National Pension Service Boosts Stock Holdings in DoorDash, Inc. (NASDAQ:DASH)

National Pension Service lifted its holdings in DoorDash, Inc. (NASDAQ:DASH) by 12.5% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 430,249 shares of the company’s stock after purchasing an additional 47,893 shares during the period. National Pension Service owned about 0.10% of DoorDash worth $61,409,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of the business. Commonwealth Equity Services LLC lifted its holdings in DoorDash by 54.1% during the first quarter. Commonwealth Equity Services LLC now owns 4,664 shares of the company’s stock worth $642,000 after buying an additional 1,637 shares during the period. Private Advisor Group LLC grew its stake in DoorDash by 569.2% in the first quarter. Private Advisor Group LLC now owns 14,830 shares of the company’s stock valued at $2,042,000 after purchasing an additional 12,614 shares during the last quarter. Nordea Investment Management AB raised its holdings in DoorDash by 5.7% in the first quarter. Nordea Investment Management AB now owns 19,071 shares of the company’s stock worth $2,661,000 after purchasing an additional 1,022 shares in the last quarter. ORG Partners LLC lifted its position in shares of DoorDash by 2,108.3% during the first quarter. ORG Partners LLC now owns 265 shares of the company’s stock valued at $37,000 after buying an additional 253 shares during the last quarter. Finally, Envestnet Portfolio Solutions Inc. boosted its holdings in shares of DoorDash by 98.8% in the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 5,732 shares of the company’s stock valued at $789,000 after buying an additional 2,848 shares in the last quarter. Hedge funds and other institutional investors own 90.64% of the company’s stock.

Insiders Place Their Bets

In other news, CEO Tony Xu sold 81,249 shares of the firm’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 transaction was disclosed in a filing with the SEC, which is available at the SEC website. In related news, CFO Ravi Inukonda sold 7,000 shares of the company’s stock in a transaction dated Friday, August 30th. The shares were sold at an average price of $127.86, for a total transaction of $895,020.00. Following the completion of the sale, the chief financial officer now owns 396,152 shares of the company’s stock, valued at approximately $50,651,994.72. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Tony Xu sold 81,249 shares of the firm’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 transaction of $12,014,289.63. The disclosure for this sale can be found here. In the last three months, insiders sold 324,539 shares of company stock worth $46,439,330. Corporate insiders own 7.92% of the company’s stock.

Analyst Ratings Changes

Several research firms recently commented on DASH. The Goldman Sachs Group boosted their price objective on shares of DoorDash from $142.00 to $161.00 and gave the stock a “neutral” rating in a research note on Friday, November 1st. Keefe, Bruyette & Woods upgraded DoorDash from a “market perform” rating to an “outperform” rating and set a $177.00 price objective for the company in a report on Wednesday, September 25th. Morgan Stanley boosted their target price on DoorDash from $145.00 to $150.00 and gave the stock an “overweight” rating in a research note on Friday, August 2nd. Piper Sandler increased their price target on DoorDash from $125.00 to $160.00 and gave the company a “neutral” rating in a research note on Thursday, October 31st. Finally, Roth Mkm boosted their price target on DoorDash from $118.00 to $124.00 and gave the stock a “neutral” rating in a research note on Monday, August 5th. Ten investment analysts have rated the stock with a hold rating and twenty-four have issued a buy rating to the stock. According to MarketBeat.com, DoorDash has a consensus rating of “Moderate Buy” and an average target price of $163.12.

DoorDash Trading Up 1.4 %

NASDAQ DASH opened at $159.46 on Wednesday. The stock has a market capitalization of $65.62 billion, a price-to-earnings ratio of -354.36, a PEG ratio of 18.08 and a beta of 1.67. The stock has a 50-day moving average of $140.97 and a 200 day moving average of $124.29. DoorDash, Inc. has a twelve month low of $83.58 and a twelve month high of $165.07.

DoorDash (NASDAQ:DASH) last announced its earnings results on Wednesday, October 30th. The company reported $0.38 earnings per share for the quarter, topping the consensus estimate of $0.21 by $0.17. The business had revenue of $2.71 billion during the quarter, compared to the consensus estimate of $2.66 billion. DoorDash had a negative return on equity of 2.41% and a negative net margin of 1.69%. The business’s quarterly revenue was up 25.0% on a year-over-year basis. During the same period in the prior year, the company posted ($0.19) EPS. Equities analysts predict that DoorDash, Inc. will post 0.17 EPS for the current fiscal year.

DoorDash 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.