DoorDash, Inc. $DASH Shares Acquired by OMERS ADMINISTRATION Corp

OMERS ADMINISTRATION Corp lifted its stake in DoorDash, Inc. (NASDAQ:DASH) by 42.7% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 13,696 shares of the company’s stock after purchasing an additional 4,101 shares during the period. OMERS ADMINISTRATION Corp’s holdings in DoorDash were worth $2,056,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. MV Capital Management Inc. acquired a new position in DoorDash during the fourth quarter worth $26,000. Eastern Bank raised its stake in DoorDash by 714.3% in the 4th quarter. Eastern Bank now owns 114 shares of the company’s stock valued at $26,000 after purchasing an additional 100 shares during the last quarter. Sunbelt Securities Inc. lifted its holdings in DoorDash by 124.1% in the 3rd quarter. Sunbelt Securities Inc. now owns 121 shares of the company’s stock valued at $33,000 after purchasing an additional 67 shares in the last quarter. Swiss RE Ltd. purchased a new position in DoorDash in the 4th quarter valued at about $28,000. Finally, ST Germain D J Co. Inc. acquired a new stake in shares of DoorDash during the 4th quarter worth about $29,000. Hedge funds and other institutional investors own 90.64% of the company’s stock.

Insider Buying and Selling

In other news, COO Prabir Adarkar sold 21,739 shares of the company’s stock in a transaction dated Tuesday, May 26th. The stock was sold at an average price of $155.25, for a total value of $3,374,979.75. Following the completion of the sale, the chief operating officer owned 959,076 shares of the company’s stock, valued at $148,896,549. This represents a 2.22% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Ravi Inukonda sold 19,095 shares of the stock in a transaction that occurred on Wednesday, July 8th. The shares were sold at an average price of $188.04, for a total transaction of $3,590,623.80. Following the completion of the sale, the chief financial officer directly owned 252,443 shares of the company’s stock, valued at $47,469,381.72. This trade represents a 7.03% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 74,927 shares of company stock valued at $13,241,532 over the last ninety days. Insiders own 5.83% of the company’s stock.

Analysts Set New Price Targets

DASH has been the subject of several recent analyst reports. Citigroup reaffirmed a “market outperform” rating on shares of DoorDash in a research note on Monday, June 22nd. Zacks Research cut DoorDash from a “hold” rating to a “strong sell” rating in a report on Friday, July 17th. Guggenheim reaffirmed a “buy” rating and issued a $255.00 price objective on shares of DoorDash in a research report on Tuesday, June 23rd. Stifel Nicolaus dropped their target price on DoorDash from $215.00 to $185.00 and set a “hold” rating for the company in a research note on Monday, April 13th. Finally, Weiss Ratings raised DoorDash from a “hold (c-)” rating to a “hold (c)” rating in a research note on Wednesday, May 13th. One investment analyst has rated the stock with a Strong Buy rating, twenty-four have issued a Buy rating, nine have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, DoorDash currently has a consensus rating of “Moderate Buy” and a consensus price target of $252.89.

DoorDash Stock Performance

NASDAQ DASH opened at $195.52 on Wednesday. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.43 and a quick ratio of 1.43. DoorDash, Inc. has a 1-year low of $143.30 and a 1-year high of $285.50. The firm has a market capitalization of $85.19 billion, a P/E ratio of 93.11 and a beta of 1.78. The business’s 50-day simple moving average is $173.47 and its 200-day simple moving average is $175.12.

DoorDash (NASDAQ:DASH) last posted its earnings results on Wednesday, May 6th. The company reported $0.42 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.36 by $0.06. DoorDash had a net margin of 6.29% and a return on equity of 9.58%. The firm had revenue of $4.04 billion during the quarter, compared to the consensus estimate of $4.15 billion. During the same quarter in the prior year, the company earned $0.44 EPS. The company’s revenue was up 33.1% on a year-over-year basis. Equities analysts predict that DoorDash, Inc. will post 2.39 EPS for the current year.

DoorDash 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.