Czech National Bank Makes New $14.24 Million Investment in DoorDash, Inc. (NASDAQ:DASH)

Czech National Bank purchased a new stake in DoorDash, Inc. (NASDAQ:DASH - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 77,922 shares of the company's stock, valued at approximately $14,242,000.

A number of other institutional investors and hedge funds have also modified their holdings of DASH. Pittenger & Anderson Inc. bought a new stake in DoorDash in the 4th quarter valued at $29,000. Denver PWM LLC acquired a new position in DoorDash in the fourth quarter worth about $30,000. Princeton Global Asset Management LLC bought a new position in DoorDash during the fourth quarter worth about $34,000. IFP Advisors Inc boosted its holdings in DoorDash by 31.8% during the fourth quarter. IFP Advisors Inc now owns 224 shares of the company's stock valued at $37,000 after purchasing an additional 54 shares in the last quarter. Finally, Rothschild Investment LLC grew its stake in shares of DoorDash by 1,452.9% in the 1st quarter. Rothschild Investment LLC now owns 264 shares of the company's stock valued at $48,000 after purchasing an additional 247 shares during the period. 90.64% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts recently commented on DASH shares. Piper Sandler reaffirmed a "neutral" rating and issued a $210.00 price target (up previously from $160.00) on shares of DoorDash in a research note on Wednesday, February 12th. Morgan Stanley reduced their target price on shares of DoorDash from $245.00 to $210.00 and set an "overweight" rating on the stock in a research note on Thursday, April 17th. Truist Financial increased their target price on shares of DoorDash from $217.00 to $235.00 and gave the stock a "buy" rating in a research report on Wednesday, February 12th. Benchmark boosted their price target on shares of DoorDash from $220.00 to $225.00 and gave the company a "buy" rating in a research report on Wednesday, May 7th. Finally, Oppenheimer reissued a "hold" rating on shares of DoorDash in a report on Monday, March 10th. Eleven investment analysts have rated the stock with a hold rating and twenty-four have assigned a buy rating to the stock. According to MarketBeat, DoorDash currently has a consensus rating of "Moderate Buy" and a consensus price target of $209.97.

Insider Transactions at DoorDash

In other DoorDash news, Director Stanley Tang sold 45,231 shares of the business's stock in a transaction on Monday, June 2nd. The shares were sold at an average price of $211.36, for a total transaction of $9,560,024.16. Following the completion of the sale, the director now owns 26,070 shares in the company, valued at approximately $5,510,155.20. The trade was a 63.44% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Ravi Inukonda sold 14,296 shares of DoorDash stock in a transaction that occurred on Tuesday, May 27th. The stock was sold at an average price of $205.54, for a total transaction of $2,938,399.84. Following the transaction, the chief financial officer now directly owns 380,037 shares in the company, valued at approximately $78,112,804.98. This represents a 3.63% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 268,030 shares of company stock valued at $52,907,806. 5.83% of the stock is currently owned by insiders.

DoorDash Stock Performance

Shares of NASDAQ DASH traded down $4.39 during trading hours on Thursday, reaching $215.84. 3,646,075 shares of the stock were exchanged, compared to its average volume of 4,212,392. The stock's fifty day simple moving average is $191.24 and its 200 day simple moving average is $186.08. DoorDash, Inc. has a 52 week low of $99.32 and a 52 week high of $220.64. The firm has a market capitalization of $91.46 billion, a price-to-earnings ratio of 799.41 and a beta of 1.67.

DoorDash (NASDAQ:DASH - Get Free Report) last released its earnings results on Tuesday, May 6th. The company reported $0.44 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.39 by $0.05. The company had revenue of $3.03 billion for the quarter, compared to analyst estimates of $3.10 billion. DoorDash had a return on equity of 1.67% and a net margin of 1.15%. DoorDash's quarterly revenue was up 20.7% on a year-over-year basis. During the same period in the prior year, the firm posted ($0.06) EPS. Research analysts predict that DoorDash, Inc. will post 2.22 EPS for the current fiscal year.

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.