Nomura Asset Management International 13F: Cuts DASH Stake by $49M

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 Up 0.8%

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.

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.

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.