NBC Securities Inc. Decreases Position in DoorDash, Inc. (NASDAQ:DASH)

NBC Securities Inc. lowered its stake in shares of DoorDash, Inc. (NASDAQ:DASH) by 4.2% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 3,338 shares of the company’s stock after selling 148 shares during the period. NBC Securities Inc.’s holdings in DoorDash were worth $459,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the stock. Vanguard Group Inc. increased its stake in shares of DoorDash by 8.4% during the 4th quarter. Vanguard Group Inc. now owns 29,303,496 shares of the company’s stock worth $2,897,823,000 after purchasing an additional 2,259,976 shares during the last quarter. Baillie Gifford & Co. boosted its holdings in DoorDash by 6.4% in the 4th quarter. Baillie Gifford & Co. now owns 12,775,622 shares of the company’s stock worth $1,263,381,000 after buying an additional 772,977 shares during the period. Capital World Investors boosted its holdings in DoorDash by 0.6% in the 4th quarter. Capital World Investors now owns 9,395,743 shares of the company’s stock worth $929,145,000 after buying an additional 60,033 shares during the period. First Trust Advisors LP boosted its holdings in DoorDash by 45.6% in the 4th quarter. First Trust Advisors LP now owns 3,079,083 shares of the company’s stock worth $304,490,000 after buying an additional 964,860 shares during the period. Finally, Norges Bank bought a new position in DoorDash in the 4th quarter worth approximately $264,806,000. Hedge funds and other institutional investors own 90.64% of the company’s stock.

Insider Buying and Selling

In related news, COO Prabir Adarkar sold 8,000 shares of DoorDash stock in a transaction on Monday, June 3rd. The shares were sold at an average price of $109.98, for a total value of $879,840.00. Following the transaction, the chief operating officer now owns 1,002,787 shares in the company, valued at approximately $110,286,514.26. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other DoorDash news, Director Shona L. Brown sold 700 shares of the business’s stock in a transaction dated Thursday, April 4th. The shares were sold at an average price of $141.60, for a total value of $99,120.00. Following the transaction, the director now owns 70,111 shares in the company, valued at $9,927,717.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO Prabir Adarkar sold 8,000 shares of the business’s stock in a transaction dated Monday, June 3rd. The shares were sold at an average price of $109.98, for a total transaction of $879,840.00. Following the completion of the transaction, the chief operating officer now owns 1,002,787 shares in the company, valued at approximately $110,286,514.26. The disclosure for this sale can be found here. Insiders have sold a total of 548,613 shares of company stock worth $68,171,311 in the last 90 days. 7.92% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

DASH has been the subject of several analyst reports. Truist Financial cut their price objective on shares of DoorDash from $155.00 to $145.00 and set a “buy” rating for the company in a report on Thursday, May 2nd. Wedbush reaffirmed a “neutral” rating and issued a $115.00 price objective on shares of DoorDash in a report on Thursday, May 2nd. JPMorgan Chase & Co. raised their price target on shares of DoorDash from $108.00 to $111.00 and gave the company a “neutral” rating in a report on Thursday, May 2nd. Roth Mkm cut their price target on shares of DoorDash from $121.00 to $118.00 and set a “neutral” rating for the company in a report on Thursday, May 2nd. Finally, Benchmark cut their price target on shares of DoorDash from $165.00 to $150.00 and set a “buy” rating for the company in a report on Thursday, May 2nd. Eight analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company’s stock. According to data from MarketBeat, DoorDash currently has an average rating of “Moderate Buy” and a consensus price target of $134.79.

DoorDash Stock Down 2.4 %

Shares of NASDAQ:DASH opened at $110.21 on Friday. The stock has a market cap of $45.07 billion, a PE ratio of -102.05, a PEG ratio of 28.55 and a beta of 1.69. The company’s fifty day moving average is $118.74 and its 200 day moving average is $116.65. DoorDash, Inc. has a 52 week low of $69.90 and a 52 week high of $143.34.

DoorDash (NASDAQ:DASH) last issued its earnings results on Wednesday, May 1st. The company reported ($0.06) EPS for the quarter, topping analysts’ consensus estimates of ($0.07) by $0.01. The company had revenue of $2.51 billion for the quarter, compared to analysts’ expectations of $2.45 billion. DoorDash had a negative net margin of 4.61% and a negative return on equity of 6.28%. The firm’s revenue was up 23.5% compared to the same quarter last year. During the same quarter last year, the company earned ($0.41) EPS. Sell-side analysts anticipate that DoorDash, Inc. will post 0.11 EPS for the current year.

About DoorDash

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.