National Pension Service Boosts Position in DoorDash, Inc. $DASH

National Pension Service raised its position in DoorDash, Inc. (NASDAQ:DASH) by 1.1% during the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 694,111 shares of the company’s stock after acquiring an additional 7,655 shares during the quarter. National Pension Service owned approximately 0.16% of DoorDash worth $188,791,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Brighton Jones LLC lifted its stake in shares of DoorDash by 24.0% in the 4th quarter. Brighton Jones LLC now owns 9,336 shares of the company’s stock worth $1,566,000 after purchasing an additional 1,807 shares during the period. Integrated Wealth Concepts LLC increased its holdings in DoorDash by 21.5% during the first quarter. Integrated Wealth Concepts LLC now owns 1,715 shares of the company’s stock valued at $314,000 after buying an additional 303 shares during the last quarter. Empowered Funds LLC increased its holdings in DoorDash by 3.6% during the first quarter. Empowered Funds LLC now owns 8,130 shares of the company’s stock valued at $1,486,000 after buying an additional 285 shares during the last quarter. Sivia Capital Partners LLC raised its position in DoorDash by 92.9% in the second quarter. Sivia Capital Partners LLC now owns 4,255 shares of the company’s stock worth $1,049,000 after acquiring an additional 2,049 shares during the period. Finally, HB Wealth Management LLC boosted its stake in shares of DoorDash by 4.0% during the 2nd quarter. HB Wealth Management LLC now owns 4,045 shares of the company’s stock worth $997,000 after acquiring an additional 154 shares during the last quarter. 90.64% of the stock is owned by hedge funds and other institutional investors.

DoorDash Stock Performance

NASDAQ:DASH opened at $204.62 on Friday. The stock has a 50-day moving average price of $217.75 and a 200 day moving average price of $237.99. The stock has a market capitalization of $88.19 billion, a P/E ratio of 103.87 and a beta of 1.70. DoorDash, Inc. has a 12-month low of $155.40 and a 12-month high of $285.50. The company has a current ratio of 2.04, a quick ratio of 2.04 and a debt-to-equity ratio of 0.29.

DoorDash (NASDAQ:DASH) last posted its quarterly earnings results on Wednesday, November 5th. The company reported $0.55 EPS for the quarter, missing analysts’ consensus estimates of $0.68 by ($0.13). DoorDash had a return on equity of 9.97% and a net margin of 6.83%.The business had revenue of $3.45 billion during the quarter, compared to analysts’ expectations of $3.35 billion. During the same period in the prior year, the firm posted $0.38 earnings per share. The firm’s revenue for the quarter was up 27.3% on a year-over-year basis. Equities research analysts forecast that DoorDash, Inc. will post 2.22 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the company. Zacks Research lowered DoorDash from a “hold” rating to a “strong sell” rating in a research note on Monday, January 5th. Morgan Stanley lifted their target price on DoorDash from $300.00 to $330.00 and gave the company an “overweight” rating in a research report on Monday, October 20th. Susquehanna reduced their price target on DoorDash from $300.00 to $250.00 and set a “positive” rating for the company in a research report on Friday, November 7th. BTIG Research reaffirmed a “buy” rating and issued a $315.00 price objective on shares of DoorDash in a research note on Thursday, November 6th. Finally, Bank of America lowered their price objective on DoorDash from $325.00 to $305.00 and set a “buy” rating on the stock in a research report on Thursday, November 6th. Three research analysts have rated the stock with a Strong Buy rating, twenty-five have given a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, DoorDash currently has an average rating of “Moderate Buy” and a consensus target price of $280.29.

Insider Transactions at DoorDash

In related news, Director Alfred Lin bought 389,047 shares of the company’s stock in a transaction that occurred on Tuesday, November 25th. The stock was purchased at an average price of $193.81 per share, for a total transaction of $75,401,199.07. Following the completion of the transaction, the director owned 389,047 shares in the company, valued at $75,401,199.07. The trade was a ∞ increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Stanley Tang sold 45,410 shares of DoorDash stock in a transaction on Monday, December 1st. The shares were sold at an average price of $205.07, for a total transaction of $9,312,228.70. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 632,885 shares of company stock valued at $133,222,817. 5.83% of the stock is owned by corporate insiders.

About DoorDash

DoorDash, Inc operates a technology-driven logistics and food-delivery marketplace that connects consumers, merchants and independent delivery contractors. The company’s core service enables customers to order from local restaurants and retailers through its app and website while DoorDash handles last-mile fulfillment via its network of drivers, known as “Dashers.” Over time the platform has broadened beyond restaurant deliveries to include groceries, convenience items and retail deliveries, positioning DoorDash as a broader on-demand logistics provider for consumer goods.

In addition to its marketplace, DoorDash offers a suite of products and services for consumers and businesses.