Amova Asset Management Americas Inc. Raises Stock Position in DoorDash, Inc. $DASH

Key Points

• Amova Asset Management increased its DoorDash stake by 14.5% to 183,958 shares (worth about $50.0M), and institutional investors now own 90.64% of the stock, signaling strong institutional participation.
• Insider selling has been notable recently — COO Prabir Adarkar and Director Stanley Tang sold large blocks and insiders sold a total of 220,826 shares (~$48.9M) over the past 90 days, while insiders still hold 5.83% of shares.
• DoorDash slightly missed quarterly estimates (EPS $0.48 vs. $0.58 consensus; revenue $3.96B vs. $3.98B) despite 37.7% YoY revenue growth, and the stock trades around $177.75 versus an average analyst target of $262.82 amid mixed analyst actions (e.g., Mizuho cut target to $255).

Amova Asset Management Americas Inc. grew its position in DoorDash, Inc. (NASDAQ:DASH - Free Report) by 14.5% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 183,958 shares of the company's stock after buying an additional 23,248 shares during the period. Amova Asset Management Americas Inc.'s holdings in DoorDash were worth $50,018,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the business. Resonant Capital Advisors LLC raised its holdings in DoorDash by 3.5% in the 3rd quarter. Resonant Capital Advisors LLC now owns 1,229 shares of the company's stock valued at $334,000 after buying an additional 42 shares during the period. Premier Path Wealth Partners LLC increased its holdings in DoorDash by 1.9% in the 3rd quarter. Premier Path Wealth Partners LLC now owns 2,414 shares of the company's stock valued at $657,000 after purchasing an additional 45 shares during the last quarter. Advisory Resource Group boosted its position in shares of DoorDash by 0.8% during the second quarter. Advisory Resource Group now owns 5,774 shares of the company's stock worth $1,423,000 after buying an additional 48 shares during the period. Quotient Wealth Partners LLC boosted its position in shares of DoorDash by 3.2% during the third quarter. Quotient Wealth Partners LLC now owns 1,537 shares of the company's stock worth $418,000 after buying an additional 48 shares during the period. Finally, Hobart Private Capital LLC grew its stake in shares of DoorDash by 2.4% in the third quarter. Hobart Private Capital LLC now owns 2,164 shares of the company's stock valued at $589,000 after buying an additional 50 shares in the last quarter. Institutional investors and hedge funds own 90.64% of the company's stock.

DoorDash News Summary

Here are the key news stories impacting DoorDash this week:

• Positive Sentiment: Joe Fresh has launched on-demand delivery through DoorDash, which broadens DoorDash’s retail/vertical reach and adds another recurring merchant partner that can drive order growth. Joe Fresh Launches On-Demand Delivery Through DoorDash
• Positive Sentiment: Coverage of DoorDash coupon/promotional programs (free delivery, percent-off first-order offers) highlights continued marketing levers the company is using to attract and retain customers — a positive for near-term order volume and GMV. DoorDash Coupons: Get Free Delivery And 15% Off Your First Order
• Neutral Sentiment: Local New Jersey police completed a DoorDash delivery after arresting the driver; coverage is mostly a human-interest/PR item and unlikely to have material operational impact beyond short-term headlines. N.J. police complete DoorDash delivery after arresting driver
• Neutral Sentiment: A 247WallSt summary of Goldman Sachs’ tech/media/telecom picks ran today; the broader industry coverage can help investor sentiment for growth names, but the piece doesn’t materially change DoorDash fundamentals by itself. Goldman Sachs Top Tech, Media and Telecom Picks Have 40% to 100% Upside Potential
• Neutral Sentiment: Reported short-interest figures in the feed are inconsistent/zeroed out (likely a data glitch) and do not signal any clear short-selling pressure at this time.
• Negative Sentiment: Mizuho trimmed its price target on DASH from $320 to $255 while keeping an “outperform” rating; a lower target can weigh on near-term sentiment even though the rating remains constructive. Mizuho cuts DoorDash price target
• Negative Sentiment: Incidents tied to drivers/streaming — a Twitch streamer allegedly ate customers’ food on a live delivery and DoorDash had to respond — create reputational risk and highlight ongoing driver-control/brand-safety challenges. DoorDash responds after Twitch streamer Lacy pretends to get fired after livestreaming deliveries

Insiders Place Their Bets

In related news, COO Prabir Adarkar sold 30,000 shares of the company's stock in a transaction on Monday, December 22nd. The shares were sold at an average price of $234.57, for a total value of $7,037,100.00. Following the completion of the sale, the chief operating officer owned 874,130 shares in the company, valued at $205,044,674.10. This represents a 3.32% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Stanley Tang sold 45,410 shares of the stock in a transaction dated Friday, January 2nd. The stock was sold at an average price of $222.53, for a total transaction of $10,105,087.30. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 220,826 shares of company stock worth $48,944,946. Corporate insiders own 5.83% of the company's stock.

DoorDash Price Performance

Shares of NASDAQ:DASH opened at $177.75 on Thursday. The company's fifty day moving average price is $198.62 and its 200 day moving average price is $226.42. DoorDash, Inc. has a 12 month low of $155.40 and a 12 month 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. The firm has a market capitalization of $77.22 billion, a P/E ratio of 83.84 and a beta of 1.82.

DoorDash (NASDAQ:DASH - Get Free Report) last released its quarterly earnings data on Wednesday, February 18th. The company reported $0.48 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.58 by ($0.10). The company had revenue of $3.96 billion during the quarter, compared to analyst estimates of $3.98 billion. DoorDash had a net margin of 6.82% and a return on equity of 10.15%. The business's revenue was up 37.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.33 EPS. As a group, sell-side analysts predict that DoorDash, Inc. will post 2.22 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on DASH. Wolfe Research set a $270.00 target price on DoorDash in a report on Monday, January 5th. Piper Sandler reaffirmed a "neutral" rating and set a $220.00 price objective (down from $230.00) on shares of DoorDash in a research report on Thursday, February 19th. The Goldman Sachs Group set a $267.00 price objective on DoorDash in a research note on Monday, February 2nd. BMO Capital Markets reissued an "outperform" rating on shares of DoorDash in a research note on Friday, December 12th. Finally, Citigroup cut their price target on DoorDash from $283.00 to $280.00 and set a "buy" rating on the stock in a report on Friday, February 20th. One investment analyst has rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating and nine have given a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $262.82.

DoorDash Profile

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.

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