Swiss National Bank Buys 120,000 Shares of DoorDash, Inc. (NASDAQ:DASH)

Key Points

• The Swiss National Bank increased its stake in DoorDash by 13.8% to nearly 1 million shares, valued at approximately $180.8 million as of its latest SEC filing.
• DoorDash reported a quarterly earnings per share (EPS) of $0.65, exceeding analysts' expectations and marking a significant increase in revenue of 24.9% year-over-year.
• Institutional investors own about 90.64% of DoorDash's stock, with recent significant increases in holdings from firms like Vanguard and Goldman Sachs.

Swiss National Bank boosted its stake in DoorDash, Inc. (NASDAQ:DASH - Free Report) by 13.8% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 989,300 shares of the company's stock after acquiring an additional 120,000 shares during the quarter. Swiss National Bank owned 0.24% of DoorDash worth $180,814,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. GeoWealth Management LLC lifted its position in DoorDash by 3.7% during the 4th quarter. GeoWealth Management LLC now owns 1,428 shares of the company's stock worth $240,000 after buying an additional 51 shares in the last quarter. Harbour Investments Inc. increased its stake in shares of DoorDash by 55.6% during the 1st quarter. Harbour Investments Inc. now owns 196 shares of the company's stock worth $36,000 after purchasing an additional 70 shares during the last quarter. Coldstream Capital Management Inc. increased its stake in shares of DoorDash by 5.5% during the 4th quarter. Coldstream Capital Management Inc. now owns 1,661 shares of the company's stock worth $279,000 after purchasing an additional 86 shares during the last quarter. LVW Advisors LLC increased its stake in shares of DoorDash by 6.1% during the 1st quarter. LVW Advisors LLC now owns 1,495 shares of the company's stock worth $273,000 after purchasing an additional 86 shares during the last quarter. Finally, CVA Family Office LLC increased its stake in shares of DoorDash by 12.7% during the 1st quarter. CVA Family Office LLC now owns 774 shares of the company's stock worth $141,000 after purchasing an additional 87 shares during the last quarter. 90.64% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research analysts have recently weighed in on DASH shares. BTIG Research boosted their price objective on shares of DoorDash from $225.00 to $265.00 and gave the stock a "buy" rating in a research note on Tuesday, July 1st. Oppenheimer boosted their price objective on shares of DoorDash from $280.00 to $310.00 and gave the stock an "outperform" rating in a research note on Thursday, August 7th. Wedbush restated a "neutral" rating on shares of DoorDash in a research note on Friday. Stifel Nicolaus boosted their price objective on shares of DoorDash from $214.00 to $239.00 and gave the stock a "hold" rating in a research note on Thursday, August 7th. Finally, Citigroup restated an "outperform" rating on shares of DoorDash in a research note on Thursday, August 7th. Twelve research analysts have rated the stock with a hold rating, twenty-three have given a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $263.88.

DoorDash Price Performance

Shares of NASDAQ DASH traded up $8.23 during trading hours on Tuesday, hitting $264.32. 2,901,278 shares of the stock were exchanged, compared to its average volume of 4,781,777. The company has a debt-to-equity ratio of 0.30, a quick ratio of 2.07 and a current ratio of 2.07. The company has a market cap of $112.00 billion, a PE ratio of 146.85 and a beta of 1.70. The company's fifty day simple moving average is $236.97 and its two-hundred day simple moving average is $207.32. DoorDash, Inc. has a 1-year low of $122.32 and a 1-year high of $278.15.

DoorDash (NASDAQ:DASH - Get Free Report) last posted its quarterly earnings results 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 for the quarter, compared to analyst estimates of $3.16 billion. DoorDash had a net margin of 6.57% and a return on equity of 9.56%. The firm's revenue for the quarter was up 24.9% on a year-over-year basis. During the same quarter last year, the business posted ($0.38) EPS. On average, sell-side analysts predict that DoorDash, Inc. will post 2.22 EPS for the current year.

Insider Buying and Selling at DoorDash

In related news, Director Shona L. Brown sold 1,650 shares of the stock in a transaction that occurred on Thursday, August 7th. The shares were sold at an average price of $272.00, for a total transaction of $448,800.00. Following the sale, the director owned 41,827 shares in the company, valued at approximately $11,376,944. This trade represents a 3.80% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Tony Xu sold 4,042 shares of the stock in a transaction that occurred on Monday, July 28th. The stock was sold at an average price of $250.28, for a total transaction of $1,011,631.76. Following the sale, the chief executive officer owned 520,450 shares in the company, valued at $130,258,226. This represents a 0.77% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 635,187 shares of company stock worth $147,955,804 in the last three months. 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.