DoorDash, Inc. $DASH Shares Acquired by IFM Investors Pty Ltd

IFM Investors Pty Ltd increased its holdings in DoorDash, Inc. (NASDAQ:DASH) by 5.3% in the first quarter, Holdings Channel.com reports. The firm owned 77,012 shares of the company’s stock after purchasing an additional 3,846 shares during the period. IFM Investors Pty Ltd’s holdings in DoorDash were worth $11,563,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the business. Moss Adams Wealth Advisors LLC raised its stake in DoorDash by 7.6% during the first quarter. Moss Adams Wealth Advisors LLC now owns 1,709 shares of the company’s stock worth $257,000 after purchasing an additional 121 shares during the period. SageGuard Financial Group LLC acquired a new stake in shares of DoorDash during the 1st quarter worth $266,000. Patton Fund Management Inc. raised its position in shares of DoorDash by 115.7% in the 1st quarter. Patton Fund Management Inc. now owns 2,116 shares of the company’s stock worth $318,000 after buying an additional 1,135 shares during the period. Caldwell Trust Co raised its position in shares of DoorDash by 13.5% in the 1st quarter. Caldwell Trust Co now owns 1,580 shares of the company’s stock worth $237,000 after buying an additional 188 shares during the period. Finally, Pictet Asset Management Holding SA boosted its holdings in DoorDash by 35.7% in the first quarter. Pictet Asset Management Holding SA now owns 786,379 shares of the company’s stock valued at $118,075,000 after acquiring an additional 207,086 shares during the last quarter. 90.64% of the stock is currently owned by hedge funds and other institutional investors.

DoorDash Price Performance

DASH opened at $188.87 on Thursday. DoorDash, Inc. has a twelve month low of $143.30 and a twelve month high of $285.50. The firm has a market cap of $82.29 billion, a price-to-earnings ratio of 89.94 and a beta of 1.78. The company has a current ratio of 1.43, a quick ratio of 1.43 and a debt-to-equity ratio of 0.27. The company has a fifty day simple moving average of $165.60 and a 200 day simple moving average of $180.72.

DoorDash (NASDAQ:DASH) last posted its quarterly earnings data on Wednesday, May 6th. The company reported $0.42 earnings per share for the quarter, beating analysts’ consensus estimates of $0.36 by $0.06. The company had revenue of $4.04 billion during the quarter, compared to analysts’ expectations of $4.15 billion. DoorDash had a net margin of 6.29% and a return on equity of 9.58%. The firm’s revenue for the quarter was up 33.1% on a year-over-year basis. During the same period in the prior year, the company posted $0.44 EPS. Equities research analysts expect that DoorDash, Inc. will post 2.41 EPS for the current fiscal year.

Analyst Ratings Changes

Several brokerages have commented on DASH. Truist Financial dropped their price target on DoorDash from $340.00 to $330.00 and set a “buy” rating for the company in a research note on Thursday, May 7th. Guggenheim reaffirmed a “buy” rating and issued a $255.00 price objective on shares of DoorDash in a research note on Tuesday, June 23rd. Zacks Research raised shares of DoorDash from a “strong sell” rating to a “hold” rating in a research report on Tuesday, May 12th. Citigroup restated a “market outperform” rating on shares of DoorDash in a report on Monday, June 22nd. Finally, The Goldman Sachs Group set a $280.00 price target on shares of DoorDash in a research report on Thursday, May 7th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-five have assigned a Buy rating and nine have given a Hold rating to the stock. According to MarketBeat, DoorDash has an average rating of “Moderate Buy” and a consensus price target of $256.11.

Insider Activity

In other DoorDash news, Director Shona L. Brown sold 582 shares of the firm’s stock in a transaction on Friday, June 26th. The shares were sold at an average price of $177.06, for a total transaction of $103,048.92. Following the completion of the transaction, the director directly owned 31,156 shares of the company’s stock, valued at $5,516,481.36. This trade represents a 1.83% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Keith Yandell sold 2,643 shares of the business’s stock in a transaction dated Tuesday, May 26th. The stock was sold at an average price of $155.34, for a total transaction of $410,563.62. Following the completion of the sale, the insider directly owned 81,106 shares of the company’s stock, valued at $12,599,006.04. The trade was a 3.16% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 42,707 shares of company stock worth $7,113,039 over the last quarter. 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.