Czech National Bank Purchases 5,884 Shares of DoorDash, Inc. $DASH

Key Points

• The Czech National Bank increased its holdings in DoorDash, Inc. by 7.6%, owning 83,806 shares valued at approximately $20.66 million as of the end of the last quarter.
• DoorDash reported a quarterly EPS of $0.65, exceeding analysts' expectations, and a revenue of $3.28 billion, which is a 24.9% year-over-year increase.
• Insider transactions revealed significant stock sales, including CEO Tony Xu selling 291,403 shares for over $69 million, indicating a 55.99% decrease in his ownership.

Czech National Bank raised its holdings in shares of DoorDash, Inc. (NASDAQ:DASH - Free Report) by 7.6% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 83,806 shares of the company's stock after buying an additional 5,884 shares during the quarter. Czech National Bank's holdings in DoorDash were worth $20,659,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. MassMutual Private Wealth & Trust FSB grew its position in DoorDash by 68.9% during the second quarter. MassMutual Private Wealth & Trust FSB now owns 831 shares of the company's stock worth $205,000 after buying an additional 339 shares in the last quarter. Next Level Private LLC bought a new stake in DoorDash during the second quarter worth about $224,000. Parallel Advisors LLC lifted its stake in DoorDash by 19.0% during the second quarter. Parallel Advisors LLC now owns 5,487 shares of the company's stock worth $1,353,000 after purchasing an additional 876 shares during the last quarter. OMNI 360 Wealth Inc. lifted its stake in DoorDash by 42.4% during the second quarter. OMNI 360 Wealth Inc. now owns 2,032 shares of the company's stock worth $501,000 after purchasing an additional 605 shares during the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. lifted its stake in DoorDash by 11,292.0% during the second quarter. Thurston Springer Miller Herd & Titak Inc. now owns 5,696 shares of the company's stock worth $1,404,000 after purchasing an additional 5,646 shares during the last quarter. 90.64% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at DoorDash

In other news, CEO Tony Xu sold 291,403 shares of the firm's stock in a transaction on Wednesday, August 20th. The stock was sold at an average price of $238.19, for a total value of $69,409,280.57. Following 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 position. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Andy Fang sold 50,000 shares of the firm's stock in a transaction on Thursday, August 7th. The stock was sold at an average price of $275.74, for a total value of $13,787,000.00. Following the completion of the transaction, the director owned 22,545 shares in the company, valued at approximately $6,216,558.30. This trade represents a 68.92% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 1,026,048 shares of company stock valued at $251,592,950. Corporate insiders own 5.83% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the company. Benchmark lifted their price target on DoorDash from $260.00 to $315.00 and gave the stock a "buy" rating in a research note on Thursday, August 7th. Bank of America lifted their price target on DoorDash from $230.00 to $245.00 and gave the stock a "buy" rating in a research note on Thursday, June 12th. BMO Capital Markets boosted their target price on DoorDash from $238.00 to $288.00 and gave the company an "outperform" rating in a research note on Thursday, August 7th. Wedbush restated a "neutral" rating on shares of DoorDash in a report on Friday, August 8th. Finally, JMP Securities increased their target price on DoorDash from $250.00 to $335.00 and gave the company a "market outperform" rating in a report on Thursday, August 7th. One research analyst has rated the stock with a Strong Buy rating, twenty-two have given a Buy rating and thirteen have given a Hold rating to the company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $268.76.

DoorDash Stock Down 1.0%

Shares of NASDAQ:DASH traded down $2.78 during trading on Friday, hitting $265.29. The stock had a trading volume of 10,684,224 shares, compared to its average volume of 4,559,979. DoorDash, Inc. has a 12 month low of $136.53 and a 12 month high of $278.15. The company has a market capitalization of $113.33 billion, a PE ratio of 147.38 and a beta of 1.70. The firm's fifty day moving average is $249.73 and its 200 day moving average is $217.71. The company has a quick ratio of 2.07, a current ratio of 2.07 and a debt-to-equity ratio of 0.30.

DoorDash (NASDAQ:DASH - Get Free Report) last posted its quarterly earnings results on Wednesday, August 6th. The company reported $0.65 earnings per share for the quarter, topping the consensus estimate of $0.42 by $0.23. The company 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 firm's quarterly revenue was up 24.9% compared to the same quarter last year. During the same quarter in the prior year, the business posted ($0.38) EPS. Analysts anticipate that DoorDash, Inc. will post 2.22 EPS for the current fiscal year.

About DoorDash

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.