Czech National Bank Buys 5,906 Shares of DoorDash, Inc. $DASH

Czech National Bank boosted its stake in shares of DoorDash, Inc. (NASDAQ:DASH) by 5.8% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 107,716 shares of the company’s stock after purchasing an additional 5,906 shares during the period. Czech National Bank’s holdings in DoorDash were worth $19,877,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in the business. MV Capital Management Inc. bought a new position in DoorDash in the fourth quarter worth approximately $26,000. Swiss RE Ltd. bought a new stake in shares of DoorDash during the 4th quarter valued at $28,000. ST Germain D J Co. Inc. bought a new stake in shares of DoorDash during the 4th quarter valued at $29,000. Kemnay Advisory Services Inc. purchased a new stake in shares of DoorDash in the 4th quarter worth $32,000. Finally, Sunbelt Securities Inc. grew its holdings in DoorDash by 124.1% during the third quarter. Sunbelt Securities Inc. now owns 121 shares of the company’s stock valued at $33,000 after purchasing an additional 67 shares during the period. 90.64% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, COO Prabir Adarkar sold 21,739 shares of the business’s stock in a transaction dated Tuesday, May 26th. The stock was sold at an average price of $155.25, for a total value of $3,374,979.75. Following the sale, the chief operating officer directly owned 959,076 shares in the company, valued at approximately $148,896,549. The trade was a 2.22% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Andy Fang sold 5,000 shares of the company’s stock in a transaction that occurred on Wednesday, June 24th. The stock was sold at an average price of $180.00, for a total value of $900,000.00. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 142,620 shares of company stock worth $26,822,778 in the last 90 days. 5.28% of the stock is owned by company insiders.

DoorDash Stock Up 1.4%

Shares of DASH opened at $216.26 on Friday. The business’s 50 day moving average is $180.65 and its 200 day moving average is $174.77. The company has a current ratio of 1.37, a quick ratio of 1.43 and a debt-to-equity ratio of 0.27. DoorDash, Inc. has a 12-month low of $143.30 and a 12-month high of $285.50. The company has a market capitalization of $94.23 billion, a PE ratio of 113.23 and a beta of 1.78.

DoorDash (NASDAQ:DASH) last announced its quarterly earnings data on Wednesday, August 5th. The company reported $0.46 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.47 by ($0.01). The company had revenue of $4.45 billion for the quarter, compared to analysts’ expectations of $4.34 billion. DoorDash had a net margin of 5.29% and a return on equity of 8.48%. The company’s quarterly revenue was up 35.6% compared to the same quarter last year. During the same period last year, the business earned $0.65 earnings per share. Research analysts expect that DoorDash, Inc. will post 2.4 earnings per share for the current fiscal year.

More DoorDash News

Here are the key news stories impacting DoorDash this week:

• Positive Sentiment: DoorDash’s second-quarter revenue increased 35.6% year over year to $4.45 billion, exceeding the $4.34 billion consensus estimate. Growth in orders, marketplaces, memberships and the Deliveroo acquisition supported the top-line beat. DoorDash Q2 Earnings Miss on Higher R&D Costs, Revenue Beat
• Positive Sentiment: Management issued stronger-than-expected third-quarter guidance, indicating that demand for food, grocery and convenience delivery remains resilient. The company also said improving growth and unit economics are helping fund investments in DashPass, merchant services, artificial intelligence and autonomous delivery. DoorDash Issues Strong Guidance as Delivery Demand Keeps Rising
• Positive Sentiment: DoorDash received FAA approval to operate commercial air-carrier services in Charlotte, clearing a regulatory hurdle for drone deliveries. The initiative could eventually improve delivery speed and economics, although its financial contribution is likely longer term. DoorDash Cleared for Takeoff with FAA Air Carrier Approval
• Positive Sentiment: Several analysts raised their price targets: Cantor Fitzgerald increased its target to $260 and maintained an overweight rating, while Needham reiterated a buy rating with a $265 target. Barclays also lifted its target to $230, though it retained an equal-weight rating. DoorDash Given New Price Target at Barclays
• Neutral Sentiment: DoorDash is positioning artificial intelligence as a growth and efficiency driver, but management said AI-generated traffic is still limited. Autonomous delivery robot deployment also faces practical challenges involving charging, loading and complex pickups. DoorDash Faces Challenges Scaling Its Dot Delivery Robot
• Negative Sentiment: Adjusted earnings of $0.46 per share fell short of expectations and declined from $0.65 a year earlier. Higher research-and-development spending is pressuring near-term profitability as DoorDash invests in technology and expansion. DoorDash Q2 Earnings Miss Estimates
• Negative Sentiment: Director Stanley Tang sold 67,693 shares worth approximately $13.6 million under a pre-arranged Rule 10b5-1 plan. While scheduled insider sales do not necessarily signal deteriorating fundamentals, the transaction reduced his position by roughly 63%. Stanley Tang Sells DoorDash Shares

Analyst Upgrades and Downgrades

Several research firms have recently commented on DASH. BTIG Research reaffirmed a “buy” rating and issued a $225.00 price objective on shares of DoorDash in a research note on Thursday. Benchmark reduced their target price on shares of DoorDash from $285.00 to $270.00 and set a “buy” rating for the company in a report on Monday, August 3rd. Zacks Research downgraded shares of DoorDash from a “hold” rating to a “strong sell” rating in a report on Friday, July 17th. Cantor Fitzgerald upped their price target on shares of DoorDash from $230.00 to $260.00 and gave the stock an “overweight” rating in a research report on Thursday. Finally, KeyCorp reduced their price objective on shares of DoorDash from $280.00 to $275.00 and set an “overweight” rating for the company in a research note on Tuesday, July 14th. Twenty-three analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $253.50.

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.