DoorDash, Inc. (NASDAQ:DASH) Shares Sold by Sumitomo Mitsui Trust Holdings Inc.

Sumitomo Mitsui Trust Holdings Inc. lessened its holdings in DoorDash, Inc. (NASDAQ:DASH) by 2.3% in the 4th quarter, Holdings Channel.com reports. The fund owned 642,060 shares of the company’s stock after selling 15,202 shares during the period. Sumitomo Mitsui Trust Holdings Inc.’s holdings in DoorDash were worth $63,493,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in DASH. Fifth Third Bancorp lifted its holdings in shares of DoorDash by 448.8% during the third quarter. Fifth Third Bancorp now owns 439 shares of the company’s stock worth $35,000 after purchasing an additional 359 shares during the period. Valley National Advisers Inc. acquired a new stake in shares of DoorDash during the fourth quarter worth about $43,000. SJS Investment Consulting Inc. lifted its holdings in shares of DoorDash by 26.9% during the fourth quarter. SJS Investment Consulting Inc. now owns 462 shares of the company’s stock worth $46,000 after purchasing an additional 98 shares during the period. Covestor Ltd lifted its holdings in shares of DoorDash by 101.2% during the third quarter. Covestor Ltd now owns 503 shares of the company’s stock worth $40,000 after purchasing an additional 253 shares during the period. Finally, Global Retirement Partners LLC lifted its holdings in shares of DoorDash by 3,072.2% during the fourth quarter. Global Retirement Partners LLC now owns 571 shares of the company’s stock worth $59,000 after purchasing an additional 553 shares during the period. Institutional investors and hedge funds own 90.64% of the company’s stock.

DoorDash Stock Performance

Shares of DASH opened at $130.10 on Friday. DoorDash, Inc. has a one year low of $56.59 and a one year high of $143.34. The stock has a market capitalization of $52.56 billion, a price-to-earnings ratio of -90.98, a PEG ratio of 15.69 and a beta of 1.79. The stock has a 50 day moving average price of $130.22 and a 200 day moving average price of $106.42.

DoorDash (NASDAQ:DASH) last issued its quarterly earnings results on Thursday, February 15th. The company reported ($0.39) EPS for the quarter, missing the consensus estimate of ($0.15) by ($0.24). DoorDash had a negative return on equity of 8.49% and a negative net margin of 6.46%. The firm had revenue of $2.30 billion for the quarter, compared to analysts’ expectations of $2.25 billion. During the same quarter in the previous year, the firm posted ($0.63) earnings per share. The firm’s revenue for the quarter was up 26.7% compared to the same quarter last year. On average, analysts predict that DoorDash, Inc. will post 0.2 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on DASH shares. Mizuho lifted their target price on DoorDash from $140.00 to $152.00 and gave the stock a “buy” rating in a report on Friday, February 16th. UBS Group decreased their target price on DoorDash from $123.00 to $118.00 and set a “neutral” rating for the company in a report on Friday, February 16th. Needham & Company LLC reissued a “buy” rating and issued a $133.00 price target on shares of DoorDash in a report on Tuesday, February 6th. Morgan Stanley raised DoorDash from an “equal weight” rating to an “overweight” rating and boosted their price target for the company from $135.00 to $145.00 in a report on Thursday, February 22nd. Finally, Jefferies Financial Group raised DoorDash from a “hold” rating to a “buy” rating and boosted their price target for the company from $90.00 to $130.00 in a report on Monday, January 8th. Nine equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $128.88.

Insider Buying and Selling

In related news, Director Andy Fang sold 67,000 shares of the business’s stock in a transaction that occurred on Friday, February 16th. The stock was sold at an average price of $110.57, for a total transaction of $7,408,190.00. Following the completion of the sale, the director now directly owns 40,969 shares in the company, valued at $4,529,942.33. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other DoorDash news, Director Andy Fang sold 67,000 shares of the company’s stock in a transaction on Friday, February 16th. The stock was sold at an average price of $110.57, for a total value of $7,408,190.00. Following the completion of the sale, the director now directly owns 40,969 shares in the company, valued at approximately $4,529,942.33. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CFO Ravi Inukonda sold 5,000 shares of the company’s stock in a transaction on Tuesday, January 30th. The shares were sold at an average price of $109.73, for a total value of $548,650.00. Following the completion of the sale, the chief financial officer now owns 414,738 shares of the company’s stock, valued at $45,509,200.74. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 497,282 shares of company stock worth $64,885,042. 9.59% of the stock is owned by corporate insiders.

About DoorDash

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.