Teza Capital Management LLC Purchases Shares of 5,851 DoorDash, Inc. (NYSE:DASH)

Posted by on Mar 13th, 2023

Teza Capital Management LLC purchased a new stake in shares of DoorDash, Inc. (NYSE:DASH – Get Rating) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 5,851 shares of the company’s stock, valued at approximately $289,000.

A number of other large investors have also made changes to their positions in the company. Price T Rowe Associates Inc. MD grew its stake in shares of DoorDash by 4.0% during the 2nd quarter. Price T Rowe Associates Inc. MD now owns 26,105,597 shares of the company’s stock valued at $1,675,196,000 after purchasing an additional 998,180 shares during the period. Vanguard Group Inc. grew its stake in shares of DoorDash by 42.8% during the 3rd quarter. Vanguard Group Inc. now owns 25,013,265 shares of the company’s stock valued at $1,236,906,000 after purchasing an additional 7,495,795 shares during the period. BlackRock Inc. grew its stake in shares of DoorDash by 15.5% during the 3rd quarter. BlackRock Inc. now owns 12,014,604 shares of the company’s stock valued at $594,121,000 after purchasing an additional 1,609,669 shares during the period. Galileo PTC Ltd grew its stake in shares of DoorDash by 7.5% during the 2nd quarter. Galileo PTC Ltd now owns 11,534,495 shares of the company’s stock valued at $740,169,000 after purchasing an additional 805,559 shares during the period. Finally, Baillie Gifford & Co. grew its stake in shares of DoorDash by 3.6% during the 3rd quarter. Baillie Gifford & Co. now owns 7,796,433 shares of the company’s stock valued at $385,533,000 after acquiring an additional 267,291 shares during the period. 72.65% of the stock is currently owned by institutional investors.

Insider Transactions at DoorDash

In related news, Director Shona L. Brown sold 1,250 shares of the stock in a transaction on Friday, January 6th. The stock was sold at an average price of $47.32, for a total transaction of $59,150.00. Following the sale, the director now owns 82,278 shares in the company, valued at approximately $3,893,394.96. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In related news, COO Christopher D. Payne sold 47,093 shares of the stock in a transaction on Monday, January 9th. The stock was sold at an average price of $47.79, for a total transaction of $2,250,574.47. Following the sale, the chief operating officer now owns 353,943 shares in the company, valued at approximately $16,914,935.97. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Shona L. Brown sold 1,250 shares of the stock in a transaction on Friday, January 6th. The shares were sold at an average price of $47.32, for a total value of $59,150.00. Following the sale, the director now owns 82,278 shares in the company, valued at approximately $3,893,394.96. The disclosure for this sale can be found here. Insiders have sold 176,124 shares of company stock valued at $9,508,020 in the last ninety days. Corporate insiders own 15.54% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on DASH shares. Oppenheimer boosted their price objective on DoorDash from $70.00 to $80.00 and gave the company an “outperform” rating in a research note on Friday, February 17th. Susquehanna boosted their price objective on DoorDash from $75.00 to $85.00 and gave the company a “positive” rating in a research note on Tuesday, February 21st. Piper Sandler downgraded DoorDash from a “neutral” rating to an “underweight” rating and cut their price objective for the company from $227.00 to $40.00 in a research note on Monday, January 9th. DA Davidson boosted their price objective on DoorDash from $60.00 to $77.00 and gave the company a “neutral” rating in a research note on Tuesday, February 21st. Finally, Barclays boosted their price objective on DoorDash from $60.00 to $70.00 in a research note on Friday, February 17th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, DoorDash has an average rating of “Hold” and a consensus price target of $80.95.

DoorDash Price Performance

Shares of DASH opened at $53.23 on Monday. The stock has a market capitalization of $20.87 billion, a price-to-earnings ratio of -14.70 and a beta of 1.45. DoorDash, Inc. has a 1 year low of $41.37 and a 1 year high of $130.20. The business’s 50 day simple moving average is $56.50 and its 200-day simple moving average is $54.77.

DoorDash (NYSE:DASH – Get Rating) last issued its quarterly earnings data on Thursday, February 16th. The company reported ($0.63) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.70) by $0.07. The business had revenue of $1.82 billion for the quarter, compared to analysts’ expectations of $1.77 billion. DoorDash had a negative return on equity of 15.12% and a negative net margin of 20.74%. On average, sell-side analysts expect that DoorDash, Inc. will post -2.14 earnings per share for the current year.

About DoorDash

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DoorDash, Inc operates a logistics platform that connects merchants, consumers, and dashers in the United States and internationally. It operates DoorDash marketplace, which provides an array of services that enable merchants to solve mission-critical challenges, such as customer acquisition, delivery, insights and analytics, merchandising, payment processing, and customer support; and offers DoorDash Drive, a white-label logistics service; DoorDash Storefront that enables merchants to offer consumers on-demand access to e-commerce.

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Institutional Ownership by Quarter for DoorDash (NYSE:DASH)

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