Swiss National Bank Decreases Holdings in DoorDash, Inc. $DASH

Swiss National Bank reduced its position in DoorDash, Inc. (NASDAQ:DASH) by 4.6% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,034,300 shares of the company’s stock after selling 50,300 shares during the period. Swiss National Bank owned about 0.24% of DoorDash worth $281,319,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of DASH. Physician Wealth Advisors Inc. grew its holdings in DoorDash by 284.0% in the third quarter. Physician Wealth Advisors Inc. now owns 96 shares of the company’s stock valued at $26,000 after purchasing an additional 71 shares during the last quarter. Sound Income Strategies LLC boosted its position in shares of DoorDash by 2,760.0% in the 3rd quarter. Sound Income Strategies LLC now owns 143 shares of the company’s stock worth $39,000 after buying an additional 138 shares in the last quarter. Rossby Financial LCC boosted its position in shares of DoorDash by 127.8% in the 3rd quarter. Rossby Financial LCC now owns 164 shares of the company’s stock worth $44,000 after buying an additional 92 shares in the last quarter. Annis Gardner Whiting Capital Advisors LLC grew its stake in DoorDash by 74.3% in the 3rd quarter. Annis Gardner Whiting Capital Advisors LLC now owns 176 shares of the company’s stock valued at $48,000 after acquiring an additional 75 shares during the last quarter. Finally, Asset Planning Inc acquired a new stake in DoorDash in the 3rd quarter valued at about $50,000. 90.64% of the stock is owned by institutional investors and hedge funds.

DoorDash Stock Performance

Shares of DASH stock opened at $179.17 on Monday. The company has a market cap of $77.84 billion, a P/E ratio of 84.51 and a beta of 1.82. The business has a 50 day moving average of $196.55 and a two-hundred day moving average of $225.32. DoorDash, Inc. has a 52 week low of $155.40 and a 52 week high of $285.50. The company has a quick ratio of 1.41, a current ratio of 1.41 and a debt-to-equity ratio of 0.27.

DoorDash (NASDAQ:DASH) last announced its quarterly earnings results on Wednesday, February 18th. The company reported $0.48 earnings per share for the quarter, missing analysts’ consensus estimates of $0.58 by ($0.10). The company had revenue of $3.96 billion for the quarter, compared to analyst estimates of $3.98 billion. DoorDash had a return on equity of 10.15% and a net margin of 6.82%.The firm’s revenue for the quarter was up 37.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.33 earnings per share. As a group, analysts anticipate that DoorDash, Inc. will post 2.22 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on DASH shares. Mizuho cut their target price on shares of DoorDash from $320.00 to $255.00 and set an “outperform” rating for the company in a research report on Tuesday, March 3rd. Citizens Jmp dropped their price objective on DoorDash from $285.00 to $250.00 and set a “market outperform” rating for the company in a report on Friday, February 20th. BMO Capital Markets restated an “outperform” rating on shares of DoorDash in a research note on Friday, December 12th. Stifel Nicolaus reduced their price target on shares of DoorDash from $253.00 to $224.00 and set a “hold” rating on the stock in a research report on Tuesday, January 27th. Finally, DA Davidson lowered their price objective on DoorDash from $260.00 to $224.00 and set a “neutral” rating for the company in a report on Thursday, February 19th. One research analyst has rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating and nine have given a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $262.82.

Insider Transactions at DoorDash

In other news, CEO Tony Xu sold 16,667 shares of the business’s stock in a transaction on Monday, January 5th. The shares were sold at an average price of $230.00, for a total transaction of $3,833,410.00. Following the completion of the transaction, the chief executive officer owned 1,500 shares of the company’s stock, valued at approximately $345,000. The trade was a 91.74% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Shona L. Brown sold 1,250 shares of the company’s stock in a transaction dated Monday, February 9th. The stock was sold at an average price of $181.28, for a total transaction of $226,600.00. Following the transaction, the director owned 32,252 shares of the company’s stock, valued at $5,846,642.56. This represents a 3.73% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 220,826 shares of company stock valued at $48,944,946 over the last three months. 5.83% of the stock is currently owned by company insiders.

DoorDash Company Profile

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.