DoorDash, Inc. $DASH Shares Purchased by Sterling Capital Management LLC

Sterling Capital Management LLC boosted its holdings in shares of DoorDash, Inc. (NASDAQ:DASH) by 240.6% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 41,941 shares of the company’s stock after acquiring an additional 29,628 shares during the quarter. Sterling Capital Management LLC’s holdings in DoorDash were worth $10,339,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Saudi Central Bank purchased a new position in shares of DoorDash during the 1st quarter worth $25,000. WPG Advisers LLC purchased a new stake in DoorDash in the 1st quarter valued at about $26,000. Pacific Center for Financial Services acquired a new position in DoorDash in the first quarter valued at about $27,000. GFG Capital LLC acquired a new position in DoorDash in the second quarter valued at about $30,000. Finally, Harbour Investments Inc. boosted its stake in DoorDash by 55.6% during the first quarter. Harbour Investments Inc. now owns 196 shares of the company’s stock worth $36,000 after buying an additional 70 shares during the period. Hedge funds and other institutional investors own 90.64% of the company’s stock.

Analysts Set New Price Targets

DASH has been the topic of several recent analyst reports. Cantor Fitzgerald decreased their price objective on shares of DoorDash from $330.00 to $270.00 and set an “overweight” rating on the stock in a report on Thursday. KeyCorp reissued an “overweight” rating and issued a $325.00 target price (up previously from $295.00) on shares of DoorDash in a research report on Thursday, August 7th. Roth Capital upped their price target on DoorDash from $191.00 to $225.00 and gave the stock a “neutral” rating in a research note on Monday, July 14th. Sanford C. Bernstein lifted their price objective on DoorDash from $210.00 to $265.00 and gave the company an “outperform” rating in a research note on Monday, July 21st. Finally, Piper Sandler boosted their price objective on DoorDash from $210.00 to $290.00 and gave the company a “neutral” rating in a report on Thursday, August 7th. Four equities research analysts have rated the stock with a Strong Buy rating, twenty-two have given a Buy rating and eleven have assigned a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $283.15.

DoorDash Stock Performance

NASDAQ:DASH opened at $196.46 on Friday. DoorDash, Inc. has a 52 week low of $155.40 and a 52 week high of $285.50. The company has a fifty day simple moving average of $259.57 and a two-hundred day simple moving average of $237.02. The company has a quick ratio of 2.07, a current ratio of 2.07 and a debt-to-equity ratio of 0.30. The company has a market cap of $83.93 billion, a price-to-earnings ratio of 99.73 and a beta of 1.70.

DoorDash (NASDAQ:DASH) last released its earnings results on Wednesday, November 5th. The company reported $0.55 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.68 by ($0.13). DoorDash had a net margin of 6.83% and a return on equity of 10.31%. The company had revenue of $3.45 billion during the quarter, compared to analysts’ expectations of $3.35 billion. During the same quarter last year, the business posted $0.38 earnings per share. The company’s revenue for the quarter was up 27.3% on a year-over-year basis. As a group, equities analysts anticipate that DoorDash, Inc. will post 2.22 earnings per share for the current fiscal year.

Insider Transactions at DoorDash

In other DoorDash news, Director Stanley Tang sold 45,410 shares of the stock in a transaction that occurred on Tuesday, September 2nd. The shares were sold at an average price of $243.31, for a total value of $11,048,707.10. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CEO Tony Xu sold 291,403 shares of the firm’s stock in a transaction on Wednesday, August 20th. The shares were sold at an average price of $238.19, for a total transaction of $69,409,280.57. Following the completion of the sale, the chief executive officer owned 229,047 shares in the company, valued at $54,556,704.93. The trade was a 55.99% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 876,527 shares of company stock valued at $218,129,954. 5.83% of the stock is currently owned by corporate insiders.

DoorDash Profile

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.