PBU The Pension Fund of Early Childhood & Youth Educators Purchases Shares of 59,041 DoorDash, Inc. $DASH

PBU The Pension Fund of Early Childhood & Youth Educators purchased a new stake in DoorDash, Inc. (NASDAQ:DASH) in the 4th quarter, Holdings Channel reports. The firm purchased 59,041 shares of the company’s stock, valued at approximately $13,372,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Eastern Bank grew its holdings 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 buying an additional 100 shares during the period. ST Germain D J Co. Inc. acquired a new position in shares of DoorDash in the 4th quarter valued at about $29,000. Sunbelt Securities Inc. lifted its stake in shares of 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. Morse Asset Management Inc acquired a new position in shares of DoorDash in the 3rd quarter valued at about $36,000. Finally, Kohmann Bosshard Financial Services LLC acquired a new position in shares of DoorDash in the 4th quarter valued at about $39,000. Hedge funds and other institutional investors own 90.64% of the company’s stock.

Insider Buying and Selling

In other news, insider Keith Yandell sold 2,643 shares of the firm’s stock in a transaction dated Tuesday, May 26th. The shares were sold at an average price of $155.34, for a total value of $410,563.62. Following the transaction, the insider directly owned 81,106 shares in the company, valued at approximately $12,599,006.04. This trade represents a 3.16% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, General Counsel Tia Sherringham sold 2,743 shares of the company’s stock in a transaction on Friday, May 22nd. The stock was sold at an average price of $160.79, for a total value of $441,046.97. Following the transaction, the general counsel owned 128,216 shares of the company’s stock, valued at approximately $20,615,850.64. The trade was a 2.09% decrease in their ownership of the stock. 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. In the last 90 days, insiders sold 69,808 shares of company stock worth $11,135,403. Company insiders own 5.83% of the company’s stock.

DoorDash Price Performance

DASH stock opened at $156.80 on Friday. The company has a quick ratio of 1.43, a current ratio of 1.43 and a debt-to-equity ratio of 0.27. DoorDash, Inc. has a 52-week low of $143.30 and a 52-week high of $285.50. The stock’s 50 day moving average is $162.40 and its two-hundred day moving average is $185.84. The company has a market capitalization of $68.32 billion, a PE ratio of 74.67 and a beta of 1.83.

DoorDash (NASDAQ:DASH) last posted its quarterly earnings data on Wednesday, May 6th. The company reported $0.42 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.36 by $0.06. DoorDash had a return on equity of 9.58% and a net margin of 6.29%.The company had revenue of $4.04 billion for the quarter, compared to the consensus estimate of $4.15 billion. During the same period in the previous year, the business earned $0.44 EPS. DoorDash’s revenue for the quarter was up 33.1% compared to the same quarter last year. Analysts predict that DoorDash, Inc. will post 2.45 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the company. TD Cowen assumed coverage on DoorDash in a research note on Monday, April 27th. They issued a “buy” rating and a $225.00 price objective on the stock. Benchmark lifted their price objective on DoorDash from $280.00 to $285.00 and gave the company a “buy” rating in a research note on Thursday, February 19th. Barclays reduced their price objective on DoorDash from $238.00 to $220.00 and set an “equal weight” rating on the stock in a research note on Thursday, February 19th. Zacks Research raised DoorDash from a “strong sell” rating to a “hold” rating in a research note on Tuesday, May 12th. Finally, BTIG Research reaffirmed a “buy” rating and issued a $280.00 price objective on shares of DoorDash in a research note on Thursday, May 7th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-five have assigned a Buy rating and nine have assigned a Hold rating to the stock. According to data from MarketBeat, DoorDash has a consensus rating of “Moderate Buy” and a consensus price target of $259.58.

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.