GF Fund Management CO. LTD. Buys 9,629 Shares of DoorDash, Inc. $DASH

Key Points

• GF Fund Management boosted its stake in DoorDash by 12.7%, acquiring 9,629 shares to own 85,710 shares worth about $19.41 million at the end of the quarter.
• DoorDash reported Q4 EPS of $0.48, missing estimates by $0.10, while revenue grew 37.7% year-over-year to $3.96 billion, just shy of the $3.98 billion consensus.
• Analyst sentiment is positive overall—the stock carries an average rating of “Moderate Buy” with an average price target of $261.32 and several banks setting targets in the ~$265–$285 range.

GF Fund Management CO. LTD. boosted its stake in DoorDash, Inc. (NASDAQ:DASH - Free Report) by 12.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 85,710 shares of the company's stock after acquiring an additional 9,629 shares during the period. GF Fund Management CO. LTD.'s holdings in DoorDash were worth $19,412,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in DASH. Vanguard Group Inc. boosted its holdings in DoorDash by 3.7% in the third quarter. Vanguard Group Inc. now owns 42,712,908 shares of the company's stock valued at $11,617,484,000 after acquiring an additional 1,522,823 shares during the last quarter. Scge Management L.P. bought a new stake in DoorDash in the second quarter valued at approximately $267,463,000. Invesco Ltd. boosted its holdings in DoorDash by 18.2% in the third quarter. Invesco Ltd. now owns 6,355,628 shares of the company's stock valued at $1,728,667,000 after acquiring an additional 980,148 shares during the last quarter. Ninety One UK Ltd bought a new stake in DoorDash in the third quarter valued at approximately $259,154,000. Finally, State Street Corp boosted its holdings in DoorDash by 6.3% in the third quarter. State Street Corp now owns 15,296,624 shares of the company's stock valued at $4,160,529,000 after acquiring an additional 909,125 shares during the last quarter. 90.64% of the stock is currently owned by institutional investors.

DoorDash Price Performance

Shares of DASH opened at $183.89 on Friday. DoorDash, Inc. has a 52-week low of $143.30 and a 52-week high of $285.50. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.41 and a current ratio of 1.41. The business's 50 day moving average price is $165.98 and its two-hundred day moving average price is $206.14. The firm has a market cap of $79.89 billion, a PE ratio of 86.74 and a beta of 1.93.

DoorDash (NASDAQ:DASH - Get Free Report) last issued its quarterly earnings results on Wednesday, February 18th. The company reported $0.48 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.58 by ($0.10). DoorDash had a net margin of 6.82% and a return on equity of 10.15%. The business had revenue of $3.96 billion during the quarter, compared to analyst estimates of $3.98 billion. During the same period last year, the firm posted $0.33 earnings per share. DoorDash's quarterly revenue was up 37.7% compared to the same quarter last year. On average, equities analysts anticipate that DoorDash, Inc. will post 2.22 EPS for the current year.

Insider Buying and Selling at DoorDash

In other news, COO Prabir Adarkar sold 15,000 shares of the company's stock in a transaction that occurred on Tuesday, January 20th. The stock was sold at an average price of $204.59, for a total transaction of $3,068,850.00. Following the transaction, the chief operating officer directly owned 874,130 shares of the company's stock, valued at $178,838,256.70. This represents a 1.69% decrease in their ownership of the stock. 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 company's stock in a transaction that occurred on Monday, February 2nd. The stock was sold at an average price of $209.01, for a total value of $9,491,144.10. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 94,406 shares of company stock valued at $17,825,074. 5.83% of the stock is currently owned by company insiders.

DoorDash News Roundup

Here are the key news stories impacting DoorDash this week:

• Positive Sentiment: New monetization product: DoorDash rolled out new ad tools that could help restaurants win more customers and increase ad revenue — a potential long-term boost to margins and ARPU. DoorDash’s new ad tools could change how restaurants compete: Fox Business
• Positive Sentiment: Market reaction: Despite heavy media coverage of the White House delivery stunt, investors have largely shrugged it off so far, suggesting the episode is being treated as a short-term PR event rather than a material hit to fundamentals. DoorDash Defends White House Delivery: Yahoo
• Neutral Sentiment: High-profile media coverage: Multiple outlets reported former President Trump calling the stunt “tacky” and “a little embarrassing,” keeping the story in headlines but not adding new operational or financial information. Trump Calls His Own DoorDash Stunt ‘A Little Embarrassing’: Yahoo
• Neutral Sentiment: Unverified claims: Coverage includes unsubstantiated assertions that participants were “actors,” which prolongs chatter but so far lacks evidence that would meaningfully affect business metrics. White House DoorDash delivery prompts unsubstantiated 'actor' claims: Yahoo
• Negative Sentiment: Reputational/PR risk: Social-media backlash and heated exchanges by DoorDash PR staff have generated negative press and could raise short-term brand risk or partner concerns if amplified. DoorDash PR Head Crashes Out Online Over Backlash: HuffPost
• Negative Sentiment: Actor allegation scrutiny: Reporting that a participant may have been a paid actor keeps the story alive and could invite further media/legal scrutiny if substantiated. Unpacking claims 'DoorDash grandma' was paid actor: MSN

Analysts Set New Price Targets

Several analysts recently commented on the company. BNP Paribas Exane assumed coverage on DoorDash in a report on Wednesday, January 14th. They issued an "outperform" rating and a $280.00 target price on the stock. Benchmark upped their target price on DoorDash from $280.00 to $285.00 and gave the company a "buy" rating in a report on Thursday, February 19th. Bank of America boosted their price target on DoorDash from $260.00 to $272.00 and gave the company a "buy" rating in a research note on Thursday, February 19th. Wolfe Research set a $270.00 price target on DoorDash in a research note on Monday, January 5th. Finally, Needham & Company LLC dropped their price target on DoorDash from $275.00 to $265.00 and set a "buy" rating on the stock in a research note on Thursday, February 19th. One analyst has rated the stock with a Strong Buy rating, twenty-five have issued a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $261.32.

DoorDash Company Profile

DoorDash, Inc operates a technology-driven logistics and food-delivery marketplace that connects consumers, merchants and independent delivery contractors. The company's core service enables customers to order from local restaurants and retailers through its app and website while DoorDash handles last-mile fulfillment via its network of drivers, known as “Dashers.” Over time the platform has broadened beyond restaurant deliveries to include groceries, convenience items and retail deliveries, positioning DoorDash as a broader on-demand logistics provider for consumer goods.

In addition to its marketplace, DoorDash offers a suite of products and services for consumers and businesses.

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