Dimensional Fund Advisors LP Boosts Holdings in DoorDash, Inc. $DASH

Dimensional Fund Advisors LP grew its stake in shares of DoorDash, Inc. (NASDAQ:DASH) by 17.1% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 961,427 shares of the company’s stock after purchasing an additional 140,470 shares during the period. Dimensional Fund Advisors LP’s holdings in DoorDash were worth $144,339,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of the stock. Norges Bank purchased a new stake in DoorDash in the fourth quarter worth about $1,093,650,000. Wellington Management Group LLP grew its holdings in shares of DoorDash by 593.1% during the 4th quarter. Wellington Management Group LLP now owns 5,481,693 shares of the company’s stock worth $1,241,494,000 after acquiring an additional 4,690,744 shares during the period. Price T Rowe Associates Inc. MD raised its position in shares of DoorDash by 32.8% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 13,958,114 shares of the company’s stock worth $3,161,234,000 after acquiring an additional 3,447,754 shares in the last quarter. Coatue Management LLC raised its position in shares of DoorDash by 77.8% in the 4th quarter. Coatue Management LLC now owns 4,365,365 shares of the company’s stock worth $988,668,000 after acquiring an additional 1,910,488 shares in the last quarter. Finally, Alyeska Investment Group L.P. purchased a new position in shares of DoorDash in the 4th quarter valued at approximately $372,128,000. 90.64% of the stock is owned by institutional investors.

DoorDash Price Performance

DASH stock opened at $172.91 on Monday. The business’s 50-day moving average price is $172.22 and its 200-day moving average price is $175.68. The stock has a market cap of $75.34 billion, a P/E ratio of 82.34 and a beta of 1.78. The company has a quick ratio of 1.43, a current ratio of 1.43 and a debt-to-equity ratio of 0.27. DoorDash, Inc. has a twelve month low of $143.30 and a twelve month high of $285.50.

DoorDash (NASDAQ:DASH) last released its earnings results on Wednesday, May 6th. The company reported $0.42 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.36 by $0.06. DoorDash had a net margin of 6.29% and a return on equity of 9.58%. The company had revenue of $4.04 billion during the quarter, compared to analyst estimates of $4.15 billion. During the same period in the prior year, the firm posted $0.44 EPS. The firm’s quarterly revenue was up 33.1% compared to the same quarter last year. On average, equities research analysts forecast that DoorDash, Inc. will post 2.39 EPS for the current year.

Analyst Ratings Changes

Several research firms recently weighed in on DASH. KeyCorp dropped their price target on DoorDash from $280.00 to $275.00 and set an “overweight” rating on the stock in a research report on Tuesday, July 14th. Argus set a $190.00 price objective on DoorDash in a research report on Thursday, June 11th. Truist Financial lowered their price objective on DoorDash from $340.00 to $330.00 and set a “buy” rating for the company in a research report on Thursday, May 7th. Moffett Nathanson set a $276.00 target price on shares of DoorDash in a report on Wednesday, April 15th. Finally, Jefferies Financial Group increased their price target on shares of DoorDash from $220.00 to $225.00 and gave the stock a “buy” rating in a research note on Tuesday, July 14th. One analyst has rated the stock with a Strong Buy rating, twenty-four have issued a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, DoorDash has a consensus rating of “Moderate Buy” and a consensus price target of $252.89.

Insiders Place Their Bets

In other news, Director Stanley Tang sold 23,125 shares of the firm’s stock in a transaction on Thursday, July 2nd. The shares were sold at an average price of $191.19, for a total transaction of $4,421,268.75. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, General Counsel Tia Sherringham sold 2,743 shares of the firm’s stock in a transaction on Friday, May 22nd. The shares were sold at an average price of $160.79, for a total transaction of $441,046.97. Following the sale, the general counsel owned 128,216 shares in the company, valued at $20,615,850.64. The trade was a 2.09% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders sold 74,927 shares of company stock valued at $13,241,532. Insiders own 5.83% of the company’s stock.

DoorDash Company Profile

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.