Banco Santander S.A. Purchases New Stake in DoorDash, Inc. (NASDAQ:DASH)

Banco Santander S.A. bought a new position in shares of DoorDash, Inc. (NASDAQ:DASH - Free Report) during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 4,669 shares of the company's stock, valued at approximately $666,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Rakuten Securities Inc. raised its stake in shares of DoorDash by 302.3% in the 3rd quarter. Rakuten Securities Inc. now owns 173 shares of the company's stock valued at $25,000 after buying an additional 130 shares in the last quarter. Meeder Asset Management Inc. raised its position in DoorDash by 82.0% in the second quarter. Meeder Asset Management Inc. now owns 293 shares of the company's stock worth $32,000 after purchasing an additional 132 shares in the last quarter. Headlands Technologies LLC bought a new position in DoorDash during the second quarter worth about $32,000. Versant Capital Management Inc lifted its stake in DoorDash by 340.8% during 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 during the period. Finally, Quest Partners LLC boosted its holdings in DoorDash by 146.8% during the second quarter. Quest Partners LLC now owns 343 shares of the company's stock valued at $37,000 after purchasing an additional 204 shares in the last quarter. 90.64% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the company. Keefe, Bruyette & Woods upgraded DoorDash from a "market perform" rating to an "outperform" rating and set a $177.00 target price for the company in a research report on Wednesday, September 25th. Needham & Company LLC lifted their price objective on DoorDash from $145.00 to $180.00 and gave the company a "buy" rating in a report on Thursday, October 31st. Wedbush reaffirmed a "neutral" rating and issued a $115.00 target price on shares of DoorDash in a report on Friday, August 2nd. Mizuho lifted their price target on shares of DoorDash from $162.00 to $173.00 and gave the company an "outperform" rating in a report on Thursday, October 24th. Finally, Raymond James initiated coverage on shares of DoorDash in a research note on Tuesday, September 24th. They set an "outperform" rating and a $155.00 price objective on the stock. Ten research analysts have rated the stock with a hold rating and twenty-four have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $164.03.

DoorDash Stock Performance

NASDAQ DASH traded up $4.07 during trading on Friday, hitting $177.24. The stock had a trading volume of 3,507,295 shares, compared to its average volume of 3,533,639. DoorDash, Inc. has a 12 month low of $92.56 and a 12 month high of $178.16. The company's 50-day moving average price is $153.61 and its two-hundred day moving average price is $128.87. The company has a market capitalization of $73.63 billion, a PE ratio of -393.87, a P/E/G ratio of 13.31 and a beta of 1.67.

DoorDash (NASDAQ:DASH - Get Free Report) last announced its quarterly earnings data on Wednesday, October 30th. The company reported $0.38 EPS for the quarter, topping analysts' consensus estimates of $0.21 by $0.17. The business had revenue of $2.71 billion for the quarter, compared to analyst estimates of $2.66 billion. DoorDash had a negative net margin of 1.69% and a negative return on equity of 2.41%. The firm's revenue for the quarter was up 25.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($0.19) earnings per share. As a group, equities analysts anticipate that DoorDash, Inc. will post 0.26 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, Director Andy Fang sold 50,000 shares of the business's stock in a transaction on Thursday, September 12th. The shares were sold at an average price of $130.20, for a total transaction of $6,510,000.00. Following the transaction, the director now directly owns 18,089 shares in the company, valued at approximately $2,355,187.80. The trade was a 73.43 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Ravi Inukonda sold 7,000 shares of the stock in a transaction on Friday, August 30th. The shares were sold at an average price of $127.86, for a total transaction of $895,020.00. Following the completion of the sale, the chief financial officer now owns 396,152 shares of the company's stock, valued at approximately $50,651,994.72. This represents a 1.74 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 547,753 shares of company stock valued at $84,544,996 in the last three months. 7.92% of the stock is currently owned by corporate insiders.

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.