BNP PARIBAS ASSET MANAGEMENT Holding S.A. Has $30.26 Million Stake in DoorDash, Inc. $DASH

Key Points

• BNP Paribas Asset Management increased its stake in DoorDash by 259.4% during Q1, owning a total of 165,550 shares valued at approximately $30.26 million.
• Institutional investors collectively own 90.64% of DoorDash's stock, with notable recent increases by Vanguard Group and Invesco, among others.
• DoorDash reported an EPS of $0.65 for the last quarter, exceeding estimates, and saw a revenue increase of 24.9% year-over-year, with a current market cap of about $105.95 billion.

BNP PARIBAS ASSET MANAGEMENT Holding S.A. increased its stake in shares of DoorDash, Inc. (NASDAQ:DASH - Free Report) by 259.4% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 165,550 shares of the company's stock after buying an additional 119,488 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A.'s holdings in DoorDash were worth $30,257,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. lifted its stake in shares of DoorDash by 25.8% during the first quarter. Vanguard Group Inc. now owns 39,397,286 shares of the company's stock valued at $7,200,642,000 after acquiring an additional 8,073,882 shares during the period. Invesco Ltd. boosted its stake in shares of DoorDash by 41.9% in the 1st quarter. Invesco Ltd. now owns 4,799,851 shares of the company's stock valued at $877,269,000 after purchasing an additional 1,416,194 shares during the last quarter. Nuveen LLC acquired a new stake in shares of DoorDash during the 1st quarter worth approximately $211,415,000. Deutsche Bank AG raised its stake in shares of DoorDash by 111.3% during the first quarter. Deutsche Bank AG now owns 2,009,699 shares of the company's stock worth $367,313,000 after buying an additional 1,058,731 shares during the last quarter. Finally, Northern Trust Corp raised its stake in shares of DoorDash by 38.2% during the first quarter. Northern Trust Corp now owns 3,309,237 shares of the company's stock worth $604,829,000 after buying an additional 915,512 shares during the last quarter. 90.64% of the stock is owned by institutional investors.

Insider Buying and Selling at DoorDash

In other DoorDash news, COO Prabir Adarkar sold 62,267 shares of the firm's stock in a transaction on Friday, May 23rd. The stock was sold at an average price of $202.67, for a total transaction of $12,619,652.89. Following the transaction, the chief operating officer owned 942,554 shares in the company, valued at $191,027,419.18. This trade represents a 6.20% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Andy Fang sold 50,000 shares of the company's stock in a transaction dated Thursday, August 7th. The stock was sold at an average price of $275.74, for a total transaction of $13,787,000.00. Following the sale, the director directly owned 22,545 shares of the company's stock, valued at $6,216,558.30. This represents a 68.92% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 686,437 shares of company stock valued at $161,070,166 over the last ninety days. Company insiders own 5.83% of the company's stock.

DoorDash Stock Up 0.2%

Shares of DASH stock opened at $248.00 on Monday. The company has a debt-to-equity ratio of 0.30, a quick ratio of 2.07 and a current ratio of 2.07. DoorDash, Inc. has a 52-week low of $122.32 and a 52-week high of $278.15. The firm's 50-day moving average is $239.89 and its 200-day moving average is $209.23. The stock has a market cap of $105.95 billion, a price-to-earnings ratio of 137.78 and a beta of 1.70.

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

Analyst Upgrades and Downgrades

A number of analysts have commented on DASH shares. Loop Capital reaffirmed a "buy" rating on shares of DoorDash in a report on Tuesday, July 15th. Raymond James Financial restated a "strong-buy" rating and issued a $325.00 price target (up from $275.00) on shares of DoorDash in a research report on Thursday, August 7th. Piper Sandler increased their target price on DoorDash from $210.00 to $290.00 and gave the company a "neutral" rating in a research note on Thursday, August 7th. Sanford C. Bernstein boosted their target price on DoorDash from $210.00 to $265.00 and gave the stock an "outperform" rating in a research report on Monday, July 21st. Finally, Citigroup reiterated an "outperform" rating on shares of DoorDash in a research report on Thursday, August 7th. Thirteen investment analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $263.88.

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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