DoorDash, Inc. (NASDAQ:DASH) Shares Sold by DekaBank Deutsche Girozentrale

DekaBank Deutsche Girozentrale reduced its stake in DoorDash, Inc. (NASDAQ:DASH) by 21.4% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 43,845 shares of the company’s stock after selling 11,962 shares during the quarter. DekaBank Deutsche Girozentrale’s holdings in DoorDash were worth $6,184,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of DASH. Baillie Gifford & Co. raised its holdings in DoorDash by 0.8% during the second quarter. Baillie Gifford & Co. now owns 12,497,488 shares of the company’s stock worth $1,359,477,000 after purchasing an additional 94,241 shares in the last quarter. Capital World Investors lifted its holdings in shares of DoorDash by 0.8% in the 1st quarter. Capital World Investors now owns 9,470,247 shares of the company’s stock valued at $1,304,242,000 after buying an additional 74,504 shares during the period. Price T Rowe Associates Inc. MD boosted its stake in shares of DoorDash by 4.6% in the first quarter. Price T Rowe Associates Inc. MD now owns 5,469,647 shares of the company’s stock valued at $753,281,000 after buying an additional 242,956 shares in the last quarter. Janus Henderson Group PLC grew its holdings in DoorDash by 11,416.7% during the first quarter. Janus Henderson Group PLC now owns 3,455,116 shares of the company’s stock worth $475,837,000 after acquiring an additional 3,425,115 shares during the period. Finally, Dragoneer Investment Group LLC raised its position in DoorDash by 77.9% in the second quarter. Dragoneer Investment Group LLC now owns 2,847,537 shares of the company’s stock worth $309,755,000 after acquiring an additional 1,246,567 shares in the last quarter. Institutional investors and hedge funds own 90.64% of the company’s stock.

Insider Activity at DoorDash

In other DoorDash news, CEO Tony Xu sold 81,249 shares of the business’s stock in a transaction that occurred on Tuesday, October 15th. The shares were sold at an average price of $147.87, for a total transaction of $12,014,289.63. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, Director Shona L. Brown sold 5,005 shares of the firm’s stock in a transaction dated Monday, August 5th. The stock was sold at an average price of $120.00, for a total transaction of $600,600.00. Following the sale, the director now directly owns 65,186 shares in the company, valued at approximately $7,822,320. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Tony Xu sold 81,249 shares of the company’s stock in a transaction that occurred on Tuesday, October 15th. The stock was sold at an average price of $147.87, for a total value of $12,014,289.63. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 383,710 shares of company stock worth $53,725,640. Company insiders own 7.92% of the company’s stock.

DoorDash Stock Up 0.9 %

DASH stock opened at $156.70 on Friday. The company has a market cap of $64.49 billion, a price-to-earnings ratio of -153.63, a PEG ratio of 425.82 and a beta of 1.70. The business has a fifty day simple moving average of $139.86 and a 200-day simple moving average of $124.05. DoorDash, Inc. has a 52 week low of $72.65 and a 52 week high of $165.07.

DoorDash (NASDAQ:DASH) last released its quarterly earnings data on Wednesday, October 30th. The company reported $0.38 EPS for the quarter, topping analysts’ consensus estimates of $0.21 by $0.17. The company had revenue of $2.71 billion for the quarter, compared to the consensus estimate of $2.66 billion. DoorDash had a negative return on equity of 5.91% and a negative net margin of 4.24%. The company’s quarterly revenue was up 25.0% compared to the same quarter last year. During the same period last year, the business posted ($0.19) EPS. As a group, analysts expect that DoorDash, Inc. will post 0.01 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on DASH shares. Oppenheimer upped their price target on shares of DoorDash from $145.00 to $160.00 and gave the stock an “outperform” rating in a research note on Friday, September 27th. Truist Financial increased their target price on shares of DoorDash from $170.00 to $180.00 and gave the company a “buy” rating in a report on Thursday. Susquehanna boosted their price target on DoorDash from $135.00 to $140.00 and gave the stock a “positive” rating in a research note on Monday, August 5th. Roth Mkm raised their price objective on DoorDash from $118.00 to $124.00 and gave the company a “neutral” rating in a research note on Monday, August 5th. Finally, Mizuho boosted their target price on DoorDash from $162.00 to $173.00 and gave the stock an “outperform” rating in a research report on Thursday, October 24th. Ten equities research analysts have rated the stock with a hold rating and twenty-four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $159.42.

DoorDash Company Profile

DoorDash, Inc, together with its subsidiaries, operates a commerce platform that connects merchants, consumers, and independent contractors in the United States and internationally. The company operates DoorDash Marketplace and Wolt Marketplace, which provide various services, such as customer acquisition, demand generation, order fulfillment, merchandising, payment processing, and customer support.