MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Raises Stock Position in DoorDash, Inc. $DASH

by · The Cerbat Gem

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in DoorDash, Inc. (NASDAQ:DASH – Free Report) by 17.7% in the 1st quarter, Holdings Channel.com reports. The fund owned 360,292 shares of the company’s stock after acquiring an additional 54,090 shares during the quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.’s holdings in DoorDash were worth $65,851,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of DASH. Saudi Central Bank purchased a new stake in shares of DoorDash in the first quarter valued at about $25,000. WPG Advisers LLC acquired a new stake in shares of DoorDash during the first quarter worth about $26,000. Harbour Investments Inc. increased its stake in shares of DoorDash by 55.6% during the first quarter. Harbour Investments Inc. now owns 196 shares of the company’s stock worth $36,000 after buying an additional 70 shares during the period. SouthState Corp increased its stake in shares of DoorDash by 762.5% during the first quarter. SouthState Corp now owns 207 shares of the company’s stock worth $38,000 after buying an additional 183 shares during the period. Finally, ORG Partners LLC increased its stake in DoorDash by 404.0% in the first quarter. ORG Partners LLC now owns 252 shares of the company’s stock valued at $46,000 after purchasing an additional 202 shares during the last quarter. Hedge funds and other institutional investors own 90.64% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have commented on the stock. Jefferies Financial Group increased their price target on shares of DoorDash from $250.00 to $265.00 and gave the company a “hold” rating in a research note on Monday, August 11th. Royal Bank Of Canada raised their target price on DoorDash from $230.00 to $300.00 and gave the company an “outperform” rating in a report on Thursday, August 7th. Wedbush reissued a “neutral” rating on shares of DoorDash in a report on Friday, August 8th. BMO Capital Markets raised their price target on DoorDash from $238.00 to $288.00 and gave the company an “outperform” rating in a research report on Thursday, August 7th. Finally, Piper Sandler raised their price target on DoorDash from $210.00 to $290.00 and gave the company a “neutral” rating in a research report on Thursday, August 7th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating and thirteen have given a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $264.65.

Read Our Latest Research Report on DoorDash

Insider Buying and Selling

In other news, insider Keith Yandell sold 18,034 shares of DoorDash stock in a transaction dated Tuesday, September 2nd. The stock was sold at an average price of $243.16, for a total value of $4,385,147.44. Following the transaction, the insider directly owned 75,432 shares of the company’s stock, valued at $18,342,045.12. The trade was a 19.29% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, General Counsel Tia Sherringham sold 2,924 shares of DoorDash stock in a transaction dated Wednesday, September 3rd. The shares were sold at an average price of $250.00, for a total value of $731,000.00. Following the completion of the transaction, the general counsel directly owned 112,782 shares in the company, valued at $28,195,500. This represents a 2.53% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 1,019,042 shares of company stock worth $248,122,219 over the last ninety days. Insiders own 5.83% of the company’s stock.

DoorDash Stock Down 0.8%

DASH opened at $246.85 on Friday. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.07 and a quick ratio of 2.07. The stock has a market capitalization of $105.45 billion, a price-to-earnings ratio of 137.14 and a beta of 1.70. The business has a 50-day moving average of $246.58 and a two-hundred day moving average of $214.00. DoorDash, Inc. has a 12 month low of $122.32 and a 12 month high of $278.15.

DoorDash (NASDAQ:DASH – Get Free Report) last posted its quarterly earnings results on Wednesday, August 6th. The company reported $0.65 EPS for the quarter, beating the consensus estimate of $0.42 by $0.23. The company had revenue of $3.28 billion during the quarter, compared to analysts’ expectations of $3.16 billion. DoorDash had a return on equity of 9.56% and a net margin of 6.57%.The firm’s revenue was up 24.9% on a year-over-year basis. During the same quarter in the previous year, the business earned ($0.38) EPS. On average, research analysts expect that DoorDash, Inc. will post 2.22 earnings per share for the current year.

About DoorDash

(Free Report)

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.

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