Hilltop National Bank Acquires Shares of 471 DoorDash, Inc. $DASH

Hilltop National Bank acquired a new stake in DoorDash, Inc. (NASDAQ:DASH) in the second quarter, HoldingsChannel.com reports. The fund acquired 471 shares of the company’s stock, valued at approximately $116,000.

A number of other institutional investors have also made changes to their positions in the business. Saudi Central Bank acquired a new stake in DoorDash during the 1st quarter valued at $25,000. WPG Advisers LLC bought a new position in shares of DoorDash in the first quarter valued at about $26,000. Pacific Center for Financial Services acquired a new stake in shares of DoorDash during the 1st quarter worth about $27,000. Harbour Investments Inc. boosted its holdings in shares of DoorDash by 55.6% during the 1st quarter. Harbour Investments Inc. now owns 196 shares of the company’s stock worth $36,000 after buying an additional 70 shares during the period. Finally, SouthState Corp grew its stake in DoorDash by 762.5% in the 1st quarter. SouthState Corp now owns 207 shares of the company’s stock valued at $38,000 after buying an additional 183 shares during the last quarter. 90.64% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages have issued reports on DASH. UBS Group raised their price objective on shares of DoorDash from $260.00 to $280.00 and gave the stock a “neutral” rating in a research report on Thursday, August 7th. Raymond James Financial restated a “strong-buy” rating and issued a $325.00 price target (up from $275.00) on shares of DoorDash in a research note on Thursday, August 7th. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $330.00 price objective on shares of DoorDash in a report on Wednesday, September 17th. Bank of America lifted their target price on DoorDash from $230.00 to $245.00 and gave the stock a “buy” rating in a report on Thursday, June 12th. Finally, JMP Securities upped their price target on shares of DoorDash from $250.00 to $335.00 and gave the company a “market outperform” rating in a research note on Thursday, August 7th. Two research analysts have rated the stock with a Strong Buy rating, twenty have given a Buy rating and fourteen have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, DoorDash currently has a consensus rating of “Moderate Buy” and a consensus price target of $275.27.

Insider Buying and Selling at DoorDash

In other DoorDash news, CFO Ravi Inukonda sold 1,425 shares of the company’s stock in a transaction dated Wednesday, September 24th. The stock was sold at an average price of $266.16, for a total value of $379,278.00. Following the completion of the transaction, the chief financial officer owned 214,772 shares of the company’s stock, valued at $57,163,715.52. This represents a 0.66% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, COO Prabir Adarkar sold 30,000 shares of DoorDash stock in a transaction dated Monday, September 29th. The shares were sold at an average price of $270.60, for a total value of $8,118,000.00. Following the sale, the chief operating officer directly owned 914,547 shares in the company, valued at $247,476,418.20. The trade was a 3.18% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 1,001,417 shares of company stock worth $249,569,754 over the last three months. 5.83% of the stock is owned by corporate insiders.

DoorDash Price Performance

DASH stock opened at $271.22 on Friday. The stock has a market cap of $115.87 billion, a price-to-earnings ratio of 150.68 and a beta of 1.71. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.07 and a quick ratio of 2.07. The company has a 50 day simple moving average of $255.52 and a 200 day simple moving average of $224.15. DoorDash, Inc. has a 1 year low of $141.26 and a 1 year high of $278.15.

DoorDash (NASDAQ:DASH) last posted its earnings results on Wednesday, August 6th. The company reported $0.65 earnings per share for the quarter, topping analysts’ consensus estimates of $0.42 by $0.23. The firm had revenue of $3.28 billion for the quarter, compared to analysts’ expectations of $3.16 billion. DoorDash had a net margin of 6.57% and a return on equity of 9.56%. The company’s revenue was up 24.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($0.38) earnings per share. Research analysts anticipate that DoorDash, Inc. will post 2.22 EPS for the current fiscal year.

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.