Banco Santander S.A. Takes $666,000 Position in DoorDash, Inc. (NASDAQ:DASH)

Banco Santander S.A. bought a new stake in shares of DoorDash, Inc. (NASDAQ:DASH) in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 4,669 shares of the company’s stock, valued at approximately $666,000.

A number of other large investors have also recently added to or reduced their stakes in DASH. Rakuten Securities Inc. grew its holdings in shares of DoorDash by 302.3% in the 3rd quarter. Rakuten Securities Inc. now owns 173 shares of the company’s stock worth $25,000 after acquiring an additional 130 shares during the last quarter. Headlands Technologies LLC purchased a new position in DoorDash in the 2nd quarter worth about $32,000. Meeder Asset Management Inc. raised its holdings in DoorDash by 82.0% during the 2nd quarter. Meeder Asset Management Inc. now owns 293 shares of the company’s stock worth $32,000 after buying an additional 132 shares during the period. 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 valued at $36,000 after buying an additional 259 shares in the last quarter. Finally, Quest Partners LLC boosted its holdings in shares of DoorDash by 146.8% in the second quarter. Quest Partners LLC now owns 343 shares of the company’s stock worth $37,000 after buying an additional 204 shares during the period. 90.64% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other DoorDash news, CFO Ravi Inukonda sold 7,000 shares of the firm’s stock in a transaction on Friday, August 30th. The shares were sold at an average price of $127.86, for a total value of $895,020.00. Following the sale, the chief financial officer now directly owns 396,152 shares in the company, valued at $50,651,994.72. This trade represents a 1.74 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Stanley Tang sold 1,855 shares of the company’s stock in a transaction dated Wednesday, November 20th. The shares were sold at an average price of $169.98, for a total transaction of $315,312.90. Following the transaction, the director now directly owns 35,413 shares of the company’s stock, valued at $6,019,501.74. This represents a 4.98 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 547,753 shares of company stock valued at $84,544,996. 7.92% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the stock. Wedbush restated a “neutral” rating and issued a $115.00 price target on shares of DoorDash in a research report on Friday, August 2nd. Keefe, Bruyette & Woods raised DoorDash from a “market perform” rating to an “outperform” rating and set a $177.00 price objective for the company in a research note on Wednesday, September 25th. Susquehanna lifted their target price on DoorDash from $140.00 to $180.00 and gave the company a “positive” rating in a research note on Friday, November 1st. BMO Capital Markets raised their price target on shares of DoorDash from $140.00 to $180.00 and gave the stock an “outperform” rating in a report on Thursday, October 31st. Finally, Piper Sandler lifted their target price on shares of DoorDash from $125.00 to $160.00 and gave the company a “neutral” rating in a research note on Thursday, October 31st. Ten analysts have rated the stock with a hold rating and twenty-four have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $164.03.

DoorDash Stock Performance

DoorDash stock opened at $177.24 on Friday. DoorDash, Inc. has a 52 week low of $92.56 and a 52 week high of $178.16. The firm has a market capitalization of $73.63 billion, a PE ratio of -393.87, a PEG ratio of 14.82 and a beta of 1.67. The business’s 50-day simple moving average is $153.61 and its 200-day simple moving average is $128.87.

DoorDash (NASDAQ:DASH) 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 return on equity of 2.41% and a negative net margin of 1.69%. The company had revenue of $2.71 billion for the quarter, compared to the consensus estimate of $2.66 billion. During the same period in the previous year, the business posted ($0.19) EPS. The company’s revenue for the quarter was up 25.0% on a year-over-year basis. Research analysts forecast that DoorDash, Inc. will post 0.24 earnings per share 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.