DoorDash, Inc. $DASH Shares Purchased by ASR Vermogensbeheer N.V.

ASR Vermogensbeheer N.V. increased its holdings in shares of DoorDash, Inc. (NASDAQ:DASH) by 29.5% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 32,835 shares of the company’s stock after purchasing an additional 7,487 shares during the period. ASR Vermogensbeheer N.V.’s holdings in DoorDash were worth $8,094,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also modified their holdings of the stock. CHURCHILL MANAGEMENT Corp boosted its holdings in DoorDash by 492.9% in the 2nd quarter. CHURCHILL MANAGEMENT Corp now owns 51,677 shares of the company’s stock worth $12,739,000 after acquiring an additional 42,961 shares during the period. Robeco Institutional Asset Management B.V. boosted its stake in shares of DoorDash by 74.2% in the second quarter. Robeco Institutional Asset Management B.V. now owns 1,003,268 shares of the company’s stock valued at $247,316,000 after purchasing an additional 427,269 shares during the period. BSW Wealth Partners boosted its stake in shares of DoorDash by 4.2% in the second quarter. BSW Wealth Partners now owns 2,024 shares of the company’s stock valued at $499,000 after purchasing an additional 82 shares during the period. BOCHK Asset Management Ltd purchased a new position in shares of DoorDash in the second quarter valued at $537,000. Finally, BloombergSen Inc. grew its holdings in DoorDash by 7.1% during the 2nd quarter. BloombergSen Inc. now owns 8,096 shares of the company’s stock valued at $1,996,000 after purchasing an additional 534 shares in the last quarter. 90.64% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms recently commented on DASH. DA Davidson boosted their price target on DoorDash from $190.00 to $260.00 and gave the stock a “neutral” rating in a research note on Wednesday, September 10th. Truist Financial raised their price target on shares of DoorDash from $272.00 to $326.00 and gave the stock a “buy” rating in a research report on Thursday, August 7th. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $330.00 price target on shares of DoorDash in a report on Wednesday, September 17th. Susquehanna upped their target price on shares of DoorDash from $235.00 to $300.00 and gave the company a “positive” rating in a research note on Monday, August 11th. Finally, UBS Group boosted their price objective on DoorDash from $260.00 to $280.00 and gave the company a “neutral” rating in a report on Thursday, August 7th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty have assigned a Buy rating and thirteen have issued a Hold rating to the stock. Based on data from MarketBeat, DoorDash presently has an average rating of “Moderate Buy” and a consensus target price of $275.42.

Insider Transactions at DoorDash

In other DoorDash news, General Counsel Tia Sherringham sold 2,924 shares of the stock in a transaction on Wednesday, September 3rd. The stock was sold at an average price of $250.00, for a total transaction of $731,000.00. Following the completion of the transaction, the general counsel directly owned 112,782 shares of the company’s stock, valued at approximately $28,195,500. This trade represents a 2.53% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Ravi Inukonda sold 1,425 shares of DoorDash stock in a transaction on Wednesday, September 24th. The shares were sold at an average price of $266.16, for a total value of $379,278.00. Following the transaction, the chief financial officer owned 214,772 shares in the company, valued at approximately $57,163,715.52. This trade represents a 0.66% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 891,841 shares of company stock valued at $220,178,742 over the last three months. 5.83% of the stock is owned by company insiders.

DoorDash Stock Performance

Shares of DASH stock opened at $270.09 on Friday. DoorDash, Inc. has a 12-month low of $140.62 and a 12-month high of $278.15. The firm has a market capitalization of $115.38 billion, a price-to-earnings ratio of 150.05 and a beta of 1.71. The business has a 50 day simple moving average of $255.09 and a 200 day simple moving average of $223.32. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.07 and a quick ratio of 2.07.

DoorDash (NASDAQ:DASH) last announced its earnings results on Wednesday, August 6th. The company reported $0.65 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.42 by $0.23. DoorDash had a net margin of 6.57% and a return on equity of 9.56%. The firm had revenue of $3.28 billion during the quarter, compared to analyst estimates of $3.16 billion. During the same quarter in the prior year, the firm posted ($0.38) EPS. DoorDash’s revenue was up 24.9% compared to the same quarter last year. On average, equities research analysts anticipate that DoorDash, Inc. will post 2.22 EPS for the current year.

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.