Elo Mutual Pension Insurance Co Has $10.92 Million Stock Holdings in DoorDash, Inc. $DASH

Elo Mutual Pension Insurance Co increased its stake in DoorDash, Inc. (NASDAQ:DASH) by 7.8% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 40,146 shares of the company’s stock after purchasing an additional 2,904 shares during the quarter. Elo Mutual Pension Insurance Co’s holdings in DoorDash were worth $10,917,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently bought and sold shares of the company. Brighton Jones LLC grew its position in DoorDash by 24.0% during 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 in the last quarter. Integrated Wealth Concepts LLC grew its holdings in shares of 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 in the last quarter. Empowered Funds LLC raised its position 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 period. Sivia Capital Partners LLC lifted its stake in DoorDash by 92.9% in the 2nd 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 in the last quarter. Finally, Y Intercept Hong Kong Ltd acquired a new stake in DoorDash during the 2nd quarter worth about $916,000. 90.64% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at DoorDash

In other news, COO Prabir Adarkar sold 15,000 shares of the firm’s stock in a transaction on Tuesday, January 20th. The shares were sold at an average price of $204.59, for a total value of $3,068,850.00. Following the sale, the chief operating officer owned 874,130 shares in the company, valued at approximately $178,838,256.70. This trade represents a 1.69% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Ravi Inukonda sold 1,017 shares of the business’s stock in a transaction on Wednesday, January 14th. The stock was sold at an average price of $215.14, for a total transaction of $218,797.38. Following the transaction, the chief financial officer directly owned 208,412 shares in the company, valued at $44,837,757.68. This trade represents a 0.49% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 220,826 shares of company stock worth $48,944,946. Insiders own 5.83% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on DASH. Wedbush upped their target price on DoorDash from $260.00 to $270.00 and gave the company an “outperform” rating in a report on Friday, December 19th. Wolfe Research set a $270.00 price objective on shares of DoorDash in a research note on Monday, January 5th. Truist Financial lifted their target price on shares of DoorDash from $330.00 to $340.00 and gave the company a “buy” rating in a research note on Thursday, February 19th. Piper Sandler reaffirmed a “neutral” rating and issued a $220.00 price target (down from $230.00) on shares of DoorDash in a research note on Thursday, February 19th. Finally, Oppenheimer cut their price objective on DoorDash from $280.00 to $235.00 and set an “outperform” rating for the company in a report on Thursday, February 19th. One analyst has rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating and nine have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $264.74.

DoorDash Stock Performance

Shares of DASH opened at $176.47 on Monday. The company has a market capitalization of $76.66 billion, a PE ratio of 83.24 and a beta of 1.82. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.41 and a quick ratio of 1.41. DoorDash, Inc. has a one year low of $155.40 and a one year high of $285.50. The company’s fifty day moving average price is $202.02 and its 200 day moving average price is $227.78.

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