Elo Mutual Pension Insurance Co Has $2.76 Million Stock Position in DoorDash, Inc. (NASDAQ:DASH)

Elo Mutual Pension Insurance Co boosted its stake in shares of DoorDash, Inc. (NASDAQ:DASH) by 7.2% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 25,420 shares of the company’s stock after buying an additional 1,707 shares during the period. Elo Mutual Pension Insurance Co’s holdings in DoorDash were worth $2,764,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of DASH. ORG Partners LLC raised its holdings in shares of DoorDash by 2,108.3% during the first quarter. ORG Partners LLC now owns 265 shares of the company’s stock valued at $37,000 after acquiring an additional 253 shares during the period. Headlands Technologies LLC acquired a new stake in DoorDash during the 2nd quarter valued at $32,000. Meeder Asset Management Inc. raised its stake in DoorDash by 82.0% during the 2nd quarter. Meeder Asset Management Inc. now owns 293 shares of the company’s stock valued at $32,000 after purchasing an additional 132 shares during the period. Hollencrest Capital Management purchased a new stake in shares of DoorDash in the first quarter valued at $42,000. Finally, Versant Capital Management Inc boosted its position in shares of 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 buying an additional 259 shares during the period. 90.64% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

DASH has been the subject of several research analyst reports. Wolfe Research began coverage on DoorDash in a research note on Tuesday, July 16th. They issued an “outperform” rating and a $130.00 price objective for the company. UBS Group upped their target price on DoorDash from $125.00 to $143.00 and gave the company a “neutral” rating in a report on Friday, August 2nd. Benchmark restated a “buy” rating and set a $150.00 price target on shares of DoorDash in a report on Tuesday, July 30th. Roth Mkm upped their price objective on shares of DoorDash from $118.00 to $124.00 and gave the company a “neutral” rating in a research note on Monday, August 5th. Finally, BTIG Research upgraded shares of DoorDash from a “neutral” rating to a “buy” rating and set a $155.00 target price for the company in a research report on Thursday. Eleven investment analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $143.00.

Insider Transactions at DoorDash

In other DoorDash news, Director Shona L. Brown sold 1,712 shares of the stock in a transaction on Tuesday, June 25th. The shares were sold at an average price of $110.97, for a total value of $189,980.64. Following the completion of the sale, the director now directly owns 70,191 shares of the company’s stock, valued at approximately $7,789,095.27. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. In other news, Director Shona L. Brown sold 1,712 shares of the business’s stock in a transaction dated Tuesday, June 25th. The shares were sold at an average price of $110.97, for a total transaction of $189,980.64. Following the transaction, the director now owns 70,191 shares in the company, valued at approximately $7,789,095.27. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Andy Fang sold 50,000 shares of DoorDash stock in a transaction dated Thursday, July 11th. The stock was sold at an average price of $105.57, for a total value of $5,278,500.00. Following the sale, the director now directly owns 19,982 shares in the company, valued at $2,109,499.74. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 304,769 shares of company stock worth $34,760,113. Insiders own 7.92% of the company’s stock.

DoorDash Price Performance

DASH stock opened at $137.29 on Friday. DoorDash, Inc. has a 52-week low of $69.90 and a 52-week high of $143.34. The stock has a market capitalization of $56.14 billion, a price-to-earnings ratio of -127.12, a price-to-earnings-growth ratio of 275.59 and a beta of 1.69. The company has a 50-day moving average of $120.04 and a two-hundred day moving average of $121.42.

DoorDash (NASDAQ:DASH) last issued its quarterly earnings results on Thursday, August 1st. The company reported ($0.38) EPS for the quarter, missing the consensus estimate of ($0.09) by ($0.29). DoorDash had a negative return on equity of 5.91% and a negative net margin of 4.24%. The business had revenue of $2.63 billion during the quarter, compared to the consensus estimate of $2.54 billion. During the same period in the prior year, the firm earned ($0.44) earnings per share. The business’s quarterly revenue was up 23.3% on a year-over-year basis. Equities analysts expect that DoorDash, Inc. will post 0.01 EPS for the current fiscal year.

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.