DoorDash, Inc. $DASH Position Raised by Qtron Investments LLC

Key Points

• Qtron Investments LLC increased its stake in DoorDash, Inc. by 35.5%, owning a total of 4,614 shares valued at $843,000 after acquiring 1,208 additional shares in the first quarter.
• Insider transactions indicate that directors have sold significant shares, with Shona L. Brown selling 1,650 shares for approximately $448,800, and Stanley Tang selling 45,410 shares for around $11.2 million.
• DoorDash reported a quarterly earnings per share (EPS) of $0.65, exceeding expectations and marking a 24.9% increase in revenue year-over-year.

Qtron Investments LLC increased its position in DoorDash, Inc. (NASDAQ:DASH - Free Report) by 35.5% in the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 4,614 shares of the company's stock after purchasing an additional 1,208 shares during the period. Qtron Investments LLC's holdings in DoorDash were worth $843,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of the company. GeoWealth Management LLC grew its stake in DoorDash by 3.7% in the fourth quarter. GeoWealth Management LLC now owns 1,428 shares of the company's stock worth $240,000 after purchasing an additional 51 shares in the last quarter. Harbour Investments Inc. grew 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 purchasing an additional 70 shares in the last quarter. Coldstream Capital Management Inc. grew its stake in DoorDash by 5.5% in the fourth quarter. Coldstream Capital Management Inc. now owns 1,661 shares of the company's stock worth $279,000 after purchasing an additional 86 shares in the last quarter. LVW Advisors LLC grew its stake in DoorDash by 6.1% in the first quarter. LVW Advisors LLC now owns 1,495 shares of the company's stock worth $273,000 after purchasing an additional 86 shares in the last quarter. Finally, CVA Family Office LLC grew its stake in DoorDash by 12.7% in the first quarter. CVA Family Office LLC now owns 774 shares of the company's stock worth $141,000 after purchasing an additional 87 shares in the last quarter. 90.64% of the stock is currently owned by institutional investors and hedge funds.

DoorDash Stock Performance

Shares of NASDAQ DASH traded up $2.14 during midday trading on Friday, hitting $247.32. 2,811,511 shares of the company's stock were exchanged, compared to its average volume of 3,882,916. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.07 and a quick ratio of 2.07. The stock's 50 day moving average price is $242.93 and its 200-day moving average price is $210.92. The firm has a market cap of $105.65 billion, a P/E ratio of 137.40 and a beta of 1.70. DoorDash, Inc. has a twelve month low of $122.32 and a twelve month high of $278.15.

DoorDash (NASDAQ:DASH - Get Free Report) last issued its quarterly earnings data on Wednesday, August 6th. The company reported $0.65 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.42 by $0.23. The business had revenue of $3.28 billion during the quarter, compared to the consensus estimate of $3.16 billion. DoorDash had a return on equity of 9.56% and a net margin of 6.57%.The business's revenue was up 24.9% on a year-over-year basis. During the same period in the previous year, the firm posted ($0.38) earnings per share. Equities research analysts anticipate that DoorDash, Inc. will post 2.22 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on DASH shares. BTIG Research lifted their target price on DoorDash from $225.00 to $265.00 and gave the company a "buy" rating in a research note on Tuesday, July 1st. Stifel Nicolaus lifted their target price on DoorDash from $214.00 to $239.00 and gave the company a "hold" rating in a research note on Thursday, August 7th. KeyCorp restated an "overweight" rating and issued a $325.00 target price (up from $295.00) on shares of DoorDash in a research note on Thursday, August 7th. Bank of America lifted their target price on DoorDash from $230.00 to $245.00 and gave the company a "buy" rating in a research note on Thursday, June 12th. Finally, Truist Financial lifted their target price on DoorDash from $272.00 to $326.00 and gave the company a "buy" rating in a research note on Thursday, August 7th. One research analyst has rated the stock with a Strong Buy rating, twenty-two have given a Buy rating and thirteen have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $263.88.

Insider Transactions at DoorDash

In other news, Director Andy Fang sold 50,000 shares of the business's stock in a transaction that occurred on Thursday, August 7th. The stock was sold at an average price of $275.74, for a total transaction of $13,787,000.00. Following the completion of the transaction, the director directly owned 22,545 shares in the company, valued at approximately $6,216,558.30. The trade was a 68.92% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Stanley Tang sold 45,410 shares of the business's stock in a transaction that occurred on Tuesday, July 1st. The stock was sold at an average price of $240.69, for a total value of $10,929,732.90. Following the transaction, the director owned 26,070 shares of the company's stock, valued at approximately $6,274,788.30. This represents a 63.53% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 905,179 shares of company stock worth $217,357,737. Company insiders own 5.83% of the company's stock.

DoorDash Company 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.