OVERSEA CHINESE BANKING Corp Ltd Buys Shares of 3,193 DoorDash, Inc. $DASH

OVERSEA CHINESE BANKING Corp Ltd purchased a new stake in DoorDash, Inc. (NASDAQ:DASH) during the fourth quarter, according to its most recent filing with the SEC. The firm purchased 3,193 shares of the company’s stock, valued at approximately $723,000.

A number of other institutional investors and hedge funds have also made changes to their positions in DASH. Physician Wealth Advisors Inc. grew its stake in DoorDash by 284.0% during the 3rd quarter. Physician Wealth Advisors Inc. now owns 96 shares of the company’s stock worth $26,000 after buying an additional 71 shares during the last quarter. Eastern Bank grew its stake in DoorDash by 714.3% during the 4th quarter. Eastern Bank now owns 114 shares of the company’s stock worth $26,000 after buying an additional 100 shares during the last quarter. Sunbelt Securities Inc. grew its stake in DoorDash by 124.1% during the 3rd quarter. Sunbelt Securities Inc. now owns 121 shares of the company’s stock worth $33,000 after buying an additional 67 shares during the last quarter. Morse Asset Management Inc purchased a new position in DoorDash during the 3rd quarter worth $36,000. Finally, Sound Income Strategies LLC grew its stake in DoorDash by 2,760.0% during the 3rd quarter. Sound Income Strategies LLC now owns 143 shares of the company’s stock worth $39,000 after buying an additional 138 shares during the last quarter. 90.64% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts recently weighed in on the company. Moffett Nathanson set a $276.00 target price on DoorDash in a research note on Wednesday, April 15th. Morgan Stanley restated an “overweight” rating and set a $275.00 target price on shares of DoorDash in a research note on Thursday, February 19th. Guggenheim dropped their target price on DoorDash from $275.00 to $255.00 and set a “buy” rating on the stock in a research note on Thursday, February 19th. Needham & Company LLC dropped their target price on DoorDash from $275.00 to $265.00 and set a “buy” rating on the stock in a research note on Thursday, February 19th. Finally, Zacks Research downgraded DoorDash from a “hold” rating to a “strong sell” rating in a research note on Monday, April 13th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-five have issued a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, DoorDash currently has a consensus rating of “Moderate Buy” and a consensus price target of $261.32.

DoorDash Stock Performance

Shares of DASH opened at $182.27 on Thursday. The stock has a 50-day moving average of $166.12 and a two-hundred day moving average of $203.90. DoorDash, Inc. has a one year low of $143.30 and a one year high of $285.50. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.41 and a current ratio of 1.41. The stock has a market cap of $79.18 billion, a P/E ratio of 85.98 and a beta of 1.93.

DoorDash (NASDAQ:DASH) last issued its quarterly earnings results on Wednesday, February 18th. The company reported $0.48 EPS for the quarter, missing analysts’ consensus estimates of $0.58 by ($0.10). DoorDash had a return on equity of 10.15% and a net margin of 6.82%.The firm had revenue of $3.96 billion for the quarter, compared to analyst estimates of $3.98 billion. During the same period in the prior year, the firm posted $0.33 EPS. The business’s revenue was up 37.7% compared to the same quarter last year. As a group, research analysts predict that DoorDash, Inc. will post 2.51 EPS for the current year.

Insiders Place Their Bets

In other DoorDash news, COO Prabir Adarkar sold 10,000 shares of DoorDash stock in a transaction dated Monday, April 20th. The stock was sold at an average price of $188.34, for a total transaction of $1,883,400.00. Following the completion of the sale, the chief operating officer owned 843,678 shares of the company’s stock, valued at approximately $158,898,314.52. The trade was a 1.17% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Shona L. Brown sold 1,250 shares of the business’s stock in a transaction dated Monday, March 9th. The shares were sold at an average price of $176.61, for a total value of $220,762.50. Following the completion of the transaction, the director directly owned 31,002 shares of the company’s stock, valued at approximately $5,475,263.22. This trade represents a 3.88% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 89,406 shares of company stock valued at $16,639,624. 5.83% of the stock is owned by company insiders.

About DoorDash

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.