Banco Santander S.A. Invests $666,000 in DoorDash, Inc. (NASDAQ:DASH)

Banco Santander S.A. bought a new stake in shares of DoorDash, Inc. (NASDAQ:DASH) during the 3rd quarter, according to its most recent filing with the SEC. The fund bought 4,669 shares of the company’s stock, valued at approximately $666,000.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in DASH. O Shaughnessy Asset Management LLC boosted its holdings in DoorDash by 29.4% during the first quarter. O Shaughnessy Asset Management LLC now owns 8,565 shares of the company’s stock valued at $1,180,000 after purchasing an additional 1,944 shares in the last quarter. UniSuper Management Pty Ltd raised its stake in DoorDash by 94.7% during the first quarter. UniSuper Management Pty Ltd now owns 3,700 shares of the company’s stock worth $510,000 after acquiring an additional 1,800 shares in the last quarter. LRI Investments LLC bought a new position in shares of DoorDash during the first quarter valued at $105,000. Lazard Asset Management LLC boosted its stake in shares of DoorDash by 18,975.0% in the 1st quarter. Lazard Asset Management LLC now owns 2,289 shares of the company’s stock valued at $314,000 after purchasing an additional 2,277 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD boosted its stake in shares of DoorDash by 4.6% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 5,469,647 shares of the company’s stock valued at $753,281,000 after purchasing an additional 242,956 shares in the last quarter. Institutional investors own 90.64% of the company’s stock.

Wall Street Analysts Forecast Growth

DASH has been the subject of several analyst reports. Bank of America lifted their price target on shares of DoorDash from $168.00 to $172.00 and gave the company a “buy” rating in a report on Thursday, October 31st. Morgan Stanley lifted their target price on shares of DoorDash from $145.00 to $150.00 and gave the company an “overweight” rating in a research note on Friday, August 2nd. BTIG Research raised DoorDash from a “neutral” rating to a “buy” rating and set a $155.00 price target for the company in a report on Thursday, September 19th. Raymond James started coverage on DoorDash in a research report on Tuesday, September 24th. They issued an “outperform” rating and a $155.00 price objective for the company. Finally, Jefferies Financial Group increased their target price on DoorDash from $155.00 to $180.00 and gave the stock a “buy” rating in a report on Tuesday, October 22nd. Ten equities research analysts have rated the stock with a hold rating and twenty-four have issued a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $164.03.

DoorDash Trading Up 2.4 %

Shares of DASH stock opened at $177.24 on Friday. The firm has a fifty day simple moving average of $153.61 and a two-hundred day simple moving average of $128.87. The firm has a market capitalization of $73.63 billion, a PE ratio of -393.87, a price-to-earnings-growth ratio of 14.82 and a beta of 1.67. DoorDash, Inc. has a 12 month low of $92.56 and a 12 month high of $178.16.

DoorDash (NASDAQ:DASH) last released its quarterly earnings results on Wednesday, October 30th. The company reported $0.38 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.21 by $0.17. The business had revenue of $2.71 billion during the quarter, compared to the consensus estimate of $2.66 billion. DoorDash had a negative return on equity of 2.41% and a negative net margin of 1.69%. The company’s quarterly revenue was up 25.0% on a year-over-year basis. During the same quarter in the previous year, the business earned ($0.19) EPS. On average, equities analysts predict that DoorDash, Inc. will post 0.24 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, CFO Ravi Inukonda sold 7,000 shares of the business’s stock in a transaction that occurred on Friday, August 30th. The stock was sold at an average price of $127.86, for a total value of $895,020.00. Following the transaction, the chief financial officer now owns 396,152 shares in the company, valued at $50,651,994.72. The trade was a 1.74 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Andy Fang sold 50,000 shares of the stock in a transaction that occurred on Thursday, September 12th. The shares were sold at an average price of $130.20, for a total value of $6,510,000.00. Following the sale, the director now directly owns 18,089 shares of the company’s stock, valued at $2,355,187.80. The trade was a 73.43 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 547,753 shares of company stock worth $84,544,996. 7.92% of the stock is owned by corporate insiders.

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.