Healthcare of Ontario Pension Plan Trust Fund Sells 8,217 Shares of DoorDash, Inc. $DASH

Healthcare of Ontario Pension Plan Trust Fund cut its stake in shares of DoorDash, Inc. (NASDAQ:DASH) by 5.9% in the first quarter, Holdings Channel reports. The firm owned 130,997 shares of the company’s stock after selling 8,217 shares during the quarter. Healthcare of Ontario Pension Plan Trust Fund’s holdings in DoorDash were worth $19,669,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the stock. CYBER HORNET ETFs LLC boosted its holdings in DoorDash by 6.5% during the fourth quarter. CYBER HORNET ETFs LLC now owns 979 shares of the company’s stock worth $222,000 after buying an additional 60 shares during the last quarter. Vise Technologies Inc. increased its stake in shares of DoorDash by 1.8% in the 4th quarter. Vise Technologies Inc. now owns 3,517 shares of the company’s stock valued at $796,000 after acquiring an additional 63 shares during the last quarter. Sunbelt Securities Inc. increased its stake in shares of DoorDash by 124.1% in the 3rd quarter. Sunbelt Securities Inc. now owns 121 shares of the company’s stock valued at $33,000 after acquiring an additional 67 shares during the last quarter. AXS Investments LLC increased its stake in shares of DoorDash by 1.3% in the 4th quarter. AXS Investments LLC now owns 5,438 shares of the company’s stock valued at $1,232,000 after acquiring an additional 69 shares during the last quarter. Finally, Mutual Advisors LLC raised its position in shares of DoorDash by 3.1% in the 4th quarter. Mutual Advisors LLC now owns 2,371 shares of the company’s stock valued at $537,000 after acquiring an additional 71 shares during the period. Institutional investors own 90.64% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on DASH shares. Zacks Research lowered shares of DoorDash from a “hold” rating to a “strong sell” rating in a research note on Friday, July 17th. DA Davidson lowered their target price on shares of DoorDash from $224.00 to $200.00 and set a “neutral” rating for the company in a research note on Thursday, May 7th. Stifel Nicolaus cut their target price on shares of DoorDash from $215.00 to $185.00 and set a “hold” rating on the stock in a report on Monday, April 13th. Wedbush assumed coverage on shares of DoorDash in a research report on Thursday, July 16th. They set a “neutral” rating and a $205.00 price target on the stock. Finally, Wells Fargo & Company decreased their price target on shares of DoorDash from $200.00 to $199.00 and set an “equal weight” rating for the company in a report on Monday, July 6th. One research analyst has rated the stock with a Strong Buy rating, twenty-four have given a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $252.89.

Insider Buying and Selling

In other news, Director Andy Fang sold 5,000 shares of the stock in a transaction on Wednesday, June 24th. The shares were sold at an average price of $180.00, for a total transaction of $900,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Stanley Tang sold 23,125 shares of the firm’s stock in a transaction on Thursday, July 2nd. The stock was sold at an average price of $191.19, for a total transaction of $4,421,268.75. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders have sold 74,927 shares of company stock valued at $13,241,532. 5.83% of the stock is owned by corporate insiders.

DoorDash Price Performance

Shares of DASH opened at $184.37 on Tuesday. The stock has a 50 day simple moving average of $172.65 and a 200 day simple moving average of $175.36. DoorDash, Inc. has a 52-week low of $143.30 and a 52-week high of $285.50. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.43 and a current ratio of 1.43. The firm has a market capitalization of $80.33 billion, a PE ratio of 87.80 and a beta of 1.78.

DoorDash (NASDAQ:DASH) last announced its earnings results on Wednesday, May 6th. The company reported $0.42 EPS for the quarter, topping the consensus estimate of $0.36 by $0.06. DoorDash had a net margin of 6.29% and a return on equity of 9.58%. The firm had revenue of $4.04 billion for the quarter, compared to the consensus estimate of $4.15 billion. During the same period last year, the company posted $0.44 EPS. The business’s quarterly revenue was up 33.1% on a year-over-year basis. Sell-side analysts predict that DoorDash, Inc. will post 2.39 EPS for the current fiscal year.

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.