Mercer Global Advisors Inc. ADV Sells 1,751 Shares of DoorDash, Inc. (NASDAQ:DASH)

Mercer Global Advisors Inc. ADV reduced its stake in shares of DoorDash, Inc. (NASDAQ:DASH - Free Report) by 3.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 55,575 shares of the company's stock after selling 1,751 shares during the quarter. Mercer Global Advisors Inc. ADV's holdings in DoorDash were worth $9,323,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of the stock. Caisse DE Depot ET Placement DU Quebec boosted its stake in DoorDash by 75.4% during the fourth quarter. Caisse DE Depot ET Placement DU Quebec now owns 444,862 shares of the company's stock valued at $74,626,000 after buying an additional 191,213 shares in the last quarter. Becker Capital Management Inc. acquired a new stake in DoorDash in the 4th quarter valued at about $201,000. Comerica Bank boosted its position in shares of DoorDash by 6.1% during the 4th quarter. Comerica Bank now owns 19,764 shares of the company's stock valued at $3,315,000 after purchasing an additional 1,136 shares in the last quarter. Kapitalo Investimentos Ltda acquired a new position in shares of DoorDash in the 4th quarter worth approximately $188,000. Finally, Voleon Capital Management LP bought a new stake in shares of DoorDash in the 4th quarter worth approximately $10,456,000. Institutional investors and hedge funds own 90.64% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the stock. Truist Financial lifted their price target on shares of DoorDash from $217.00 to $235.00 and gave the stock a "buy" rating in a research report on Wednesday, February 12th. Citigroup reaffirmed an "outperform" rating on shares of DoorDash in a research report on Monday, April 28th. DA Davidson increased their price target on DoorDash from $150.00 to $190.00 and gave the company a "neutral" rating in a research report on Tuesday. Susquehanna boosted their price objective on DoorDash from $180.00 to $235.00 and gave the stock a "positive" rating in a report on Thursday, February 13th. Finally, Needham & Company LLC raised their target price on shares of DoorDash from $225.00 to $230.00 and gave the stock a "buy" rating in a report on Wednesday. Ten 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, the stock currently has an average rating of "Moderate Buy" and an average target price of $209.97.

Insider Activity

In other DoorDash news, Director Stanley Tang sold 45,410 shares of the firm's stock in a transaction that occurred on Tuesday, April 1st. The shares were sold at an average price of $181.21, for a total value of $8,228,746.10. Following the sale, the director now owns 18,285 shares in the company, valued at $3,313,424.85. This trade represents a 71.29 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CFO Ravi Inukonda sold 1,425 shares of the company's stock in a transaction on Friday, April 25th. The stock was sold at an average price of $187.22, for a total transaction of $266,788.50. Following the transaction, the chief financial officer now owns 337,430 shares of the company's stock, valued at $63,173,644.60. This trade represents a 0.42 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 158,573 shares of company stock worth $30,407,073. 7.92% of the stock is currently owned by company insiders.

DoorDash Trading Down 0.3 %

DASH stock traded down $0.59 during trading hours on Friday, hitting $182.37. 1,659,868 shares of the stock were exchanged, compared to its average volume of 4,172,212. The company has a 50-day simple moving average of $184.81 and a two-hundred day simple moving average of $180.42. DoorDash, Inc. has a 12 month low of $99.32 and a 12 month high of $215.25. The firm has a market capitalization of $76.61 billion, a P/E ratio of 675.44 and a beta of 1.68.

DoorDash (NASDAQ:DASH - Get Free Report) last announced its earnings results on Tuesday, May 6th. The company reported $0.44 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.39 by $0.05. DoorDash had a net margin of 1.15% and a return on equity of 1.67%. The firm had revenue of $3.03 billion for the quarter, compared to analyst estimates of $3.10 billion. During the same quarter in the prior year, the business posted ($0.06) EPS. The business's revenue was up 20.7% compared to the same quarter last year. On average, equities research analysts predict that DoorDash, Inc. will post 2.22 earnings per share for the current year.

DoorDash 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.