ING Groep NV Has $264,000 Stock Holdings in DoorDash, Inc. (NASDAQ:DASH)

ING Groep NV lessened its holdings in shares of DoorDash, Inc. (NASDAQ:DASH) by 93.3% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 1,852 shares of the company’s stock after selling 25,961 shares during the period. ING Groep NV’s holdings in DoorDash were worth $264,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Brighton Jones LLC boosted its holdings in DoorDash by 0.8% during the second quarter. Brighton Jones LLC now owns 10,317 shares of the company’s stock valued at $1,122,000 after purchasing an additional 82 shares in the last quarter. Everhart Financial Group Inc. grew its holdings in DoorDash by 3.1% during the 2nd quarter. Everhart Financial Group Inc. now owns 3,267 shares of the company’s stock worth $355,000 after acquiring an additional 99 shares during the last quarter. E Fund Management Co. Ltd. raised its stake in shares of DoorDash by 3.5% in the second quarter. E Fund Management Co. Ltd. now owns 3,263 shares of the company’s stock worth $355,000 after acquiring an additional 111 shares during the last quarter. SJS Investment Consulting Inc. grew its stake in shares of DoorDash by 21.0% during the second quarter. SJS Investment Consulting Inc. now owns 673 shares of the company’s stock valued at $73,000 after purchasing an additional 117 shares during the last quarter. Finally, Venturi Wealth Management LLC boosted its position in DoorDash by 39.0% in the 3rd quarter. Venturi Wealth Management LLC now owns 424 shares of the company’s stock valued at $61,000 after buying an additional 119 shares during the last quarter. 90.64% of the stock is currently owned by institutional investors and hedge funds.

DoorDash Stock Down 2.5 %

Shares of DASH stock opened at $169.43 on Monday. The firm has a market cap of $70.38 billion, a PE ratio of -376.51, a P/E/G ratio of 14.26 and a beta of 1.67. DoorDash, Inc. has a 12 month low of $92.56 and a 12 month high of $178.16. The company’s fifty day simple moving average is $149.01 and its 200-day simple moving average is $126.98.

DoorDash (NASDAQ:DASH) last posted its quarterly earnings data on Wednesday, October 30th. The company reported $0.38 EPS for the quarter, topping analysts’ consensus estimates of $0.21 by $0.17. The company had revenue of $2.71 billion during the quarter, compared to the consensus estimate of $2.66 billion. DoorDash had a negative net margin of 1.69% and a negative return on equity of 2.41%. The company’s quarterly revenue was up 25.0% on a year-over-year basis. During the same period in the prior year, the business posted ($0.19) EPS. On average, equities analysts predict that DoorDash, Inc. will post 0.24 earnings per share for the current fiscal year.

Insider Buying and Selling at DoorDash

In other news, CEO Tony Xu sold 81,249 shares of the business’s stock in a transaction dated Tuesday, October 15th. The shares were sold at an average price of $147.87, for a total transaction of $12,014,289.63. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Andy Fang sold 50,000 shares of the company’s stock in a transaction dated Thursday, September 12th. The shares were sold at an average price of $130.20, for a total transaction of $6,510,000.00. Following the completion of the sale, the director now directly owns 18,089 shares in the company, valued at approximately $2,355,187.80. The trade was a 73.43 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 324,539 shares of company stock worth $46,439,330 over the last ninety days. 7.92% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

DASH has been the topic of several recent research reports. KeyCorp raised their price target on DoorDash from $177.00 to $180.00 and gave the company an “overweight” rating in a report on Thursday, October 31st. Truist Financial boosted their price target on shares of DoorDash from $170.00 to $180.00 and gave the stock a “buy” rating in a research note on Thursday, October 31st. Piper Sandler lifted their target price on shares of DoorDash from $125.00 to $160.00 and gave the stock a “neutral” rating in a report on Thursday, October 31st. Loop Capital upped their target price on shares of DoorDash from $170.00 to $200.00 and gave the company a “buy” rating in a research report on Tuesday, November 12th. Finally, Bank of America raised their price target on DoorDash from $168.00 to $172.00 and gave the stock a “buy” rating in a research report on Thursday, October 31st. Ten equities research analysts have rated the stock with a hold rating and twenty-four have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $164.03.

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.