DoorDash, Inc. $DASH Shares Purchased by Epoch Investment Partners Inc.

Key Points

• Epoch Investment Partners Inc. increased its holdings in DoorDash by 83.3% during the first quarter, owning 5,435 shares worth approximately $993,000.
• DoorDash reported $0.65 earnings per share for the last quarter, surpassing estimates and showing a year-over-year revenue increase of 24.9%.
• Insider transactions included CEO Tony Xu selling 291,403 shares for over $69 million, suggesting significant movements among company executives.

Epoch Investment Partners Inc. boosted its position in shares of DoorDash, Inc. (NASDAQ:DASH - Free Report) by 83.3% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 5,435 shares of the company's stock after buying an additional 2,470 shares during the quarter. Epoch Investment Partners Inc.'s holdings in DoorDash were worth $993,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Harbour Investments Inc. grew its position in DoorDash by 55.6% during the first quarter. Harbour Investments Inc. now owns 196 shares of the company's stock valued at $36,000 after buying an additional 70 shares during the period. SouthState Corp grew its position in DoorDash by 762.5% during the first quarter. SouthState Corp now owns 207 shares of the company's stock valued at $38,000 after buying an additional 183 shares during the period. ORG Partners LLC grew its position in DoorDash by 404.0% during 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 grew its position in DoorDash by 1,452.9% during 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. Finally, Mizuho Securities Co. Ltd. grew its position 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 purchasing an additional 180 shares during the period. Institutional investors and hedge funds own 90.64% of the company's stock.

Insider Buying and Selling at DoorDash

In other DoorDash news, COO Prabir Adarkar sold 41,881 shares of DoorDash stock in a transaction dated Monday, August 25th. The shares were sold at an average price of $245.82, for a total transaction of $10,295,187.42. Following the completion of the sale, the chief operating officer directly owned 914,547 shares in the company, valued at $224,813,943.54. This trade represents a 4.38% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Stanley Tang sold 45,410 shares of DoorDash stock in a transaction dated Friday, August 1st. The shares were sold at an average price of $247.11, for a total transaction of $11,221,265.10. Following the sale, the director owned 26,070 shares of the company's stock, valued at approximately $6,442,157.70. This represents a 63.53% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 887,533 shares of company stock valued at $215,154,500. 5.83% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on DASH shares. Loop Capital reiterated a "buy" rating on shares of DoorDash in a research report on Tuesday, July 15th. Stifel Nicolaus lifted their target price on shares of DoorDash from $214.00 to $239.00 and gave the company a "hold" rating in a research report on Thursday, August 7th. Cantor Fitzgerald reiterated an "overweight" rating and issued a $260.00 target price (up previously from $210.00) on shares of DoorDash in a research report on Wednesday, June 25th. Morgan Stanley lifted their target price on shares of DoorDash from $275.00 to $300.00 and gave the company an "overweight" rating in a research report on Thursday, August 7th. Finally, Sanford C. Bernstein lifted their target price on shares of DoorDash from $210.00 to $265.00 and gave the company an "outperform" rating in a research report on Monday, July 21st. One equities research analyst has rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating and thirteen have given a Hold rating to the stock. According to MarketBeat.com, DoorDash has an average rating of "Moderate Buy" and an average price target of $263.88.

DoorDash Trading Down 0.8%

DASH stock traded down $2.08 during trading on Monday, reaching $245.25. 1,966,601 shares of the stock were exchanged, compared to its average volume of 3,835,808. 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 business has a 50 day moving average price of $245.52 and a 200-day moving average price of $212.84. DoorDash, Inc. has a 1 year low of $122.32 and a 1 year high of $278.15. The firm has a market capitalization of $104.77 billion, a price-to-earnings ratio of 136.25 and a beta of 1.70.

DoorDash (NASDAQ:DASH - Get Free Report) last issued its earnings results on Wednesday, August 6th. The company reported $0.65 EPS for the quarter, topping analysts' consensus estimates of $0.42 by $0.23. DoorDash had a net margin of 6.57% and a return on equity of 9.56%. The company had revenue of $3.28 billion for the quarter, compared to the consensus estimate of $3.16 billion. During the same period in the previous year, the firm earned ($0.38) earnings per share. DoorDash's quarterly revenue was up 24.9% compared to the same quarter last year. On average, research analysts predict 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.