State of Alaska Department of Revenue Takes Position in DoorDash, Inc. (NASDAQ:DASH)

State of Alaska Department of Revenue acquired a new stake in DoorDash, Inc. (NASDAQ:DASH - Free Report) during the 1st quarter, according to its most recent filing with the SEC. The institutional investor acquired 39,755 shares of the company's stock, valued at approximately $7,266,000.

Several other large investors also recently modified their holdings of the stock. Vanguard Group Inc. grew its stake in shares of DoorDash by 1.0% in the 4th quarter. Vanguard Group Inc. now owns 31,323,404 shares of the company's stock valued at $5,254,501,000 after purchasing an additional 317,502 shares during the period. Capital World Investors grew its position in DoorDash by 26.4% during the 4th 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. grew its position in 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 acquiring an additional 949,414 shares during the last quarter. Arrowstreet Capital Limited Partnership grew 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 worth $780,858,000 after acquiring an additional 1,869,866 shares during the last quarter. Finally, Geode Capital Management LLC grew its position in DoorDash by 1.9% during the 4th quarter. Geode Capital Management LLC now owns 4,558,821 shares of the company's stock worth $763,198,000 after acquiring an additional 86,667 shares during the last quarter. 90.64% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts recently commented on the company. Oppenheimer restated a "hold" rating on shares of DoorDash in a research report on Monday, March 10th. Wedbush restated an "outperform" rating on shares of DoorDash in a research report on Wednesday, May 7th. BMO Capital Markets restated an "outperform" rating on shares of DoorDash in a research report on Tuesday, April 29th. Wall Street Zen upgraded DoorDash from a "hold" rating to a "buy" rating in a research report on Saturday, June 7th. Finally, Roth Capital set a $191.00 price objective on DoorDash and gave the company a "neutral" rating in a research report on Wednesday, May 7th. Eleven analysts have rated the stock with a hold rating and twenty-five have given a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $210.21.

DoorDash Stock Down 0.1%

DoorDash stock traded down $0.12 during mid-day trading on Friday, hitting $220.46. 6,878,903 shares of the company's stock were exchanged, compared to its average volume of 4,236,558. The firm has a market capitalization of $93.42 billion, a P/E ratio of 286.32 and a beta of 1.67. DoorDash, Inc. has a fifty-two week low of $99.32 and a fifty-two week high of $223.81. The company's 50 day simple moving average is $200.53 and its 200-day simple moving average is $189.25.

DoorDash (NASDAQ:DASH - Get Free Report) last issued its quarterly earnings data on Tuesday, May 6th. The company reported $0.44 EPS for the quarter, topping the consensus estimate of $0.39 by $0.05. The business had revenue of $3.03 billion for the quarter, compared to the consensus estimate of $3.10 billion. DoorDash had a return on equity of 4.39% and a net margin of 3.02%. The firm's revenue was up 20.7% compared to the same quarter last year. During the same quarter last year, the business posted ($0.06) EPS. Research analysts expect that DoorDash, Inc. will post 2.22 EPS for the current year.

Insider Buying and Selling

In other DoorDash news, Director Stanley Tang sold 45,410 shares of the stock in a transaction dated Tuesday, April 1st. The stock was 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 approximately $3,313,424.85. This represents a 71.29% decrease in their position. The transaction was disclosed in a document filed 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 value of $266,788.50. Following the transaction, the chief financial officer now owns 337,430 shares of the company's stock, valued at approximately $63,173,644.60. This trade represents a 0.42% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 342,274 shares of company stock valued at $69,198,499. 5.83% of the stock is owned by company insiders.

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.