Northwestern Mutual Wealth Management Co. Has $1.90 Million Stake in DoorDash, Inc. $DASH

Key Points

• Northwestern Mutual Wealth Management cut its DoorDash stake by 73.5% in the fourth quarter, leaving it with 8,365 shares worth about $1.9 million.
• Insider selling continued, with Director Stanley Tang and COO Prabir Adarkar both selling shares; insiders sold a total of 45,426 shares over the last quarter.
• DoorDash shares were up 2.3% and the company recently reported Q1 EPS of $0.42, beating estimates, though revenue of $4.04 billion came in slightly below expectations.

Northwestern Mutual Wealth Management Co. decreased its position in DoorDash, Inc. (NASDAQ:DASH - Free Report) by 73.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 8,365 shares of the company's stock after selling 23,236 shares during the quarter. Northwestern Mutual Wealth Management Co.'s holdings in DoorDash were worth $1,895,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. American Century Companies Inc. grew its position in shares of DoorDash by 5.0% in the third quarter. American Century Companies Inc. now owns 485,088 shares of the company's stock valued at $131,941,000 after purchasing an additional 22,944 shares during the last quarter. Caprock Group LLC acquired a new stake in DoorDash during the third quarter worth approximately $3,169,000. Vaughan Nelson Investment Management L.P. acquired a new stake in DoorDash during the fourth quarter worth approximately $41,712,000. Mitsubishi UFJ Asset Management Co. Ltd. grew its position in DoorDash by 7.1% during the third quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 806,191 shares of the company's stock worth $219,276,000 after buying an additional 53,722 shares in the last quarter. Finally, Jefferies Financial Group Inc. grew its position in DoorDash by 136.6% during the third quarter. Jefferies Financial Group Inc. now owns 42,355 shares of the company's stock worth $11,520,000 after buying an additional 24,454 shares in the last quarter. Institutional investors and hedge funds own 90.64% of the company's stock.

Insider Transactions at DoorDash

In other news, Director Stanley Tang sold 21,433 shares of the stock in a transaction on Thursday, April 2nd. The stock was sold at an average price of $150.00, for a total value of $3,214,950.00. Following the completion of the transaction, the director directly owned 19,279 shares in the company, valued at approximately $2,891,850. This represents a 52.65% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, COO Prabir Adarkar sold 10,000 shares of the stock in a transaction on Monday, March 23rd. The shares were sold at an average price of $158.97, for a total value of $1,589,700.00. Following the completion of the transaction, the chief operating officer owned 843,678 shares of the company's stock, valued at $134,119,491.66. The trade was a 1.17% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 45,426 shares of company stock valued at $7,349,859 over the last quarter. 5.83% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on DASH. KeyCorp increased their price target on DoorDash from $275.00 to $280.00 and gave the stock an "overweight" rating in a research report on Thursday, February 19th. Benchmark increased their price target on DoorDash from $280.00 to $285.00 and gave the stock a "buy" rating in a research report on Thursday, February 19th. Weiss Ratings raised DoorDash from a "hold (c-)" rating to a "hold (c)" rating in a research report on Wednesday, May 13th. Morgan Stanley reissued an "overweight" rating and set a $275.00 price target on shares of DoorDash in a research report on Thursday, February 19th. Finally, Barclays reduced their price target on DoorDash from $238.00 to $220.00 and set an "equal weight" rating on the stock in a research report on Thursday, February 19th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-five have given a Buy rating and nine have issued a Hold rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $259.58.

DoorDash Stock Up 2.3%

Shares of DASH opened at $157.58 on Thursday. DoorDash, Inc. has a 52 week low of $143.30 and a 52 week high of $285.50. The stock has a market capitalization of $68.66 billion, a price-to-earnings ratio of 75.04 and a beta of 1.87. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.43 and a current ratio of 1.43. The stock has a fifty day moving average of $162.58 and a 200-day moving average of $187.84.

DoorDash (NASDAQ:DASH - Get Free Report) last announced its quarterly earnings results on Wednesday, May 6th. The company reported $0.42 EPS for the quarter, beating analysts' consensus estimates of $0.36 by $0.06. DoorDash had a return on equity of 9.58% and a net margin of 6.29%.The company had revenue of $4.04 billion during the quarter, compared to analysts' expectations of $4.15 billion. During the same period in the prior year, the company earned $0.44 EPS. DoorDash's revenue was up 33.1% compared to the same quarter last year. As a group, sell-side analysts anticipate that DoorDash, Inc. will post 2.45 earnings per share for the current fiscal year.

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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