Deltec Asset Management LLC Grows Position in DoorDash, Inc. $DASH

Deltec Asset Management LLC raised its stake in shares of DoorDash, Inc. (NASDAQ:DASH) by 536.0% in the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 63,600 shares of the company’s stock after purchasing an additional 53,600 shares during the period. DoorDash accounts for about 1.8% of Deltec Asset Management LLC’s investment portfolio, making the stock its 14th biggest holding. Deltec Asset Management LLC’s holdings in DoorDash were worth $9,550,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently made changes to their positions in DASH. Intech Investment Management LLC raised its stake in DoorDash by 707.8% during the 4th quarter. Intech Investment Management LLC now owns 253,348 shares of the company’s stock worth $57,378,000 after acquiring an additional 221,985 shares during the period. Vaughan Nelson Investment Management L.P. bought a new stake in DoorDash during the fourth quarter valued at about $41,712,000. Nomura Asset Management Co. Ltd. lifted its position in shares of DoorDash by 9.1% in the fourth quarter. Nomura Asset Management Co. Ltd. now owns 156,960 shares of the company’s stock valued at $35,548,000 after acquiring an additional 13,121 shares in the last quarter. Jefferies Financial Group Inc. lifted its position in shares of DoorDash by 136.6% in the third quarter. Jefferies Financial Group Inc. now owns 42,355 shares of the company’s stock valued at $11,520,000 after acquiring an additional 24,454 shares in the last quarter. Finally, Brighton Jones LLC boosted its stake in shares of DoorDash by 24.0% in the fourth quarter. Brighton Jones LLC now owns 9,336 shares of the company’s stock worth $1,566,000 after acquiring an additional 1,807 shares during the period. Institutional investors own 90.64% of the company’s stock.

Insider Buying and Selling at DoorDash

In related news, insider Keith Yandell sold 2,643 shares of DoorDash stock in a transaction dated Tuesday, May 26th. The stock was sold at an average price of $155.34, for a total value of $410,563.62. Following the completion of the sale, the insider directly owned 81,106 shares in the company, valued at $12,599,006.04. The trade was a 3.16% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Shona L. Brown sold 582 shares of the company’s stock in a transaction dated Friday, June 26th. The stock was sold at an average price of $177.06, for a total transaction of $103,048.92. Following the completion of the sale, the director directly owned 31,156 shares of the company’s stock, valued at approximately $5,516,481.36. This trade represents a 1.83% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders sold 42,707 shares of company stock valued at $7,113,039. 5.83% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

DASH has been the topic of a number of research reports. Piper Sandler reduced their price target on shares of DoorDash from $220.00 to $205.00 and set a “neutral” rating on the stock in a report on Thursday, May 7th. Stifel Nicolaus cut their price objective on DoorDash from $215.00 to $185.00 and set a “hold” rating for the company in a research report on Monday, April 13th. Truist Financial reduced their target price on DoorDash from $340.00 to $330.00 and set a “buy” rating on the stock in a report on Thursday, May 7th. Moffett Nathanson set a $276.00 price target on shares of DoorDash in a research note on Wednesday, April 15th. Finally, UBS Group increased their price objective on shares of DoorDash from $206.00 to $214.00 and gave the company a “neutral” rating in a research report on Thursday, May 7th. Two research analysts have rated the stock with a Strong Buy rating, twenty-five have given a Buy rating and nine have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, DoorDash presently has an average rating of “Moderate Buy” and a consensus price target of $256.11.

DoorDash Trading Up 2.4%

Shares of NASDAQ DASH opened at $188.87 on Thursday. DoorDash, Inc. has a fifty-two week low of $143.30 and a fifty-two week high of $285.50. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.43 and a current ratio of 1.43. The company has a market cap of $82.29 billion, a price-to-earnings ratio of 89.94 and a beta of 1.78. The business’s 50 day moving average price is $165.60 and its 200-day moving average price is $180.72.

DoorDash (NASDAQ:DASH) last issued its earnings results on Wednesday, May 6th. The company reported $0.42 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.36 by $0.06. The firm had revenue of $4.04 billion during the quarter, compared to analyst estimates of $4.15 billion. DoorDash had a net margin of 6.29% and a return on equity of 9.58%. The business’s revenue was up 33.1% on a year-over-year basis. During the same period in the previous year, the firm earned $0.44 earnings per share. On average, sell-side analysts expect that DoorDash, Inc. will post 2.41 earnings per share 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.