ASR Vermogensbeheer N.V. Boosts Holdings in DoorDash, Inc. $DASH

Key Points

• ASR Vermogensbeheer N.V. increased its holdings in DoorDash, Inc. by 29.5% during the second quarter, now owning 32,835 shares valued at approximately $8 million.
• Several institutional investors have made new acquisitions in DoorDash, with hedge funds owning a total of 90.64% of the company's stock.
• Insider transactions included the COO selling 41,881 shares for over $10 million, leading to a 4.38% decrease in their ownership position.

ASR Vermogensbeheer N.V. grew its position in shares of DoorDash, Inc. (NASDAQ:DASH - Free Report) by 29.5% in the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 32,835 shares of the company's stock after buying an additional 7,487 shares during the quarter. ASR Vermogensbeheer N.V.'s holdings in DoorDash were worth $8,094,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also made changes to their positions in DASH. Saudi Central Bank acquired a new stake in DoorDash in the first quarter valued at about $25,000. WPG Advisers LLC purchased a new position in shares of DoorDash during the 1st quarter worth approximately $26,000. Pacific Center for Financial Services acquired a new stake in shares of DoorDash in the 1st quarter valued at approximately $27,000. Harbour Investments Inc. boosted its stake in shares of DoorDash by 55.6% in the first quarter. Harbour Investments Inc. now owns 196 shares of the company's stock valued at $36,000 after buying an additional 70 shares in the last quarter. Finally, SouthState Corp boosted its stake in shares of DoorDash by 762.5% in the first quarter. SouthState Corp now owns 207 shares of the company's stock valued at $38,000 after buying an additional 183 shares in the last quarter. Hedge funds and other institutional investors own 90.64% of the company's stock.

Insiders Place Their Bets

In other news, COO Prabir Adarkar sold 41,881 shares of the company's stock in a transaction dated 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 completion of the transaction, the chief operating officer owned 914,547 shares of the company's stock, valued at $224,813,943.54. This represents a 4.38% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Stanley Tang sold 45,410 shares of the stock in a transaction dated Friday, August 1st. The stock was sold at an average price of $247.11, for a total transaction of $11,221,265.10. Following the transaction, the director owned 26,070 shares in the company, valued at approximately $6,442,157.70. The trade was a 63.53% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 891,841 shares of company stock valued at $220,178,742. 5.83% of the stock is owned by company insiders.

DoorDash Price Performance

Shares of NASDAQ:DASH opened at $270.09 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 business's fifty day moving average price is $255.09 and its two-hundred day moving average price is $223.32. The stock has a market cap of $115.38 billion, a PE ratio of 150.05 and a beta of 1.71. DoorDash, Inc. has a one year low of $140.62 and a one year high of $278.15.

DoorDash (NASDAQ:DASH - Get Free Report) last issued 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 return on equity of 9.56% and a net margin of 6.57%.The business's revenue was up 24.9% on a year-over-year basis. During the same period in the prior year, the business earned ($0.38) earnings per share. On average, analysts forecast that DoorDash, Inc. will post 2.22 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms have commented on DASH. Loop Capital reissued a "buy" rating on shares of DoorDash in a report on Tuesday, July 15th. KeyCorp reiterated an "overweight" rating and issued a $325.00 price target (up previously from $295.00) on shares of DoorDash in a report on Thursday, August 7th. Truist Financial raised their price objective on shares of DoorDash from $272.00 to $326.00 and gave the company a "buy" rating in a research note on Thursday, August 7th. Piper Sandler upped their target price on shares of DoorDash from $210.00 to $290.00 and gave the stock a "neutral" rating in a research report on Thursday, August 7th. Finally, Zacks Research upgraded shares of DoorDash to a "hold" rating in a research report on Tuesday, August 12th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty have issued a Buy rating and thirteen have given a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $275.42.

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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