DekaBank Deutsche Girozentrale Boosts Stock Position in DoorDash, Inc. (NYSE:DASH)

DekaBank Deutsche Girozentrale lifted its position in shares of DoorDash, Inc. (NYSE:DASHGet Rating) by 13.9% in the first quarter, HoldingsChannel.com reports. The firm owned 11,256 shares of the company’s stock after purchasing an additional 1,371 shares during the period. DekaBank Deutsche Girozentrale’s holdings in DoorDash were worth $1,348,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Capital Research Global Investors lifted its holdings in DoorDash by 82.6% in the fourth quarter. Capital Research Global Investors now owns 9,006,254 shares of the company’s stock worth $1,341,031,000 after buying an additional 4,074,501 shares during the period. TD Asset Management Inc. lifted its holdings in DoorDash by 110.0% in the fourth quarter. TD Asset Management Inc. now owns 1,728,266 shares of the company’s stock worth $257,339,000 after buying an additional 905,186 shares during the period. BlackRock Inc. lifted its holdings in DoorDash by 14.4% in the fourth quarter. BlackRock Inc. now owns 7,115,365 shares of the company’s stock worth $1,059,477,000 after buying an additional 895,713 shares during the period. Lone Pine Capital LLC lifted its holdings in DoorDash by 10.6% in the fourth quarter. Lone Pine Capital LLC now owns 8,252,069 shares of the company’s stock worth $1,228,733,000 after buying an additional 791,912 shares during the period. Finally, Spruce House Investment Management LLC purchased a new stake in DoorDash in the fourth quarter worth about $74,450,000. 90.64% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts have commented on the stock. Evercore ISI lowered their price objective on shares of DoorDash from $135.00 to $116.00 and set an “outperform” rating for the company in a report on Thursday, June 2nd. Susquehanna lowered their target price on shares of DoorDash from $145.00 to $100.00 in a report on Friday, May 6th. Citigroup lowered their target price on shares of DoorDash from $138.00 to $118.00 and set a “buy” rating for the company in a report on Thursday, July 7th. Sanford C. Bernstein assumed coverage on shares of DoorDash in a report on Monday, May 23rd. They set a “top pick” rating and a $90.00 target price for the company. Finally, JMP Securities lowered their target price on shares of DoorDash from $200.00 to $150.00 and set a “buy” rating for the company in a report on Thursday, June 2nd. Ten equities research analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $139.24.

Insider Transactions at DoorDash

In related news, General Counsel Tia Sherringham sold 625 shares of DoorDash stock in a transaction on Monday, April 25th. The shares were sold at an average price of $88.00, for a total transaction of $55,000.00. Following the transaction, the general counsel now owns 163,337 shares in the company, valued at approximately $14,373,656. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In related news, Director Shona L. Brown sold 935 shares of DoorDash stock in a transaction on Monday, June 27th. The shares were sold at an average price of $71.24, for a total transaction of $66,609.40. Following the transaction, the director now owns 91,028 shares in the company, valued at approximately $6,484,834.72. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, General Counsel Tia Sherringham sold 625 shares of DoorDash stock in a transaction on Monday, April 25th. The shares were sold at an average price of $88.00, for a total transaction of $55,000.00. Following the transaction, the general counsel now owns 163,337 shares in the company, valued at approximately $14,373,656. The disclosure for this sale can be found here. Insiders have sold 190,983 shares of company stock worth $12,664,622 in the last 90 days. 15.54% of the stock is currently owned by insiders.

DoorDash Price Performance

Shares of DoorDash stock opened at $77.61 on Friday. The company’s fifty day simple moving average is $69.19 and its 200-day simple moving average is $91.35. The stock has a market capitalization of $27.26 billion, a PE ratio of -50.73 and a beta of 1.15. DoorDash, Inc. has a 1-year low of $56.67 and a 1-year high of $257.25.

DoorDash (NYSE:DASHGet Rating) last issued its quarterly earnings results on Thursday, May 5th. The company reported ($0.48) earnings per share for the quarter, missing the consensus estimate of ($0.38) by ($0.10). The business had revenue of $1.46 billion for the quarter, compared to analysts’ expectations of $1.38 billion. DoorDash had a negative return on equity of 11.29% and a negative net margin of 9.97%. The company’s revenue was up 35.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($0.34) EPS. As a group, research analysts anticipate that DoorDash, Inc. will post -1.64 EPS for the current year.

DoorDash Company Profile

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DoorDash, Inc operates a logistics platform that connects merchants, consumers, and dashers in the United States and internationally. It operates DoorDash marketplace, which provides an array of services that enable merchants to solve mission-critical challenges, such as customer acquisition, delivery, insights and analytics, merchandising, payment processing, and customer support; and offers DoorDash Drive, a white-label logistics service; DoorDash Storefront that enables merchants to offer consumers on-demand access to e-commerce.

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Institutional Ownership by Quarter for DoorDash (NYSE:DASH)

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