DoorDash, Inc. $DASH Shares Sold by Swiss National Bank

Swiss National Bank lessened its holdings in shares of DoorDash, Inc. (NASDAQ:DASH) by 4.6% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,034,300 shares of the company’s stock after selling 50,300 shares during the period. Swiss National Bank’s holdings in DoorDash were worth $281,319,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Greenland Capital Management LP grew its stake in shares of DoorDash by 637.5% in the second quarter. Greenland Capital Management LP now owns 23,572 shares of the company’s stock worth $5,811,000 after purchasing an additional 20,376 shares in the last quarter. American Century Companies Inc. raised its stake in shares of DoorDash by 5.0% during the third quarter. American Century Companies Inc. now owns 485,088 shares of the company’s stock valued at $131,941,000 after purchasing an additional 22,944 shares in the last quarter. Caprock Group LLC acquired a new stake in DoorDash in the third quarter worth about $3,169,000. Geode Capital Management LLC lifted its holdings in DoorDash by 2.9% in the second quarter. Geode Capital Management LLC now owns 7,951,230 shares of the company’s stock worth $1,950,711,000 after purchasing an additional 223,188 shares during the period. Finally, Williamson Legacy Group LLC bought a new position in DoorDash in the 2nd quarter valued at about $1,264,000. 90.64% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at DoorDash

In related news, Director Shona L. Brown sold 1,250 shares of the company’s stock in a transaction that occurred on Monday, February 9th. The shares were sold at an average price of $181.28, for a total value of $226,600.00. Following the completion of the sale, the director owned 32,252 shares in the company, valued at approximately $5,846,642.56. This represents a 3.73% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Prabir Adarkar sold 15,000 shares of the firm’s stock in a transaction that occurred on Tuesday, January 20th. The stock was sold at an average price of $204.59, for a total transaction of $3,068,850.00. Following the completion of the transaction, the chief operating officer directly owned 874,130 shares of the company’s stock, valued at $178,838,256.70. This represents a 1.69% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 220,826 shares of company stock valued at $48,944,946 over the last three months. 5.83% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

DASH has been the topic of several research analyst reports. Argus lowered their target price on shares of DoorDash from $275.00 to $260.00 and set a “buy” rating on the stock in a research note on Friday, December 12th. Oppenheimer cut their target price on DoorDash from $280.00 to $235.00 and set an “outperform” rating for the company in a research report on Thursday, February 19th. Cantor Fitzgerald decreased their price target on DoorDash from $285.00 to $230.00 and set an “overweight” rating for the company in a research note on Thursday, February 19th. Truist Financial boosted their price objective on DoorDash from $330.00 to $340.00 and gave the stock a “buy” rating in a research note on Thursday, February 19th. Finally, Mizuho cut their price objective on DoorDash from $320.00 to $255.00 and set an “outperform” rating for the company in a report on Tuesday, March 3rd. One analyst has rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating and nine have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $262.82.

DoorDash Price Performance

NASDAQ DASH opened at $179.17 on Monday. DoorDash, Inc. has a 1 year low of $155.40 and a 1 year high of $285.50. The business’s fifty day moving average is $196.55 and its two-hundred day moving average is $225.32. The stock has a market capitalization of $77.84 billion, a P/E ratio of 84.51 and a beta of 1.82. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.41 and a current ratio of 1.41.

DoorDash (NASDAQ:DASH) last issued its earnings results on Wednesday, February 18th. The company reported $0.48 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.58 by ($0.10). DoorDash had a return on equity of 10.15% and a net margin of 6.82%.The company had revenue of $3.96 billion during the quarter, compared to analyst estimates of $3.98 billion. During the same quarter in the previous year, the firm earned $0.33 earnings per share. The business’s revenue was up 37.7% compared to the same quarter last year. On average, research analysts forecast that DoorDash, Inc. will post 2.22 earnings per share for the current fiscal year.

DoorDash Company Profile

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.