Vienna Powszechne Towarzystwo Emerytalne S.A. Vienna Insurance Group Makes New Investment in DoorDash, Inc. $DASH

Vienna Powszechne Towarzystwo Emerytalne S.A. Vienna Insurance Group bought a new stake in DoorDash, Inc. (NASDAQ:DASH) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 50,110 shares of the company’s stock, valued at approximately $13,629,000. DoorDash accounts for approximately 8.0% of Vienna Powszechne Towarzystwo Emerytalne S.A. Vienna Insurance Group’s investment portfolio, making the stock its 4th largest position.

A number of other hedge funds have also made changes to their positions in DASH. GFG Capital LLC acquired a new position in DoorDash in the 2nd quarter valued at approximately $30,000. Sound Income Strategies LLC grew its holdings in shares of DoorDash by 2,760.0% during the 3rd quarter. Sound Income Strategies LLC now owns 143 shares of the company’s stock valued at $39,000 after acquiring an additional 138 shares in the last quarter. Asset Planning Inc purchased a new position in shares of DoorDash during the 3rd quarter valued at $50,000. NewSquare Capital LLC increased its stake in shares of DoorDash by 610.3% in the second quarter. NewSquare Capital LLC now owns 206 shares of the company’s stock worth $51,000 after acquiring an additional 177 shares during the last quarter. Finally, CX Institutional raised its holdings in shares of DoorDash by 3,660.0% during the third quarter. CX Institutional now owns 188 shares of the company’s stock worth $51,000 after acquiring an additional 183 shares in the last quarter. 90.64% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on DASH. Barclays dropped their target price on DoorDash from $272.00 to $238.00 and set an “equal weight” rating on the stock in a research report on Thursday, November 6th. Zacks Research downgraded DoorDash from a “hold” rating to a “strong sell” rating in a report on Monday, January 5th. The Goldman Sachs Group reduced their target price on shares of DoorDash from $315.00 to $279.00 and set a “buy” rating for the company in a research note on Friday, November 7th. Mizuho decreased their target price on shares of DoorDash from $350.00 to $320.00 and set an “outperform” rating for the company in a research report on Wednesday, November 12th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of DoorDash in a report on Wednesday, October 8th. Three analysts have rated the stock with a Strong Buy rating, twenty-five have assigned a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $280.43.

DoorDash Stock Performance

Shares of DoorDash stock traded up $3.49 during trading on Wednesday, reaching $210.85. The company’s stock had a trading volume of 221,487 shares, compared to its average volume of 3,816,049. DoorDash, Inc. has a one year low of $155.40 and a one year high of $285.50. The company has a debt-to-equity ratio of 0.29, a quick ratio of 2.04 and a current ratio of 2.04. The firm has a market cap of $90.87 billion, a price-to-earnings ratio of 107.03 and a beta of 1.70. The business’s fifty day moving average price is $216.96 and its 200-day moving average price is $238.68.

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

Insider Activity

In related news, Director Alfred Lin purchased 389,047 shares of DoorDash stock in a transaction on Tuesday, November 25th. The stock was purchased at an average cost of $193.81 per share, with a total value of $75,401,199.07. Following the acquisition, the director directly owned 389,047 shares in the company, valued at approximately $75,401,199.07. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Stanley Tang sold 45,410 shares of the business’s stock in a transaction dated Monday, December 1st. The stock was sold at an average price of $205.07, for a total transaction of $9,312,228.70. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 632,885 shares of company stock worth $133,222,817. Corporate insiders own 5.83% of the company’s stock.

About DoorDash

DoorDash, Inc operates a technology-driven logistics and food-delivery marketplace that connects consumers, merchants and independent delivery contractors. The company’s core service enables customers to order from local restaurants and retailers through its app and website while DoorDash handles last-mile fulfillment via its network of drivers, known as “Dashers.” Over time the platform has broadened beyond restaurant deliveries to include groceries, convenience items and retail deliveries, positioning DoorDash as a broader on-demand logistics provider for consumer goods.

In addition to its marketplace, DoorDash offers a suite of products and services for consumers and businesses.