American International Group Inc. Acquires 25,704 Shares of DoorDash, Inc. (NASDAQ:DASH)

American International Group Inc. increased its holdings in shares of DoorDash, Inc. (NASDAQ:DASH) by 551.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 30,363 shares of the company’s stock after purchasing an additional 25,704 shares during the quarter. American International Group Inc.’s holdings in DoorDash were worth $3,003,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of DASH. Parkside Financial Bank & Trust lifted its holdings in shares of DoorDash by 361.2% during the fourth quarter. Parkside Financial Bank & Trust now owns 392 shares of the company’s stock valued at $39,000 after purchasing an additional 307 shares in the last quarter. Covestor Ltd lifted its holdings in DoorDash by 101.2% in the third quarter. Covestor Ltd now owns 503 shares of the company’s stock valued at $40,000 after acquiring an additional 253 shares during the period. Valley National Advisers Inc. bought a new position in DoorDash in the fourth quarter valued at about $43,000. SJS Investment Consulting Inc. lifted its holdings in DoorDash by 26.9% in the fourth quarter. SJS Investment Consulting Inc. now owns 462 shares of the company’s stock valued at $46,000 after acquiring an additional 98 shares during the period. Finally, Cullen Frost Bankers Inc. bought a new position in DoorDash in the fourth quarter valued at about $49,000. 90.64% of the stock is owned by institutional investors.

Insider Buying and Selling at DoorDash

In other news, CEO Tony Xu sold 131,590 shares of DoorDash stock in a transaction that occurred on Monday, June 10th. The stock was sold at an average price of $111.61, for a total value of $14,686,759.90. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, CEO Tony Xu sold 131,590 shares of DoorDash stock in a transaction that occurred on Monday, June 10th. The stock was sold at an average price of $111.61, for a total value of $14,686,759.90. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Ravi Inukonda sold 5,000 shares of DoorDash stock in a transaction that occurred on Thursday, March 28th. The stock was sold at an average price of $138.98, for a total value of $694,900.00. Following the completion of the transaction, the chief financial officer now owns 391,425 shares of the company’s stock, valued at approximately $54,400,246.50. The disclosure for this sale can be found here. Insiders sold 548,613 shares of company stock worth $68,171,311 in the last quarter. 7.92% of the stock is owned by corporate insiders.

DoorDash Price Performance

NASDAQ DASH opened at $110.70 on Tuesday. The stock has a market capitalization of $45.27 billion, a PE ratio of -102.50, a P/E/G ratio of 27.87 and a beta of 1.69. The business has a 50 day simple moving average of $117.19 and a two-hundred day simple moving average of $117.08. DoorDash, Inc. has a 1-year low of $69.90 and a 1-year high of $143.34.

DoorDash (NASDAQ:DASH) last released its quarterly earnings results on Wednesday, May 1st. The company reported ($0.06) earnings per share for the quarter, beating the consensus estimate of ($0.07) by $0.01. The business had revenue of $2.51 billion during the quarter, compared to analysts’ expectations of $2.45 billion. DoorDash had a negative return on equity of 6.28% and a negative net margin of 4.61%. The firm’s revenue for the quarter was up 23.5% compared to the same quarter last year. During the same quarter last year, the business posted ($0.41) EPS. On average, analysts anticipate that DoorDash, Inc. will post 0.11 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on DASH. Deutsche Bank Aktiengesellschaft increased their target price on DoorDash from $140.00 to $155.00 and gave the company a “buy” rating in a report on Tuesday, April 16th. Piper Sandler raised DoorDash from an “underweight” rating to a “neutral” rating and raised their price objective for the stock from $53.00 to $127.00 in a research note on Friday, March 15th. Citigroup raised their price objective on DoorDash from $141.00 to $144.00 and gave the stock a “buy” rating in a research note on Thursday, May 2nd. Needham & Company LLC reaffirmed a “buy” rating and issued a $137.00 price objective on shares of DoorDash in a research note on Thursday, May 2nd. Finally, Oppenheimer raised their price objective on DoorDash from $140.00 to $150.00 and gave the stock an “outperform” rating in a research note on Monday, April 29th. Eight investment analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $134.79.

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.