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

Key Points

• Nykredit A/S acquired a new $30.17 million stake in DoorDash during the second quarter, purchasing 163,475 shares. Institutional investors collectively own 90.64% of the company.
• DoorDash reported quarterly revenue of $4.45 billion, up 35.6% year over year, though adjusted earnings of $0.46 per share slightly missed estimates. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $254.97.
• Insiders sold $76.6 million of DoorDash stock over the past three months, while the company faces growing competition from Walmart’s restaurant-delivery expansion and potential reputational risks tied to driver conduct and pay disputes.

Nykredit A S acquired a new stake in shares of DoorDash, Inc. (NASDAQ:DASH - Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 163,475 shares of the company's stock, valued at approximately $30,166,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of DASH. MV Capital Management Inc. purchased a new stake in DoorDash during the 4th quarter worth approximately $26,000. Sunbelt Securities Inc. raised its holdings in shares of DoorDash by 124.1% in the third quarter. Sunbelt Securities Inc. now owns 121 shares of the company's stock worth $33,000 after buying an additional 67 shares during the last quarter. Swiss RE Ltd. purchased a new position in shares of DoorDash in the fourth quarter worth $28,000. Morse Asset Management Inc acquired a new stake in shares of DoorDash during the third quarter worth $36,000. Finally, Kemnay Advisory Services Inc. acquired a new stake in shares of DoorDash during the fourth quarter worth $32,000. 90.64% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at DoorDash

In other news, CEO Tony Xu sold 3,767 shares of the company's stock in a transaction dated Tuesday, August 25th. The stock was sold at an average price of $230.00, for a total value of $866,410.00. Following the sale, the chief executive officer owned 1,500 shares in the company, valued at $345,000. This represents a 71.52% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, COO Prabir Adarkar sold 55,289 shares of the company's stock in a transaction dated Tuesday, August 25th. The stock was sold at an average price of $231.76, for a total value of $12,813,778.64. Following the completion of the sale, the chief operating officer owned 930,211 shares in the company, valued at $215,585,701.36. The trade was a 5.61% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 353,718 shares of company stock worth $76,641,397 in the last three months. Company insiders own 44.90% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the company. Susquehanna upped their target price on DoorDash from $225.00 to $250.00 and gave the company a "positive" rating in a research report on Friday, August 7th. Truist Financial lifted their price target on DoorDash from $330.00 to $336.00 and gave the stock a "buy" rating in a research report on Thursday, August 6th. BTIG Research reiterated a "buy" rating and set a $225.00 price target on shares of DoorDash in a research note on Thursday, August 6th. Jefferies Financial Group boosted their price target on DoorDash from $220.00 to $225.00 and gave the company a "buy" rating in a research note on Tuesday, July 14th. Finally, UBS Group increased their price objective on DoorDash from $223.00 to $225.00 and gave the company a "neutral" rating in a report on Thursday, August 6th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-four have assigned a Buy rating, nine have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $254.97.

DoorDash Stock Down 1.9%

NASDAQ:DASH opened at $222.00 on Friday. The firm has a market capitalization of $96.19 billion, a P/E ratio of 116.23 and a beta of 1.79. DoorDash, Inc. has a 1-year low of $143.30 and a 1-year high of $285.50. The company's fifty day moving average price is $203.24 and its 200-day moving average price is $178.31. 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 earnings results on Wednesday, August 5th. The company reported $0.46 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.47 by ($0.01). DoorDash had a net margin of 5.29% and a return on equity of 8.48%. The business had revenue of $4.45 billion for the quarter, compared to analyst estimates of $4.34 billion. During the same quarter in the prior year, the firm earned $0.65 earnings per share. The company's revenue for the quarter was up 35.6% on a year-over-year basis. As a group, equities research analysts anticipate that DoorDash, Inc. will post 2.49 EPS for the current year.

Key Stories Impacting DoorDash

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.

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