Gulf International Bank UK Ltd Acquires New Holdings in DoorDash, Inc. (NYSE:DASH)

Gulf International Bank UK Ltd acquired a new stake in shares of DoorDash, Inc. (NYSE:DASH) during the 2nd quarter, HoldingsChannel.com reports. The fund acquired 5,000 shares of the company’s stock, valued at approximately $2,332,000.

A number of other institutional investors and hedge funds have also modified their holdings of DASH. Connors Investor Services Inc. acquired a new position in DoorDash during the second quarter valued at approximately $27,729,000. Aviva PLC acquired a new position in DoorDash during the second quarter valued at approximately $7,948,000. State Board of Administration of Florida Retirement System acquired a new position in DoorDash during the second quarter valued at approximately $14,226,000. Citigroup Inc. grew its holdings in DoorDash by 144.6% during the second quarter. Citigroup Inc. now owns 45,803 shares of the company’s stock valued at $8,168,000 after purchasing an additional 148,466 shares during the last quarter. Finally, Rafferty Asset Management LLC grew its holdings in DoorDash by 28.1% during the second quarter. Rafferty Asset Management LLC now owns 6,564 shares of the company’s stock valued at $1,171,000 after purchasing an additional 1,439 shares during the last quarter. 73.53% of the stock is currently owned by hedge funds and other institutional investors.

Several brokerages have commented on DASH. Royal Bank of Canada increased their price target on DoorDash from $175.00 to $210.00 and gave the company an “outperform” rating in a report on Friday, August 13th. Mizuho raised their price objective on shares of DoorDash from $155.00 to $175.00 and gave the stock a “neutral” rating in a research note on Friday, August 13th. Susquehanna raised their price objective on shares of DoorDash from $175.00 to $220.00 and gave the stock a “positive” rating in a research note on Tuesday, August 17th. Susquehanna Bancshares raised their price objective on shares of DoorDash from $175.00 to $220.00 and gave the stock a “positive” rating in a research note on Tuesday, August 17th. Finally, Zacks Investment Research upgraded shares of DoorDash from a “sell” rating to a “hold” rating in a research note on Monday, September 13th. Twelve analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. According to MarketBeat.com, DoorDash presently has a consensus rating of “Buy” and an average price target of $191.65.

In related news, Director Stanley Tang sold 13,741 shares of DoorDash stock in a transaction dated Thursday, June 24th. The stock was sold at an average price of $180.20, for a total value of $2,476,128.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Tony Xu sold 80,000 shares of DoorDash stock in a transaction dated Tuesday, September 14th. The stock was sold at an average price of $207.68, for a total value of $16,614,400.00. Following the completion of the sale, the chief executive officer now owns 80,000 shares of the company’s stock, valued at $16,614,400. The disclosure for this sale can be found here. Insiders sold 12,105,573 shares of company stock valued at $2,194,850,683 over the last ninety days. 15.54% of the stock is currently owned by company insiders.

Shares of NYSE DASH opened at $222.91 on Friday. The business has a fifty day moving average of $188.27 and a two-hundred day moving average of $161.39. DoorDash, Inc. has a 52-week low of $110.13 and a 52-week high of $256.09.

DoorDash (NYSE:DASH) last issued its quarterly earnings data on Thursday, August 12th. The company reported ($0.30) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.20) by ($0.10). The business had revenue of $1.24 billion during the quarter, compared to the consensus estimate of $1.10 billion. As a group, sell-side analysts predict that DoorDash, Inc. will post -1.15 earnings per share for the current year.

About DoorDash

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.

Further Reading: Market Perform

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Institutional Ownership by Quarter for DoorDash (NYSE:DASH)

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