National Pension Service Raises Stock Position in DoorDash, Inc. $DASH

Key Points

• The National Pension Service increased its stake in DoorDash by 10.5%, now holding approximately 0.11% of the company, valued at $83.1 million.
• Insider sales included significant transactions by Director Stanley Tang and CEO Tony Xu, resulting in a decrease of their holdings by 63.53% and 8.96% respectively.
• DoorDash reported earnings of $0.65 per share for the quarter, exceeding analysts' estimates and showing a 24.9% increase in revenue year-over-year.

National Pension Service boosted its holdings in shares of DoorDash, Inc. (NASDAQ:DASH - Free Report) by 10.5% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 454,864 shares of the company's stock after purchasing an additional 43,304 shares during the period. National Pension Service owned about 0.11% of DoorDash worth $83,135,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the business. Harbour Investments Inc. lifted its stake in DoorDash by 55.6% in the first quarter. Harbour Investments Inc. now owns 196 shares of the company's stock worth $36,000 after acquiring an additional 70 shares during the period. SouthState Corp raised its holdings in DoorDash by 762.5% in the 1st quarter. SouthState Corp now owns 207 shares of the company's stock worth $38,000 after purchasing an additional 183 shares in the last quarter. ORG Partners LLC lifted its position in shares of DoorDash by 404.0% in the 1st quarter. ORG Partners LLC now owns 252 shares of the company's stock worth $46,000 after purchasing an additional 202 shares during the period. Rothschild Investment LLC boosted its stake in shares of DoorDash by 1,452.9% during 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 in the last quarter. Finally, Mizuho Securities Co. Ltd. increased its position in shares of DoorDash by 150.0% during the first quarter. Mizuho Securities Co. Ltd. now owns 300 shares of the company's stock valued at $55,000 after buying an additional 180 shares during the period. 90.64% of the stock is currently owned by institutional investors.

DoorDash Stock Performance

DoorDash stock traded down $0.87 during trading on Tuesday, reaching $252.47. The company had a trading volume of 762,643 shares, compared to its average volume of 4,723,819. The firm's 50-day simple moving average is $240.60 and its 200 day simple moving average is $209.68. DoorDash, Inc. has a 52 week low of $122.32 and a 52 week high of $278.15. The company has a current ratio of 2.07, a quick ratio of 2.07 and a debt-to-equity ratio of 0.30. The firm has a market capitalization of $107.86 billion, a price-to-earnings ratio of 140.27 and a beta of 1.70.

DoorDash (NASDAQ:DASH - Get Free Report) last posted its quarterly earnings data on Wednesday, August 6th. The company reported $0.65 earnings per share for the quarter, beating analysts' consensus estimates 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 for the quarter, compared to analysts' expectations of $3.16 billion. During the same period in the previous year, the firm earned ($0.38) EPS. The business's quarterly revenue was up 24.9% on a year-over-year basis. Sell-side analysts forecast that DoorDash, Inc. will post 2.22 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research firms have weighed in on DASH. Roth Capital lifted their price objective on DoorDash from $191.00 to $225.00 and gave the company a "neutral" rating in a research report on Monday, July 14th. Morgan Stanley upped their price target on DoorDash from $275.00 to $300.00 and gave the stock an "overweight" rating in a research note on Thursday, August 7th. KeyCorp reissued an "overweight" rating and set a $325.00 price objective (up previously from $295.00) on shares of DoorDash in a research report on Thursday, August 7th. Jefferies Financial Group upped their target price on shares of DoorDash from $250.00 to $265.00 and gave the stock a "hold" rating in a research report on Monday, August 11th. Finally, Wedbush reissued a "neutral" rating on shares of DoorDash in a research report on Friday, August 8th. One research analyst has rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating and thirteen have issued a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $263.88.

Insider Activity at DoorDash

In other DoorDash news, CFO Ravi Inukonda sold 1,425 shares of DoorDash stock in a transaction on Friday, July 25th. The shares were sold at an average price of $244.78, for a total value of $348,811.50. Following the sale, the chief financial officer directly owned 244,905 shares in the company, valued at approximately $59,947,845.90. The trade was a 0.58% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Shona L. Brown sold 1,650 shares of the business's stock in a transaction on Thursday, August 7th. The stock was sold at an average price of $272.00, for a total transaction of $448,800.00. Following the completion of the sale, the director owned 41,827 shares in the company, valued at approximately $11,376,944. The trade was a 3.80% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 654,832 shares of company stock worth $154,752,327 in the last three months. Corporate 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.