Parkside Financial Bank & Trust Has $908,000 Stock Position in DoorDash, Inc. $DASH

Parkside Financial Bank & Trust raised its stake in DoorDash, Inc. (NASDAQ:DASH) by 978.9% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 4,920 shares of the company’s stock after buying an additional 4,464 shares during the quarter. Parkside Financial Bank & Trust’s holdings in DoorDash were worth $908,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. MV Capital Management Inc. bought a new stake in shares of DoorDash during the fourth quarter worth $26,000. Washington Trust Advisors Inc. lifted its position in DoorDash by 81.0% in the 2nd quarter. Washington Trust Advisors Inc. now owns 143 shares of the company’s stock valued at $26,000 after acquiring an additional 64 shares in the last quarter. Swiss RE Ltd. bought a new stake in DoorDash in the 4th quarter valued at $28,000. Kemnay Advisory Services Inc. acquired a new position in DoorDash in the 4th quarter worth $32,000. Finally, Sunbelt Securities Inc. boosted its stake in DoorDash by 124.1% in the 3rd quarter. Sunbelt Securities Inc. now owns 121 shares of the company’s stock worth $33,000 after purchasing an additional 67 shares during the period. Institutional investors and hedge funds own 90.64% of the company’s stock.

Insider Buying and Selling at DoorDash

In related news, Director Stanley Tang sold 30,835 shares of the stock in a transaction that occurred on Wednesday, September 2nd. The stock was sold at an average price of $225.98, for a total transaction of $6,968,093.30. Following the completion of the transaction, the director directly owned 10,361 shares of the company’s stock, valued at approximately $2,341,378.78. This represents a 74.85% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Tony Xu sold 3,767 shares of the firm’s stock in a transaction that occurred on Tuesday, August 25th. The shares were sold at an average price of $230.00, for a total value of $866,410.00. Following the completion of the transaction, the chief executive officer owned 1,500 shares of the company’s stock, valued at approximately $345,000. This represents a 71.52% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 399,553 shares of company stock valued at $87,034,140 in the last ninety days. Insiders own 44.90% of the company’s stock.

DoorDash Trading Down 5.3%

Shares of NASDAQ:DASH opened at $200.44 on Wednesday. The company’s 50-day moving average price is $204.67 and its two-hundred day moving average price is $179.21. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.37 and a quick ratio of 1.37. DoorDash, Inc. has a one year low of $143.30 and a one year high of $285.50. The stock has a market capitalization of $86.85 billion, a PE ratio of 104.94 and a beta of 1.79.

DoorDash (NASDAQ:DASH) last posted its quarterly earnings data on Wednesday, August 5th. The company reported $0.46 EPS for the quarter, missing analysts’ consensus estimates of $0.47 by ($0.01). The business had revenue of $4.45 billion for the quarter, compared to analyst estimates of $4.34 billion. DoorDash had a return on equity of 8.48% and a net margin of 5.29%.The company’s quarterly revenue was up 35.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.65 earnings per share. On average, equities analysts forecast that DoorDash, Inc. will post 2.49 EPS for the current fiscal year.

Key Stories Impacting DoorDash

Here are the key news stories impacting DoorDash this week:

• Positive Sentiment: DoorDash is partnering with SKIMS to provide on-demand delivery for last-minute wardrobe needs. The arrangement expands DoorDash’s non-restaurant retail business and could increase order frequency and consumer use cases. SKIMS DoorDash partnership
• Positive Sentiment: DoorDash is promoting football-season rewards, including a large cash prize, a vehicle and other incentives. The campaign is designed to drive weekend orders and customer engagement, although the direct financial impact is uncertain. DoorDash football rewards
• Positive Sentiment: A Seeking Alpha analysis maintained a bullish view, citing 36% year-over-year second-quarter revenue growth to $4.45 billion, 23% organic marketplace GOV growth and a 40% increase in adjusted EBITDA to $914 million. The report also highlighted continued DashPass subscriber growth and margin expansion. DoorDash growth analysis
• Positive Sentiment: DoorDash Labs was named Innovation Team of the Year, providing reputational support for the company’s technology and logistics initiatives, though the award has limited near-term earnings significance. DoorDash Labs award
• Neutral Sentiment: Media coverage of an individual delivery experience and DoorDash tipping does not appear material to the company’s financial outlook. DoorDash delivery story
• Negative Sentiment: Director Andy Fang sold 15,000 DASH shares for approximately $3.42 million under a pre-arranged Rule 10b5-1 plan. Another report cited roughly $6.97 million in director stock sales. Planned transactions reduce the signal’s significance, but insider selling can weigh on sentiment, particularly while DASH trades at a high earnings multiple. DoorDash insider sale

Wall Street Analyst Weigh In

Several analysts have issued reports on DASH shares. Cantor Fitzgerald lifted their price target on DoorDash from $230.00 to $260.00 and gave the company an “overweight” rating in a research note on Thursday, August 6th. Rothschild & Co Redburn set a $350.00 price objective on DoorDash in a research report on Tuesday, May 12th. Roth Capital increased their price objective on DoorDash from $200.00 to $220.00 and gave the stock a “neutral” rating in a report on Monday, August 10th. Truist Financial lifted their target price on DoorDash from $330.00 to $336.00 and gave the company a “buy” rating in a research report on Thursday, August 6th. Finally, Wedbush lifted their target price on DoorDash from $205.00 to $220.00 and gave the company a “neutral” rating in a research report on Thursday, August 20th. One analyst has rated the stock with a Strong Buy rating, twenty-five have issued a Buy rating, eight have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, DoorDash has an average rating of “Moderate Buy” and an average target price of $256.97.

DoorDash Profile

DoorDash, Inc operates a local commerce platform that connects consumers with merchants and independent delivery workers. Its marketplace enables customers to order meals from restaurants as well as groceries, convenience items, alcohol where permitted, and products from other retail businesses through its websites and mobile applications.

The company also provides services designed to support merchants, including delivery logistics, online ordering, marketing, payment processing, and customer-engagement tools.