BNP PARIBAS ASSET MANAGEMENT Holding S.A. Buys 2,602 Shares of DoorDash, Inc. (NASDAQ:DASH)

BNP PARIBAS ASSET MANAGEMENT Holding S.A. grew its stake in shares of DoorDash, Inc. (NASDAQ:DASH) by 7.2% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 38,819 shares of the company’s stock after acquiring an additional 2,602 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A.’s holdings in DoorDash were worth $5,541,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Citizens Financial Group Inc. RI grew its holdings in DoorDash by 113.2% during the third quarter. Citizens Financial Group Inc. RI now owns 23,057 shares of the company’s stock valued at $3,291,000 after purchasing an additional 12,242 shares during the period. Retireful LLC purchased a new position in shares of DoorDash during the 3rd quarter valued at $620,000. First Horizon Advisors Inc. grew its stake in shares of DoorDash by 86.4% during the 3rd quarter. First Horizon Advisors Inc. now owns 656 shares of the company’s stock worth $94,000 after acquiring an additional 304 shares during the period. Commerce Bank increased its holdings in DoorDash by 63.9% in the 3rd quarter. Commerce Bank now owns 6,525 shares of the company’s stock worth $931,000 after acquiring an additional 2,543 shares during the last quarter. Finally, PNC Financial Services Group Inc. raised its stake in DoorDash by 4.3% in the 3rd quarter. PNC Financial Services Group Inc. now owns 16,565 shares of the company’s stock valued at $2,364,000 after acquiring an additional 676 shares during the period. Hedge funds and other institutional investors own 90.64% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on DASH. Truist Financial increased their target price on shares of DoorDash from $170.00 to $180.00 and gave the stock a “buy” rating in a research report on Thursday, October 31st. Roth Mkm boosted their target price on shares of DoorDash from $118.00 to $124.00 and gave the company a “neutral” rating in a report on Monday, August 5th. Bank of America raised their price target on DoorDash from $168.00 to $172.00 and gave the stock a “buy” rating in a report on Thursday, October 31st. JPMorgan Chase & Co. boosted their price objective on DoorDash from $137.00 to $155.00 and gave the company a “neutral” rating in a research note on Thursday, October 31st. Finally, Oppenheimer raised their target price on DoorDash from $145.00 to $160.00 and gave the stock an “outperform” rating in a research note on Friday, September 27th. Ten investment analysts have rated the stock with a hold rating and twenty-four have assigned a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $164.03.

Insider Transactions at DoorDash

In other news, Director Stanley Tang sold 1,855 shares of DoorDash stock in a transaction dated Wednesday, November 20th. The shares were sold at an average price of $169.98, for a total transaction of $315,312.90. Following the sale, the director now owns 35,413 shares of the company’s stock, valued at approximately $6,019,501.74. The trade was a 4.98 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Tony Xu sold 108,332 shares of the business’s stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $170.25, for a total value of $18,443,523.00. Following the completion of the sale, the chief executive officer now directly owns 1,500 shares in the company, valued at approximately $255,375. This represents a 98.63 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 547,753 shares of company stock worth $84,544,996. 7.92% of the stock is currently owned by insiders.

DoorDash Price Performance

DASH opened at $177.24 on Monday. The stock’s 50 day simple moving average is $153.61 and its 200 day simple moving average is $129.08. The firm has a market cap of $73.62 billion, a price-to-earnings ratio of -393.87, a PEG ratio of 13.31 and a beta of 1.67. DoorDash, Inc. has a 1 year low of $92.56 and a 1 year high of $178.16.

DoorDash (NASDAQ:DASH) last issued its earnings results on Wednesday, October 30th. The company reported $0.38 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.21 by $0.17. DoorDash had a negative net margin of 1.69% and a negative return on equity of 2.41%. The firm had revenue of $2.71 billion for the quarter, compared to analysts’ expectations of $2.66 billion. During the same quarter last year, the business earned ($0.19) earnings per share. The business’s revenue was up 25.0% on a year-over-year basis. As a group, sell-side analysts anticipate that DoorDash, Inc. will post 0.26 EPS for the current year.

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.