30,500 Shares in DoorDash, Inc. $DASH Acquired by Triglav Investments D.O.O.

Triglav Investments D.O.O. bought a new stake in shares of DoorDash, Inc. (NASDAQ:DASH) during the 2nd quarter, HoldingsChannel reports. The firm bought 30,500 shares of the company’s stock, valued at approximately $7,519,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Accuvest Global Advisors bought a new stake in DoorDash in the 2nd quarter worth about $302,000. Kesler Norman & Wride LLC purchased a new stake in shares of DoorDash during the 2nd quarter valued at about $232,000. Lifeworks Advisors LLC bought a new stake in DoorDash in the 2nd quarter worth approximately $218,000. Earned Wealth Advisors LLC grew its holdings in shares of DoorDash by 28.4% in the second quarter. Earned Wealth Advisors LLC now owns 2,647 shares of the company’s stock worth $652,000 after acquiring an additional 585 shares during the period. Finally, IFG Advisory LLC bought a new stake in shares of DoorDash during the 2nd quarter valued at about $389,000. 90.64% of the stock is owned by institutional investors.

Insider Buying and Selling at DoorDash

In other news, Director Stanley Tang sold 45,410 shares of the stock in a transaction that occurred on Wednesday, October 1st. The stock was sold at an average price of $268.23, for a total transaction of $12,180,324.30. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Tony Xu sold 34,166 shares of the business’s stock in a transaction on Wednesday, October 1st. The stock was sold at an average price of $268.24, for a total transaction of $9,164,687.84. Following the completion of the sale, the chief executive officer owned 520,450 shares in the company, valued at $139,605,508. This represents a 6.16% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 852,704 shares of company stock worth $213,921,205. Company insiders own 5.83% of the company’s stock.

DoorDash Stock Performance

DASH opened at $254.37 on Friday. The company has a debt-to-equity ratio of 0.30, a quick ratio of 2.07 and a current ratio of 2.07. The stock has a market capitalization of $108.67 billion, a price-to-earnings ratio of 141.32 and a beta of 1.71. The company has a fifty day moving average of $260.98 and a 200 day moving average of $236.05. DoorDash, Inc. has a fifty-two week low of $152.26 and a fifty-two week high of $285.50.

DoorDash (NASDAQ:DASH) last released its quarterly earnings data on Wednesday, August 6th. The company reported $0.65 EPS for the quarter, beating the consensus estimate of $0.42 by $0.23. DoorDash had a net margin of 6.57% and a return on equity of 9.56%. The business had revenue of $3.28 billion during the quarter, compared to the consensus estimate of $3.16 billion. During the same quarter in the prior year, the firm earned ($0.38) EPS. The business’s revenue was up 24.9% on a year-over-year basis. As a group, sell-side analysts forecast that DoorDash, Inc. will post 2.22 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts have commented on DASH shares. Needham & Company LLC set a $300.00 target price on shares of DoorDash and gave the company a “buy” rating in a report on Thursday, August 7th. Benchmark raised their target price on DoorDash from $260.00 to $315.00 and gave the stock a “buy” rating in a report on Thursday, August 7th. BTIG Research reissued a “buy” rating and set a $315.00 price target on shares of DoorDash in a report on Monday, October 20th. Roth Capital raised their price objective on DoorDash from $191.00 to $225.00 and gave the stock a “neutral” rating in a research note on Monday, July 14th. Finally, Mizuho set a $350.00 price objective on DoorDash and gave the company an “outperform” rating in a research note on Monday, September 29th. Four analysts have rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating and eleven have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $291.88.

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.