Gulf International Bank UK Ltd Has $2.26 Million Stock Holdings in DoorDash, Inc. (NASDAQ:DASH)

Gulf International Bank UK Ltd trimmed its position in shares of DoorDash, Inc. (NASDAQ:DASH) by 0.6% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 20,811 shares of the company’s stock after selling 135 shares during the quarter. Gulf International Bank UK Ltd’s holdings in DoorDash were worth $2,263,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Spire Wealth Management bought a new position in shares of DoorDash during the first quarter worth about $25,000. Venturi Wealth Management LLC increased its holdings in DoorDash by 54.5% in the first quarter. Venturi Wealth Management LLC now owns 255 shares of the company’s stock worth $35,000 after purchasing an additional 90 shares in the last quarter. ORG Partners LLC increased its holdings in DoorDash by 2,108.3% in the first quarter. ORG Partners LLC now owns 265 shares of the company’s stock worth $37,000 after purchasing an additional 253 shares in the last quarter. Hollencrest Capital Management bought a new stake in DoorDash in the first quarter worth approximately $42,000. Finally, Versant Capital Management Inc increased its holdings in DoorDash by 340.8% in the second quarter. Versant Capital Management Inc now owns 335 shares of the company’s stock worth $36,000 after purchasing an additional 259 shares in the last quarter. 90.64% of the stock is currently owned by institutional investors.

DoorDash Stock Down 0.9 %

DASH stock traded down $1.15 during midday trading on Wednesday, hitting $121.49. The company’s stock had a trading volume of 7,086,106 shares, compared to its average volume of 4,146,062. The stock’s 50-day moving average price is $109.92 and its 200 day moving average price is $118.71. DoorDash, Inc. has a 1 year low of $69.90 and a 1 year high of $143.34. The stock has a market cap of $49.68 billion, a price-to-earnings ratio of -112.49, a PEG ratio of 40.25 and a beta of 1.67.

DoorDash (NASDAQ:DASH) last issued its earnings results on Thursday, August 1st. The company reported ($0.38) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.09) by ($0.29). The firm had revenue of $2.63 billion during the quarter, compared to the consensus estimate of $2.54 billion. DoorDash had a negative net margin of 4.24% and a negative return on equity of 6.00%. The business’s quarterly revenue was up 23.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($0.44) earnings per share. As a group, equities analysts forecast that DoorDash, Inc. will post 0.07 earnings per share for the current fiscal year.

Insider Buying and Selling at DoorDash

In other DoorDash news, General Counsel Tia Sherringham sold 11,740 shares of the business’s stock in a transaction on Thursday, May 23rd. The stock was sold at an average price of $110.46, for a total value of $1,296,800.40. Following the sale, the general counsel now directly owns 183,512 shares in the company, valued at $20,270,735.52. The sale was disclosed in a filing with the SEC, which is accessible through this link. In related news, Director Andy Fang sold 50,000 shares of the business’s stock in a transaction on Friday, June 7th. The stock was sold at an average price of $113.40, for a total transaction of $5,670,000.00. Following the sale, the director now directly owns 39,275 shares in the company, valued at approximately $4,453,785. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, General Counsel Tia Sherringham sold 11,740 shares of the business’s stock in a transaction on Thursday, May 23rd. The shares were sold at an average price of $110.46, for a total value of $1,296,800.40. Following the sale, the general counsel now owns 183,512 shares in the company, valued at $20,270,735.52. The disclosure for this sale can be found here. Insiders have sold a total of 464,021 shares of company stock worth $50,925,996 over the last ninety days. 7.92% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

DASH has been the subject of a number of research analyst reports. Barclays lifted their target price on DoorDash from $113.00 to $120.00 and gave the stock an “equal weight” rating in a report on Friday, August 2nd. UBS Group lifted their target price on DoorDash from $125.00 to $143.00 and gave the stock a “neutral” rating in a report on Friday, August 2nd. Loop Capital initiated coverage on DoorDash in a report on Friday, April 19th. They issued a “buy” rating and a $170.00 target price for the company. JPMorgan Chase & Co. boosted their price objective on DoorDash from $111.00 to $137.00 and gave the company a “neutral” rating in a report on Friday, August 2nd. Finally, Wedbush restated a “neutral” rating and set a $115.00 price objective on shares of DoorDash in a report on Friday, August 2nd. Eleven research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $141.93.

DoorDash 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.