DoorDash, Inc. $DASH Shares Sold by Groupama Asset Managment

Groupama Asset Managment reduced its position in shares of DoorDash, Inc. (NASDAQ:DASHFree Report) by 99.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,221 shares of the company’s stock after selling 1,300,437 shares during the period. Groupama Asset Managment’s holdings in DoorDash were worth $956,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also modified their holdings of the company. MV Capital Management Inc. acquired a new position in DoorDash during the 4th quarter worth about $26,000. Eastern Bank boosted its holdings in DoorDash by 714.3% during the 4th quarter. Eastern Bank now owns 114 shares of the company’s stock valued at $26,000 after acquiring an additional 100 shares during the period. Sunbelt Securities Inc. grew its position in DoorDash by 124.1% in the 3rd quarter. Sunbelt Securities Inc. now owns 121 shares of the company’s stock valued at $33,000 after acquiring an additional 67 shares in the last quarter. Swiss RE Ltd. purchased a new stake in DoorDash during the fourth quarter worth about $28,000. Finally, ST Germain D J Co. Inc. purchased a new stake in DoorDash during the fourth quarter worth about $29,000. 90.64% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the stock. Rothschild & Co Redburn set a $350.00 price objective on shares of DoorDash in a research note on Tuesday, May 12th. DA Davidson dropped their price objective on shares of DoorDash from $224.00 to $200.00 and set a “neutral” rating for the company in a report on Thursday, May 7th. Piper Sandler cut their target price on shares of DoorDash from $220.00 to $205.00 and set a “neutral” rating on the stock in a research note on Thursday, May 7th. Argus set a $190.00 target price on shares of DoorDash in a report on Thursday, June 11th. Finally, BTIG Research decreased their price target on shares of DoorDash from $280.00 to $225.00 and set a “buy” rating for the company in a research report on Friday, June 12th. Two research analysts have rated the stock with a Strong Buy rating, twenty-five have issued a Buy rating and nine have assigned a Hold rating to the company. According to MarketBeat.com, the company 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 News Summary

Here are the key news stories impacting DoorDash this week:

DoorDash Stock Performance

Shares of DASH opened at $173.49 on Friday. The stock has a 50-day simple moving average of $164.07 and a 200-day simple moving average of $183.31. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.43 and a current ratio of 1.43. The stock has a market capitalization of $75.59 billion, a PE ratio of 82.61 and a beta of 1.83. DoorDash, Inc. has a 1 year low of $143.30 and a 1 year high of $285.50.

DoorDash (NASDAQ:DASHGet Free Report) last announced its quarterly earnings data on Wednesday, May 6th. The company reported $0.42 EPS for the quarter, topping analysts’ consensus estimates of $0.36 by $0.06. DoorDash had a return on equity of 9.58% and a net margin of 6.29%.The business had revenue of $4.04 billion during the quarter, compared to the consensus estimate of $4.15 billion. During the same period in the previous year, the company posted $0.44 earnings per share. The business’s revenue for the quarter was up 33.1% on a year-over-year basis. On average, analysts predict that DoorDash, Inc. will post 2.44 earnings per share for the current fiscal year.

Insider Activity

In other DoorDash news, General Counsel Tia Sherringham sold 2,743 shares of the stock in a transaction that occurred on Friday, May 22nd. The shares were sold at an average price of $160.79, for a total value of $441,046.97. Following the sale, the general counsel directly owned 128,216 shares of the company’s stock, valued at approximately $20,615,850.64. This represents a 2.09% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, COO Prabir Adarkar sold 21,739 shares of the firm’s stock in a transaction on Tuesday, May 26th. The shares were sold at an average price of $155.25, for a total transaction of $3,374,979.75. Following the completion of the sale, the chief operating officer owned 959,076 shares in the company, valued at $148,896,549. The trade was a 2.22% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 68,558 shares of company stock worth $10,914,640 over the last three months. Insiders own 5.83% of the company’s stock.

About DoorDash

(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.

See Also

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Institutional Ownership by Quarter for DoorDash (NASDAQ:DASH)

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