3,731 Shares in DoorDash, Inc. (NASDAQ:DASH) Acquired by Perpetual Ltd

Perpetual Ltd acquired a new position in shares of DoorDash, Inc. (NASDAQ:DASH - Free Report) during the first quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 3,731 shares of the company's stock, valued at approximately $682,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in DASH. IFP Advisors Inc increased its holdings in DoorDash by 31.8% in the 4th quarter. IFP Advisors Inc now owns 224 shares of the company's stock worth $37,000 after acquiring an additional 54 shares in the last quarter. ORG Partners LLC increased its holdings in DoorDash by 404.0% in the 1st quarter. ORG Partners LLC now owns 252 shares of the company's stock worth $46,000 after acquiring an additional 202 shares in the last quarter. Rothschild Investment LLC increased its holdings in DoorDash by 1,452.9% in the 1st quarter. Rothschild Investment LLC now owns 264 shares of the company's stock worth $48,000 after acquiring an additional 247 shares in the last quarter. Mizuho Securities Co. Ltd. increased its holdings in DoorDash by 150.0% in the 1st quarter. Mizuho Securities Co. Ltd. now owns 300 shares of the company's stock worth $55,000 after acquiring an additional 180 shares in the last quarter. Finally, Larson Financial Group LLC increased its holdings in DoorDash by 695.6% in the 4th quarter. Larson Financial Group LLC now owns 358 shares of the company's stock worth $60,000 after acquiring an additional 313 shares in the last quarter. Institutional investors and hedge funds own 90.64% of the company's stock.

DoorDash Stock Down 3.4%

NASDAQ:DASH traded down $8.50 on Tuesday, reaching $238.01. 5,776,716 shares of the company's stock were exchanged, compared to its average volume of 4,237,854. The firm has a market capitalization of $100.85 billion, a price-to-earnings ratio of 309.11 and a beta of 1.70. The business has a fifty day moving average of $208.76 and a 200-day moving average of $192.35. DoorDash, Inc. has a 52-week low of $99.32 and a 52-week high of $248.68.

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

Insider Activity

In related news, CFO Ravi Inukonda sold 1,425 shares of the company's stock in a transaction that occurred on Tuesday, June 24th. The shares were sold at an average price of $231.70, for a total transaction of $330,172.50. Following the sale, the chief financial officer directly owned 265,530 shares in the company, valued at approximately $61,523,301. This represents a 0.53% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Ashley Still sold 2,495 shares of the company's stock in a transaction that occurred on Monday, June 23rd. The stock was sold at an average price of $225.00, for a total transaction of $561,375.00. Following the sale, the director owned 1,565 shares in the company, valued at $352,125. The trade was a 61.45% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 298,142 shares of company stock valued at $62,950,920. 5.83% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

DASH has been the subject of several recent analyst reports. Bank of America boosted their price target on shares of DoorDash from $230.00 to $245.00 and gave the stock a "buy" rating in a report on Thursday, June 12th. Stifel Nicolaus set a $198.00 target price on shares of DoorDash and gave the stock a "hold" rating in a research note on Tuesday, June 10th. BTIG Research lifted their target price on shares of DoorDash from $225.00 to $265.00 and gave the stock a "buy" rating in a research note on Tuesday. Cantor Fitzgerald reissued an "overweight" rating and set a $260.00 price target (up previously from $210.00) on shares of DoorDash in a research report on Wednesday, June 25th. Finally, KeyCorp lowered their price target on shares of DoorDash from $240.00 to $230.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 15th. Ten equities research analysts have rated the stock with a hold rating, twenty-five have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, DoorDash has an average rating of "Moderate Buy" and an average target price of $219.32.

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.