Insider Buying: DoorDash (NASDAQ:DASH) Director Acquires 389,047 Shares of Stock

DoorDash, Inc. (NASDAQ:DASH) Director Alfred Lin bought 389,047 shares of the stock in a transaction dated Tuesday, November 25th. The shares were purchased at an average price of $193.81 per share, for a total transaction of $75,401,199.07. Following the purchase, the director owned 389,047 shares of the company’s stock, valued at $75,401,199.07. This trade represents a ∞ increase in their position. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website.

Alfred Lin also recently made the following trade(s):

• On Wednesday, November 26th, Alfred Lin bought 125,000 shares of DoorDash stock. The shares were purchased at an average cost of $199.01 per share, with a total value of $24,876,250.00.

DoorDash Stock Performance

Shares of DASH stock traded up $2.52 on Friday, hitting $198.50. The company’s stock had a trading volume of 1,383,923 shares, compared to its average volume of 4,608,117. DoorDash, Inc. has a fifty-two week low of $155.40 and a fifty-two week high of $285.50. The company has a market capitalization of $85.55 billion, a PE ratio of 100.76 and a beta of 1.70. The stock’s 50 day moving average is $243.07 and its 200-day moving average is $238.18. The company has a debt-to-equity ratio of 0.29, a quick ratio of 2.04 and a current ratio of 2.04.

DoorDash (NASDAQ:DASH) last released its earnings results on Wednesday, November 5th. The company reported $0.55 earnings per share for the quarter, missing analysts’ consensus estimates of $0.68 by ($0.13). The company had revenue of $3.45 billion for the quarter, compared to the consensus estimate of $3.35 billion. DoorDash had a net margin of 6.83% and a return on equity of 9.97%. The business’s revenue was up 27.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.38 earnings per share. Equities research analysts expect that DoorDash, Inc. will post 2.22 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

DASH has been the topic of a number of research reports. DA Davidson reiterated a “neutral” rating and set a $260.00 target price on shares of DoorDash in a research report on Thursday, November 6th. BTIG Research reaffirmed a “buy” rating and issued a $315.00 target price on shares of DoorDash in a report on Thursday, November 6th. Oppenheimer restated an “outperform” rating and set a $280.00 price objective on shares of DoorDash in a report on Thursday, November 6th. Weiss Ratings restated a “hold (c)” rating on shares of DoorDash in a research note on Wednesday, October 8th. Finally, Morgan Stanley raised their price objective on shares of DoorDash from $300.00 to $330.00 and gave the stock an “overweight” rating in a report on Monday, October 20th. One research analyst has rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating and ten have assigned a Hold rating to the stock. According to MarketBeat, DoorDash presently has an average rating of “Moderate Buy” and a consensus price target of $275.62.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in DASH. Vanguard Group Inc. lifted its position in DoorDash by 3.7% during the third quarter. Vanguard Group Inc. now owns 42,712,908 shares of the company’s stock valued at $11,617,484,000 after buying an additional 1,522,823 shares during the period. State Street Corp increased its holdings in DoorDash by 6.3% in the 3rd quarter. State Street Corp now owns 15,296,624 shares of the company’s stock worth $4,160,529,000 after buying an additional 909,125 shares in the last quarter. Capital World Investors raised its stake in DoorDash by 0.9% during the 3rd quarter. Capital World Investors now owns 10,865,927 shares of the company’s stock valued at $2,955,424,000 after buying an additional 95,278 shares during the last quarter. Geode Capital Management LLC boosted its position in DoorDash by 2.9% in the second quarter. Geode Capital Management LLC now owns 7,951,230 shares of the company’s stock worth $1,950,711,000 after purchasing an additional 223,188 shares during the last quarter. Finally, Invesco Ltd. boosted its holdings in shares of DoorDash by 18.2% in the third quarter. Invesco Ltd. now owns 6,355,628 shares of the company’s stock worth $1,728,667,000 after buying an additional 980,148 shares during the last quarter. 90.64% of the stock is currently owned by institutional investors.

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.