Generate Investment Management Ltd Has $5.66 Million Stock Holdings in DoorDash, Inc. $DASH

Generate Investment Management Ltd decreased its holdings in shares of DoorDash, Inc. (NASDAQ:DASH) by 31.7% in the 1st quarter, HoldingsChannel.com reports. The fund owned 37,688 shares of the company’s stock after selling 17,510 shares during the quarter. Generate Investment Management Ltd’s holdings in DoorDash were worth $5,659,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Eastern Bank boosted its position in shares of DoorDash by 714.3% in the 4th quarter. Eastern Bank now owns 114 shares of the company’s stock worth $26,000 after purchasing an additional 100 shares during the last quarter. MV Capital Management Inc. bought a new stake in DoorDash in the fourth quarter valued at about $26,000. Swiss RE Ltd. bought a new stake in DoorDash in the fourth quarter valued at about $28,000. ST Germain D J Co. Inc. acquired a new position in DoorDash in the fourth quarter valued at about $29,000. Finally, Kemnay Advisory Services Inc. acquired a new position in DoorDash in the fourth quarter valued at about $32,000. Institutional investors and hedge funds own 90.64% of the company’s stock.

Key DoorDash News

Here are the key news stories impacting DoorDash this week:

• Positive Sentiment: DoorDash is drawing publicity from a World Cup-related marketing partnership featuring T-Pain, helping keep the brand in the conversation and adding visibility for the company’s advertising efforts. Article Title
• Positive Sentiment: The company also received attention for a Father’s Day themed food recommendation list and a high-profile DoorDash ad featuring Brooklyn Beckham, which suggests continued spending on marketing and brand awareness. Article Title
• Neutral Sentiment: Some of the coverage is largely social-media and entertainment chatter, including reactions to DoorDash repeatedly tagging T-Pain in World Cup posts. This is mostly a publicity story and may have limited direct financial impact. Article Title
• Negative Sentiment: DoorDash is also facing reputational pressure after multiple reports of scammers targeting drivers with fake support calls, with drivers reportedly losing money and bank information. That could raise concerns about platform security and trust. Article Title
• Negative Sentiment: Another negative headline involved a DoorDash delivery robot reportedly getting in the way of an active SWAT scene, which could prompt questions about operational oversight and safety around the company’s autonomous delivery efforts. Article Title

Insider Buying and Selling at DoorDash

In other DoorDash news, General Counsel Tia Sherringham sold 2,743 shares of the business’s stock in a transaction dated Friday, May 22nd. The shares were sold at an average price of $160.79, for a total transaction of $441,046.97. Following the sale, the general counsel directly owned 128,216 shares of the company’s stock, valued at $20,615,850.64. The trade was a 2.09% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Keith Yandell sold 2,643 shares of the firm’s stock in a transaction that occurred on Tuesday, May 26th. The shares were sold at an average price of $155.34, for a total value of $410,563.62. Following the completion of the transaction, the insider owned 81,106 shares of the company’s stock, valued at approximately $12,599,006.04. This represents a 3.16% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders sold 58,558 shares of company stock valued at $9,324,940. Corporate insiders own 5.83% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the company. Rothschild & Co Redburn set a $350.00 target price on DoorDash in a report on Tuesday, May 12th. BTIG Research cut their price target on shares of DoorDash from $280.00 to $225.00 and set a “buy” rating on the stock in a research report on Friday, June 12th. Piper Sandler reduced their price objective on shares of DoorDash from $220.00 to $205.00 and set a “neutral” rating on the stock in a research note on Thursday, May 7th. Zacks Research upgraded shares of DoorDash from a “strong sell” rating to a “hold” rating in a report on Tuesday, May 12th. Finally, Stifel Nicolaus cut their target price on shares of DoorDash from $215.00 to $185.00 and set a “hold” rating on the stock in a report on Monday, April 13th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-five have issued a Buy rating and nine have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, DoorDash presently has an average rating of “Moderate Buy” and an average price target of $256.11.

DoorDash Stock Performance

DASH opened at $172.08 on Tuesday. The business’s 50-day moving average price is $164.42 and its two-hundred day moving average price is $182.84. DoorDash, Inc. has a 1 year low of $143.30 and a 1 year high of $285.50. The company has a market capitalization of $74.98 billion, a price-to-earnings ratio of 81.94 and a beta of 1.83. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.43 and a quick ratio of 1.43.

DoorDash (NASDAQ:DASH) last released its earnings results on Wednesday, May 6th. The company reported $0.42 EPS for the quarter, beating the consensus estimate of $0.36 by $0.06. The firm had revenue of $4.04 billion for the quarter, compared to analysts’ expectations of $4.15 billion. DoorDash had a return on equity of 9.58% and a net margin of 6.29%.The business’s quarterly revenue was up 33.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.44 EPS. Equities analysts expect that DoorDash, Inc. will post 2.44 EPS for the current fiscal year.

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.