Healthcare of Ontario Pension Plan Trust Fund Buys 8,905 Shares of DoorDash, Inc. $DASH

Healthcare of Ontario Pension Plan Trust Fund grew its holdings in DoorDash, Inc. (NASDAQ:DASHFree Report) by 6.8% during the fourth quarter, Holdings Channel.com reports. The firm owned 139,214 shares of the company’s stock after acquiring an additional 8,905 shares during the quarter. Healthcare of Ontario Pension Plan Trust Fund’s holdings in DoorDash were worth $31,529,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Eastern Bank raised its holdings in shares of DoorDash by 714.3% in the fourth quarter. Eastern Bank now owns 114 shares of the company’s stock valued at $26,000 after purchasing an additional 100 shares during the last quarter. Swiss RE Ltd. acquired a new stake in shares of DoorDash in the fourth quarter valued at approximately $28,000. ST Germain D J Co. Inc. acquired a new stake in shares of DoorDash in the fourth quarter valued at approximately $29,000. Sunbelt Securities Inc. raised its holdings in shares of DoorDash by 124.1% in the third quarter. Sunbelt Securities Inc. now owns 121 shares of the company’s stock valued at $33,000 after purchasing an additional 67 shares during the last quarter. Finally, Morse Asset Management Inc acquired a new stake in shares of DoorDash in the third quarter valued at approximately $36,000. 90.64% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at DoorDash

In other DoorDash news, insider Keith Yandell sold 2,643 shares of DoorDash stock in a transaction on Tuesday, May 26th. The shares were sold at an average price of $155.34, for a total transaction of $410,563.62. Following the completion of the transaction, the insider directly owned 81,106 shares of the company’s stock, valued at $12,599,006.04. The trade was a 3.16% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Stanley Tang sold 21,433 shares of DoorDash stock in a transaction on Thursday, April 2nd. The stock was sold at an average price of $150.00, for a total transaction of $3,214,950.00. Following the transaction, the director directly owned 19,279 shares of the company’s stock, valued at approximately $2,891,850. This trade represents a 52.65% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders sold 68,558 shares of company stock valued at $10,914,640. 5.83% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the stock. TD Cowen assumed coverage on shares of DoorDash in a report on Monday, April 27th. They issued a “buy” rating and a $225.00 price objective on the stock. Truist Financial lowered their price objective on shares of DoorDash from $340.00 to $330.00 and set a “buy” rating on the stock in a report on Thursday, May 7th. BTIG Research lowered their price objective on shares of DoorDash from $280.00 to $225.00 and set a “buy” rating on the stock in a report on Friday. Weiss Ratings upgraded shares of DoorDash from a “hold (c-)” rating to a “hold (c)” rating in a report on Wednesday, May 13th. Finally, Cantor Fitzgerald lowered their price objective on shares of DoorDash from $285.00 to $230.00 and set an “overweight” rating on the stock in a report on Thursday, February 19th. Two research analysts have rated the stock with a Strong Buy rating, twenty-five have given a Buy rating and nine have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $256.11.

Check Out Our Latest Research Report on DASH

DoorDash Price Performance

NASDAQ:DASH opened at $168.09 on Tuesday. DoorDash, Inc. has a 1-year low of $143.30 and a 1-year high of $285.50. The company has a current ratio of 1.43, a quick ratio of 1.43 and a debt-to-equity ratio of 0.27. The firm has a fifty day simple moving average of $162.97 and a 200 day simple moving average of $183.96. The stock has a market capitalization of $73.24 billion, a PE ratio of 80.04 and a beta of 1.83.

DoorDash (NASDAQ:DASHGet Free Report) last released its earnings results on Wednesday, May 6th. The company reported $0.42 earnings per share for the quarter, beating the consensus estimate of $0.36 by $0.06. DoorDash had a net margin of 6.29% and a return on equity of 9.58%. The business had revenue of $4.04 billion during the quarter, compared to analysts’ expectations of $4.15 billion. During the same period last year, the business earned $0.44 earnings per share. The firm’s revenue was up 33.1% on a year-over-year basis. On average, research analysts expect that DoorDash, Inc. will post 2.45 EPS for the current fiscal year.

DoorDash Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for DoorDash (NASDAQ:DASH)

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