NBC Securities Inc. Purchases New Position in DoorDash, Inc. (NYSE:DASH)

NBC Securities Inc. purchased a new stake in DoorDash, Inc. (NYSE:DASHFree Report) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 3,643 shares of the company’s stock, valued at approximately $289,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. Capula Management Ltd purchased a new position in shares of DoorDash in the 3rd quarter valued at about $488,000. Signaturefd LLC increased its stake in DoorDash by 111.2% during the 3rd quarter. Signaturefd LLC now owns 3,703 shares of the company’s stock worth $294,000 after buying an additional 1,950 shares in the last quarter. AlpInvest Partners B.V. increased its stake in DoorDash by 73.8% during the 3rd quarter. AlpInvest Partners B.V. now owns 238,302 shares of the company’s stock worth $18,938,000 after buying an additional 101,206 shares in the last quarter. California Public Employees Retirement System increased its stake in DoorDash by 6.7% during the 3rd quarter. California Public Employees Retirement System now owns 451,509 shares of the company’s stock worth $35,881,000 after buying an additional 28,391 shares in the last quarter. Finally, Principal Financial Group Inc. increased its stake in DoorDash by 3.8% during the 3rd quarter. Principal Financial Group Inc. now owns 34,383 shares of the company’s stock worth $2,732,000 after buying an additional 1,273 shares in the last quarter. Hedge funds and other institutional investors own 75.84% of the company’s stock.

Insiders Place Their Bets

In other DoorDash news, Director Andy Fang sold 67,000 shares of the company’s stock in a transaction on Thursday, January 11th. The stock was sold at an average price of $104.08, for a total transaction of $6,973,360.00. Following the transaction, the director now directly owns 40,969 shares in the company, valued at $4,264,053.52. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, CEO Tony Xu sold 132,300 shares of the company’s stock in a transaction on Wednesday, January 10th. The stock was sold at an average price of $104.93, for a total transaction of $13,882,239.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Andy Fang sold 67,000 shares of the company’s stock in a transaction on Thursday, January 11th. The stock was sold at an average price of $104.08, for a total value of $6,973,360.00. Following the sale, the director now directly owns 40,969 shares in the company, valued at approximately $4,264,053.52. The disclosure for this sale can be found here. Insiders have sold 554,700 shares of company stock worth $55,192,020 over the last ninety days. Corporate insiders own 9.59% of the company’s stock.

DoorDash Stock Down 4.5 %

NYSE:DASH opened at $105.47 on Wednesday. The stock’s fifty day moving average is $100.48 and its two-hundred day moving average is $88.28. DoorDash, Inc. has a 52 week low of $51.50 and a 52 week high of $110.49. The stock has a market capitalization of $42.00 billion, a price-to-earnings ratio of -39.21 and a beta of 1.72.

DoorDash (NYSE:DASHGet Free Report) last released its quarterly earnings results on Wednesday, November 1st. The company reported ($0.19) EPS for the quarter, topping analysts’ consensus estimates of ($0.45) by $0.26. DoorDash had a negative return on equity of 9.88% and a negative net margin of 12.81%. The company had revenue of $2.16 billion for the quarter, compared to analysts’ expectations of $2.09 billion. During the same period in the prior year, the firm earned ($0.77) earnings per share. The firm’s revenue was up 27.2% compared to the same quarter last year. On average, sell-side analysts expect that DoorDash, Inc. will post -1.19 EPS for the current fiscal year.

Wall Street Analyst Weigh In

DASH has been the subject of several research reports. JPMorgan Chase & Co. boosted their price objective on DoorDash from $95.00 to $96.00 and gave the stock a “neutral” rating in a research note on Thursday, November 2nd. Piper Sandler boosted their price objective on DoorDash from $47.00 to $51.00 and gave the stock an “underweight” rating in a research note on Thursday, November 2nd. Roth Mkm boosted their price objective on DoorDash from $92.00 to $109.00 and gave the stock a “neutral” rating in a research note on Friday, January 19th. Jefferies Financial Group upgraded DoorDash from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $90.00 to $130.00 in a research note on Monday, January 8th. Finally, Barclays boosted their target price on DoorDash from $90.00 to $95.00 and gave the stock an “equal weight” rating in a report on Thursday, November 2nd. One analyst has rated the stock with a sell rating, ten have issued a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $102.19.

Get Our Latest Analysis on DoorDash

DoorDash Company Profile

(Free Report)

DoorDash, Inc operates a logistics platform that connects merchants, consumers, and dashers in the United States and internationally. It operates DoorDash and Wolt marketplaces, which provides an array of services that enable merchants to solve mission-critical challenges, such as customer acquisition, delivery, insights and analytics, merchandising, payment processing, and customer support; DashPass and Wolt+, a membership products; and offers DoorDash Drive and Wolt Drive, a white-label delivery fulfillment services; DoorDash Storefront that enables merchants to offer consumers on-demand access to e-commerce; and Bbot, which offers merchants digital ordering and payment solutions for in-store and online channels.

See Also

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Institutional Ownership by Quarter for DoorDash (NYSE:DASH)

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