Banco Bilbao Vizcaya Argentaria S.A. Sells 478 Shares of DoorDash, Inc. $DASH

Banco Bilbao Vizcaya Argentaria S.A. trimmed its stake in DoorDash, Inc. (NASDAQ:DASH) by 0.7% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 63,973 shares of the company’s stock after selling 478 shares during the period. Banco Bilbao Vizcaya Argentaria S.A.’s holdings in DoorDash were worth $15,758,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently bought and sold shares of DASH. Vanguard Group Inc. grew its holdings in DoorDash by 25.8% during the first quarter. Vanguard Group Inc. now owns 39,397,286 shares of the company’s stock valued at $7,200,642,000 after purchasing an additional 8,073,882 shares during the period. Geode Capital Management LLC lifted its position in shares of DoorDash by 2.9% during the 2nd quarter. Geode Capital Management LLC now owns 7,951,230 shares of the company’s stock valued at $1,950,711,000 after buying an additional 223,188 shares in the last quarter. Price T Rowe Associates Inc. MD grew its stake in shares of DoorDash by 15.0% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 4,907,970 shares of the company’s stock valued at $897,031,000 after acquiring an additional 641,601 shares during the period. Invesco Ltd. increased its holdings in DoorDash by 41.9% in the 1st quarter. Invesco Ltd. now owns 4,799,851 shares of the company’s stock worth $877,269,000 after acquiring an additional 1,416,194 shares in the last quarter. Finally, Northern Trust Corp raised its stake in DoorDash by 38.2% during the 1st quarter. Northern Trust Corp now owns 3,309,237 shares of the company’s stock worth $604,829,000 after acquiring an additional 915,512 shares during the period. 90.64% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at DoorDash

In other DoorDash news, COO Prabir Adarkar sold 41,881 shares of the firm’s stock in a transaction that occurred on Monday, August 25th. The stock was sold at an average price of $245.82, for a total transaction of $10,295,187.42. Following the completion of the transaction, the chief operating officer owned 914,547 shares in the company, valued at $224,813,943.54. This trade represents a 4.38% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CEO Tony Xu sold 291,403 shares of DoorDash stock in a transaction that occurred on 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 completion of the sale, the chief executive officer directly owned 229,047 shares in the company, valued at approximately $54,556,704.93. The trade was a 55.99% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 791,110 shares of company stock valued at $196,549,692 in the last ninety days. Corporate insiders own 5.83% of the company’s stock.

Wall Street Analyst Weigh In

DASH has been the subject of a number of recent analyst reports. Citigroup reiterated an “outperform” rating on shares of DoorDash in a research report on Thursday, August 7th. Morgan Stanley lifted their target price on shares of DoorDash from $300.00 to $330.00 and gave the company an “overweight” rating in a research note on Monday, October 20th. Sanford C. Bernstein upped their target price on shares of DoorDash from $210.00 to $265.00 and gave the stock an “outperform” rating in a report on Monday, July 21st. Zacks Research lowered DoorDash from a “strong-buy” rating to a “hold” rating in a research note on Monday, November 10th. Finally, JPMorgan Chase & Co. lowered their price objective on DoorDash from $325.00 to $300.00 and set an “overweight” rating on the stock in a research report on Thursday, November 6th. Two research analysts have rated the stock with a Strong Buy rating, twenty-four have given a Buy rating and eleven have given a Hold rating to the stock. According to data from MarketBeat, DoorDash presently has a consensus rating of “Moderate Buy” and an average price target of $279.00.

DoorDash Stock Performance

Shares of NASDAQ DASH opened at $206.96 on Friday. The company has a market cap of $89.20 billion, a P/E ratio of 105.06 and a beta of 1.70. DoorDash, Inc. has a 52-week low of $155.40 and a 52-week high of $285.50. The company has a debt-to-equity ratio of 0.29, a quick ratio of 2.04 and a current ratio of 2.04. The firm’s fifty day moving average is $254.14 and its two-hundred day moving average is $237.81.

DoorDash (NASDAQ:DASH) last released its quarterly earnings data on Wednesday, November 5th. The company reported $0.55 EPS for the quarter, missing the consensus estimate of $0.68 by ($0.13). The company had revenue of $3.45 billion for the quarter, compared to the consensus estimate of $3.35 billion. DoorDash had a net margin of 6.83% and a return on equity of 9.97%. The firm’s revenue for the quarter was up 27.3% on a year-over-year basis. During the same period last year, the company earned $0.38 EPS. As a group, analysts anticipate that DoorDash, Inc. will post 2.22 EPS for the current fiscal year.

DoorDash 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.