DnB Asset Management AS raised its position in DoorDash, Inc. (NYSE:DASH – Free Report) by 1.6% during the first quarter, according to its most recent filing with the SEC. The institutional investor owned 34,958 shares of the company’s stock after purchasing an additional 556 shares during the period. DnB Asset Management AS’s holdings in DoorDash were worth $2,222,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Morgan Stanley raised its holdings in shares of DoorDash by 5.0% during the 4th quarter. Morgan Stanley now owns 29,086,197 shares of the company’s stock worth $1,419,988,000 after acquiring an additional 1,384,006 shares during the period. Vanguard Group Inc. raised its holdings 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 worth $1,236,906,000 after acquiring an additional 7,495,795 shares during the period. Sands Capital Management LLC raised its holdings in shares of DoorDash by 11.3% during the 4th quarter. Sands Capital Management LLC now owns 9,507,105 shares of the company’s stock worth $464,137,000 after acquiring an additional 964,814 shares during the period. Baillie Gifford & Co. raised its holdings in shares of DoorDash by 12.0% during the 4th quarter. Baillie Gifford & Co. now owns 8,733,244 shares of the company’s stock worth $426,357,000 after acquiring an additional 936,811 shares during the period. Finally, State Street Corp raised its holdings in shares of DoorDash by 7.4% during the 3rd quarter. State Street Corp now owns 4,679,916 shares of the company’s stock worth $231,422,000 after acquiring an additional 321,628 shares during the period. Hedge funds and other institutional investors own 75.09% of the company’s stock.
Wall Street Analysts Forecast Growth
Several research analysts have recently commented on DASH shares. Barclays lifted their price target on DoorDash from $70.00 to $75.00 in a report on Friday, May 5th. Gordon Haskett lowered shares of DoorDash from a “buy” rating to a “hold” rating and reduced their price objective for the company from $73.00 to $72.00 in a report on Wednesday, June 14th. Wedbush assumed coverage on shares of DoorDash in a report on Monday, June 5th. They issued a “neutral” rating and a $75.00 price objective on the stock. Bank of America boosted their price objective on shares of DoorDash from $80.00 to $82.00 in a report on Friday, May 5th. Finally, Wells Fargo & Company assumed coverage on shares of DoorDash in a report on Wednesday, June 7th. They issued an “equal weight” rating and a $70.00 price objective on the stock. Two investment analysts have rated the stock with a sell rating, eleven have given a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat, DoorDash presently has a consensus rating of “Hold” and a consensus target price of $75.48.
Insider Transactions at DoorDash
DoorDash Price Performance
NYSE DASH opened at $77.95 on Friday. DoorDash, Inc. has a 1-year low of $41.37 and a 1-year high of $87.00. The company has a market cap of $30.29 billion, a P/E ratio of -21.96 and a beta of 1.57. The stock has a 50-day moving average of $69.79 and a two-hundred day moving average of $61.63.
DoorDash (NYSE:DASH – Free Report) last announced its quarterly earnings data on Thursday, May 4th. The company reported ($0.41) EPS for the quarter, topping analysts’ consensus estimates of ($0.56) by $0.15. DoorDash had a negative return on equity of 14.00% and a negative net margin of 18.98%. The business had revenue of $2.04 billion during the quarter, compared to the consensus estimate of $1.92 billion. On average, analysts anticipate that DoorDash, Inc. will post -1.75 EPS for the current fiscal year.
About DoorDash
DoorDash, Inc operates a logistics platform that connects merchants, consumers, and dashers in the United States and internationally. It operates DoorDash and Wolt marketplaces, 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; DashPass and Wolt+, a membership products; and offers DoorDash Drive and Wolt Drive, a white-label delivery fulfillment services; DoorDash Storefront that enables merchants to offer consumers on-demand access to e-commerce; and Bbot, which offers merchants digital ordering and payment solutions for in-store and online channels.
Featured Stories
- Five stocks we like better than DoorDash
- Pfizer Just Invested $25 million In This Biotech
- Cracks In The Labor Market? Not Yet, But They’re Coming
- Levi’s: Buy On The Dip Or Downtrend In Play?
- Who Wins And Who Loses With China’s Metal Restrictions
- 3 Large Semiconductor Makers Offering Dividends & Price Growth
Want to see what other hedge funds are holding DASH? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for DoorDash, Inc. (NYSE:DASH – Free Report).
Receive News & Ratings for DoorDash Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for DoorDash and related companies with MarketBeat.com's FREE daily email newsletter.
