Durable Capital Partners LP Invests $38.17 Million in DoorDash, Inc. (NASDAQ:DASH)

Durable Capital Partners LP acquired a new stake in DoorDash, Inc. (NASDAQ:DASH - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 227,553 shares of the company's stock, valued at approximately $38,172,000. Durable Capital Partners LP owned approximately 0.05% of DoorDash at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the stock. Vanguard Group Inc. raised its position in DoorDash by 1.0% in the 4th quarter. Vanguard Group Inc. now owns 31,323,404 shares of the company's stock worth $5,254,501,000 after purchasing an additional 317,502 shares during the last quarter. Capital World Investors raised its position in shares of DoorDash by 26.4% during the fourth quarter. Capital World Investors now owns 12,153,265 shares of the company's stock worth $2,038,712,000 after acquiring an additional 2,538,160 shares during the last quarter. Franklin Resources Inc. lifted its stake in shares of DoorDash by 25.0% during the fourth quarter. Franklin Resources Inc. now owns 4,749,810 shares of the company's stock valued at $796,781,000 after acquiring an additional 949,414 shares during the period. Arrowstreet Capital Limited Partnership increased its position in DoorDash by 67.1% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 4,654,891 shares of the company's stock worth $780,858,000 after purchasing an additional 1,869,866 shares during the period. Finally, Geode Capital Management LLC increased its position in DoorDash by 1.9% in the fourth quarter. Geode Capital Management LLC now owns 4,558,821 shares of the company's stock worth $763,198,000 after purchasing an additional 86,667 shares during the period. 90.64% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on DASH. Truist Financial raised their target price on shares of DoorDash from $217.00 to $235.00 and gave the company a "buy" rating in a research note on Wednesday, February 12th. Bank of America dropped their target price on shares of DoorDash from $245.00 to $235.00 and set a "buy" rating for the company in a research report on Monday, April 7th. Roth Mkm increased their price target on DoorDash from $165.00 to $193.00 and gave the company a "neutral" rating in a research note on Wednesday, February 12th. Mizuho lifted their price objective on DoorDash from $200.00 to $222.00 and gave the stock an "outperform" rating in a research note on Wednesday, February 12th. Finally, Barclays increased their target price on DoorDash from $163.00 to $200.00 and gave the company an "equal weight" rating in a research note on Thursday, February 13th. Ten research analysts have rated the stock with a hold rating and twenty-four have issued a buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $209.97.

Insider Transactions at DoorDash

In related news, Director Andy Fang sold 1,398 shares of the business's stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $203.45, for a total transaction of $284,423.10. Following the transaction, the director now directly owns 14,778 shares of the company's stock, valued at approximately $3,006,584.10. The trade was a 8.64 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Keith Yandell sold 8,116 shares of the firm's stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $203.45, for a total value of $1,651,200.20. Following the sale, the insider now directly owns 105,162 shares of the company's stock, valued at $21,395,208.90. This represents a 7.16 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 158,573 shares of company stock worth $30,407,073 in the last ninety days. Insiders own 7.92% of the company's stock.

DoorDash Price Performance

DASH stock traded up $0.60 during mid-day trading on Friday, reaching $183.56. The company had a trading volume of 3,422,208 shares, compared to its average volume of 4,179,111. The company has a market capitalization of $77.11 billion, a price-to-earnings ratio of 679.85 and a beta of 1.68. DoorDash, Inc. has a 52 week low of $99.32 and a 52 week high of $215.25. The stock has a 50 day simple moving average of $184.61 and a two-hundred day simple moving average of $180.63.

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