DoorDash, Inc. $DASH Shares Sold by Temasek Holdings Private Ltd

Key Points

• Temasek Holdings has reduced its stake in DoorDash by 25.0%, selling over 1.2 million shares, and now holds about 3.65 million shares, which represents 2.7% of its portfolio.
• Insiders at DoorDash have sold a significant volume of stock, with 1,019,042 shares worth $248 million sold in the last quarter.
• DoorDash's stock performance includes a reported $3.28 billion in revenue for the last quarter, exceeding estimates, with earnings per share (EPS) of $0.65, up from a loss of ($0.38) the previous year.

Temasek Holdings Private Ltd cut its stake in DoorDash, Inc. (NASDAQ:DASH - Free Report) by 25.0% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,649,598 shares of the company's stock after selling 1,216,533 shares during the period. DoorDash makes up about 2.7% of Temasek Holdings Private Ltd's portfolio, making the stock its 12th biggest holding. Temasek Holdings Private Ltd owned approximately 0.87% of DoorDash worth $667,037,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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

Insiders Place Their Bets

In other DoorDash news, General Counsel Tia Sherringham sold 2,924 shares of the stock in a transaction on Wednesday, September 3rd. The stock was sold at an average price of $250.00, for a total transaction of $731,000.00. Following the sale, the general counsel directly owned 112,782 shares in the company, valued at approximately $28,195,500. This trade represents a 2.53% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Stanley Tang sold 45,410 shares of the business's stock in a transaction on Tuesday, September 2nd. The shares were sold at an average price of $243.31, for a total transaction of $11,048,707.10. The disclosure for this sale can be found here. In the last ninety days, insiders sold 1,019,042 shares of company stock valued at $248,122,219. Company insiders own 5.83% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the stock. Benchmark upped their price objective on shares of DoorDash from $260.00 to $315.00 and gave the stock a "buy" rating in a research report on Thursday, August 7th. Susquehanna raised their price objective on DoorDash from $235.00 to $300.00 and gave the company a "positive" rating in a report on Monday, August 11th. Wall Street Zen raised DoorDash from a "hold" rating to a "buy" rating in a report on Saturday, July 26th. BTIG Research lifted their price target on shares of DoorDash from $225.00 to $265.00 and gave the stock a "buy" rating in a report on Tuesday, July 1st. Finally, Bank of America raised 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. One equities research analyst has rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating and thirteen have given a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $266.71.

DoorDash Stock Performance

NASDAQ DASH traded up $0.90 on Wednesday, hitting $257.43. 4,441,189 shares of the stock traded hands, compared to its average volume of 4,583,237. The business's fifty day moving average is $247.03 and its two-hundred day moving average is $214.74. DoorDash, Inc. has a 12 month low of $124.47 and a 12 month high of $278.15. The firm has a market capitalization of $109.97 billion, a price-to-earnings ratio of 143.02 and a beta of 1.70. The company has a debt-to-equity ratio of 0.30, a quick ratio of 2.07 and a current ratio of 2.07.

DoorDash (NASDAQ:DASH - Get Free Report) last posted its earnings results on Wednesday, August 6th. The company reported $0.65 earnings per share for the quarter, topping analysts' consensus estimates 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%. DoorDash's revenue was up 24.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted ($0.38) EPS. As a group, equities analysts anticipate that DoorDash, Inc. will post 2.22 EPS for the current fiscal year.

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.