Dana Investment Advisors Inc. Grows Position in DoorDash, Inc. $DASH

Dana Investment Advisors Inc. lifted its position in shares of DoorDash, Inc. (NASDAQ:DASHFree Report) by 40.6% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 40,878 shares of the company’s stock after purchasing an additional 11,799 shares during the quarter. Dana Investment Advisors Inc.’s holdings in DoorDash were worth $11,118,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Norges Bank purchased a new stake in DoorDash during the second quarter worth $1,185,576,000. Vanguard Group Inc. increased its holdings in DoorDash by 4.6% in the second quarter. Vanguard Group Inc. now owns 41,190,085 shares of the company’s stock valued at $10,153,768,000 after buying an additional 1,792,799 shares in the last quarter. Scge Management L.P. acquired a new position in shares of DoorDash in the second quarter worth about $267,463,000. Ninety One UK Ltd purchased a new stake in shares of DoorDash during the 3rd quarter worth about $259,154,000. Finally, AQR Capital Management LLC boosted its stake in shares of DoorDash by 43.5% during the 2nd quarter. AQR Capital Management LLC now owns 2,633,971 shares of the company’s stock worth $643,084,000 after acquiring an additional 797,849 shares in the last quarter. 90.64% of the stock is owned by hedge funds and other institutional investors.

DoorDash News Roundup

Here are the key news stories impacting DoorDash this week:

Wall Street Analysts Forecast Growth

DASH has been the subject of several recent analyst reports. KeyCorp lifted their price target on DoorDash from $275.00 to $280.00 and gave the company an “overweight” rating in a research note on Thursday. Wedbush boosted their price objective on DoorDash from $260.00 to $270.00 and gave the company an “outperform” rating in a research report on Friday, December 19th. Royal Bank Of Canada reduced their target price on DoorDash from $300.00 to $270.00 and set an “outperform” rating for the company in a research note on Thursday, November 6th. Citizens Jmp dropped their price target on shares of DoorDash from $285.00 to $250.00 and set a “market outperform” rating on the stock in a research note on Friday. Finally, Sanford C. Bernstein cut their price target on shares of DoorDash from $285.00 to $270.00 and set an “outperform” rating for the company in a report on Thursday. One analyst has rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating and nine have issued a Hold rating to the company’s stock. Based on data from MarketBeat, DoorDash has an average rating of “Moderate Buy” and an average target price of $264.74.

Read Our Latest Analysis on DASH

DoorDash Stock Down 6.6%

Shares of DASH opened at $164.66 on Tuesday. The stock has a 50 day moving average price of $206.43 and a 200 day moving average price of $230.17. DoorDash, Inc. has a one year low of $155.40 and a one year high of $285.50. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.41 and a current ratio of 1.41. The stock has a market capitalization of $70.97 billion, a price-to-earnings ratio of 77.67 and a beta of 1.78.

DoorDash (NASDAQ:DASHGet Free Report) last announced its quarterly earnings data on Wednesday, February 18th. The company reported $0.48 earnings per share for the quarter, missing analysts’ consensus estimates of $0.58 by ($0.10). DoorDash had a net margin of 6.82% and a return on equity of 10.15%. The firm had revenue of $3.96 billion during the quarter, compared to analysts’ expectations of $3.98 billion. During the same quarter in the previous year, the business posted $0.33 EPS. The company’s revenue for the quarter was up 37.7% on a year-over-year basis. Equities research analysts forecast that DoorDash, Inc. will post 2.22 earnings per share for the current fiscal year.

Insider Transactions at DoorDash

In related news, COO Prabir Adarkar sold 30,000 shares of the business’s stock in a transaction dated Monday, December 22nd. The shares were sold at an average price of $234.57, for a total transaction of $7,037,100.00. Following the transaction, the chief operating officer directly owned 874,130 shares in the company, valued at approximately $205,044,674.10. The trade was a 3.32% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Stanley Tang sold 45,410 shares of the stock in a transaction dated Friday, January 2nd. The shares were sold at an average price of $222.53, for a total transaction of $10,105,087.30. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 291,236 shares of company stock valued at $63,380,925. Company insiders own 5.83% of the company’s stock.

DoorDash Profile

(Free Report)

DoorDash, Inc operates a technology-driven logistics and food-delivery marketplace that connects consumers, merchants and independent delivery contractors. The company’s core service enables customers to order from local restaurants and retailers through its app and website while DoorDash handles last-mile fulfillment via its network of drivers, known as “Dashers.” Over time the platform has broadened beyond restaurant deliveries to include groceries, convenience items and retail deliveries, positioning DoorDash as a broader on-demand logistics provider for consumer goods.

In addition to its marketplace, DoorDash offers a suite of products and services for consumers and businesses.

See Also

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Institutional Ownership by Quarter for DoorDash (NASDAQ:DASH)

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