DoorDash, Inc. (NASDAQ:DASH) Shares Purchased by National Pension Service

National Pension Service raised its stake in DoorDash, Inc. (NASDAQ:DASH) by 12.5% during the third quarter, HoldingsChannel reports. The institutional investor owned 430,249 shares of the company’s stock after purchasing an additional 47,893 shares during the quarter. National Pension Service’s holdings in DoorDash were worth $61,409,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Brighton Jones LLC grew its stake in shares of DoorDash by 0.8% in the second quarter. Brighton Jones LLC now owns 10,317 shares of the company’s stock valued at $1,122,000 after buying an additional 82 shares in the last quarter. Everhart Financial Group Inc. grew its holdings in shares of DoorDash by 3.1% in the second quarter. Everhart Financial Group Inc. now owns 3,267 shares of the company’s stock valued at $355,000 after purchasing an additional 99 shares in the last quarter. E Fund Management Co. Ltd. lifted its holdings in DoorDash by 3.5% during the 2nd quarter. E Fund Management Co. Ltd. now owns 3,263 shares of the company’s stock worth $355,000 after buying an additional 111 shares in the last quarter. SJS Investment Consulting Inc. lifted its holdings in DoorDash by 21.0% during the 2nd quarter. SJS Investment Consulting Inc. now owns 673 shares of the company’s stock worth $73,000 after buying an additional 117 shares in the last quarter. Finally, Meeder Advisory Services Inc. boosted its position in DoorDash by 4.4% in the 1st quarter. Meeder Advisory Services Inc. now owns 3,006 shares of the company’s stock valued at $414,000 after buying an additional 126 shares during the period. 90.64% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

DASH has been the subject of a number of recent research reports. Susquehanna lifted their target price on DoorDash from $140.00 to $180.00 and gave the company a “positive” rating in a report on Friday, November 1st. Wolfe Research assumed coverage on DoorDash in a research report on Tuesday, July 16th. They set an “outperform” rating and a $130.00 price objective for the company. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $160.00 target price on shares of DoorDash in a report on Monday, October 7th. Benchmark boosted their price target on shares of DoorDash from $152.00 to $173.00 and gave the stock a “buy” rating in a report on Thursday, October 17th. Finally, Mizuho raised their price objective on shares of DoorDash from $162.00 to $173.00 and gave the company an “outperform” rating in a report on Thursday, October 24th. Ten investment analysts have rated the stock with a hold rating and twenty-four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $163.12.

Insider Activity

In other DoorDash news, CEO Tony Xu sold 54,166 shares of the stock in a transaction on Monday, September 23rd. The stock was sold at an average price of $140.06, for a total value of $7,586,489.96. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, CFO Ravi Inukonda sold 7,000 shares of DoorDash stock in a transaction on Friday, August 30th. The stock was sold at an average price of $127.86, for a total transaction of $895,020.00. Following the completion of the transaction, the chief financial officer now directly owns 396,152 shares of the company’s stock, valued at approximately $50,651,994.72. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO Tony Xu sold 54,166 shares of the company’s stock in a transaction on Monday, September 23rd. The shares were sold at an average price of $140.06, for a total value of $7,586,489.96. The disclosure for this sale can be found here. Insiders sold 324,539 shares of company stock valued at $46,439,330 in the last three months. 7.92% of the stock is currently owned by company insiders.

DoorDash Trading Up 1.4 %

Shares of DASH stock opened at $159.46 on Wednesday. The business’s 50 day moving average is $140.97 and its two-hundred day moving average is $124.29. DoorDash, Inc. has a twelve month low of $83.58 and a twelve month high of $165.07. The company has a market capitalization of $65.62 billion, a P/E ratio of -354.36, a price-to-earnings-growth ratio of 18.08 and a beta of 1.67.

DoorDash (NASDAQ:DASH) last issued its earnings results on Wednesday, October 30th. The company reported $0.38 earnings per share for the quarter, beating the consensus estimate of $0.21 by $0.17. The business had revenue of $2.71 billion for the quarter, compared to the consensus estimate of $2.66 billion. DoorDash had a negative net margin of 1.69% and a negative return on equity of 2.41%. The business’s quarterly revenue was up 25.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($0.19) earnings per share. As a group, equities analysts predict that DoorDash, Inc. will post 0.17 earnings per share for the current fiscal year.

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.