DoorDash, Inc. $DASH Shares Bought by UniSuper Management Pty Ltd

Key Points

• UniSuper Management Pty Ltd significantly increased its stake in DoorDash, Inc. by 342.5% during the first quarter, holding 26,105 shares valued at approximately $4.77 million.
• DoorDash reported an earnings per share (EPS) of $0.65 for the last quarter, exceeding analyst estimates by $0.23, alongside a revenue of $3.28 billion, which was higher than expectations.
• A recent insider transaction saw DoorDash's Director Stanley Tang sell 45,410 shares at an average price of $240.69, reducing his share ownership by 63.53%.

UniSuper Management Pty Ltd raised its holdings in DoorDash, Inc. (NASDAQ:DASH - Free Report) by 342.5% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 26,105 shares of the company's stock after purchasing an additional 20,205 shares during the period. UniSuper Management Pty Ltd's holdings in DoorDash were worth $4,771,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Shellback Capital LP boosted its stake in shares of DoorDash by 60.0% in the first quarter. Shellback Capital LP now owns 80,000 shares of the company's stock worth $14,622,000 after acquiring an additional 30,000 shares during the last quarter. Pacific Center for Financial Services acquired a new stake in shares of DoorDash in the first quarter worth approximately $27,000. Parkwood LLC boosted its stake in shares of DoorDash by 71.4% in the first quarter. Parkwood LLC now owns 95,293 shares of the company's stock worth $17,417,000 after acquiring an additional 39,712 shares during the last quarter. Nissay Asset Management Corp Japan ADV boosted its stake in shares of DoorDash by 18.7% in the first quarter. Nissay Asset Management Corp Japan ADV now owns 90,842 shares of the company's stock worth $16,603,000 after acquiring an additional 14,284 shares during the last quarter. Finally, NewEdge Advisors LLC boosted its stake in shares of DoorDash by 152.5% in the first quarter. NewEdge Advisors LLC now owns 15,320 shares of the company's stock worth $2,800,000 after acquiring an additional 9,252 shares during the last quarter. 90.64% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on DASH shares. Piper Sandler lifted their price target on DoorDash from $210.00 to $290.00 and gave the stock a "neutral" rating in a research note on Thursday, August 7th. Wedbush reaffirmed a "neutral" rating on shares of DoorDash in a research note on Friday, August 8th. Wall Street Zen raised DoorDash from a "hold" rating to a "buy" rating in a research note on Saturday, July 26th. Cantor Fitzgerald reaffirmed an "overweight" rating and issued a $260.00 price target (up from $210.00) on shares of DoorDash in a research note on Wednesday, June 25th. Finally, DA Davidson boosted their price objective on DoorDash from $190.00 to $260.00 and gave the stock a "neutral" rating in a research note on Wednesday. One 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. According to MarketBeat, DoorDash has an average rating of "Moderate Buy" and a consensus price target of $266.71.

DoorDash Trading Down 0.8%

NASDAQ:DASH traded down $2.21 on Friday, reaching $257.98. The company's stock had a trading volume of 2,215,785 shares, compared to its average volume of 4,561,936. DoorDash, Inc. has a 12-month low of $126.90 and a 12-month high of $278.15. The company has a quick ratio of 2.07, a current ratio of 2.07 and a debt-to-equity ratio of 0.30. The firm has a market cap of $110.21 billion, a price-to-earnings ratio of 143.32 and a beta of 1.70. The stock has a 50 day moving average price of $247.83 and a 200 day moving average price of $215.48.

DoorDash (NASDAQ:DASH - Get Free Report) last posted its earnings results on Wednesday, August 6th. The company reported $0.65 EPS for the quarter, beating 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 company had revenue of $3.28 billion for the quarter, compared to the consensus estimate of $3.16 billion. During the same quarter in the previous year, the business earned ($0.38) earnings per share. The company's revenue for the quarter was up 24.9% on a year-over-year basis. On average, equities analysts anticipate that DoorDash, Inc. will post 2.22 EPS for the current fiscal year.

Insider Buying and Selling

In other DoorDash news, Director Andy Fang sold 50,000 shares of the business's stock in a transaction that occurred on Thursday, August 7th. The shares were 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 owned 22,545 shares in the company, valued at $6,216,558.30. The trade was a 68.92% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Tony Xu sold 291,403 shares of the company's stock in a transaction dated Wednesday, August 20th. The stock was sold at an average price of $238.19, for a total value of $69,409,280.57. Following the transaction, the chief executive officer directly owned 229,047 shares of the company's stock, valued at approximately $54,556,704.93. This represents a 55.99% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 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.

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.