GF Fund Management CO. LTD. Purchases Shares of 73,721 DoorDash, Inc. (NASDAQ:DASH)

GF Fund Management CO. LTD. purchased a new position in DoorDash, Inc. (NASDAQ:DASH - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 73,721 shares of the company's stock, valued at approximately $12,367,000.

A number of other institutional investors have also recently made changes to their positions in DASH. Pittenger & Anderson Inc. purchased a new position in DoorDash during the fourth quarter valued at approximately $29,000. Denver PWM LLC purchased a new stake in shares of DoorDash in the 4th quarter valued at approximately $30,000. Princeton Global Asset Management LLC acquired a new position in shares of DoorDash in the 4th quarter worth approximately $34,000. IFP Advisors Inc raised its holdings in shares of DoorDash by 31.8% in the 4th quarter. IFP Advisors Inc now owns 224 shares of the company's stock valued at $37,000 after purchasing an additional 54 shares in the last quarter. Finally, MassMutual Private Wealth & Trust FSB grew its holdings in shares of DoorDash by 34.0% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 272 shares of the company's stock worth $46,000 after purchasing an additional 69 shares during the last quarter. Hedge funds and other institutional investors own 90.64% of the company's stock.

Insider Buying and Selling

In other DoorDash news, COO Prabir Adarkar sold 62,267 shares of the stock in a transaction that occurred on Friday, May 23rd. The shares were sold at an average price of $202.67, for a total value of $12,619,652.89. Following the completion of the sale, the chief operating officer now owns 942,554 shares in the company, valued at $191,027,419.18. This represents a 6.20% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Ravi Inukonda sold 14,715 shares of the firm's stock in a transaction on Monday, March 24th. The shares were sold at an average price of $196.52, for a total transaction of $2,891,791.80. Following the completion of the transaction, the chief financial officer now owns 338,055 shares in the company, valued at $66,434,568.60. The trade was a 4.17% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 208,440 shares of company stock worth $40,395,936 over the last quarter. 5.83% of the stock is owned by company insiders.

DoorDash Stock Performance

Shares of NASDAQ:DASH traded down $1.66 during midday trading on Thursday, hitting $204.93. 1,854,017 shares of the company's stock traded hands, compared to its average volume of 4,200,431. The company has a market cap of $86.84 billion, a PE ratio of 758.81 and a beta of 1.68. The firm's fifty day moving average price is $188.79 and its two-hundred day moving average price is $184.49. DoorDash, Inc. has a twelve month low of $99.32 and a twelve month high of $215.25.

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 analysts' consensus estimates of $0.39 by $0.05. The firm had revenue of $3.03 billion for the quarter, compared to analyst estimates of $3.10 billion. DoorDash had a net margin of 1.15% and a return on equity of 1.67%. The firm's revenue was up 20.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted ($0.06) EPS. As a group, equities research analysts anticipate that DoorDash, Inc. will post 2.22 EPS for the current fiscal year.

Analysts Set New Price Targets

Several analysts have commented on the stock. Royal Bank of Canada reaffirmed an "outperform" rating and issued a $230.00 target price on shares of DoorDash in a research note on Wednesday, May 7th. JPMorgan Chase & Co. reduced their target price on shares of DoorDash from $205.00 to $175.00 and set a "neutral" rating for the company in a report on Tuesday, April 8th. Benchmark lifted their target price on shares of DoorDash from $220.00 to $225.00 and gave the company a "buy" rating in a research note on Wednesday, May 7th. BMO Capital Markets reaffirmed an "outperform" rating on shares of DoorDash in a research report on Tuesday, April 29th. Finally, Evercore ISI restated an "outperform" rating on shares of DoorDash in a research report on Monday, March 10th. Ten equities research analysts have rated the stock with a hold rating and twenty-five have given a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $209.97.

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.