Nordea Investment Management Reduces $66M in DoorDash, Inc. ($DASH)
Nordea Investment Management cut its stake in DoorDash by nearly 16% as of its latest 13F filing.
Key Points
- Nordea Investment Management reduced its DoorDash stake by 357,381 shares, a 15.8% decrease, leaving it with 1,907,187 shares worth $353.9 million.
- DoorDash shares traded at $185.56 on Wednesday, with a market cap of $80.4 billion and a P/E ratio of 87.9.
- Recent insider trades include planned sales by Shona Brown and Andy Fang, while analysts maintain a 'buy' consensus with target prices up to $330.
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Nordea Investment Management has cut its holdings in DoorDash, Inc. (NasdaqGS: DASH) by 15.8%, according to its latest 13F filing with the SEC on May 13, 2026. The firm reduced its stake by 357,381 shares, bringing its total to 1,907,187 shares, valued at approximately $353.9 million.
Nordea Investment Management vs. the S&P 500
Hypothetical, simulated performance of disclosed positions vs. the S&P 500. Not realized profit and not investment advice. Past performance does not indicate future results. Details.
What Changed in Nordea Investment Management's DoorDash Position
Nordea Investment Management decreased its stake in DoorDash by 15.8%, selling 357,381 shares during the reporting period. This reduction leaves the firm with 1,907,187 shares in the company, valued around $353.9 million.
Other Institutional Activity in DoorDash
SC US (TTGP), LTD. slightly reduced its holdings by 91,540 shares, bringing its total to 31,595,084 shares valued at about $4.74 billion. BlackRock, Inc. also trimmed its position by 1,354,767 shares, ending with 26,465,811 shares worth roughly $3.97 billion. Vanguard Capital Management LLC and Vanguard Portfolio Management LLC both opened new positions with 23,455,088 and 16,451,483 shares, respectively, valued at $3.52 billion and $2.47 billion. Meanwhile, Morgan Stanley cut its stake significantly by 3,032,912 shares, now holding 14,503,912 shares valued at approximately $2.18 billion.
DoorDash, Inc. Stock Down 21.6%
Shares of DoorDash, Inc. traded near $185.56 on Wednesday. The company boasts a market capitalization of $80.4 billion, with a price-to-earnings ratio of 87.9 and a forward P/E of 23.7. DoorDash has a beta of 1.811, indicating higher volatility compared to the market. The stock's 52-week range has been between $143.3 and $285.5, with a 50-day moving average of $165.89 and a 200-day moving average of $200.18. The company maintains a current ratio of 1.426 and a quick ratio of 1.123, with a debt-to-equity ratio of 32.194.
$DASH stock price
Daily closing prices, year to date. Not investment advice.
Recent Earnings
For its recent quarter, DoorDash reported revenue of $14.72 billion, reflecting a growth of 33.1%. The company achieved an earnings per share (EPS) of $2.1, with a net margin of 6.29% and a return on equity (ROE) of 9.92%. DoorDash is expected to announce its next earnings 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 planned sales by Shona Brown, who sold 582 shares at an average price of $177.06 on June 26, 2026. Andy Fang executed a planned sale of 5,000 shares at $180.00 on June 24, 2026, and also made an unplanned purchase of 5,000 shares on the same day. Keith Yandell, the Chief Business Officer, purchased 49,728 shares on June 22, 2026. Alfred Lin bought 1,986 shares on June 10, 2026.
Analysts Set New Price Targets
On June 23, 2026, Guggenheim reiterated its 'buy' rating on DoorDash with a price target of $255. BTIG maintained a 'buy' rating with a $225 target on June 12, 2026. Citigroup and Susquehanna both maintained 'buy' ratings with targets of $250 and $225, respectively, on May 8, 2026. The consensus among 42 analysts is a 'buy' rating, with an average target price of $244.68.
About DoorDash, Inc.
DoorDash, Inc. operates an online platform that connects merchants, consumers, and delivery drivers known as dashers. The company provides services like customer acquisition and order fulfillment through its marketplaces, including DoorDash Marketplace, Wolt Marketplace, and Deliveroo Marketplace. It also offers membership programs and advertising services. Founded in 2013 and headquartered in San Francisco, California, DoorDash is led by CEO Tony Xu and employs about 31,400 people.
Bottom Line
Nordea Investment Management's recent reduction in its DoorDash stake is part of its portfolio adjustments as reported in its 13F filing. Investors often track these filings to gauge institutional sentiment and trends. DoorDash remains a significant player in the internet retail space, with continued analyst support and a strong market position.
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