DoorDash, Inc. (NASDAQ:DASH) Shares Sold by Daiwa Securities Group Inc.

Daiwa Securities Group Inc. lowered its stake in shares of DoorDash, Inc. (NASDAQ:DASH) by 0.9% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 58,420 shares of the company’s stock after selling 512 shares during the period. Daiwa Securities Group Inc.’s holdings in DoorDash were worth $6,355,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently modified their holdings of DASH. Vanguard Group Inc. increased its stake in DoorDash by 8.4% during the 4th quarter. Vanguard Group Inc. now owns 29,303,496 shares of the company’s stock worth $2,897,823,000 after buying an additional 2,259,976 shares in the last quarter. Baillie Gifford & Co. lifted its position in DoorDash by 0.8% during the second quarter. Baillie Gifford & Co. now owns 12,497,488 shares of the company’s stock worth $1,359,477,000 after buying an additional 94,241 shares in the last quarter. Capital World Investors boosted its stake in DoorDash by 0.8% during the first quarter. Capital World Investors now owns 9,470,247 shares of the company’s stock worth $1,304,242,000 after buying an additional 74,504 shares during the last quarter. Price T Rowe Associates Inc. MD grew its holdings in DoorDash by 4.6% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 5,469,647 shares of the company’s stock valued at $753,281,000 after buying an additional 242,956 shares in the last quarter. Finally, Janus Henderson Group PLC boosted its position in shares of DoorDash by 11,416.7% during the 1st quarter. Janus Henderson Group PLC now owns 3,455,116 shares of the company’s stock valued at $475,837,000 after acquiring an additional 3,425,115 shares during the last quarter. Institutional investors and hedge funds own 90.64% of the company’s stock.

Insiders Place Their Bets

In other DoorDash news, CEO Tony Xu sold 54,166 shares of DoorDash stock in a transaction that occurred on Monday, July 1st. The stock was sold at an average price of $107.75, for a total value of $5,836,386.50. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In other news, CFO Ravi Inukonda sold 7,000 shares of the stock in a transaction dated Friday, August 30th. The shares were sold at an average price of $127.86, for a total value of $895,020.00. Following the completion of the transaction, the chief financial officer now owns 396,152 shares in the company, valued at approximately $50,651,994.72. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Tony Xu sold 54,166 shares of the business’s stock in a transaction dated Monday, July 1st. The stock was sold at an average price of $107.75, for a total transaction of $5,836,386.50. The disclosure for this sale can be found here. In the last quarter, insiders sold 254,769 shares of company stock worth $28,250,113. 7.92% of the stock is owned by insiders.

DoorDash Stock Up 3.3 %

DASH opened at $130.02 on Thursday. The business has a 50 day moving average price of $117.80 and a two-hundred day moving average price of $121.16. DoorDash, Inc. has a 52 week low of $69.90 and a 52 week high of $143.34. The company has a market cap of $53.17 billion, a PE ratio of -120.39, a P/E/G ratio of 737.67 and a beta of 1.69.

DoorDash (NASDAQ:DASH) last issued its quarterly earnings results on Thursday, August 1st. The company reported ($0.38) earnings per share for the quarter, missing the consensus estimate of ($0.09) by ($0.29). DoorDash had a negative return on equity of 5.91% and a negative net margin of 4.24%. The company had revenue of $2.63 billion for the quarter, compared to analyst estimates of $2.54 billion. During the same period in the prior year, the business earned ($0.44) earnings per share. DoorDash’s revenue for the quarter was up 23.3% compared to the same quarter last year.

Wall Street Analyst Weigh In

A number of equities analysts have commented on DASH shares. Susquehanna lifted their target price on shares of DoorDash from $135.00 to $140.00 and gave the stock a “positive” rating in a research note on Monday, August 5th. KeyCorp began coverage on DoorDash in a report on Thursday, July 11th. They issued a “sector weight” rating on the stock. Evercore ISI upped their price target on DoorDash from $145.00 to $155.00 and gave the company an “outperform” rating in a research note on Friday, August 2nd. Redburn Atlantic began coverage on shares of DoorDash in a research note on Friday, July 26th. They issued a “buy” rating and a $170.00 price objective for the company. Finally, Roth Mkm upped their price target on DoorDash from $118.00 to $124.00 and gave the stock a “neutral” rating in a report on Monday, August 5th. Eleven equities research analysts have rated the stock with a hold rating and nineteen have given a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $142.57.

DoorDash Company Profile

DoorDash, Inc, together with its subsidiaries, operates a commerce platform that connects merchants, consumers, and independent contractors in the United States and internationally. The company operates DoorDash Marketplace and Wolt Marketplace, which provide various services, such as customer acquisition, demand generation, order fulfillment, merchandising, payment processing, and customer support.