86,183 Shares in DoorDash, Inc. $DASH Purchased by Strs Ohio

Key Points

• Strs Ohio acquired 86,183 shares of DoorDash, valued at approximately $15.75 million, marking a new investment in the company during the first quarter.
• DoorDash recently reported $3.28 billion in revenue for the last quarter, surpassing estimates and achieving a 24.9% year-over-year growth.
• Analysts have rated DoorDash with a consensus rating of "Moderate Buy", and forecast an earnings per share of 2.22 for the current year.

Strs Ohio purchased a new position in shares of DoorDash, Inc. (NASDAQ:DASH - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 86,183 shares of the company's stock, valued at approximately $15,752,000.

Other large investors have also recently added to or reduced their stakes in the company. Saudi Central Bank purchased a new position in DoorDash during the first quarter worth about $25,000. WPG Advisers LLC acquired a new position in DoorDash during the first quarter worth about $26,000. Pacific Center for Financial Services acquired a new position in DoorDash during the first quarter worth about $27,000. Harbour Investments Inc. grew its position in DoorDash by 55.6% during the first quarter. Harbour Investments Inc. now owns 196 shares of the company's stock worth $36,000 after buying an additional 70 shares during the period. Finally, SouthState Corp grew its position in DoorDash by 762.5% during the first quarter. SouthState Corp now owns 207 shares of the company's stock worth $38,000 after buying an additional 183 shares during the period. 90.64% of the stock is owned by hedge funds and other institutional investors.

DoorDash Stock Performance

Shares of DASH opened at $257.98 on Friday. The company has a debt-to-equity ratio of 0.30, a quick ratio of 2.07 and a current ratio of 2.07. The company has a market capitalization of $110.21 billion, a price-to-earnings ratio of 143.32 and a beta of 1.70. The company's 50 day simple moving average is $248.21 and its 200 day simple moving average is $215.94. DoorDash, Inc. has a 1 year low of $126.90 and a 1 year high of $278.15.

DoorDash (NASDAQ:DASH - Get Free Report) last announced its quarterly earnings data on Wednesday, August 6th. The company reported $0.65 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.42 by $0.23. The business had revenue of $3.28 billion for the quarter, compared to the consensus estimate of $3.16 billion. DoorDash had a net margin of 6.57% and a return on equity of 9.56%. The company's quarterly revenue was up 24.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted ($0.38) earnings per share. On average, sell-side analysts predict that DoorDash, Inc. will post 2.22 EPS for the current year.

Analyst Ratings Changes

Several brokerages have weighed in on DASH. Wall Street Zen upgraded shares of DoorDash from a "hold" rating to a "buy" rating in a research report on Saturday, July 26th. Stifel Nicolaus upped their target price on shares of DoorDash from $214.00 to $239.00 and gave the stock a "hold" rating in a research report on Thursday, August 7th. Citigroup restated an "outperform" rating on shares of DoorDash in a research report on Thursday, August 7th. Royal Bank Of Canada upped their target price on shares of DoorDash from $230.00 to $300.00 and gave the stock an "outperform" rating in a research report on Thursday, August 7th. Finally, Morgan Stanley upped their target price on shares of DoorDash from $275.00 to $300.00 and gave the stock an "overweight" rating in a research report on Thursday, August 7th. One investment analyst has rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating and thirteen have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, DoorDash has a consensus rating of "Moderate Buy" and a consensus price target of $266.71.

Insider Activity

In related news, COO Prabir Adarkar sold 41,881 shares of the company's stock in a transaction that occurred on Monday, August 25th. The shares were sold at an average price of $245.82, for a total transaction of $10,295,187.42. Following the transaction, the chief operating officer owned 914,547 shares of the company's stock, valued at approximately $224,813,943.54. This represents a 4.38% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Andy Fang sold 50,000 shares of the company's stock in a transaction that occurred on Thursday, August 7th. The shares were sold at an average price of $275.74, for a total transaction of $13,787,000.00. Following the transaction, the director directly owned 22,545 shares in the company, valued at $6,216,558.30. The trade was a 68.92% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 1,019,042 shares of company stock worth $248,122,219. 5.83% of the stock is currently owned by corporate insiders.

DoorDash Company Profile

DoorDash, Inc, together with its subsidiaries, operates a commerce platform that connects merchants, consumers, and independent contractors in the United States and internationally. The company operates DoorDash Marketplace and Wolt Marketplace, which provide various services, such as customer acquisition, demand generation, order fulfillment, merchandising, payment processing, and customer support.

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