SBI Securities Co. Ltd. Has $231,000 Stock Position in DoorDash, Inc. $DASH

SBI Securities Co. Ltd. lifted its holdings in DoorDash, Inc. (NASDAQ:DASH) by 49.9% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 937 shares of the company’s stock after acquiring an additional 312 shares during the period. SBI Securities Co. Ltd.’s holdings in DoorDash were worth $231,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of the business. Night Squared LP acquired a new position in DoorDash during the 1st quarter worth approximately $2,780,000. Public Investment Fund grew its stake in shares of DoorDash by 68.3% during the first quarter. Public Investment Fund now owns 821,389 shares of the company’s stock worth $150,125,000 after buying an additional 333,369 shares during the last quarter. Mutual of America Capital Management LLC acquired a new position in shares of DoorDash during the first quarter worth $7,200,000. Ardmore Road Asset Management LP increased its holdings in shares of DoorDash by 6.7% during the first quarter. Ardmore Road Asset Management LP now owns 80,000 shares of the company’s stock worth $14,622,000 after buying an additional 5,000 shares in the last quarter. Finally, Junto Capital Management LP bought a new position in shares of DoorDash in the 1st quarter valued at $29,261,000. 90.64% of the stock is owned by institutional investors.

Insider Activity

In other news, Director Andy Fang sold 30,000 shares of the business’s stock in a transaction dated Tuesday, September 2nd. The stock was sold at an average price of $243.32, for a total value of $7,299,600.00. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Tony Xu sold 291,403 shares of the company’s stock in a transaction dated Wednesday, August 20th. The shares were sold at an average price of $238.19, for a total value of $69,409,280.57. Following the sale, the chief executive officer 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 791,110 shares of company stock worth $196,549,692 over the last ninety days. Corporate insiders own 5.83% of the company’s stock.

DoorDash Stock Performance

Shares of DASH stock opened at $206.96 on Friday. The business’s 50 day simple moving average is $254.14 and its 200 day simple moving average is $238.14. DoorDash, Inc. has a one year low of $155.40 and a one year high of $285.50. The stock has a market capitalization of $89.20 billion, a PE ratio of 105.06 and a beta of 1.70. The company has a debt-to-equity ratio of 0.29, a current ratio of 2.04 and a quick ratio of 2.04.

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

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on DASH. Wall Street Zen lowered DoorDash from a “buy” rating to a “hold” rating in a research report on Saturday, November 1st. Barclays cut their price target on DoorDash from $272.00 to $238.00 and set an “equal weight” rating on the stock in a research note on Thursday, November 6th. Sanford C. Bernstein boosted their price target on DoorDash from $210.00 to $265.00 and gave the stock an “outperform” rating in a report on Monday, July 21st. Jefferies Financial Group raised their price objective on shares of DoorDash from $265.00 to $280.00 and gave the company a “hold” rating in a report on Friday, October 17th. Finally, DA Davidson reissued a “neutral” rating and set a $260.00 target price on shares of DoorDash in a report on Thursday, November 6th. Two research analysts have rated the stock with a Strong Buy rating, twenty-four have issued a Buy rating and eleven have assigned a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $279.00.

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.