Ensign Peak Advisors Inc Purchases 14,057 Shares of DoorDash, Inc. (NASDAQ:DASH)

Ensign Peak Advisors Inc raised its holdings in shares of DoorDash, Inc. (NASDAQ:DASH - Free Report) by 4.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 329,666 shares of the company's stock after purchasing an additional 14,057 shares during the quarter. Ensign Peak Advisors Inc owned 0.08% of DoorDash worth $55,301,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the stock. Norges Bank purchased a new stake in shares of DoorDash in the fourth quarter valued at approximately $597,443,000. Capital World Investors increased its holdings in DoorDash by 26.4% during the fourth quarter. Capital World Investors now owns 12,153,265 shares of the company's stock valued at $2,038,712,000 after buying an additional 2,538,160 shares during the period. Arrowstreet Capital Limited Partnership boosted its position in DoorDash by 67.1% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 4,654,891 shares of the company's stock valued at $780,858,000 after acquiring an additional 1,869,866 shares in the last quarter. Franklin Resources Inc. lifted its stake in shares of DoorDash by 25.0% during the 4th quarter. Franklin Resources Inc. now owns 4,749,810 shares of the company's stock worth $796,781,000 after purchasing an additional 949,414 shares during the last quarter. Finally, Raymond James Financial Inc. bought a new stake in DoorDash during the fourth quarter valued at about $146,094,000. 90.64% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

DASH has been the subject of a number of recent analyst reports. Truist Financial raised their price objective on DoorDash from $217.00 to $235.00 and gave the stock a "buy" rating in a research report on Wednesday, February 12th. Mizuho raised their price target on DoorDash from $200.00 to $222.00 and gave the stock an "outperform" rating in a report on Wednesday, February 12th. Susquehanna upped their price objective on shares of DoorDash from $180.00 to $235.00 and gave the company a "positive" rating in a report on Thursday, February 13th. KeyCorp lowered their target price on shares of DoorDash from $240.00 to $230.00 and set an "overweight" rating for the company in a research note on Tuesday, April 15th. Finally, Wedbush restated an "outperform" rating on shares of DoorDash in a research note on Wednesday, May 7th. Ten analysts have rated the stock with a hold rating and twenty-four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $209.97.

DoorDash Stock Performance

DASH traded up $5.70 during trading on Tuesday, reaching $197.80. 3,843,150 shares of the company's stock were exchanged, compared to its average volume of 4,177,663. The company's fifty day moving average price is $184.56 and its 200-day moving average price is $181.30. The firm has a market capitalization of $83.09 billion, a PE ratio of 732.59 and a beta of 1.68. DoorDash, Inc. has a fifty-two week low of $99.32 and a fifty-two week high of $215.25.

DoorDash (NASDAQ:DASH - Get Free Report) last announced its quarterly earnings data on Tuesday, May 6th. The company reported $0.44 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 business had revenue of $3.03 billion for the quarter, compared to analyst estimates of $3.10 billion. During the same quarter in the previous year, the firm posted ($0.06) earnings per share. The firm's revenue for the quarter was up 20.7% on a year-over-year basis. Research analysts forecast that DoorDash, Inc. will post 2.22 earnings per share for the current fiscal year.

Insider Activity at DoorDash

In other DoorDash news, Director Andy Fang sold 1,398 shares of the 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 in the company, valued at approximately $3,006,584.10. This represents a 8.64% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Ravi Inukonda sold 1,425 shares of the stock in a transaction dated 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 directly owns 337,430 shares in the company, valued at $63,173,644.60. This trade represents a 0.42% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 158,573 shares of company stock valued at $30,407,073 over the last quarter. 7.92% of the stock is owned by corporate insiders.

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.