Nomura Asset Management International Reduces $49M in DoorDash, Inc. ($DASH)
Nomura Asset Management reduced its stake in DoorDash, selling 264,148 shares.
Key Points
- Nomura Asset Management cut its DoorDash stake by 28%, selling 264,148 shares and now holds 677,231 shares valued at $114 million.
- DoorDash's market cap is approximately $73.24 billion, with a P/E ratio of 79.29 and a 52-week range of $143.30 to $285.50.
- Insiders, including Alfred Lin and Ashley Still, made recent trades, and analysts maintain a 'buy' consensus with a target mean price of $244.68.
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Nomura Asset Management International recently filed a Form 13F with the SEC revealing a reduction in its holdings of DoorDash, Inc. (NasdaqGS: DASH). The fund cut its position by 28%, selling 264,148 shares. As of the filing, Nomura holds 677,231 shares valued at approximately $114 million.
What Changed in Nomura Asset Management's DoorDash Position
Nomura Asset Management's latest filing shows a significant reduction in its DoorDash stake. The fund previously held 941,379 shares but reduced this by 264,148 shares, marking a 28% decrease. The remaining 677,231 shares are valued at about $114 million as of the reporting period.
Other Institutional Activity in DoorDash
Several other institutional investors also adjusted their positions in DoorDash. SC US (TTGP), LTD. slightly reduced its holdings by 91,540 shares, ending with 31,595,084 shares worth approximately $4.74 billion. BlackRock, Inc. cut its stake by 1,354,767 shares, now holding 26,465,811 shares valued at about $3.97 billion. Vanguard Capital Management LLC and Vanguard Portfolio Management LLC both reported new holdings of 23,455,088 and 16,451,483 shares, respectively, valued at $3.52 billion and $2.47 billion. Meanwhile, State Street Corp trimmed its position by 164,861 shares to 15,596,211 shares, valued at $2.34 billion.
DoorDash, Inc. Stock Down 21.6%
Shares of DoorDash (NasdaqGS: DASH) are trading around $168.39. The company has a market capitalization of approximately $73.24 billion, with a P/E ratio of 79.29 and a forward P/E of 21.50. DoorDash's stock has ranged from a low of $143.30 to a high of $285.50 over the past 52 weeks. The stock's 50-day moving average is $163.61, while the 200-day moving average is $203.54. DoorDash maintains a current ratio of 1.43 and a quick ratio of 1.12, with a debt-to-equity ratio of 32.19.
$DASH stock price
Daily closing prices, year to date. Not investment advice.
Recent Earnings
In its recent financial report, DoorDash posted revenue of approximately $14.72 billion, reflecting a growth of 33.1% compared to the previous year. The company's earnings per share stood at $2.12, with a net margin of 6.29% and a return on equity of 9.92%. DoorDash is expected to release its next earnings report on August 10, 2026.
Earnings drift grade
Outlook vs expectations on the last report — not price action.
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Forward outlook
5 target cuts vs 2 raises.
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EPS & revenue
EPS beat estimates by 13.0%. Revenue missed estimates by 4.5%.
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Profit surprise
EBITDA missed by 39 percent. Operating income beat by 24 percent.
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Pre-earnings setup
Bar was high, analysts already very bullish.
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Analyst signal
2 target raises, 5 target cuts.
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Earnings quality
Operating margin down 1.4 points. Negative free cash flow.
Earnings Call Summary
Q1 revenue came in at 4.04 billion dollars, missing the 4.23 billion dollar consensus by about 190 million dollars, though EPS beat at 42 cents versus 38 cents expected. Management credited monthly active users hitting record highs, subscription engagement accelerating, and strong international momentum, especially at Deliveroo and Bolt. CEO Tony Xu emphasized the company is building end-to-end shopping experiences with AI, expanded Dasher Fulfillment Services for grocery accuracy, and grew advertising to record levels. New verticals like grocery are trending toward gross profit breakeven in the second half with improving unit economics as cohorts grow their basket sizes over time.
Guidance DoorDash reaffirmed its full year outlook for EBITDA margins to be slightly higher than 2025, excluding restaurant unit economics. Management said they expect the second half EBITDA to be higher than the first half, with similar margins to what was planned at the start of the year. The company noted a 50 million dollar gas rewards program impact in the quarter and said they may extend it, but plan to offset it with other cost moves.
Very weak report. The release materially worsened the forward outlook.
Insider Buying and Selling at DoorDash, Inc.
Recent insider activity at DoorDash includes several transactions on June 10, 2026. Alfred Lin and Ashley Still each bought 1,986 shares, while Ashley Still also sold 1,164 shares at an average price of $153.58. Jeffrey Blackburn, Elinor Mertz, and Diego Piacentini were among others who each purchased 1,986 shares.
Analysts Set New Price Targets
Analysts have maintained their ratings on DoorDash with positive outlooks. On June 12, 2026, BTIG maintained a 'buy' rating with a price target of $225. Citigroup and Susquehanna also maintained 'buy' ratings with targets of $250 and $225, respectively, on May 8, 2026. The consensus among 42 analysts remains a 'buy', with an average target price of $244.68.
About DoorDash
DoorDash, Inc., based in San Francisco, California, operates a commerce platform that connects merchants, consumers, and delivery drivers, known as dashers. The company offers services through DoorDash Marketplace, Wolt Marketplace, and Deliveroo Marketplace, providing customer acquisition, order fulfillment, and payment processing. DoorDash also offers subscription programs and advertising services. Founded in 2013 by CEO Tony Xu, the company has grown to employ over 31,400 people.
Bottom Line
Nomura Asset Management's recent filing reflects a significant reduction in its DoorDash holdings, which investors may watch closely. DoorDash remains a notable player in the internet retail sector, with strong revenue growth and a robust market presence. While 13F filings provide a snapshot of past positions, they might not reflect current investment strategies.
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