MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Purchases 20,075 Shares of DoorDash, Inc. (NASDAQ:DASH)

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in DoorDash, Inc. (NASDAQ:DASH - Free Report) by 7.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 306,202 shares of the company's stock after buying an additional 20,075 shares during the quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned about 0.07% of DoorDash worth $51,365,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of DASH. Moore Capital Management LP increased its position in DoorDash by 501.5% during the fourth quarter. Moore Capital Management LP now owns 127,627 shares of the company's stock worth $21,409,000 after acquiring an additional 106,409 shares during the period. Lazard Asset Management LLC increased its position in DoorDash by 126.0% during the fourth quarter. Lazard Asset Management LLC now owns 24,395 shares of the company's stock worth $4,091,000 after acquiring an additional 13,599 shares during the period. LMR Partners LLP bought a new position in DoorDash during the fourth quarter worth $8,388,000. Investment Management Corp of Ontario increased its position in DoorDash by 93.5% during the fourth quarter. Investment Management Corp of Ontario now owns 25,638 shares of the company's stock worth $4,301,000 after acquiring an additional 12,385 shares during the period. Finally, Jefferies Financial Group Inc. bought a new position in DoorDash during the fourth quarter worth $813,000. 90.64% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at DoorDash

In related news, General Counsel Tia Sherringham sold 12,088 shares of the stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $203.45, for a total value of $2,459,303.60. Following the transaction, the general counsel now directly owns 122,135 shares in the company, valued at $24,848,365.75. This represents a 9.01% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Stanley Tang sold 45,410 shares of the stock in a transaction that occurred on Tuesday, April 1st. The shares were sold at an average price of $181.21, for a total transaction of $8,228,746.10. Following the completion of the transaction, the director now owns 18,285 shares in the company, valued at $3,313,424.85. This represents a 71.29% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 158,573 shares of company stock worth $30,407,073. Corporate insiders own 5.83% of the company's stock.

Analysts Set New Price Targets

DASH has been the topic of a number of research reports. JMP Securities reaffirmed a "market outperform" rating and set a $225.00 target price on shares of DoorDash in a research report on Monday, April 28th. Susquehanna boosted their target price on shares of DoorDash from $180.00 to $235.00 and gave the stock a "positive" rating in a research report on Thursday, February 13th. KeyCorp dropped their target price on shares of DoorDash from $240.00 to $230.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 15th. Needham & Company LLC boosted their target price on shares of DoorDash from $225.00 to $230.00 and gave the stock a "buy" rating in a research report on Wednesday, May 7th. Finally, Benchmark boosted their price target on shares of DoorDash from $220.00 to $225.00 and gave the company a "buy" rating in a report on Wednesday, May 7th. Ten analysts have rated the stock with a hold rating and twenty-four have given a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $209.97.

DoorDash Price Performance

Shares of DASH stock traded up $4.90 during trading hours on Friday, reaching $202.00. 4,181,856 shares of the company were exchanged, compared to its average volume of 4,178,576. DoorDash, Inc. has a fifty-two week low of $99.32 and a fifty-two week high of $215.25. The stock's fifty day moving average is $186.03 and its two-hundred day moving average is $182.14. The company has a market cap of $84.86 billion, a price-to-earnings ratio of 748.15 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 company had revenue of $3.03 billion for the quarter, compared to analyst estimates of $3.10 billion. During the same period in the prior year, the business earned ($0.06) earnings per share. DoorDash's quarterly revenue was up 20.7% on a year-over-year basis. On average, research analysts anticipate that DoorDash, Inc. will post 2.22 earnings per share for the current 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.