DoorDash, Inc. (NASDAQ:DASH) Shares Bought by Covestor Ltd

Covestor Ltd raised its stake in shares of DoorDash, Inc. (NASDAQ:DASH) by 32.0% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,878 shares of the company’s stock after purchasing an additional 455 shares during the quarter. Covestor Ltd’s holdings in DoorDash were worth $268,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Janus Henderson Group PLC lifted its stake in DoorDash by 11,416.7% during the 1st quarter. Janus Henderson Group PLC now owns 3,455,116 shares of the company’s stock valued at $475,837,000 after acquiring an additional 3,425,115 shares during the period. Dragoneer Investment Group LLC raised its holdings in shares of DoorDash by 77.9% during the second quarter. Dragoneer Investment Group LLC now owns 2,847,537 shares of the company’s stock worth $309,755,000 after purchasing an additional 1,246,567 shares during the last quarter. Canada Pension Plan Investment Board lifted its position in DoorDash by 595.2% during the first quarter. Canada Pension Plan Investment Board now owns 891,879 shares of the company’s stock valued at $122,830,000 after purchasing an additional 763,579 shares during the period. Allspring Global Investments Holdings LLC boosted its holdings in DoorDash by 216.1% in the third quarter. Allspring Global Investments Holdings LLC now owns 1,082,362 shares of the company’s stock valued at $154,486,000 after purchasing an additional 739,961 shares during the last quarter. Finally, Jupiter Asset Management Ltd. grew its position in DoorDash by 3,284.7% during the 2nd quarter. Jupiter Asset Management Ltd. now owns 729,779 shares of the company’s stock worth $79,385,000 after purchasing an additional 708,218 shares during the period. Institutional investors and hedge funds own 90.64% of the company’s stock.

Insiders Place Their Bets

In other news, COO Prabir Adarkar sold 32,124 shares of the company’s stock in a transaction on Tuesday, October 15th. The stock was sold at an average price of $147.99, for a total value of $4,754,030.76. Following the transaction, the chief operating officer now owns 963,094 shares of the company’s stock, valued at $142,528,281.06. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, CFO Ravi Inukonda sold 7,000 shares of the stock in a transaction that occurred on Friday, August 30th. The shares were sold at an average price of $127.86, for a total transaction of $895,020.00. Following the completion of the transaction, the chief financial officer now owns 396,152 shares of the company’s stock, valued at approximately $50,651,994.72. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, COO Prabir Adarkar sold 32,124 shares of the business’s stock in a transaction that occurred on Tuesday, October 15th. The shares were sold at an average price of $147.99, for a total value of $4,754,030.76. Following the completion of the sale, the chief operating officer now directly owns 963,094 shares in the company, valued at approximately $142,528,281.06. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 324,539 shares of company stock valued at $46,439,330 over the last quarter. 7.92% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of analysts have recently commented on the company. Cantor Fitzgerald restated an “overweight” rating and issued a $160.00 target price on shares of DoorDash in a research note on Monday, October 7th. Barclays upped their price objective on DoorDash from $120.00 to $163.00 and gave the stock an “equal weight” rating in a research report on Friday, November 1st. BMO Capital Markets lifted their target price on shares of DoorDash from $140.00 to $180.00 and gave the company an “outperform” rating in a report on Thursday, October 31st. Redburn Atlantic initiated coverage on shares of DoorDash in a report on Friday, July 26th. They set a “buy” rating and a $170.00 price target on the stock. Finally, KeyCorp raised their price target on shares of DoorDash from $177.00 to $180.00 and gave the company an “overweight” rating in a research report on Thursday, October 31st. Ten equities research analysts have rated the stock with a hold rating and twenty-four have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $163.12.

DoorDash Trading Up 0.5 %

Shares of DASH opened at $171.40 on Friday. DoorDash, Inc. has a 12-month low of $83.58 and a 12-month high of $172.18. The firm has a market capitalization of $71.20 billion, a P/E ratio of -380.89, a P/E/G ratio of 14.27 and a beta of 1.67. The firm has a 50-day moving average price of $144.18 and a 200 day moving average price of $125.43.

DoorDash (NASDAQ:DASH) last announced its quarterly earnings results on Wednesday, October 30th. The company reported $0.38 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.21 by $0.17. The business had revenue of $2.71 billion during the quarter, compared to the consensus estimate of $2.66 billion. DoorDash had a negative net margin of 1.69% and a negative return on equity of 2.41%. The business’s revenue was up 25.0% compared to the same quarter last year. During the same quarter last year, the firm earned ($0.19) EPS. Equities research analysts predict that DoorDash, Inc. will post 0.24 earnings per share for the current fiscal year.

DoorDash Company 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.