Mediolanum International Funds Ltd Has $38.29 Million Stake in DoorDash, Inc. $DASH

Mediolanum International Funds Ltd boosted its stake in shares of DoorDash, Inc. (NASDAQ:DASH) by 53.6% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 140,508 shares of the company’s stock after purchasing an additional 49,031 shares during the quarter. Mediolanum International Funds Ltd’s holdings in DoorDash were worth $38,288,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Vanguard Group Inc. grew its holdings in shares of DoorDash by 4.6% in the 2nd quarter. Vanguard Group Inc. now owns 41,190,085 shares of the company’s stock worth $10,153,768,000 after purchasing an additional 1,792,799 shares during the last quarter. State Street Corp boosted its position in DoorDash by 3.1% in the second quarter. State Street Corp now owns 14,387,499 shares of the company’s stock valued at $3,546,662,000 after buying an additional 427,722 shares in the last quarter. Geode Capital Management LLC grew its stake in DoorDash by 2.9% during the second quarter. Geode Capital Management LLC now owns 7,951,230 shares of the company’s stock worth $1,950,711,000 after buying an additional 223,188 shares during the last quarter. Invesco Ltd. increased its holdings in shares of DoorDash by 12.0% during the second quarter. Invesco Ltd. now owns 5,375,480 shares of the company’s stock worth $1,325,110,000 after buying an additional 575,629 shares in the last quarter. Finally, Norges Bank bought a new position in shares of DoorDash in the second quarter valued at approximately $1,185,576,000. 90.64% of the stock is owned by institutional investors.

DoorDash Price Performance

Shares of DASH stock opened at $204.62 on Friday. The firm has a market cap of $88.19 billion, a price-to-earnings ratio of 103.87 and a beta of 1.70. DoorDash, Inc. has a 12 month low of $155.40 and a 12 month high of $285.50. The company has a quick ratio of 2.04, a current ratio of 2.04 and a debt-to-equity ratio of 0.29. The stock has a 50-day moving average price of $217.75 and a 200 day moving average price of $237.99.

DoorDash (NASDAQ:DASH) last issued its earnings results on Wednesday, November 5th. The company reported $0.55 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.68 by ($0.13). DoorDash had a net margin of 6.83% and a return on equity of 9.97%. The business had revenue of $3.45 billion during the quarter, compared to the consensus estimate of $3.35 billion. During the same period last year, the business posted $0.38 EPS. The firm’s revenue for the quarter was up 27.3% compared to the same quarter last year. Research analysts expect that DoorDash, Inc. will post 2.22 EPS for the current year.

Wall Street Analyst Weigh In

A number of research firms recently commented on DASH. Wells Fargo & Company increased their price target on DoorDash from $239.00 to $251.00 and gave the stock an “equal weight” rating in a research report on Thursday, January 8th. Wedbush boosted their price objective on DoorDash from $260.00 to $270.00 and gave the stock an “outperform” rating in a research note on Friday, December 19th. UBS Group upgraded DoorDash from a “buy” rating to a “mixed” rating in a research note on Tuesday, January 20th. DA Davidson reiterated a “neutral” rating and set a $260.00 price target on shares of DoorDash in a research report on Thursday, November 6th. Finally, Wall Street Zen lowered shares of DoorDash from a “buy” rating to a “hold” rating in a report on Saturday, November 1st. Three analysts have rated the stock with a Strong Buy rating, twenty-five have assigned a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $280.29.

Insiders Place Their Bets

In related news, CEO Tony Xu sold 288,410 shares of DoorDash stock in a transaction that occurred on Thursday, November 20th. The shares were sold at an average price of $196.04, for a total transaction of $56,539,896.40. Following the transaction, the chief executive officer owned 232,040 shares of the company’s stock, valued at $45,489,121.60. This trade represents a 55.42% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Alfred Lin purchased 389,047 shares of DoorDash stock in a transaction dated Tuesday, November 25th. The shares were purchased at an average cost of $193.81 per share, for a total transaction of $75,401,199.07. Following the completion of the transaction, the director owned 389,047 shares of the company’s stock, valued at approximately $75,401,199.07. This represents a ∞ increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders sold 632,885 shares of company stock worth $133,222,817 over the last three months. Insiders own 5.83% of the company’s stock.

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.