Itau Unibanco Holding S.A. Purchases Shares of 8,832 DoorDash, Inc. (NASDAQ:DASH)

Itau Unibanco Holding S.A. purchased a new position in shares of DoorDash, Inc. (NASDAQ:DASH) during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 8,832 shares of the company’s stock, valued at approximately $1,261,000.

Other large investors have also bought and sold shares of the company. Rakuten Securities Inc. boosted its stake in shares of DoorDash by 302.3% during the 3rd quarter. Rakuten Securities Inc. now owns 173 shares of the company’s stock worth $25,000 after buying an additional 130 shares during the last quarter. Meeder Asset Management Inc. increased its position in DoorDash by 82.0% during the 2nd quarter. Meeder Asset Management Inc. now owns 293 shares of the company’s stock valued at $32,000 after purchasing an additional 132 shares during the period. Headlands Technologies LLC acquired a new position in shares of DoorDash during the 2nd quarter valued at $32,000. Versant Capital Management Inc increased its stake in DoorDash by 340.8% during the 2nd quarter. Versant Capital Management Inc now owns 335 shares of the company’s stock valued at $36,000 after purchasing an additional 259 shares in the last quarter. Finally, Quest Partners LLC boosted its holdings in DoorDash by 146.8% during the 2nd quarter. Quest Partners LLC now owns 343 shares of the company’s stock worth $37,000 after acquiring an additional 204 shares during the last quarter. 90.64% of the stock is currently owned by institutional investors and hedge funds.

DoorDash Price Performance

DASH stock opened at $176.37 on Tuesday. DoorDash, Inc. has a 52-week low of $93.33 and a 52-week high of $181.30. The company’s 50-day simple moving average is $158.11 and its 200-day simple moving average is $131.31.

DoorDash (NASDAQ:DASH) last announced its quarterly earnings data on Wednesday, October 30th. The company reported $0.38 earnings per share for the quarter, beating analysts’ consensus estimates of $0.21 by $0.17. DoorDash had a negative net margin of 1.69% and a negative return on equity of 2.41%. The firm had revenue of $2.71 billion during the quarter, compared to analysts’ expectations of $2.66 billion. During the same quarter in the previous year, the business posted ($0.19) earnings per share. The business’s quarterly revenue was up 25.0% compared to the same quarter last year. On average, sell-side analysts forecast that DoorDash, Inc. will post 0.26 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on DASH. Bank of America boosted their price objective on DoorDash from $168.00 to $172.00 and gave the company a “buy” rating in a research note on Thursday, October 31st. DA Davidson lifted their price target on shares of DoorDash from $119.00 to $150.00 and gave the company a “neutral” rating in a research report on Thursday, October 31st. Citigroup increased their price objective on shares of DoorDash from $155.00 to $211.00 and gave the company a “buy” rating in a research report on Wednesday, November 27th. Loop Capital increased their price target on DoorDash from $170.00 to $200.00 and gave the stock a “buy” rating in a research note on Tuesday, November 12th. Finally, Mizuho upped their price objective on DoorDash from $162.00 to $173.00 and gave the company an “outperform” rating in a research report on Thursday, October 24th. Ten equities research analysts have rated the stock with a hold rating and twenty-four have given a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $166.06.

Insider Buying and Selling

In other news, CEO Tony Xu sold 108,334 shares of the company’s stock in a transaction dated Tuesday, November 26th. The stock was sold at an average price of $180.07, for a total value of $19,507,703.38. Following the completion of the sale, the chief executive officer now owns 1,500 shares of the company’s stock, valued at $270,105. This represents a 98.63 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, General Counsel Tia Sherringham sold 12,950 shares of the business’s stock in a transaction on Wednesday, November 20th. The shares were sold at an average price of $169.98, for a total transaction of $2,201,241.00. Following the sale, the general counsel now owns 145,917 shares of the company’s stock, valued at approximately $24,802,971.66. The trade was a 8.15 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 654,596 shares of company stock valued at $104,128,585 over the last quarter. 7.92% of the stock is currently owned by insiders.

DoorDash 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.