PNC Financial Services Group Inc. Acquires 676 Shares of DoorDash, Inc. (NASDAQ:DASH)

PNC Financial Services Group Inc. boosted its holdings in DoorDash, Inc. (NASDAQ:DASH) by 4.3% during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 16,565 shares of the company’s stock after acquiring an additional 676 shares during the quarter. PNC Financial Services Group Inc.’s holdings in DoorDash were worth $2,364,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Lazard Asset Management LLC raised its stake in DoorDash by 18,975.0% in the first quarter. Lazard Asset Management LLC now owns 2,289 shares of the company’s stock valued at $314,000 after purchasing an additional 2,277 shares in the last quarter. California State Teachers Retirement System grew its position in DoorDash by 1.6% in the first quarter. California State Teachers Retirement System now owns 427,904 shares of the company’s stock worth $58,931,000 after acquiring an additional 6,802 shares in the last quarter. Motley Fool Asset Management LLC increased its stake in DoorDash by 11.6% in the first quarter. Motley Fool Asset Management LLC now owns 11,923 shares of the company’s stock valued at $1,642,000 after acquiring an additional 1,243 shares during the last quarter. Tidal Investments LLC lifted its stake in DoorDash by 658.5% during the first quarter. Tidal Investments LLC now owns 35,045 shares of the company’s stock worth $4,826,000 after purchasing an additional 30,425 shares during the last quarter. Finally, Comerica Bank boosted its holdings in shares of DoorDash by 8.9% in the 1st quarter. Comerica Bank now owns 20,159 shares of the company’s stock worth $2,776,000 after purchasing an additional 1,650 shares in the last quarter. Hedge funds and other institutional investors own 90.64% of the company’s stock.

Analyst Ratings Changes

DASH has been the topic of a number of research reports. Truist Financial raised their price objective on DoorDash from $170.00 to $180.00 and gave the company a “buy” rating in a report on Thursday, October 31st. Bank of America boosted their price objective on shares of DoorDash from $168.00 to $172.00 and gave the stock a “buy” rating in a report on Thursday, October 31st. Piper Sandler lifted their target price on shares of DoorDash from $125.00 to $160.00 and gave the stock a “neutral” rating in a research report on Thursday, October 31st. Barclays upped their price target on shares of DoorDash from $120.00 to $163.00 and gave the company an “equal weight” rating in a research report on Friday, November 1st. Finally, Susquehanna lifted their price objective on DoorDash from $140.00 to $180.00 and gave the stock a “positive” rating in a report on Friday, November 1st. Ten analysts have rated the stock with a hold rating and twenty-four have issued a buy rating to the company’s stock. According to data from MarketBeat, DoorDash presently has an average rating of “Moderate Buy” and an average target price of $164.03.

DoorDash Trading Up 1.0 %

NASDAQ DASH opened at $179.10 on Tuesday. DoorDash, Inc. has a 12 month low of $92.56 and a 12 month high of $179.13. The stock’s fifty day moving average price is $154.57 and its 200-day moving average price is $129.52. The stock has a market cap of $74.40 billion, a P/E ratio of -398.00, a P/E/G ratio of 13.63 and a beta of 1.67.

DoorDash (NASDAQ:DASH) last released its quarterly earnings data on Wednesday, October 30th. The company reported $0.38 earnings per share for the quarter, beating analysts’ consensus estimates of $0.21 by $0.17. The business had revenue of $2.71 billion during the quarter, compared to analyst estimates of $2.66 billion. DoorDash had a negative net margin of 1.69% and a negative return on equity of 2.41%. DoorDash’s revenue was up 25.0% compared to the same quarter last year. During the same period last year, the business earned ($0.19) EPS. As a group, analysts forecast that DoorDash, Inc. will post 0.26 earnings per share for the current fiscal year.

Insider Activity at DoorDash

In other news, Director Stanley Tang sold 1,855 shares of the firm’s 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 $6,019,501.74. This trade represents a 4.98 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Andy Fang sold 50,000 shares of the business’s stock in a transaction that occurred on Thursday, September 12th. The shares were sold at an average price of $130.20, for a total transaction of $6,510,000.00. Following the transaction, the director now directly owns 18,089 shares of the company’s stock, valued at $2,355,187.80. The trade was a 73.43 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 547,753 shares of company stock valued at $84,544,996 over the last 90 days. Corporate insiders own 7.92% of the company’s stock.

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.