Huntington National Bank Boosts Stock Holdings in DoorDash, Inc. $DASH

Huntington National Bank lifted its stake in DoorDash, Inc. (NASDAQ:DASH) by 46.2% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,003 shares of the company’s stock after purchasing an additional 317 shares during the period. Huntington National Bank’s holdings in DoorDash were worth $247,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Gilbert & Cook Inc. raised its position in DoorDash by 2.6% in the 2nd quarter. Gilbert & Cook Inc. now owns 1,685 shares of the company’s stock valued at $415,000 after purchasing an additional 42 shares in the last quarter. Perigon Wealth Management LLC grew its position in shares of DoorDash by 1.3% during the second quarter. Perigon Wealth Management LLC now owns 3,701 shares of the company’s stock worth $912,000 after buying an additional 46 shares in the last quarter. Yeomans Consulting Group Inc. increased its stake in shares of DoorDash by 3.9% during the second quarter. Yeomans Consulting Group Inc. now owns 1,369 shares of the company’s stock worth $326,000 after buying an additional 51 shares during the period. Palo Alto Wealth Advisors LLC raised its holdings in DoorDash by 0.4% in the first quarter. Palo Alto Wealth Advisors LLC now owns 12,057 shares of the company’s stock valued at $2,385,000 after acquiring an additional 54 shares in the last quarter. Finally, Westside Investment Management Inc. lifted its stake in DoorDash by 9.0% in the second quarter. Westside Investment Management Inc. now owns 654 shares of the company’s stock worth $160,000 after acquiring an additional 54 shares during the last quarter. 90.64% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at DoorDash

In other news, Director Stanley Tang sold 45,410 shares of DoorDash stock in a transaction on Tuesday, September 2nd. The shares were sold at an average price of $243.31, for a total value of $11,048,707.10. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, COO Prabir Adarkar sold 41,881 shares of the company’s stock in a transaction on Monday, August 25th. The shares were sold at an average price of $245.82, for a total transaction of $10,295,187.42. Following the completion of the sale, the chief operating officer owned 914,547 shares of the company’s stock, valued at approximately $224,813,943.54. This trade represents a 4.38% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 876,527 shares of company stock worth $218,129,954. Insiders own 5.83% of the company’s stock.

DoorDash Stock Up 4.0%

DoorDash stock opened at $204.31 on Friday. The company has a market capitalization of $87.28 billion, a P/E ratio of 103.71 and a beta of 1.70. The company has a debt-to-equity ratio of 0.29, a quick ratio of 2.07 and a current ratio of 2.04. DoorDash, Inc. has a fifty-two week low of $155.40 and a fifty-two week high of $285.50. The stock has a 50-day simple moving average of $258.75 and a 200-day simple moving average of $237.24.

DoorDash (NASDAQ:DASH) last released its quarterly earnings results on Wednesday, November 5th. The company reported $0.55 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.68 by ($0.13). The firm had revenue of $3.45 billion for the quarter, compared to analysts’ expectations of $3.35 billion. DoorDash had a return on equity of 9.97% and a net margin of 6.83%.The company’s quarterly revenue was up 27.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.38 EPS. Equities research analysts expect that DoorDash, Inc. will post 2.22 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on DASH shares. Barclays dropped their price objective on shares of DoorDash from $272.00 to $238.00 and set an “equal weight” rating on the stock in a research report on Thursday. Zacks Research raised DoorDash from a “hold” rating to a “strong-buy” rating in a report on Monday, October 13th. Royal Bank Of Canada cut their price target on DoorDash from $300.00 to $270.00 and set an “outperform” rating on the stock in a research note on Thursday. Morgan Stanley lifted their price target on DoorDash from $300.00 to $330.00 and gave the stock an “overweight” rating in a report on Monday, October 20th. Finally, Roth Capital increased their price objective on DoorDash from $191.00 to $225.00 and gave the company a “neutral” rating in a report on Monday, July 14th. Four investment analysts have rated the stock with a Strong Buy rating, twenty-two have given a Buy rating and eleven have assigned a Hold rating to the company. Based on data from MarketBeat, DoorDash presently has a consensus rating of “Moderate Buy” and an average target price of $280.62.

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.