DoorDash, Inc. $DASH Shares Sold by BI Asset Management Fondsmaeglerselskab A S

BI Asset Management Fondsmaeglerselskab A S lessened its stake in DoorDash, Inc. (NASDAQ:DASH) by 60.1% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 20,416 shares of the company’s stock after selling 30,805 shares during the quarter. BI Asset Management Fondsmaeglerselskab A S’s holdings in DoorDash were worth $3,065,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the company. American Century Companies Inc. boosted its holdings in DoorDash by 5.0% in the third quarter. American Century Companies Inc. now owns 485,088 shares of the company’s stock valued at $131,941,000 after purchasing an additional 22,944 shares during the last quarter. Intech Investment Management LLC raised its position in shares of DoorDash by 707.8% in the 4th quarter. Intech Investment Management LLC now owns 253,348 shares of the company’s stock valued at $57,378,000 after purchasing an additional 221,985 shares in the last quarter. Vaughan Nelson Investment Management L.P. acquired a new position in shares of DoorDash in the 4th quarter valued at approximately $41,712,000. Mitsubishi UFJ Asset Management Co. Ltd. boosted its stake in shares of DoorDash by 7.1% during the 3rd quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 806,191 shares of the company’s stock valued at $219,276,000 after buying an additional 53,722 shares during the last quarter. Finally, Jefferies Financial Group Inc. boosted its stake in shares of DoorDash by 136.6% during the 3rd quarter. Jefferies Financial Group Inc. now owns 42,355 shares of the company’s stock valued at $11,520,000 after buying an additional 24,454 shares during the last quarter. Institutional investors and hedge funds own 90.64% of the company’s stock.

Wall Street Analysts Forecast Growth

DASH has been the subject of a number of research analyst reports. Susquehanna dropped their price target on shares of DoorDash from $250.00 to $225.00 and set a “positive” rating for the company in a research note on Friday, May 8th. BTIG Research reduced their price objective on shares of DoorDash from $280.00 to $225.00 and set a “buy” rating on the stock in a research note on Friday, June 12th. Mizuho reduced their price objective on shares of DoorDash from $320.00 to $255.00 and set an “outperform” rating on the stock in a research note on Tuesday, March 3rd. Moffett Nathanson set a $276.00 price objective on shares of DoorDash in a report on Wednesday, April 15th. Finally, The Goldman Sachs Group set a $280.00 target price on shares of DoorDash in a research report on Thursday, May 7th. Two 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 company. According to MarketBeat, DoorDash presently has an average rating of “Moderate Buy” and an average price target of $256.11.

DoorDash News Summary

Here are the key news stories impacting DoorDash this week:

• Positive Sentiment: DoorDash is drawing publicity from a World Cup-related marketing partnership featuring T-Pain, helping keep the brand in the conversation and adding visibility for the company’s advertising efforts. Article Title
• Positive Sentiment: The company also received attention for a Father’s Day themed food recommendation list and a high-profile DoorDash ad featuring Brooklyn Beckham, which suggests continued spending on marketing and brand awareness. Article Title
• Neutral Sentiment: Some of the coverage is largely social-media and entertainment chatter, including reactions to DoorDash repeatedly tagging T-Pain in World Cup posts. This is mostly a publicity story and may have limited direct financial impact. Article Title
• Negative Sentiment: DoorDash is also facing reputational pressure after multiple reports of scammers targeting drivers with fake support calls, with drivers reportedly losing money and bank information. That could raise concerns about platform security and trust. Article Title
• Negative Sentiment: Another negative headline involved a DoorDash delivery robot reportedly getting in the way of an active SWAT scene, which could prompt questions about operational oversight and safety around the company’s autonomous delivery efforts. Article Title

Insider Buying and Selling

In other news, Director Stanley Tang sold 21,433 shares of the company’s stock in a transaction that occurred on Thursday, April 2nd. The stock was sold at an average price of $150.00, for a total transaction of $3,214,950.00. Following the completion of the transaction, the director directly owned 19,279 shares of the company’s stock, valued at approximately $2,891,850. This represents a 52.65% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, General Counsel Tia Sherringham sold 2,743 shares of the stock in a transaction that occurred on Friday, May 22nd. The stock was sold at an average price of $160.79, for a total value of $441,046.97. Following the sale, the general counsel owned 128,216 shares in the company, valued at $20,615,850.64. The trade was a 2.09% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders have sold 58,558 shares of company stock valued at $9,324,940. 5.83% of the stock is currently owned by insiders.

DoorDash Trading Down 0.8%

NASDAQ DASH opened at $172.08 on Tuesday. DoorDash, Inc. has a one year low of $143.30 and a one year high of $285.50. The company has a 50-day simple moving average of $164.42 and a 200-day simple moving average of $182.84. 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 $74.98 billion, a PE ratio of 81.94 and a beta of 1.83.

DoorDash (NASDAQ:DASH) last released its quarterly earnings data on Wednesday, May 6th. The company reported $0.42 earnings per share for the quarter, topping the consensus estimate of $0.36 by $0.06. The firm had revenue of $4.04 billion for the quarter, compared to analyst estimates of $4.15 billion. DoorDash had a net margin of 6.29% and a return on equity of 9.58%. DoorDash’s quarterly revenue was up 33.1% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.44 earnings per share. On average, equities analysts forecast that DoorDash, Inc. will post 2.44 earnings per share for the current year.

DoorDash Profile

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.