43,789 Shares in DoorDash, Inc. (NASDAQ:DASH) Purchased by Tri Ri Asset Management Corp

Tri Ri Asset Management Corp purchased a new position in DoorDash, Inc. (NASDAQ:DASH) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 43,789 shares of the company’s stock, valued at approximately $6,250,000. DoorDash accounts for about 7.0% of Tri Ri Asset Management Corp’s investment portfolio, making the stock its 3rd biggest holding.

A number of other large investors also recently bought and sold shares of DASH. Baillie Gifford & Co. raised its holdings in DoorDash by 13.2% in the 3rd quarter. Baillie Gifford & Co. now owns 14,142,674 shares of the company’s stock worth $2,018,584,000 after purchasing an additional 1,645,186 shares during the period. Dragoneer Investment Group LLC increased its stake in DoorDash by 77.9% during the 2nd quarter. Dragoneer Investment Group LLC now owns 2,847,537 shares of the company’s stock worth $309,755,000 after buying an additional 1,246,567 shares in the last quarter. Allspring Global Investments Holdings LLC increased its stake in DoorDash by 216.1% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 1,082,362 shares of the company’s stock worth $154,486,000 after buying an additional 739,961 shares in the last quarter. Jupiter Asset Management Ltd. increased its stake 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 buying an additional 708,218 shares in the last quarter. Finally, Janus Henderson Group PLC increased its stake in DoorDash by 14.5% during the 3rd quarter. Janus Henderson Group PLC now owns 5,533,288 shares of the company’s stock worth $789,766,000 after buying an additional 700,465 shares in the last quarter. Institutional investors and hedge funds own 90.64% of the company’s stock.

Analyst Ratings Changes

Several research firms have commented on DASH. Morgan Stanley boosted their price objective on DoorDash from $145.00 to $150.00 and gave the stock an “overweight” rating in a research note on Friday, August 2nd. Needham & Company LLC boosted their price objective on DoorDash from $145.00 to $180.00 and gave the stock a “buy” rating in a research note on Thursday, October 31st. Royal Bank of Canada boosted their price objective on DoorDash from $165.00 to $175.00 and gave the stock an “outperform” rating in a research note on Thursday, October 31st. Evercore ISI boosted their price objective on DoorDash from $155.00 to $200.00 and gave the stock an “outperform” rating in a research note on Thursday, October 31st. Finally, Benchmark upped their price target on DoorDash from $152.00 to $173.00 and gave the company a “buy” rating in a research report on Thursday, October 17th. Ten research analysts have rated the stock with a hold rating and twenty-four have given a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $166.06.

Insider Activity

In other DoorDash news, Director Andy Fang sold 50,000 shares of the firm’s stock in a transaction dated Thursday, September 12th. The stock was sold at an average price of $130.20, for a total transaction of $6,510,000.00. Following the transaction, the director now owns 18,089 shares of the company’s stock, valued at approximately $2,355,187.80. This trade represents a 73.43 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Stanley Tang sold 1,855 shares of the firm’s stock in a transaction dated Wednesday, November 20th. The stock was sold at an average price of $169.98, for a total value of $315,312.90. Following the transaction, the director now directly owns 35,413 shares in the company, valued at approximately $6,019,501.74. The trade was a 4.98 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 546,262 shares of company stock worth $84,620,882. Corporate insiders own 7.92% of the company’s stock.

DoorDash Trading Down 0.3 %

Shares of NASDAQ DASH opened at $178.44 on Friday. DoorDash, Inc. has a 12-month low of $92.58 and a 12-month high of $181.30. The business’s fifty day simple moving average is $156.47 and its 200-day simple moving average is $130.31.

DoorDash (NASDAQ:DASH) last announced its quarterly earnings data on Wednesday, October 30th. The company reported $0.38 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.21 by $0.17. The business had revenue of $2.71 billion for the quarter, compared to analysts’ expectations of $2.66 billion. DoorDash had a negative return on equity of 2.41% and a negative net margin of 1.69%. The company’s revenue for the quarter was up 25.0% compared to the same quarter last year. During the same period last year, the firm earned ($0.19) earnings per share. On average, research analysts forecast that DoorDash, Inc. will post 0.26 earnings per share for the current fiscal year.

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.