Banco Bilbao Vizcaya Argentaria S.A. Raises Stake in DoorDash, Inc. $DASH

Key Points

• Banco Bilbao Vizcaya Argentaria S.A. has increased its holdings in DoorDash, Inc. by 25.5%, now owning 64,451 shares valued at approximately $11.8 million.
• Numerous institutional investors have also significantly increased their stakes in DoorDash, with some like Rothschild Investment LLC raising their positions by as much as 1,452.9%.
• DoorDash reported a $0.65 EPS for the recent quarter, exceeding analysts' expectations, with revenue up 24.9% year-over-year, amounting to $3.28 billion.

Banco Bilbao Vizcaya Argentaria S.A. raised its position in DoorDash, Inc. (NASDAQ:DASH - Free Report) by 25.5% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 64,451 shares of the company's stock after purchasing an additional 13,092 shares during the quarter. Banco Bilbao Vizcaya Argentaria S.A.'s holdings in DoorDash were worth $11,801,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of DASH. Brighton Jones LLC boosted its holdings in DoorDash by 24.0% in the 4th quarter. Brighton Jones LLC now owns 9,336 shares of the company's stock valued at $1,566,000 after purchasing an additional 1,807 shares during the last quarter. NewEdge Advisors LLC lifted its holdings in shares of DoorDash by 9.3% in the 4th quarter. NewEdge Advisors LLC now owns 6,068 shares of the company's stock worth $1,018,000 after acquiring an additional 514 shares during the last quarter. GeoWealth Management LLC lifted its holdings in shares of DoorDash by 3.7% in the 4th quarter. GeoWealth Management LLC now owns 1,428 shares of the company's stock worth $240,000 after acquiring an additional 51 shares during the last quarter. Norinchukin Bank The lifted its holdings in shares of DoorDash by 9.2% in the 4th quarter. Norinchukin Bank The now owns 3,901 shares of the company's stock worth $654,000 after acquiring an additional 328 shares during the last quarter. Finally, MML Investors Services LLC lifted its holdings in shares of DoorDash by 3.1% in the 4th quarter. MML Investors Services LLC now owns 22,625 shares of the company's stock worth $3,795,000 after acquiring an additional 682 shares during the last quarter. 90.64% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, Director Stanley Tang sold 45,410 shares of the stock in a transaction on Friday, August 1st. The shares were sold at an average price of $247.11, for a total value of $11,221,265.10. Following the transaction, the director directly owned 26,070 shares of the company's stock, valued at $6,442,157.70. This trade represents a 63.53% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Tony Xu sold 291,403 shares of the stock in a transaction on Wednesday, August 20th. The shares were sold at an average price of $238.19, for a total transaction of $69,409,280.57. Following the completion of the transaction, the chief executive officer directly owned 229,047 shares in the company, valued at $54,556,704.93. This trade represents a 55.99% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 905,179 shares of company stock valued at $217,357,737. 5.83% of the stock is currently owned by company insiders.

DoorDash Stock Up 0.9%

Shares of NASDAQ:DASH traded up $2.14 during trading hours on Friday, reaching $247.32. The stock had a trading volume of 2,811,511 shares, compared to its average volume of 3,882,916. DoorDash, Inc. has a 1 year low of $122.32 and a 1 year high of $278.15. The firm's 50 day moving average is $242.93 and its 200-day moving average is $211.02. 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 stock has a market capitalization of $105.66 billion, a price-to-earnings ratio of 137.40 and a beta of 1.70.

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

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on DASH shares. Piper Sandler upped their price objective on shares of DoorDash from $210.00 to $290.00 and gave the stock a "neutral" rating in a report on Thursday, August 7th. Morgan Stanley upped their price objective on shares of DoorDash from $275.00 to $300.00 and gave the stock an "overweight" rating in a report on Thursday, August 7th. Jefferies Financial Group upped their price objective on shares of DoorDash from $250.00 to $265.00 and gave the stock a "hold" rating in a report on Monday, August 11th. Sanford C. Bernstein upped their price objective on shares of DoorDash from $210.00 to $265.00 and gave the stock an "outperform" rating in a report on Monday, July 21st. Finally, BMO Capital Markets increased their target price on shares of DoorDash from $238.00 to $288.00 and gave the stock an "outperform" rating in a report on Thursday, August 7th. One research analyst has rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating and thirteen have issued a Hold rating to the company's stock. According to MarketBeat, DoorDash currently has a consensus rating of "Moderate Buy" and an average price target of $263.88.

DoorDash 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.