Leonteq Securities AG Increases Stock Holdings in DoorDash, Inc. $DASH

Leonteq Securities AG increased its stake in shares of DoorDash, Inc. (NASDAQ:DASH) by 261.0% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 13,885 shares of the company’s stock after purchasing an additional 10,039 shares during the quarter. Leonteq Securities AG’s holdings in DoorDash were worth $2,085,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Fjarde AP Fonden Fourth Swedish National Pension Fund boosted its stake in DoorDash by 55.6% during the first quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 99,590 shares of the company’s stock worth $14,953,000 after buying an additional 35,590 shares during the period. Sound Income Strategies LLC raised its stake in shares of DoorDash by 22.2% in the first quarter. Sound Income Strategies LLC now owns 733 shares of the company’s stock valued at $110,000 after acquiring an additional 133 shares during the period. Strs Ohio lifted its holdings in shares of DoorDash by 18.1% in the 1st quarter. Strs Ohio now owns 96,037 shares of the company’s stock worth $14,420,000 after acquiring an additional 14,731 shares during the last quarter. Deltec Asset Management LLC lifted its holdings in shares of DoorDash by 536.0% in the 1st quarter. Deltec Asset Management LLC now owns 63,600 shares of the company’s stock worth $9,550,000 after acquiring an additional 53,600 shares during the last quarter. Finally, USS Investment Management Ltd lifted its holdings in shares of DoorDash by 2.4% in the 1st quarter. USS Investment Management Ltd now owns 62,171 shares of the company’s stock worth $9,333,000 after acquiring an additional 1,468 shares during the last quarter. Hedge funds and other institutional investors own 90.64% of the company’s stock.

DoorDash Trading Up 1.7%

NASDAQ DASH opened at $192.01 on Friday. The company’s 50-day moving average price is $165.79 and its 200-day moving average price is $180.47. 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 stock has a market cap of $83.66 billion, a PE ratio of 91.43 and a beta of 1.78. DoorDash, Inc. has a 12 month low of $143.30 and a 12 month high of $285.50.

DoorDash (NASDAQ:DASH) last posted its quarterly earnings results on Wednesday, May 6th. The company reported $0.42 EPS for the quarter, topping 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 company had revenue of $4.04 billion for the quarter, compared to the consensus estimate of $4.15 billion. During the same quarter last year, the firm posted $0.44 EPS. The firm’s revenue was up 33.1% compared to the same quarter last year. Equities research analysts forecast that DoorDash, Inc. will post 2.41 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on DASH shares. Wells Fargo & Company upped their price target on shares of DoorDash from $198.00 to $200.00 and gave the company an “equal weight” rating in a report on Thursday, May 7th. BTIG Research decreased their price objective on shares of DoorDash from $280.00 to $225.00 and set a “buy” rating for the company in a research note on Friday, June 12th. Piper Sandler decreased their price objective on shares of DoorDash from $220.00 to $205.00 and set a “neutral” rating for the company in a research note on Thursday, May 7th. Rothschild & Co Redburn set a $350.00 target price on DoorDash in a research report on Tuesday, May 12th. Finally, Guggenheim reaffirmed a “buy” rating and set a $255.00 target price on shares of DoorDash in a research note on Tuesday, June 23rd. Two analysts have rated the stock with a Strong Buy rating, twenty-five have given a Buy rating and nine have given a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $256.11.

Insiders Place Their Bets

In other DoorDash news, Director Andy Fang sold 5,000 shares of the company’s stock in a transaction dated Wednesday, June 24th. The shares were sold at an average price of $180.00, for a total value of $900,000.00. The sale was disclosed in a filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Shona L. Brown sold 582 shares of the firm’s stock in a transaction that occurred on Friday, June 26th. The stock was sold at an average price of $177.06, for a total transaction of $103,048.92. Following the transaction, the director directly owned 31,156 shares in the company, valued at approximately $5,516,481.36. This trade represents a 1.83% 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. Over the last three months, insiders sold 42,707 shares of company stock worth $7,113,039. 5.83% of the stock is owned by company insiders.

DoorDash Profile

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.