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

Vinva Investment Management Ltd lifted its holdings in DoorDash, Inc. (NASDAQ:DASH) by 167.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 36,491 shares of the company’s stock after acquiring an additional 22,863 shares during the quarter. Vinva Investment Management Ltd’s holdings in DoorDash were worth $6,189,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the business. State Street Corp boosted its holdings in DoorDash by 3.8% in the third quarter. State Street Corp now owns 7,395,891 shares of the company’s stock valued at $1,055,616,000 after purchasing an additional 272,659 shares during the last quarter. Janus Henderson Group PLC lifted its holdings in shares of DoorDash by 14.5% in the 3rd quarter. Janus Henderson Group PLC now owns 5,533,288 shares of the company’s stock valued at $789,766,000 after buying an additional 700,465 shares during the period. Geode Capital Management LLC boosted its stake in shares of DoorDash by 6.4% in the third quarter. Geode Capital Management LLC now owns 4,472,154 shares of the company’s stock worth $636,652,000 after buying an additional 267,855 shares during the last quarter. Franklin Resources Inc. grew its holdings in DoorDash by 15.2% during the third quarter. Franklin Resources Inc. now owns 3,800,396 shares of the company’s stock worth $570,135,000 after acquiring an additional 501,905 shares during the period. Finally, Two Sigma Advisers LP raised its position in DoorDash by 7.9% during the third quarter. Two Sigma Advisers LP now owns 3,466,100 shares of the company’s stock valued at $494,716,000 after acquiring an additional 252,600 shares in the last quarter. Hedge funds and other institutional investors own 90.64% of the company’s stock.

Insider Activity at DoorDash

In other DoorDash news, CEO Tony Xu sold 108,332 shares of DoorDash stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $170.35, for a total value of $18,454,356.20. Following the sale, the chief executive officer now owns 1,500 shares in the company, valued at $255,525. The trade was a 98.63 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Andy Fang sold 1,398 shares of the company’s stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $203.45, for a total value of $284,423.10. Following the completion of the transaction, the director now directly owns 14,778 shares in the company, valued at approximately $3,006,584.10. This trade represents a 8.64 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 363,730 shares of company stock valued at $63,922,178. 7.92% of the stock is owned by company insiders.

DoorDash Stock Down 2.4 %

Shares of NASDAQ:DASH opened at $185.21 on Wednesday. DoorDash, Inc. has a 52-week low of $99.32 and a 52-week high of $215.25. The business has a fifty day moving average of $188.59 and a two-hundred day moving average of $168.64. The stock has a market cap of $77.81 billion, a P/E ratio of 685.96 and a beta of 1.70.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the company. BMO Capital Markets restated an “outperform” rating and issued a $240.00 price objective (up previously from $180.00) on shares of DoorDash in a research report on Wednesday, February 12th. Mizuho increased their price target on shares of DoorDash from $200.00 to $222.00 and gave the stock an “outperform” rating in a report on Wednesday, February 12th. KeyCorp lifted their price objective on shares of DoorDash from $180.00 to $225.00 and gave the company an “overweight” rating in a report on Thursday, January 9th. Needham & Company LLC reiterated a “buy” rating on shares of DoorDash in a research report on Monday, March 3rd. Finally, Wolfe Research raised their target price on DoorDash from $210.00 to $220.00 and gave the company an “outperform” rating in a research report on Friday, January 3rd. Ten equities research analysts have rated the stock with a hold rating and twenty-four have issued a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $206.52.

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.