13,804 Shares in DoorDash, Inc. (NASDAQ:DASH) Purchased by PGGM Investments

PGGM Investments bought a new stake in shares of DoorDash, Inc. (NASDAQ:DASH) in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 13,804 shares of the company’s stock, valued at approximately $1,901,000.

A number of other hedge funds have also recently modified their holdings of the business. Spire Wealth Management bought a new position in DoorDash in the 1st quarter worth about $25,000. Venturi Wealth Management LLC raised its position in DoorDash by 54.5% during the 1st quarter. Venturi Wealth Management LLC now owns 255 shares of the company’s stock valued at $35,000 after purchasing an additional 90 shares in the last quarter. ORG Partners LLC lifted its holdings in shares of DoorDash by 2,108.3% in the 1st quarter. ORG Partners LLC now owns 265 shares of the company’s stock worth $37,000 after buying an additional 253 shares during the period. Parkside Financial Bank & Trust lifted its holdings in shares of DoorDash by 361.2% in the 4th quarter. Parkside Financial Bank & Trust now owns 392 shares of the company’s stock worth $39,000 after buying an additional 307 shares during the period. Finally, Hollencrest Capital Management bought a new position in shares of DoorDash during the 1st quarter worth $42,000. Institutional investors own 90.64% of the company’s stock.

Wall Street Analyst Weigh In

DASH has been the topic of several recent research reports. Wedbush reiterated a “neutral” rating and set a $115.00 target price on shares of DoorDash in a report on Friday. JMP Securities lifted their price objective on shares of DoorDash from $140.00 to $145.00 and gave the company a “market outperform” rating in a report on Friday. Citigroup increased their target price on DoorDash from $141.00 to $144.00 and gave the company a “buy” rating in a research report on Thursday, May 2nd. BMO Capital Markets boosted their price target on DoorDash from $127.00 to $140.00 and gave the stock an “outperform” rating in a research report on Friday. Finally, Needham & Company LLC raised their price objective on DoorDash from $137.00 to $145.00 and gave the company a “buy” rating in a research report on Friday. Ten research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $142.38.

Insider Activity at DoorDash

In other news, Director Andy Fang sold 50,000 shares of the stock in a transaction dated Friday, June 7th. The shares were sold at an average price of $113.40, for a total transaction of $5,670,000.00. Following the sale, the director now directly owns 39,275 shares of the company’s stock, valued at approximately $4,453,785. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In other news, Director Andy Fang sold 50,000 shares of the stock in a transaction that occurred on Friday, June 7th. The stock was sold at an average price of $113.40, for a total transaction of $5,670,000.00. Following the transaction, the director now owns 39,275 shares in the company, valued at approximately $4,453,785. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Keith Yandell sold 12,088 shares of the business’s stock in a transaction on Wednesday, June 5th. The stock was sold at an average price of $111.84, for a total transaction of $1,351,921.92. Following the completion of the sale, the insider now directly owns 161,651 shares of the company’s stock, valued at approximately $18,079,047.84. The disclosure for this sale can be found here. Insiders sold a total of 459,016 shares of company stock worth $50,325,396 in the last three months. Company insiders own 7.92% of the company’s stock.

DoorDash Trading Up 8.3 %

Shares of NASDAQ DASH traded up $9.03 during trading on Friday, reaching $117.23. 12,666,595 shares of the company traded hands, compared to its average volume of 4,409,081. DoorDash, Inc. has a 12-month low of $69.90 and a 12-month high of $143.34. The stock has a market cap of $47.94 billion, a P/E ratio of -108.55, a PEG ratio of 40.25 and a beta of 1.67. The firm’s fifty day simple moving average is $109.35 and its 200 day simple moving average is $118.25.

DoorDash (NASDAQ:DASH) last announced its quarterly earnings results on Thursday, August 1st. The company reported ($0.38) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.10) by ($0.28). The company had revenue of $2.63 billion during the quarter, compared to analyst estimates of $2.54 billion. DoorDash had a negative net margin of 4.24% and a negative return on equity of 6.00%. The company’s revenue was up 23.3% compared to the same quarter last year. During the same period in the previous year, the firm posted ($0.44) earnings per share. As a group, research analysts expect that DoorDash, Inc. will post 0.07 EPS for the current year.

About DoorDash

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.