TD Waterhouse Canada Inc. Has $242,000 Stock Position in DoorDash, Inc. $DASH

Key Points

• TD Waterhouse Canada cut its DoorDash stake by 86.1% in Q4, selling 6,593 shares and leaving 1,068 shares valued at about $242,000.
• Insider selling has been heavy recently — 89,406 shares worth $16.64M were sold over the last 90 days, including Director Stanley Tang’s 21,433-share sale under a Rule 10b5-1 plan; insiders now own 5.83% of the stock.
• Wall Street’s consensus is a “Moderate Buy” with an average target of $261.32 while DoorDash trades near $176.78 after a recent quarterly EPS miss ($0.48 vs. $0.58) and slightly below‑estimate revenue.

TD Waterhouse Canada Inc. reduced its holdings in DoorDash, Inc. (NASDAQ:DASH - Free Report) by 86.1% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 1,068 shares of the company's stock after selling 6,593 shares during the quarter. TD Waterhouse Canada Inc.'s holdings in DoorDash were worth $242,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. American Century Companies Inc. increased its position in shares of DoorDash by 5.0% during the third quarter. American Century Companies Inc. now owns 485,088 shares of the company's stock worth $131,941,000 after buying an additional 22,944 shares during the period. Caprock Group LLC acquired a new stake in shares of DoorDash during the third quarter worth $3,169,000. Vaughan Nelson Investment Management L.P. acquired a new stake in shares of DoorDash during the fourth quarter worth $41,712,000. Mitsubishi UFJ Asset Management Co. Ltd. increased its position in shares of DoorDash by 7.1% during the third quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 806,191 shares of the company's stock worth $219,276,000 after buying an additional 53,722 shares during the period. Finally, Jefferies Financial Group Inc. increased its position in shares of DoorDash by 136.6% during the third quarter. Jefferies Financial Group Inc. now owns 42,355 shares of the company's stock worth $11,520,000 after buying an additional 24,454 shares during the period. 90.64% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other DoorDash news, Director Stanley Tang sold 21,433 shares of the firm's stock in a transaction on Thursday, April 2nd. The shares were sold at an average price of $150.00, for a total value of $3,214,950.00. Following the completion of the sale, the director directly owned 19,279 shares in the company, valued at approximately $2,891,850. This trade represents a 52.65% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Shona L. Brown sold 1,250 shares of the firm's stock in a transaction on Monday, March 9th. The shares were sold at an average price of $176.61, for a total transaction of $220,762.50. Following the completion of the transaction, the director directly owned 31,002 shares in the company, valued at $5,475,263.22. This trade represents a 3.88% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 89,406 shares of company stock worth $16,639,624. 5.83% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the stock. The Goldman Sachs Group set a $267.00 price objective on shares of DoorDash in a research report on Monday, February 2nd. Piper Sandler reiterated a "neutral" rating and set a $220.00 price objective (down from $230.00) on shares of DoorDash in a research report on Thursday, February 19th. Evercore set a $300.00 price objective on shares of DoorDash in a research report on Thursday, February 19th. Citizens Jmp decreased their price objective on shares of DoorDash from $285.00 to $250.00 and set a "market outperform" rating for the company in a research report on Friday, February 20th. Finally, Moffett Nathanson set a $276.00 price target on shares of DoorDash in a report on Wednesday, April 15th. One analyst has rated the stock with a Strong Buy rating, twenty-five have assigned a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $261.32.

DoorDash Stock Performance

NASDAQ:DASH opened at $176.78 on Monday. The company has a current ratio of 1.41, a quick ratio of 1.41 and a debt-to-equity ratio of 0.27. The stock has a market capitalization of $76.80 billion, a price-to-earnings ratio of 83.39 and a beta of 1.93. The firm has a fifty day simple moving average of $166.77 and a two-hundred day simple moving average of $201.92. DoorDash, Inc. has a 12 month low of $143.30 and a 12 month high of $285.50.

DoorDash (NASDAQ:DASH - Get Free Report) last posted its quarterly earnings results on Wednesday, February 18th. The company reported $0.48 EPS for the quarter, missing analysts' consensus estimates of $0.58 by ($0.10). The company had revenue of $3.96 billion during the quarter, compared to analyst estimates of $3.98 billion. DoorDash had a return on equity of 10.15% and a net margin of 6.82%.The company's revenue for the quarter was up 37.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.33 earnings per share. Analysts expect that DoorDash, Inc. will post 2.51 EPS for the current fiscal year.

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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