DoorDash, Inc. $DASH Shares Bought by Candriam S.C.A.

Key Points

• Candriam S.C.A. increased its holdings in DoorDash, Inc. by 14.1%, owning a total of 24,580 shares valued at approximately $4.49 million.
• DoorDash's stock has shown strong performance, with a 24.9% year-over-year revenue increase and an earnings per share (EPS) of $0.65, exceeding analysts' expectations.
• Institutional investors own 90.64% of DoorDash’s shares, reflecting strong interest from large investors in the company.

Candriam S.C.A. increased its stake in DoorDash, Inc. (NASDAQ:DASH - Free Report) by 14.1% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 24,580 shares of the company's stock after buying an additional 3,045 shares during the quarter. Candriam S.C.A.'s holdings in DoorDash were worth $4,492,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of the stock. Harbour Investments Inc. grew its position in DoorDash by 55.6% in the 1st quarter. Harbour Investments Inc. now owns 196 shares of the company's stock valued at $36,000 after acquiring an additional 70 shares during the last quarter. SouthState Corp grew its position in DoorDash by 762.5% in the 1st quarter. SouthState Corp now owns 207 shares of the company's stock valued at $38,000 after acquiring an additional 183 shares during the last quarter. ORG Partners LLC grew its position in DoorDash by 404.0% in the 1st quarter. ORG Partners LLC now owns 252 shares of the company's stock valued at $46,000 after acquiring an additional 202 shares during the last quarter. Rothschild Investment LLC grew its position in 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 acquiring an additional 247 shares during the last quarter. Finally, Mizuho Securities Co. Ltd. grew its position in DoorDash by 150.0% in the 1st quarter. Mizuho Securities Co. Ltd. now owns 300 shares of the company's stock valued at $55,000 after acquiring an additional 180 shares during the last quarter. 90.64% of the stock is currently owned by institutional investors.

DoorDash Stock Down 1.3%

Shares of DASH traded down $3.14 during trading hours on Wednesday, hitting $245.65. The company had a trading volume of 1,958,973 shares, compared to its average volume of 4,673,821. The company has a market capitalization of $104.94 billion, a PE ratio of 136.47 and a beta of 1.70. The company has a current ratio of 2.07, a quick ratio of 2.07 and a debt-to-equity ratio of 0.30. DoorDash, Inc. has a one year low of $122.32 and a one year high of $278.15. The company's fifty day moving average price is $243.99 and its two-hundred day moving average price is $211.73.

DoorDash (NASDAQ:DASH - Get Free Report) last released its quarterly earnings results on Wednesday, August 6th. The company reported $0.65 EPS for the quarter, topping 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 firm had revenue of $3.28 billion during the quarter, compared to analyst estimates of $3.16 billion. During the same period in the previous year, the company posted ($0.38) EPS. The business's revenue for the quarter was up 24.9% compared to the same quarter last year. As a group, equities analysts forecast that DoorDash, Inc. will post 2.22 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts have weighed in on DASH shares. Oppenheimer upped their target price on DoorDash from $280.00 to $310.00 and gave the stock an "outperform" rating in a report on Thursday, August 7th. Jefferies Financial Group raised their price target on DoorDash from $250.00 to $265.00 and gave the company a "hold" rating in a research note on Monday, August 11th. Sanford C. Bernstein raised their price target on DoorDash from $210.00 to $265.00 and gave the company an "outperform" rating in a research note on Monday, July 21st. Susquehanna raised their price target on DoorDash from $235.00 to $300.00 and gave the company a "positive" rating in a research note on Monday, August 11th. Finally, KeyCorp restated an "overweight" rating and set a $325.00 price target (up previously from $295.00) on shares of DoorDash in a research note on Thursday, August 7th. One analyst has rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating and thirteen have given a Hold rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $263.88.

Insider Activity at DoorDash

In related news, Director Stanley Tang sold 45,410 shares of the company's stock in a transaction on Tuesday, July 1st. The stock was sold at an average price of $240.69, for a total value of $10,929,732.90. Following the transaction, the director directly owned 26,070 shares of the company's stock, valued at $6,274,788.30. This represents a 63.53% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Andy Fang sold 50,000 shares of the company's stock in a transaction on Thursday, August 7th. The shares were 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 directly owned 22,545 shares in the company, valued at approximately $6,216,558.30. The trade was a 68.92% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 890,883 shares of company stock valued at $214,419,337 in the last ninety days. Company insiders own 5.83% of the company's stock.

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.