National Pension Service Grows Position in DoorDash, Inc. $DASH

National Pension Service grew its position in DoorDash, Inc. (NASDAQ:DASH) by 1.1% during the third quarter, HoldingsChannel.com reports. The fund owned 694,111 shares of the company’s stock after acquiring an additional 7,655 shares during the quarter. National Pension Service’s holdings in DoorDash were worth $188,791,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. GFG Capital LLC bought a new stake in DoorDash in the second quarter worth $30,000. Sound Income Strategies LLC lifted its position in DoorDash by 2,760.0% during the third quarter. Sound Income Strategies LLC now owns 143 shares of the company’s stock valued at $39,000 after purchasing an additional 138 shares during the last quarter. Annis Gardner Whiting Capital Advisors LLC grew its stake in shares of DoorDash by 74.3% in the 3rd quarter. Annis Gardner Whiting Capital Advisors LLC now owns 176 shares of the company’s stock worth $48,000 after buying an additional 75 shares in the last quarter. Asset Planning Inc bought a new stake in shares of DoorDash in the 3rd quarter worth about $50,000. Finally, NewSquare Capital LLC increased its holdings in shares of DoorDash by 610.3% in the 2nd quarter. NewSquare Capital LLC now owns 206 shares of the company’s stock worth $51,000 after buying an additional 177 shares during the last quarter. 90.64% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

DASH has been the subject of a number of analyst reports. Needham & Company LLC lowered their price target on shares of DoorDash from $300.00 to $275.00 and set a “buy” rating for the company in a report on Friday, November 14th. The Goldman Sachs Group lowered their price objective on DoorDash from $315.00 to $279.00 and set a “buy” rating for the company in a research note on Friday, November 7th. Susquehanna cut their target price on DoorDash from $300.00 to $250.00 and set a “positive” rating on the stock in a research report on Friday, November 7th. Guggenheim decreased their price target on DoorDash from $280.00 to $275.00 and set a “buy” rating on the stock in a report on Thursday. Finally, KeyCorp dropped their price objective on shares of DoorDash from $280.00 to $275.00 and set an “overweight” rating for the company in a research note on Tuesday, January 20th. Three analysts have rated the stock with a Strong Buy rating, twenty-five have given a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, DoorDash has an average rating of “Moderate Buy” and a consensus price target of $280.29.

Insider Buying and Selling

In other DoorDash news, Director Stanley Tang sold 45,410 shares of the company’s stock in a transaction dated Monday, December 1st. The shares were sold at an average price of $205.07, for a total value of $9,312,228.70. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Alfred Lin bought 389,047 shares of DoorDash stock in a transaction dated Tuesday, November 25th. The shares were bought at an average cost of $193.81 per share, for a total transaction of $75,401,199.07. Following the completion of the transaction, the director owned 389,047 shares of the company’s stock, valued at approximately $75,401,199.07. This trade represents a ∞ increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have sold a total of 632,885 shares of company stock worth $133,222,817 over the last ninety days. 5.83% of the stock is owned by insiders.

DoorDash Price Performance

DASH opened at $204.62 on Friday. The business has a fifty day moving average of $217.75 and a 200 day moving average of $237.99. The stock has a market cap of $88.19 billion, a P/E ratio of 103.87 and a beta of 1.70. The company has a quick ratio of 2.04, a current ratio of 2.04 and a debt-to-equity ratio of 0.29. DoorDash, Inc. has a 52-week low of $155.40 and a 52-week high of $285.50.

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

DoorDash Company Profile

DoorDash, Inc operates a technology-driven logistics and food-delivery marketplace that connects consumers, merchants and independent delivery contractors. The company’s core service enables customers to order from local restaurants and retailers through its app and website while DoorDash handles last-mile fulfillment via its network of drivers, known as “Dashers.” Over time the platform has broadened beyond restaurant deliveries to include groceries, convenience items and retail deliveries, positioning DoorDash as a broader on-demand logistics provider for consumer goods.

In addition to its marketplace, DoorDash offers a suite of products and services for consumers and businesses.