DoorDash, Inc. (NASDAQ:DASH) Shares Sold by Natixis Advisors LLC

Key Points

• Natixis Advisors LLC significantly reduced its stake in DoorDash, selling 297,322 shares and lowering its holdings by 87.4% in the first quarter.
• Various institutional investors have recently altered their positions in DoorDash, with ORG Partners LLC increasing its stake by 404% and Rothschild Investment LLC by 1,452.9%.
• DoorDash's stock price target has been raised by several analysts, with Jefferies setting a target of $250.00 and Bank of America raising theirs to $245.00, reflecting positive sentiment around the company's performance.

Natixis Advisors LLC lessened its holdings in shares of DoorDash, Inc. (NASDAQ:DASH - Free Report) by 87.4% in the first quarter, according to its most recent filing with the SEC. The firm owned 42,770 shares of the company's stock after selling 297,322 shares during the quarter. Natixis Advisors LLC's holdings in DoorDash were worth $7,817,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the business. ORG Partners LLC lifted its holdings in shares of DoorDash by 404.0% in 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 period. Rothschild Investment LLC lifted its holdings in shares of DoorDash by 1,452.9% in the first quarter. Rothschild Investment LLC now owns 264 shares of the company's stock valued at $48,000 after buying an additional 247 shares during the period. Mizuho Securities Co. Ltd. lifted its holdings in shares of DoorDash by 150.0% in 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. Washington Trust Advisors Inc. acquired a new stake in shares of DoorDash in the first quarter valued at $56,000. Finally, Cromwell Holdings LLC acquired a new stake in shares of DoorDash in the first quarter valued at $58,000. Institutional investors and hedge funds own 90.64% of the company's stock.

Insider Buying and Selling

In related news, CEO Tony Xu sold 44,244 shares of the stock in a transaction that occurred on Monday, June 16th. The stock was sold at an average price of $220.71, for a total transaction of $9,765,093.24. Following the completion of the sale, the chief executive officer owned 520,450 shares in the company, valued at $114,868,519.50. This represents a 7.84% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Stanley Tang sold 45,410 shares of the stock in a transaction that occurred on Tuesday, July 1st. The shares were sold at an average price of $240.69, for a total value of $10,929,732.90. Following the sale, the director owned 26,070 shares of the company's stock, valued at approximately $6,274,788.30. The trade was a 63.53% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 508,127 shares of company stock worth $115,087,539. Insiders own 5.83% of the company's stock.

Analysts Set New Price Targets

DASH has been the subject of several research analyst reports. Jefferies Financial Group restated a "hold" rating and issued a $250.00 price objective (up previously from $235.00) on shares of DoorDash in a report on Tuesday, July 15th. Bank of America upped their price objective on DoorDash from $230.00 to $245.00 and gave the company a "buy" rating in a report on Thursday, June 12th. Citigroup restated an "outperform" rating on shares of DoorDash in a report on Thursday, June 12th. Wells Fargo & Company upped their target price on DoorDash from $198.00 to $239.00 and gave the company an "equal weight" rating in a report on Monday, July 7th. Finally, BTIG Research upped their target price on DoorDash from $225.00 to $265.00 and gave the company a "buy" rating in a report on Tuesday, July 1st. Eleven equities research analysts have rated the stock with a hold rating, twenty-four have given a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $235.56.

DoorDash Stock Performance

Shares of NASDAQ DASH opened at $258.02 on Tuesday. The firm has a market cap of $109.33 billion, a price-to-earnings ratio of 335.10 and a beta of 1.70. The business's 50-day simple moving average is $231.68 and its 200-day simple moving average is $204.50. DoorDash, Inc. has a 52 week low of $106.21 and a 52 week high of $258.73.

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

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.

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