Motley Fool Asset Management LLC Takes $1.06 Million Position in DoorDash, Inc. (NASDAQ:DASH)

Motley Fool Asset Management LLC bought a new position in DoorDash, Inc. (NASDAQ:DASH) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 10,680 shares of the company’s stock, valued at approximately $1,056,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in DASH. Assenagon Asset Management S.A. raised its holdings in shares of DoorDash by 1,725.6% in the 4th quarter. Assenagon Asset Management S.A. now owns 1,113,175 shares of the company’s stock worth $110,082,000 after purchasing an additional 1,052,198 shares during the period. Vanguard Group Inc. raised its holdings in DoorDash by 3.0% in the third quarter. Vanguard Group Inc. now owns 27,043,520 shares of the company’s stock valued at $2,149,149,000 after buying an additional 781,861 shares during the period. Baillie Gifford & Co. lifted its position in DoorDash by 6.4% during the fourth quarter. Baillie Gifford & Co. now owns 12,775,622 shares of the company’s stock valued at $1,263,381,000 after buying an additional 772,977 shares in the last quarter. Invesco Ltd. grew its stake in DoorDash by 169.4% during the third quarter. Invesco Ltd. now owns 999,612 shares of the company’s stock worth $79,439,000 after buying an additional 628,561 shares during the period. Finally, Qube Research & Technologies Ltd acquired a new stake in shares of DoorDash in the third quarter worth $48,965,000. Institutional investors and hedge funds own 90.64% of the company’s stock.

Insider Activity at DoorDash

In other DoorDash news, Director Shona L. Brown sold 700 shares of the firm’s stock in a transaction dated Tuesday, February 6th. The shares were sold at an average price of $109.71, for a total value of $76,797.00. Following the transaction, the director now owns 71,514 shares of the company’s stock, valued at $7,845,800.94. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, Director Shona L. Brown sold 700 shares of the stock in a transaction that occurred on Tuesday, February 6th. The stock was sold at an average price of $109.71, for a total transaction of $76,797.00. Following the sale, the director now directly owns 71,514 shares in the company, valued at approximately $7,845,800.94. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Tony Xu sold 132,300 shares of the firm’s stock in a transaction that occurred on Thursday, March 14th. The stock was sold at an average price of $131.96, for a total value of $17,458,308.00. The disclosure for this sale can be found here. Insiders sold a total of 497,282 shares of company stock valued at $64,885,042 in the last quarter. Insiders own 9.59% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently weighed in on DASH shares. Wells Fargo & Company upped their price target on shares of DoorDash from $100.00 to $125.00 and gave the stock an “equal weight” rating in a research report on Thursday, April 4th. JMP Securities upped their target price on DoorDash from $130.00 to $160.00 and gave the stock a “market outperform” rating in a research report on Wednesday, March 27th. Truist Financial raised their target price on DoorDash from $140.00 to $155.00 and gave the company a “buy” rating in a report on Wednesday, March 27th. Mizuho upped their price target on DoorDash from $140.00 to $152.00 and gave the stock a “buy” rating in a report on Friday, February 16th. Finally, Loop Capital began coverage on shares of DoorDash in a research note on Friday, April 19th. They set a “buy” rating and a $170.00 price objective on the stock. Nine investment analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $130.52.

DoorDash Stock Performance

Shares of NASDAQ DASH traded up $4.00 during trading on Friday, reaching $132.11. The stock had a trading volume of 3,851,164 shares, compared to its average volume of 3,629,907. The stock has a market cap of $53.37 billion, a PE ratio of -92.38, a P/E/G ratio of 14.10 and a beta of 1.79. DoorDash, Inc. has a one year low of $57.39 and a one year high of $143.34. The firm’s 50 day moving average price is $131.30 and its two-hundred day moving average price is $108.59.

DoorDash (NASDAQ:DASH) last released its quarterly earnings data on Thursday, February 15th. The company reported ($0.39) EPS for the quarter, missing analysts’ consensus estimates of ($0.15) by ($0.24). The business had revenue of $2.30 billion during the quarter, compared to analyst estimates of $2.25 billion. DoorDash had a negative return on equity of 8.49% and a negative net margin of 6.46%. The business’s revenue for the quarter was up 26.7% compared to the same quarter last year. During the same period in the prior year, the firm earned ($0.63) EPS. On average, research analysts expect that DoorDash, Inc. will post 0.21 earnings per share for the current year.

DoorDash 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.