Swedbank AB Buys 13,794 Shares of DoorDash, Inc. $DASH

Key Points

• Swedbank AB increased its stake in DoorDash, purchasing an additional 13,794 shares, bringing its total holdings to 184,849 shares valued at approximately $33.8 million.
• DoorDash stock has shown volatility, currently at $257.98, having a 12-month low of $126.90 and a high of $278.15.
• Recent earnings data revealed DoorDash's EPS at $0.65, exceeding estimates, with revenue of $3.28 billion, a 24.9% increase from the previous year.

Swedbank AB increased its stake in shares of DoorDash, Inc. (NASDAQ:DASH - Free Report) by 8.1% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 184,849 shares of the company's stock after buying an additional 13,794 shares during the quarter. Swedbank AB's holdings in DoorDash were worth $33,785,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Saudi Central Bank acquired a new stake in DoorDash during the 1st quarter valued at $25,000. WPG Advisers LLC acquired a new stake in DoorDash during the 1st quarter valued at $26,000. Pacific Center for Financial Services acquired a new stake in DoorDash during the 1st quarter valued at $27,000. Harbour Investments Inc. increased its holdings in DoorDash by 55.6% during the 1st quarter. Harbour Investments Inc. now owns 196 shares of the company's stock valued at $36,000 after purchasing an additional 70 shares in the last quarter. Finally, SouthState Corp increased its holdings in DoorDash by 762.5% during the 1st quarter. SouthState Corp now owns 207 shares of the company's stock valued at $38,000 after purchasing an additional 183 shares in the last quarter. 90.64% of the stock is owned by institutional investors and hedge funds.

DoorDash Stock Down 0.8%

Shares of DoorDash stock opened at $257.98 on Friday. The company has a quick ratio of 2.07, a current ratio of 2.07 and a debt-to-equity ratio of 0.30. DoorDash, Inc. has a 12 month low of $126.90 and a 12 month high of $278.15. The business has a fifty day simple moving average of $248.21 and a 200 day simple moving average of $216.06. The stock has a market cap of $110.21 billion, a PE ratio of 143.32 and a beta of 1.70.

DoorDash (NASDAQ:DASH - Get Free Report) last announced its quarterly earnings data 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 return on equity of 9.56% and a net margin of 6.57%.The business had revenue of $3.28 billion during the quarter, compared to analysts' expectations of $3.16 billion. During the same period in the previous year, the firm earned ($0.38) earnings per share. The firm's quarterly revenue was up 24.9% compared to the same quarter last year. Research analysts predict that DoorDash, Inc. will post 2.22 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the company. Jefferies Financial Group raised their price target on DoorDash from $250.00 to $265.00 and gave the company a "hold" rating in a report on Monday, August 11th. Benchmark lifted their target price on DoorDash from $260.00 to $315.00 and gave the company a "buy" rating in a research note on Thursday, August 7th. Raymond James Financial reissued a "strong-buy" rating and issued a $325.00 target price (up from $275.00) on shares of DoorDash in a research note on Thursday, August 7th. BMO Capital Markets lifted their target price on DoorDash from $238.00 to $288.00 and gave the company an "outperform" rating in a research note on Thursday, August 7th. Finally, Piper Sandler lifted their target price on DoorDash from $210.00 to $290.00 and gave the company a "neutral" rating in a research note on Thursday, August 7th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating and thirteen have issued a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $266.71.

Insider Buying and Selling at DoorDash

In other DoorDash news, Director Andy Fang sold 30,000 shares of DoorDash stock in a transaction dated Tuesday, September 2nd. The stock was sold at an average price of $243.32, for a total transaction of $7,299,600.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, General Counsel Tia Sherringham sold 2,924 shares of DoorDash stock in a transaction dated Wednesday, September 3rd. The stock was sold at an average price of $250.00, for a total value of $731,000.00. Following the transaction, the general counsel owned 112,782 shares in the company, valued at approximately $28,195,500. This represents a 2.53% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 1,019,042 shares of company stock valued at $248,122,219 over the last quarter. 5.83% of the stock is owned by corporate insiders.

About DoorDash

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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