DoorDash, Inc. $DASH Stock: Nvwm LLC Increases Stake

Key Points

• Nvwm LLC sharply increased its DoorDash stake by acquiring 21,495 shares in the third quarter, bringing its holdings to 21,501 shares valued at approximately $3.95 million. Institutional investors collectively own 90.64% of the company.
• DoorDash insiders sold 393,998 shares worth about $85.9 million over the past 90 days, including significant sales by CEO Tony Xu and director Stanley Tang under pre-arranged Rule 10b5-1 plans.
• DASH opened at $184.01, down 4.7%, while the company’s latest revenue rose 35.6% year over year to $4.45 billion but quarterly EPS of $0.46 narrowly missed estimates. Analysts remain broadly positive, with a “Moderate Buy” consensus and a $254.95 average price target.

Nvwm LLC increased its position in DoorDash, Inc. (NASDAQ:DASH - Free Report) by 358,250.0% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 21,501 shares of the company's stock after acquiring an additional 21,495 shares during the quarter. Nvwm LLC's holdings in DoorDash were worth $3,947,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of DASH. Washington Trust Advisors Inc. lifted its position in shares of DoorDash by 81.0% during the 2nd quarter. Washington Trust Advisors Inc. now owns 143 shares of the company's stock worth $26,000 after purchasing an additional 64 shares during the last quarter. Premier Path Wealth Partners LLC grew its holdings in DoorDash by 2.7% in the 2nd quarter. Premier Path Wealth Partners LLC now owns 2,520 shares of the company's stock valued at $465,000 after buying an additional 67 shares during the last quarter. V Square Quantitative Management LLC grew its holdings in DoorDash by 3.3% in the 1st quarter. V Square Quantitative Management LLC now owns 2,327 shares of the company's stock valued at $349,000 after buying an additional 74 shares during the last quarter. Rehmann Capital Advisory Group increased its position in DoorDash by 8.0% in the 4th quarter. Rehmann Capital Advisory Group now owns 1,107 shares of the company's stock worth $251,000 after buying an additional 82 shares during the period. Finally, MassMutual Private Wealth & Trust FSB increased its position in DoorDash by 14.1% in the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 850 shares of the company's stock worth $157,000 after buying an additional 105 shares during the period. Institutional investors and hedge funds own 90.64% of the company's stock.

Insider Activity at DoorDash

In other news, CEO Tony Xu sold 29,567 shares of the firm's stock in a transaction dated Monday, August 24th. The shares were sold at an average price of $230.00, for a total transaction of $6,800,410.00. Following the completion of the transaction, the chief executive officer directly owned 1,500 shares of the company's stock, valued at approximately $345,000. This trade represents a 95.17% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Stanley Tang sold 72,367 shares of DoorDash stock in a transaction dated Friday, August 21st. The shares were sold at an average price of $225.16, for a total transaction of $16,294,153.72. Following the sale, the director 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 disclosure for this sale is available in the SEC filing. 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. Insiders sold 393,998 shares of company stock worth $85,861,330 in the last ninety days. Company insiders own 44.90% of the company's stock.

DoorDash Stock Down 4.7%

Shares of DASH stock opened at $184.01 on Thursday. The stock has a market cap of $79.73 billion, a P/E ratio of 96.34 and a beta of 1.90. DoorDash, Inc. has a one year low of $143.30 and a one year high of $285.50. The stock has a fifty day moving average price of $205.78 and a 200 day moving average price of $183.57. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.37 and a quick ratio of 1.37.

DoorDash (NASDAQ:DASH - Get Free Report) last posted its quarterly earnings results on Wednesday, August 5th. The company reported $0.46 earnings per share for the quarter, missing analysts' consensus estimates of $0.47 by ($0.01). The business had revenue of $4.45 billion for the quarter, compared to analyst estimates of $4.34 billion. DoorDash had a return on equity of 8.48% and a net margin of 5.29%. The firm's quarterly revenue was up 35.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.65 EPS. Analysts predict that DoorDash, Inc. will post 2.51 earnings per share for the current year.

DoorDash News Summary

Here are the key news stories impacting DoorDash this week:

• Positive Sentiment: DoorDash’s partnership with Woolworths Group will bring BIG W’s more than 35,000 everyday products to the Australian marketplace, with delivery potentially available within 60 minutes. The deal broadens DoorDash beyond restaurant delivery and could increase order frequency and retail revenue. BIG W Lands on DoorDash App
• Positive Sentiment: A new DoorDash collaboration with Kim Kardashian’s SKIMS gives customers access to on-demand apparel delivery. The high-profile marketing campaign may improve awareness of DoorDash’s non-food commerce strategy and support diversification. SKIMS and DoorDash Partnership
• Positive Sentiment: DoorDash is expanding into additional Australian regional markets, including Geraldton, Kalgoorlie and Horsham. The rollout supports longer-term marketplace growth and increased geographic coverage. DoorDash Regional Australian Expansion
• Positive Sentiment: Unusually heavy options activity included purchases of 35,208 call contracts, about 256% above typical daily call volume. While options activity is not proof of future performance, it indicates increased speculative bullish interest in DASH.
• Neutral Sentiment: CFO Ravi Inukonda sold 1,017 shares for approximately $198,315 under a pre-arranged Rule 10b5-1 trading plan. The sale reduced his ownership by only 0.46%, and he still owns about 217,911 shares, limiting its significance as a standalone signal.
• Negative Sentiment: A woman has sued DoorDash, alleging that a delivery driver assaulted her after a vodka delivery. The case could create legal costs and reputational concerns, although its ultimate financial impact is not yet clear. Lawsuit Against DoorDash

Wall Street Analyst Weigh In

DASH has been the subject of several research reports. Benchmark increased their price objective on DoorDash from $270.00 to $295.00 in a research report on Thursday, August 6th. BTIG Research restated a "buy" rating and issued a $225.00 price objective on shares of DoorDash in a research note on Thursday, August 6th. Zacks Research raised shares of DoorDash from a "strong sell" rating to a "hold" rating in a research report on Monday, August 17th. Sanford C. Bernstein reiterated an "outperform" rating on shares of DoorDash in a research note on Thursday, September 3rd. Finally, Deutsche Bank Aktiengesellschaft upped their target price on shares of DoorDash from $255.00 to $260.00 and gave the company a "buy" rating in a research note on Thursday, August 6th. Two equities research analysts have rated the stock with a Strong Buy rating, thirty-one have given a Buy rating, eight have issued a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $254.95.

About DoorDash

DoorDash, Inc is a technology company that operates a local commerce platform connecting consumers with restaurants, grocery stores, convenience retailers and other merchants. Through its DoorDash app and website, customers can discover businesses, place orders for delivery or pickup, and access related services. The company also provides merchants with tools for online ordering, logistics, customer engagement, advertising and business analytics.

DoorDash generates additional activity through subscription programs such as DashPass, which provides participating customers with delivery-related benefits, and through its logistics and commerce solutions for merchants.

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