Board of the Pension Protection Fund Makes New Investment in DoorDash, Inc. (NASDAQ:DASH)

Board of the Pension Protection Fund bought a new position in DoorDash, Inc. (NASDAQ:DASH - Free Report) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 2,600 shares of the company's stock, valued at approximately $475,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. IFP Advisors Inc grew its position in DoorDash by 31.8% during the 4th quarter. IFP Advisors Inc now owns 224 shares of the company's stock valued at $37,000 after purchasing an additional 54 shares during the last quarter. ORG Partners LLC grew its holdings in shares of DoorDash by 404.0% during the first quarter. ORG Partners LLC now owns 252 shares of the company's stock valued at $46,000 after buying an additional 202 shares during the last quarter. Rothschild Investment LLC increased its position in shares of DoorDash by 1,452.9% during the first quarter. Rothschild Investment LLC now owns 264 shares of the company's stock valued at $48,000 after acquiring an additional 247 shares in the last quarter. Mizuho Securities Co. Ltd. raised its holdings in DoorDash by 150.0% in the 1st quarter. Mizuho Securities Co. Ltd. now owns 300 shares of the company's stock worth $55,000 after acquiring an additional 180 shares during the last quarter. Finally, Larson Financial Group LLC lifted its position in DoorDash by 695.6% in the 4th quarter. Larson Financial Group LLC now owns 358 shares of the company's stock valued at $60,000 after acquiring an additional 313 shares in the last quarter. 90.64% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

DASH has been the subject of a number of research analyst reports. DA Davidson lifted their target price on DoorDash from $150.00 to $190.00 and gave the stock a "neutral" rating in a report on Tuesday, May 6th. Stifel Nicolaus set a $198.00 target price on DoorDash and gave the stock a "hold" rating in a research report on Tuesday, June 10th. Citigroup reaffirmed an "outperform" rating on shares of DoorDash in a report on Thursday, June 12th. FBN Securities began coverage on shares of DoorDash in a report on Friday, March 28th. They set an "outperform" rating and a $230.00 price objective for the company. Finally, BMO Capital Markets restated an "outperform" rating on shares of DoorDash in a report on Tuesday, April 29th. Eleven investment analysts have rated the stock with a hold rating, twenty-four have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, DoorDash currently has a consensus rating of "Moderate Buy" and a consensus price target of $214.76.

DoorDash Stock Performance

Shares of DoorDash stock opened at $239.64 on Friday. DoorDash, Inc. has a fifty-two week low of $99.32 and a fifty-two week high of $240.25. The company has a market capitalization of $101.55 billion, a P/E ratio of 311.22 and a beta of 1.67. The company has a fifty day moving average of $204.82 and a 200 day moving average of $190.85.

DoorDash (NASDAQ:DASH - Get Free Report) last announced its quarterly earnings data on Tuesday, May 6th. The company reported $0.44 EPS for the quarter, beating the consensus estimate of $0.39 by $0.05. DoorDash had a return on equity of 4.39% and a net margin of 3.02%. The business had revenue of $3.03 billion for the quarter, compared to the consensus estimate of $3.10 billion. During the same period in the previous year, the business earned ($0.06) earnings per share. The business's revenue was up 20.7% on a year-over-year basis. Analysts forecast that DoorDash, Inc. will post 2.22 EPS for the current year.

Insider Buying and Selling

In other news, CFO Ravi Inukonda sold 1,425 shares of the firm's stock in a transaction dated Tuesday, June 24th. The stock was sold at an average price of $231.70, for a total transaction of $330,172.50. Following the completion of the transaction, the chief financial officer now owns 265,530 shares in the company, valued at $61,523,301. This trade represents a 0.53% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Shona L. Brown sold 1,248 shares of DoorDash stock in a transaction dated Tuesday, June 24th. The stock was sold at an average price of $231.70, for a total value of $289,161.60. Following the completion of the sale, the director now directly owns 45,213 shares in the company, valued at $10,475,852.10. This trade represents a 2.69% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 313,552 shares of company stock valued at $63,965,566. Corporate insiders own 5.83% of the company's stock.

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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