosted its holdings in DoorDash by 124.1% in the 3rd quarter. Sunbelt Securities Inc. now owns 121 shares of the company’s stock valued at $33,000 after purchasing an additional 67 shares during the last quarter. Finally, Morse Asset Management Inc acquired a new position in DoorDash in the 3rd quarter valued at about $36,000. Institutional investors and hedge funds own 90.64% of the company’s stock.

DoorDash Stock Performance

Shares of DASH stock opened at $222.00 on Friday. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.37 and a current ratio of 1.37. The firm has a market cap of $96.19 billion, a P/E ratio of 116.23 and a beta of 1.79. The firm’s 50 day moving average price is $203.24 and its 200-day moving average price is $178.31. DoorDash, Inc. has a one year low of $143.30 and a one year high of $285.50.

DoorDash (NASDAQ:DASH) last posted its earnings results on Wednesday, August 5th. The company reported $0.46 earnings per share for the quarter, missing the consensus estimate of $0.47 by ($0.01). The company had revenue of $4.45 billion during the quarter, compared to analyst estimates of $4.34 billion. DoorDash had a net margin of 5.29% and a return on equity of 8.48%. The firm’s revenue for the quarter was up 35.6% on a year-over-year basis. During the same quarter last year, the business posted $0.65 EPS. As a group, equities research analysts predict that DoorDash, Inc. will post 2.49 EPS for the current year.

Insider Transactions at DoorDash

In related news, Director Stanley Tang sold 72,367 shares of DoorDash stock in a transaction on Friday, August 21st. The stock was sold at an average price of $225.16, for a total value of $16,294,153.72. Following the completion of the transaction, the director directly owned 10,361 shares in the company, valued at approximately $2,332,882.76. This trade represents a 87.48% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CFO Ravi Inukonda sold 19,505 shares of DoorDash stock in a transaction dated Thursday, August 20th. The stock was sold at an average price of $220.62, for a total value of $4,303,193.10. Following the sale, the chief financial officer directly owned 232,938 shares of the company’s stock, valued at $51,390,781.56. This trade represents a 7.73% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last ninety days, insiders have sold 353,718 shares of company stock valued at $76,641,397. Corporate insiders own 44.90% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on DASH shares. TD Cowen raised their price target on shares of DoorDash from $225.00 to $240.00 and gave the stock a “buy” rating in a report on Thursday, August 6th. BTIG Research reiterated a “buy” rating and issued a $225.00 price objective on shares of DoorDash in a report on Thursday, August 6th. Zacks Research upgraded DoorDash from a “strong sell” rating to a “hold” rating in a research report on Monday, August 17th. Bank of America reissued a “buy” rating on shares of DoorDash in a research note on Thursday, August 6th. Finally, Argus set a $190.00 target price on DoorDash in a research report on Thursday, June 11th. One research analyst has rated the stock with a Strong Buy rating, twenty-four have issued a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, DoorDash has an average rating of “Moderate Buy” and a consensus price target of $254.97.

More DoorDash News

Here are the key news stories impacting DoorDash this week:

• Positive Sentiment: Rosenblatt initiated coverage with a Strong Buy rating, adding a favorable analyst view to DoorDash’s outlook and potentially supporting the stock’s valuation. Rosenblatt initiates coverage of DoorDash
• Positive Sentiment: DoorDash expanded its merchant and advertising ecosystem. Gap and Kohl’s are among retailers adding DoorDash delivery, while a partnership with Circana will provide independent validation of advertising-driven sales. Better measurement could make DoorDash’s retail-media business more attractive to consumer packaged goods advertisers. Retailers adding DoorDash delivery Circana and DoorDash advertising partnership
• Positive Sentiment: A new Live Nation partnership is designed to create food and fan-experience opportunities around live events, potentially adding engagement and order volume beyond DoorDash’s traditional restaurant business. DoorDash and Live Nation partnership
• Neutral Sentiment: Sands Capital Select Growth Fund sold its DoorDash position during the second quarter. The transaction may raise questions about institutional conviction, although it does not necessarily reflect DoorDash’s current operating outlook. Sands Capital sold DoorDash shares
• Negative Sentiment: Walmart is entering restaurant delivery through a new Dunkin’ partnership. The move could intensify competition with DoorDash and Uber Eats, particularly if Walmart uses its scale, customer base or delivery network to gain share. Walmart expands restaurant delivery
• Negative Sentiment: Multiple reports of problematic driver behavior and disputes over driver pay create potential reputational, customer-retention and regulatory risks, although the incidents appear isolated and DoorDash has removed or banned drivers involved in some cases. DoorDash delivery complaint DoorDash driver pay dispute

About DoorDash

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.