Ontario Teachers Pension Plan Board Has $2.32 Million Stock Position in DoorDash, Inc. $DASH

Ontario Teachers Pension Plan Board lessened its stake in DoorDash, Inc. (NASDAQ:DASH) by 20.1% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 9,390 shares of the company’s stock after selling 2,364 shares during the quarter. Ontario Teachers Pension Plan Board’s holdings in DoorDash were worth $2,315,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of DASH. Saudi Central Bank bought a new position in DoorDash in the 1st quarter valued at about $25,000. WPG Advisers LLC bought a new position in DoorDash in the first quarter valued at approximately $26,000. Pacific Center for Financial Services acquired a new position in DoorDash during the first quarter valued at approximately $27,000. GFG Capital LLC acquired a new position in DoorDash during the second quarter valued at approximately $30,000. Finally, Harbour Investments Inc. lifted 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 purchasing an additional 70 shares during the last quarter. Institutional investors own 90.64% of the company’s stock.

Insider Buying and Selling at DoorDash

In other DoorDash news, Director Stanley Tang sold 45,410 shares of DoorDash stock in a transaction dated Tuesday, September 2nd. The stock was sold at an average price of $243.31, for a total transaction of $11,048,707.10. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, COO Prabir Adarkar sold 41,881 shares of the company’s stock in a transaction dated Monday, August 25th. The shares were sold at an average price of $245.82, for a total value of $10,295,187.42. Following the completion of the sale, the chief operating officer owned 914,547 shares in the company, valued at $224,813,943.54. This trade represents a 4.38% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 791,110 shares of company stock worth $196,549,692 in the last three months. 5.83% of the stock is currently owned by company insiders.

DoorDash Stock Up 6.0%

Shares of NASDAQ DASH opened at $206.96 on Monday. The company has a 50 day simple moving average of $254.14 and a 200 day simple moving average of $238.46. The company has a debt-to-equity ratio of 0.29, a current ratio of 2.04 and a quick ratio of 2.04. DoorDash, Inc. has a 1 year low of $155.40 and a 1 year high of $285.50. The firm has a market cap of $89.20 billion, a PE ratio of 105.06 and a beta of 1.70.

DoorDash (NASDAQ:DASH) last posted 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 for the quarter, compared to the consensus estimate of $3.35 billion. During the same period in the previous year, the firm earned $0.38 earnings per share. The company’s revenue was up 27.3% compared to the same quarter last year. On average, research analysts forecast that DoorDash, Inc. will post 2.22 EPS for the current year.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. Barclays decreased their price target on DoorDash from $272.00 to $238.00 and set an “equal weight” rating on the stock in a research note on Thursday, November 6th. The Goldman Sachs Group decreased their target price on DoorDash from $315.00 to $279.00 and set a “buy” rating on the stock in a research report on Friday, November 7th. Weiss Ratings reissued a “hold (c)” rating on shares of DoorDash in a report on Wednesday, October 8th. Raymond James Financial restated a “strong-buy” rating and issued a $325.00 price target (up from $275.00) on shares of DoorDash in a research note on Thursday, August 7th. Finally, JMP Securities upped their price objective on shares of DoorDash from $250.00 to $335.00 and gave the stock a “market outperform” rating in a research report on Thursday, August 7th. Two research analysts have rated the stock with a Strong Buy rating, twenty-four have issued a Buy rating and eleven have assigned a Hold rating to the company’s stock. According to MarketBeat.com, DoorDash has a consensus rating of “Moderate Buy” and a consensus target price of $279.00.

DoorDash Company 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.