DoorDash, Inc. $DASH Shares Purchased by Capital World Investors

Capital World Investors lifted its position in DoorDash, Inc. (NASDAQ:DASH) by 0.9% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 10,865,927 shares of the company’s stock after acquiring an additional 95,278 shares during the quarter. Capital World Investors owned 2.54% of DoorDash worth $2,955,424,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in DASH. Vanguard Group Inc. raised its holdings in shares of DoorDash by 3.7% during the third quarter. Vanguard Group Inc. now owns 42,712,908 shares of the company’s stock worth $11,617,484,000 after purchasing an additional 1,522,823 shares during the period. State Street Corp raised its stake in DoorDash by 3.1% during the second quarter. State Street Corp now owns 14,387,499 shares of the company’s stock worth $3,546,662,000 after acquiring an additional 427,722 shares during the period. 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 acquiring an additional 223,188 shares during the last quarter. Invesco Ltd. boosted its stake in DoorDash by 12.0% in the second quarter. Invesco Ltd. now owns 5,375,480 shares of the company’s stock valued at $1,325,110,000 after acquiring an additional 575,629 shares during the period. Finally, Norges Bank bought a new position in shares of DoorDash during the second quarter valued at approximately $1,185,576,000. 90.64% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, COO Prabir Adarkar sold 30,000 shares of the company’s stock in a transaction on Monday, December 22nd. The stock was sold at an average price of $234.57, for a total transaction of $7,037,100.00. Following the completion of the sale, the chief operating officer directly owned 874,130 shares of the company’s stock, valued at $205,044,674.10. This represents a 3.32% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Stanley Tang sold 45,410 shares of the stock in a transaction on Friday, January 2nd. The shares were sold at an average price of $222.53, for a total value of $10,105,087.30. The SEC filing for this sale provides additional information. Insiders have sold 204,159 shares of company stock valued at $45,111,536 in the last three months. Insiders own 5.83% of the company’s stock.

DoorDash Trading Down 1.4%

Shares of DASH stock opened at $176.59 on Tuesday. The stock has a 50-day simple moving average of $195.46 and a 200 day simple moving average of $224.84. The stock has a market capitalization of $76.72 billion, a P/E ratio of 83.30 and a beta of 1.82. DoorDash, Inc. has a fifty-two week low of $155.40 and a fifty-two week high of $285.50. The company has a quick ratio of 1.41, a current ratio of 1.41 and a debt-to-equity ratio of 0.27.

DoorDash (NASDAQ:DASH) last posted its quarterly earnings data on Wednesday, February 18th. The company reported $0.48 earnings per share for the quarter, missing the consensus estimate of $0.58 by ($0.10). DoorDash had a net margin of 6.82% and a return on equity of 10.15%. The business had revenue of $3.96 billion for the quarter, compared to the consensus estimate of $3.98 billion. During the same quarter last year, the business posted $0.33 EPS. The business’s revenue for the quarter was up 37.7% on a year-over-year basis. On average, sell-side analysts expect that DoorDash, Inc. will post 2.22 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

DASH has been the topic of several analyst reports. Stifel Nicolaus dropped their target price on DoorDash from $253.00 to $224.00 and set a “hold” rating on the stock in a research report on Tuesday, January 27th. Citigroup reduced their target price on shares of DoorDash from $283.00 to $280.00 and set a “buy” rating for the company in a research note on Friday, February 20th. Needham & Company LLC dropped their price target on shares of DoorDash from $275.00 to $265.00 and set a “buy” rating on the stock in a research note on Thursday, February 19th. Jefferies Financial Group increased their price objective on DoorDash from $260.00 to $270.00 and gave the stock a “buy” rating in a report on Thursday, December 11th. Finally, Piper Sandler reaffirmed a “neutral” rating and set a $220.00 target price (down from $230.00) on shares of DoorDash in a research note on Thursday, February 19th. One research analyst has rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating and nine have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $262.82.

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.