DoorDash, Inc. $DASH Shares Acquired by KBC Group NV

KBC Group NV increased its holdings in DoorDash, Inc. (NASDAQ:DASH) by 256.3% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 190,926 shares of the company’s stock after purchasing an additional 137,344 shares during the quarter. KBC Group NV’s holdings in DoorDash were worth $47,065,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the business. Gilbert & Cook Inc. raised its stake in shares of DoorDash by 2.6% during the 2nd quarter. Gilbert & Cook Inc. now owns 1,685 shares of the company’s stock worth $415,000 after buying an additional 42 shares during the period. Perigon Wealth Management LLC lifted its holdings in DoorDash by 1.3% during the second quarter. Perigon Wealth Management LLC now owns 3,701 shares of the company’s stock valued at $912,000 after purchasing an additional 46 shares in the last quarter. Yeomans Consulting Group Inc. grew its position in shares of DoorDash by 3.9% in the second quarter. Yeomans Consulting Group Inc. now owns 1,369 shares of the company’s stock valued at $326,000 after purchasing an additional 51 shares during the period. Palo Alto Wealth Advisors LLC increased its stake in shares of DoorDash by 0.4% during the first quarter. Palo Alto Wealth Advisors LLC now owns 12,057 shares of the company’s stock worth $2,385,000 after purchasing an additional 54 shares in the last quarter. Finally, Westside Investment Management Inc. raised its position in shares of DoorDash by 9.0% during the 2nd quarter. Westside Investment Management Inc. now owns 654 shares of the company’s stock worth $160,000 after purchasing an additional 54 shares during the last quarter. Hedge funds and other institutional investors own 90.64% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the company. The Goldman Sachs Group cut their price objective on DoorDash from $315.00 to $279.00 and set a “buy” rating for the company in a research note on Friday, November 7th. Evercore ISI reiterated an “outperform” rating and set a $360.00 price target (up from $240.00) on shares of DoorDash in a research report on Friday, August 8th. Needham & Company LLC set a $300.00 price objective on DoorDash and gave the company a “buy” rating in a research note on Thursday, August 7th. Wall Street Zen cut shares of DoorDash from a “buy” rating to a “hold” rating in a research note on Saturday, November 1st. Finally, Cantor Fitzgerald dropped their target price on shares of DoorDash from $330.00 to $270.00 and set an “overweight” rating for the company in a report on Thursday, November 6th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-three have given a Buy rating and twelve have issued a Hold rating to the company’s stock. Based on data from MarketBeat, DoorDash currently has a consensus rating of “Moderate Buy” and a consensus price target of $279.74.

DoorDash Trading Down 2.1%

Shares of DoorDash stock opened at $196.51 on Thursday. The stock has a 50 day moving average of $256.01 and a 200 day moving average of $237.98. The company has a debt-to-equity ratio of 0.29, a quick ratio of 2.04 and a current ratio of 2.04. The firm has a market capitalization of $83.95 billion, a price-to-earnings ratio of 99.75 and a beta of 1.70. DoorDash, Inc. has a fifty-two week low of $155.40 and a fifty-two week high of $285.50.

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

Insider Buying and Selling at DoorDash

In other news, Director Andy Fang sold 30,000 shares of the business’s stock in a transaction that occurred on Monday, November 3rd. The shares were sold at an average price of $244.39, for a total value of $7,331,700.00. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Shona L. Brown sold 1,250 shares of DoorDash stock in a transaction that occurred on Thursday, October 9th. The shares were sold at an average price of $277.47, for a total transaction of $346,837.50. Following the completion of the sale, the director owned 37,252 shares of the company’s stock, valued at $10,336,312.44. This trade represents a 3.25% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 825,277 shares of company stock valued at $205,015,591. 5.83% of the stock is currently owned by company insiders.

About DoorDash

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.