DoorDash, Inc. (NASDAQ:DASH) Holdings Lowered by Primecap Management Co. CA

Primecap Management Co. CA cut its stake in DoorDash, Inc. (NASDAQ:DASH) by 0.3% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 130,160 shares of the company’s stock after selling 410 shares during the period. Primecap Management Co. CA’s holdings in DoorDash were worth $18,578,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the stock. O Shaughnessy Asset Management LLC boosted its stake in DoorDash by 29.4% during the first quarter. O Shaughnessy Asset Management LLC now owns 8,565 shares of the company’s stock valued at $1,180,000 after buying an additional 1,944 shares in the last quarter. UniSuper Management Pty Ltd boosted its position in shares of DoorDash by 94.7% during the 1st quarter. UniSuper Management Pty Ltd now owns 3,700 shares of the company’s stock valued at $510,000 after purchasing an additional 1,800 shares in the last quarter. LRI Investments LLC acquired a new position in shares of DoorDash in the 1st quarter worth approximately $105,000. Lazard Asset Management LLC raised its holdings in shares of DoorDash by 18,975.0% in the 1st quarter. Lazard Asset Management LLC now owns 2,289 shares of the company’s stock worth $314,000 after purchasing an additional 2,277 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD lifted its stake in DoorDash by 4.6% during the first quarter. Price T Rowe Associates Inc. MD now owns 5,469,647 shares of the company’s stock valued at $753,281,000 after purchasing an additional 242,956 shares during the last quarter. Institutional investors and hedge funds own 90.64% of the company’s stock.

Insider Activity

In other DoorDash news, insider Keith Yandell sold 7,980 shares of the firm’s stock in a transaction on Wednesday, November 20th. The shares were sold at an average price of $169.98, for a total value of $1,356,440.40. Following the sale, the insider now directly owns 124,221 shares in the company, valued at $21,115,085.58. This trade represents a 6.04 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Andy Fang sold 50,000 shares of the company’s stock in a transaction dated Thursday, September 12th. The shares were sold at an average price of $130.20, for a total transaction of $6,510,000.00. Following the transaction, the director now directly owns 18,089 shares of the company’s stock, valued at $2,355,187.80. This represents a 73.43 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 547,753 shares of company stock valued at $84,544,996. 7.92% of the stock is owned by insiders.

DoorDash Stock Up 2.4 %

Shares of DoorDash stock opened at $177.24 on Friday. DoorDash, Inc. has a 12-month low of $92.56 and a 12-month high of $178.16. The stock has a market capitalization of $73.63 billion, a P/E ratio of -393.87, a PEG ratio of 14.82 and a beta of 1.67. The stock has a 50 day moving average price of $153.61 and a two-hundred day moving average price of $128.87.

DoorDash (NASDAQ:DASH) last posted its earnings results on Wednesday, October 30th. The company reported $0.38 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.21 by $0.17. The business had revenue of $2.71 billion for the quarter, compared to analyst estimates of $2.66 billion. DoorDash had a negative net margin of 1.69% and a negative return on equity of 2.41%. DoorDash’s revenue was up 25.0% compared to the same quarter last year. During the same period last year, the business posted ($0.19) EPS. Sell-side analysts anticipate that DoorDash, Inc. will post 0.24 earnings per share for the current year.

Analysts Set New Price Targets

Several research analysts have issued reports on the stock. Benchmark lifted their price target on shares of DoorDash from $152.00 to $173.00 and gave the stock a “buy” rating in a research report on Thursday, October 17th. Mizuho boosted their target price on DoorDash from $162.00 to $173.00 and gave the stock an “outperform” rating in a research report on Thursday, October 24th. Jefferies Financial Group increased their price target on DoorDash from $155.00 to $180.00 and gave the company a “buy” rating in a research report on Tuesday, October 22nd. Piper Sandler boosted their price objective on DoorDash from $125.00 to $160.00 and gave the stock a “neutral” rating in a report on Thursday, October 31st. Finally, Wells Fargo & Company raised their target price on shares of DoorDash from $127.00 to $142.00 and gave the stock an “equal weight” rating in a report on Friday, October 4th. Ten analysts have rated the stock with a hold rating and twenty-four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $164.03.

About DoorDash

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.