ING Groep NV Lowers Stake in DoorDash, Inc. $DASH

ING Groep NV lessened its holdings in DoorDash, Inc. (NASDAQ:DASHFree Report) by 94.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,151 shares of the company’s stock after selling 50,478 shares during the period. ING Groep NV’s holdings in DoorDash were worth $714,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently bought and sold shares of the company. American Century Companies Inc. increased its position in shares of DoorDash by 5.0% in the third quarter. American Century Companies Inc. now owns 485,088 shares of the company’s stock valued at $131,941,000 after buying an additional 22,944 shares in the last quarter. Caprock Group LLC purchased a new position in shares of DoorDash during the 3rd quarter valued at approximately $3,169,000. Intech Investment Management LLC lifted its position in shares of DoorDash by 707.8% during the 4th quarter. Intech Investment Management LLC now owns 253,348 shares of the company’s stock valued at $57,378,000 after buying an additional 221,985 shares in the last quarter. Vaughan Nelson Investment Management L.P. acquired a new stake in DoorDash in the 4th quarter valued at $41,712,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. grew its stake in DoorDash by 7.1% in the 3rd quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 806,191 shares of the company’s stock valued at $219,276,000 after acquiring an additional 53,722 shares during the period. Institutional investors and hedge funds own 90.64% of the company’s stock.

DoorDash Price Performance

DoorDash stock opened at $151.00 on Thursday. The company has a fifty day simple moving average of $162.65 and a 200-day simple moving average of $184.66. The firm has a market capitalization of $65.79 billion, a price-to-earnings ratio of 71.91 and a beta of 1.83. The company has a quick ratio of 1.43, a current ratio of 1.43 and a debt-to-equity ratio of 0.27. DoorDash, Inc. has a 52-week low of $143.30 and a 52-week high of $285.50.

DoorDash (NASDAQ:DASHGet Free Report) last posted its quarterly earnings results on Wednesday, May 6th. The company reported $0.42 earnings per share for the quarter, topping the consensus estimate of $0.36 by $0.06. The firm had revenue of $4.04 billion for the quarter, compared to the consensus estimate of $4.15 billion. DoorDash had a net margin of 6.29% and a return on equity of 9.58%. The company’s revenue for the quarter was up 33.1% on a year-over-year basis. During the same period last year, the firm posted $0.44 earnings per share. On average, equities analysts anticipate that DoorDash, Inc. will post 2.45 EPS for the current fiscal year.

More DoorDash News

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Wall Street Analysts Forecast Growth

DASH has been the subject of a number of research analyst reports. Moffett Nathanson set a $276.00 price objective on shares of DoorDash in a research report on Wednesday, April 15th. Zacks Research upgraded shares of DoorDash from a “strong sell” rating to a “hold” rating in a research report on Tuesday, May 12th. Stifel Nicolaus reduced their price target on shares of DoorDash from $215.00 to $185.00 and set a “hold” rating for the company in a research report on Monday, April 13th. Truist Financial decreased their price target on shares of DoorDash from $340.00 to $330.00 and set a “buy” rating on the stock in a research note on Thursday, May 7th. Finally, Roth Mkm reiterated a “neutral” rating and issued a $200.00 price objective on shares of DoorDash in a report on Thursday, February 19th. Two 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, the company has a consensus rating of “Moderate Buy” and a consensus target price of $259.58.

View Our Latest Analysis on DASH

Insider Buying and Selling at DoorDash

In other DoorDash news, Director Stanley Tang sold 21,433 shares of the firm’s stock in a transaction that occurred on Thursday, April 2nd. The shares were sold at an average price of $150.00, for a total value of $3,214,950.00. Following the transaction, the director directly owned 19,279 shares of the company’s stock, valued at $2,891,850. This trade represents a 52.65% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Keith Yandell sold 2,643 shares of the business’s stock in a transaction that occurred on Tuesday, May 26th. The stock was sold at an average price of $155.34, for a total value of $410,563.62. Following the transaction, the insider owned 81,106 shares in the company, valued at approximately $12,599,006.04. This represents a 3.16% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 68,558 shares of company stock worth $10,914,640 in the last quarter. Insiders own 5.83% of the company’s stock.

DoorDash Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for DoorDash (NASDAQ:DASH)

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