Amova Asset Management Americas Inc. Has $37.86 Million Stock Position in DoorDash, Inc. $DASH

Amova Asset Management Americas Inc. grew its stake in shares of DoorDash, Inc. (NASDAQ:DASH) by 6.7% in the first quarter, Holdings Channel reports. The institutional investor owned 252,253 shares of the company’s stock after purchasing an additional 15,929 shares during the period. Amova Asset Management Americas Inc.’s holdings in DoorDash were worth $37,861,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of DASH. Florida Financial Advisors LLC boosted its stake in DoorDash by 1.5% in the 1st quarter. Florida Financial Advisors LLC now owns 7,156 shares of the company’s stock valued at $1,074,000 after buying an additional 106 shares in the last quarter. Earned Wealth Advisors LLC increased its position in DoorDash by 29.0% in the first quarter. Earned Wealth Advisors LLC now owns 2,380 shares of the company’s stock worth $357,000 after purchasing an additional 535 shares during the period. Dimensional Fund Advisors LP raised its position in shares of DoorDash by 17.1% during the 1st quarter. Dimensional Fund Advisors LP now owns 961,427 shares of the company’s stock valued at $144,339,000 after acquiring an additional 140,470 shares during the last quarter. SEB Asset Management AB acquired a new position in DoorDash during the first quarter valued at approximately $12,561,000. Finally, Swiss National Bank boosted its holdings in shares of DoorDash by 8.1% in the first quarter. Swiss National Bank now owns 1,132,840 shares of the company’s stock valued at $170,096,000 after buying an additional 85,360 shares during the period. 90.64% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts have commented on DASH shares. Moffett Nathanson set a $276.00 price target on shares of DoorDash in a research report on Wednesday, April 15th. Wells Fargo & Company reduced their target price on shares of DoorDash from $200.00 to $199.00 and set an “equal weight” rating for the company in a report on Monday, July 6th. The Goldman Sachs Group set a $280.00 target price on DoorDash in a report on Thursday, May 7th. Piper Sandler decreased their price target on shares of DoorDash from $220.00 to $205.00 and set a “neutral” rating on the stock in a research note on Thursday, May 7th. Finally, Guggenheim reaffirmed a “buy” rating and set a $255.00 price target on shares of DoorDash in a research report on Tuesday, June 23rd. One equities research analyst has rated the stock with a Strong Buy rating, twenty-four have assigned a Buy rating and ten have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $252.89.

DoorDash Price Performance

DASH stock opened at $189.02 on Tuesday. The company’s 50-day moving average price is $170.39 and its two-hundred day moving average price is $177.02. The firm has a market cap of $82.36 billion, a P/E ratio of 90.01 and a beta of 1.78. The company has a quick ratio of 1.43, a current ratio of 1.43 and a debt-to-equity ratio of 0.27. DoorDash, Inc. has a 12 month low of $143.30 and a 12 month high of $285.50.

DoorDash (NASDAQ:DASH) last issued its quarterly earnings results on Wednesday, May 6th. The company reported $0.42 earnings per share for the quarter, topping analysts’ consensus estimates of $0.36 by $0.06. The company had revenue of $4.04 billion during the quarter, compared to the consensus estimate of $4.15 billion. DoorDash had a net margin of 6.29% and a return on equity of 9.58%. The firm’s quarterly revenue was up 33.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.44 EPS. On average, analysts anticipate that DoorDash, Inc. will post 2.39 earnings per share for the current fiscal year.

Insider Activity

In other DoorDash news, Director Shona L. Brown sold 582 shares of the firm’s stock in a transaction on Friday, June 26th. The stock was sold at an average price of $177.06, for a total value of $103,048.92. Following the sale, the director owned 31,156 shares of the company’s stock, valued at approximately $5,516,481.36. This trade represents a 1.83% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Stanley Tang sold 23,125 shares of the firm’s stock in a transaction on Thursday, July 2nd. The shares were sold at an average price of $191.19, for a total value of $4,421,268.75. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders sold 74,927 shares of company stock valued at $13,241,532. Corporate insiders own 5.83% of the company’s stock.

DoorDash Company 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.