PNC Financial Services Group Inc. lifted its stake in shares of DoorDash, Inc. (NASDAQ:DASH – Free Report) by 168.0% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 10,956 shares of the company’s stock after acquiring an additional 6,868 shares during the quarter. PNC Financial Services Group Inc.’s holdings in DoorDash were worth $871,000 at the end of the most recent reporting period.
Several other hedge funds also recently bought and sold shares of the company. Fifth Third Bancorp increased its position in shares of DoorDash by 448.8% in the 3rd quarter. Fifth Third Bancorp now owns 439 shares of the company’s stock valued at $35,000 after acquiring an additional 359 shares during the period. Natixis purchased a new stake in shares of DoorDash during the 2nd quarter worth $52,000. Loomis Sayles & Co. L P lifted its position in DoorDash by 1,274.5% in the third quarter. Loomis Sayles & Co. L P now owns 701 shares of the company’s stock valued at $56,000 after acquiring an additional 650 shares during the last quarter. US Bancorp DE increased its stake in shares of DoorDash by 204.6% during the first quarter. US Bancorp DE now owns 926 shares of the company’s stock worth $109,000 after acquiring an additional 622 shares during the period. Finally, Belpointe Asset Management LLC boosted its holdings in DoorDash by 7,242.9% during the first quarter. Belpointe Asset Management LLC now owns 1,028 shares of the company’s stock worth $65,000 after buying an additional 1,014 shares in the last quarter. Institutional investors own 75.84% of the company’s stock.
Analyst Ratings Changes
Several equities research analysts have recently issued reports on the stock. JPMorgan Chase & Co. increased their price objective on shares of DoorDash from $95.00 to $96.00 and gave the stock a “neutral” rating in a research report on Thursday, November 2nd. Royal Bank of Canada lifted their price objective on shares of DoorDash from $105.00 to $130.00 and gave the stock a “sector perform” rating in a research note on Friday, February 16th. Morgan Stanley upgraded shares of DoorDash from an “equal weight” rating to an “overweight” rating and raised their price target for the stock from $135.00 to $145.00 in a report on Thursday. Truist Financial boosted their price objective on shares of DoorDash from $130.00 to $140.00 and gave the stock a “buy” rating in a research note on Friday, February 16th. Finally, Roth Mkm upped their target price on shares of DoorDash from $92.00 to $109.00 and gave the stock a “neutral” rating in a report on Friday, January 19th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $116.27.
Get Our Latest Analysis on DoorDash
DoorDash Price Performance
NASDAQ DASH opened at $121.76 on Monday. The company has a market capitalization of $48.49 billion, a price-to-earnings ratio of -85.15, a price-to-earnings-growth ratio of 50.26 and a beta of 1.72. DoorDash, Inc. has a 12 month low of $51.50 and a 12 month high of $126.65. The company’s fifty day moving average price is $106.97 and its two-hundred day moving average price is $92.08.
DoorDash (NASDAQ:DASH – Get Free Report) last announced its earnings results on Thursday, February 15th. The company reported ($0.39) EPS for the quarter, missing the consensus estimate of ($0.15) by ($0.24). The firm had revenue of $2.30 billion during the quarter, compared to analyst estimates of $2.25 billion. DoorDash had a negative return on equity of 8.49% and a negative net margin of 6.46%. The business’s quarterly revenue was up 26.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned ($0.63) earnings per share. As a group, analysts anticipate that DoorDash, Inc. will post 0.06 EPS for the current year.
Insider Buying and Selling
In other DoorDash news, Director Shona L. Brown sold 700 shares of the business’s stock in a transaction on Friday, January 5th. The shares were sold at an average price of $93.54, for a total value of $65,478.00. Following the sale, the director now owns 72,214 shares of the company’s stock, valued at approximately $6,754,897.56. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In related news, Director Shona L. Brown sold 700 shares of the company’s stock in a transaction dated Friday, January 5th. The shares were sold at an average price of $93.54, for a total transaction of $65,478.00. Following the transaction, the director now owns 72,214 shares in the company, valued at approximately $6,754,897.56. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Andy Fang sold 67,000 shares of the company’s stock in a transaction dated Friday, February 16th. The shares were sold at an average price of $110.57, for a total transaction of $7,408,190.00. Following the transaction, the director now owns 40,969 shares in the company, valued at $4,529,942.33. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 481,584 shares of company stock valued at $49,835,000. 9.59% of the stock is owned by company insiders.
DoorDash Profile
DoorDash, Inc operates a logistics platform that connects merchants, consumers, and dashers in the United States and internationally. It operates DoorDash and Wolt marketplaces, which provides an array of services that enable merchants to solve mission-critical challenges, such as customer acquisition, delivery, insights and analytics, merchandising, payment processing, and customer support; DashPass and Wolt+, a membership products; and offers DoorDash Drive and Wolt Drive, a white-label delivery fulfillment services; DoorDash Storefront that enables merchants to offer consumers on-demand access to e-commerce; and Bbot, which offers merchants digital ordering and payment solutions for in-store and online channels.
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