Generate Investment Management Ltd Purchases Shares of 55,198 DoorDash, Inc. $DASH

Generate Investment Management Ltd purchased a new position in shares of DoorDash, Inc. (NASDAQ:DASH) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 55,198 shares of the company’s stock, valued at approximately $12,501,000.

Several other large investors also recently modified their holdings of the stock. Vanguard Group Inc. lifted its position in shares of DoorDash by 3.7% during the 3rd quarter. Vanguard Group Inc. now owns 42,712,908 shares of the company’s stock valued at $11,617,484,000 after acquiring an additional 1,522,823 shares during the period. State Street Corp boosted its stake in DoorDash by 6.3% during the third quarter. State Street Corp now owns 15,296,624 shares of the company’s stock worth $4,160,529,000 after acquiring an additional 909,125 shares in the last quarter. Capital World Investors grew its holdings in DoorDash by 0.9% in the third quarter. Capital World Investors now owns 10,865,927 shares of the company’s stock worth $2,955,424,000 after purchasing an additional 95,278 shares during the period. Invesco Ltd. grew its holdings in DoorDash by 18.2% in the third quarter. Invesco Ltd. now owns 6,355,628 shares of the company’s stock worth $1,728,667,000 after purchasing an additional 980,148 shares during the period. Finally, Norges Bank acquired a new stake in DoorDash in the second quarter worth $1,185,576,000. Institutional investors and hedge funds own 90.64% of the company’s stock.

DoorDash Price Performance

DASH opened at $146.60 on Friday. DoorDash, Inc. has a 1 year low of $143.30 and a 1 year high of $285.50. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.41 and a quick ratio of 1.41. The company has a market capitalization of $63.69 billion, a price-to-earnings ratio of 69.15 and a beta of 1.82. The firm’s fifty day moving average price is $178.64 and its two-hundred day moving average price is $216.74.

DoorDash (NASDAQ:DASH) last released its quarterly earnings results on Wednesday, February 18th. The company reported $0.48 earnings per share for the quarter, missing analysts’ consensus estimates of $0.58 by ($0.10). DoorDash had a net margin of 6.82% and a return on equity of 10.15%. The firm had revenue of $3.96 billion for the quarter, compared to the consensus estimate of $3.98 billion. During the same period in the previous year, the business earned $0.33 earnings per share. The firm’s revenue for the quarter was up 37.7% on a year-over-year basis. As a group, analysts anticipate that DoorDash, Inc. will post 2.22 earnings per share for the current fiscal year.

Insider Transactions at DoorDash

In other DoorDash news, CEO Tony Xu sold 16,667 shares of DoorDash stock in a transaction that occurred on Monday, January 5th. The shares were sold at an average price of $230.00, for a total transaction of $3,833,410.00. Following the transaction, the chief executive officer owned 1,500 shares of the company’s stock, valued at $345,000. This trade represents a 91.74% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Shona L. Brown sold 1,250 shares of the business’s stock in a transaction that occurred on Monday, March 9th. The stock was sold at an average price of $176.61, for a total value of $220,762.50. Following the completion of the transaction, the director owned 31,002 shares in the company, valued at $5,475,263.22. The trade was a 3.88% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 167,317 shares of company stock worth $35,720,931. Company insiders own 5.83% of the company’s stock.

Analyst Upgrades and Downgrades

DASH has been the topic of several research reports. BNP Paribas Exane initiated coverage on shares of DoorDash in a report on Wednesday, January 14th. They set an “outperform” rating and a $280.00 price objective on the stock. DA Davidson reduced their target price on DoorDash from $260.00 to $224.00 and set a “neutral” rating for the company in a research note on Thursday, February 19th. Needham & Company LLC decreased their target price on DoorDash from $275.00 to $265.00 and set a “buy” rating for the company in a research report on Thursday, February 19th. UBS Group dropped their price target on DoorDash from $245.00 to $240.00 and set a “neutral” rating on the stock in a research note on Thursday, February 19th. Finally, Citigroup cut their price target on DoorDash from $283.00 to $280.00 and set a “buy” rating on the stock in a report on Friday, February 20th. One analyst has rated the stock with a Strong Buy rating, twenty-five have given a Buy rating and nine have given a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $263.82.

DoorDash Company 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.