Natixis Takes Position in DoorDash, Inc. (NASDAQ:DASH)

Natixis bought a new stake in shares of DoorDash, Inc. (NASDAQ:DASH) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 20,243 shares of the company’s stock, valued at approximately $2,788,000.

Other large investors have also recently modified their holdings of the company. HB Wealth Management LLC purchased a new position in DoorDash during the 4th quarter valued at $263,000. Raymond James & Associates boosted its holdings in DoorDash by 25.9% during the 4th quarter. Raymond James & Associates now owns 15,805 shares of the company’s stock valued at $1,563,000 after acquiring an additional 3,254 shares during the period. Raymond James Financial Services Advisors Inc. boosted its holdings in DoorDash by 55.3% during the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 19,866 shares of the company’s stock valued at $1,965,000 after acquiring an additional 7,077 shares during the period. Pacer Advisors Inc. lifted its holdings in shares of DoorDash by 1,117.7% in the 4th quarter. Pacer Advisors Inc. now owns 18,375 shares of the company’s stock worth $1,817,000 after buying an additional 16,866 shares during the period. Finally, Global Retirement Partners LLC lifted its holdings in shares of DoorDash by 3,072.2% in the 4th quarter. Global Retirement Partners LLC now owns 571 shares of the company’s stock worth $59,000 after buying an additional 553 shares during the period. Institutional investors own 90.64% of the company’s stock.

DoorDash Trading Up 5.1 %

DASH stock traded up $5.16 during midday trading on Friday, hitting $105.94. 443,540 shares of the company’s stock were exchanged, compared to its average volume of 3,947,686. The business has a 50-day simple moving average of $109.85 and a two-hundred day simple moving average of $118.01. The stock has a market capitalization of $43.32 billion, a PE ratio of -93.31, a P/E/G ratio of 38.11 and a beta of 1.67. DoorDash, Inc. has a 1-year low of $69.90 and a 1-year high of $143.34.

DoorDash (NASDAQ:DASH) last posted its earnings results on Wednesday, May 1st. The company reported ($0.06) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.07) by $0.01. The company had revenue of $2.51 billion during the quarter, compared to analysts’ expectations of $2.45 billion. DoorDash had a negative return on equity of 6.28% and a negative net margin of 4.61%. The firm’s quarterly revenue was up 23.5% compared to the same quarter last year. During the same quarter last year, the firm earned ($0.41) earnings per share. As a group, research analysts expect that DoorDash, Inc. will post 0.07 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on DASH. Wells Fargo & Company upped their target price on DoorDash from $100.00 to $125.00 and gave the company an “equal weight” rating in a research report on Thursday, April 4th. JPMorgan Chase & Co. increased their price target on DoorDash from $108.00 to $111.00 and gave the stock a “neutral” rating in a research report on Thursday, May 2nd. Argus started coverage on DoorDash in a research report on Tuesday. They set a “hold” rating on the stock. BMO Capital Markets lowered their price target on DoorDash from $138.00 to $127.00 and set an “outperform” rating on the stock in a research report on Thursday, May 2nd. Finally, Redburn Atlantic started coverage on DoorDash in a research report on Friday. They set a “buy” rating and a $170.00 price target on the stock. Ten analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $135.96.

Insider Activity

In related news, Director Shona L. Brown sold 1,712 shares of DoorDash stock in a transaction on Tuesday, June 25th. The stock was sold at an average price of $110.97, for a total value of $189,980.64. Following the completion of the transaction, the director now directly owns 70,191 shares in the company, valued at $7,789,095.27. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, Director Shona L. Brown sold 1,712 shares of the stock in a transaction that occurred on Tuesday, June 25th. The stock was sold at an average price of $110.97, for a total transaction of $189,980.64. Following the completion of the transaction, the director now directly owns 70,191 shares of the company’s stock, valued at approximately $7,789,095.27. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Tony Xu sold 131,590 shares of the company’s stock in a transaction that occurred on Monday, June 10th. The stock was sold at an average price of $111.61, for a total value of $14,686,759.90. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 459,016 shares of company stock valued at $50,495,566. 7.92% 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.