KBC Group NV Has $8.47 Million Stock Position in DoorDash, Inc. (NASDAQ:DASH)

KBC Group NV grew its position in DoorDash, Inc. (NASDAQ:DASH - Free Report) by 23.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 50,492 shares of the company's stock after purchasing an additional 9,454 shares during the period. KBC Group NV's holdings in DoorDash were worth $8,470,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of DASH. The Manufacturers Life Insurance Company raised its position in DoorDash by 13.6% in the second quarter. The Manufacturers Life Insurance Company now owns 65,706 shares of the company's stock valued at $7,146,000 after purchasing an additional 7,853 shares during the period. Mackenzie Financial Corp lifted its position in DoorDash by 4.6% during the 2nd quarter. Mackenzie Financial Corp now owns 18,073 shares of the company's stock worth $1,966,000 after acquiring an additional 789 shares in the last quarter. Algert Global LLC purchased a new position in DoorDash in the 2nd quarter worth approximately $338,000. Quarry LP acquired a new stake in DoorDash in the second quarter valued at approximately $60,000. Finally, Cetera Investment Advisers raised its stake in shares of DoorDash by 7.2% during the second quarter. Cetera Investment Advisers now owns 11,747 shares of the company's stock valued at $1,278,000 after purchasing an additional 788 shares during the period. Hedge funds and other institutional investors own 90.64% of the company's stock.

DoorDash Stock Up 1.1 %

DASH stock traded up $2.07 during midday trading on Thursday, reaching $187.85. The stock had a trading volume of 1,399,992 shares, compared to its average volume of 2,516,155. The firm has a market cap of $78.03 billion, a price-to-earnings ratio of -418.47, a PEG ratio of 1.85 and a beta of 1.71. DoorDash, Inc. has a twelve month low of $99.32 and a twelve month high of $189.23. The business has a fifty day simple moving average of $174.76 and a two-hundred day simple moving average of $150.11.

DoorDash (NASDAQ:DASH - Get Free Report) last issued its quarterly earnings results on Wednesday, October 30th. The company reported $0.38 EPS for the quarter, topping the consensus estimate of $0.21 by $0.17. DoorDash had a negative net margin of 1.69% and a negative return on equity of 2.41%. The company had revenue of $2.71 billion during the quarter, compared to analysts' expectations of $2.66 billion. During the same quarter in the previous year, the company earned ($0.19) EPS. DoorDash's revenue was up 25.0% on a year-over-year basis. On average, equities analysts predict that DoorDash, Inc. will post 0.29 earnings per share for the current fiscal year.

Insider Buying and Selling at DoorDash

In other news, Director Andy Fang sold 50,000 shares of DoorDash stock in a transaction on Monday, November 18th. The shares were sold at an average price of $172.67, for a total transaction of $8,633,500.00. Following the transaction, the director now directly owns 18,089 shares of the company's stock, valued at $3,123,427.63. This trade represents a 73.43 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Tony Xu sold 108,332 shares of the firm's stock in a transaction on Friday, November 15th. The stock was sold at an average price of $170.25, for a total value of $18,443,523.00. Following the sale, the chief executive officer now directly owns 1,500 shares in the company, valued at $255,375. The trade was a 98.63 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 1,040,758 shares of company stock worth $181,434,201. Insiders own 7.92% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on DASH shares. Cantor Fitzgerald restated an "overweight" rating and issued a $200.00 target price on shares of DoorDash in a research note on Tuesday. Benchmark raised their target price on DoorDash from $152.00 to $173.00 and gave the company a "buy" rating in a research note on Thursday, October 17th. Citigroup boosted their price target on DoorDash from $155.00 to $211.00 and gave the stock a "buy" rating in a research note on Wednesday, November 27th. Wolfe Research raised their price objective on DoorDash from $210.00 to $220.00 and gave the company an "outperform" rating in a research note on Friday, January 3rd. Finally, Barclays upped their target price on DoorDash from $120.00 to $163.00 and gave the company an "equal weight" rating in a research report on Friday, November 1st. Nine investment analysts have rated the stock with a hold rating and twenty-five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $178.18.

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.