73,721 Shares in DoorDash, Inc. (NASDAQ:DASH) Purchased by GF Fund Management CO. LTD.

GF Fund Management CO. LTD. bought a new stake 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 bought 73,721 shares of the company's stock, valued at approximately $12,367,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Swedbank AB grew its position in DoorDash by 3.3% in the 4th quarter. Swedbank AB now owns 171,055 shares of the company's stock valued at $28,694,000 after buying an additional 5,539 shares in the last quarter. Flagship Harbor Advisors LLC bought a new position in DoorDash in the 4th quarter valued at about $240,000. Merit Financial Group LLC bought a new position in shares of DoorDash during the 4th quarter valued at about $503,000. Forsta AP Fonden boosted its position in shares of DoorDash by 22.8% during the 4th quarter. Forsta AP Fonden now owns 79,200 shares of the company's stock valued at $13,286,000 after purchasing an additional 14,700 shares in the last quarter. Finally, RFG Advisory LLC boosted its position in shares of DoorDash by 47.1% during the 4th quarter. RFG Advisory LLC now owns 4,754 shares of the company's stock valued at $797,000 after purchasing an additional 1,523 shares in the last quarter. Institutional investors own 90.64% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the stock. Citigroup restated an "outperform" rating on shares of DoorDash in a research report on Monday, April 28th. Oppenheimer restated a "hold" rating on shares of DoorDash in a research report on Monday, March 10th. Roth Mkm raised their price objective on shares of DoorDash from $165.00 to $193.00 and gave the company a "neutral" rating in a research report on Wednesday, February 12th. Roth Capital set a $191.00 price objective on shares of DoorDash and gave the company a "neutral" rating in a research report on Wednesday, May 7th. Finally, Susquehanna raised their price objective on shares of DoorDash from $180.00 to $235.00 and gave the company a "positive" rating in a research report on Thursday, February 13th. Ten investment analysts have rated the stock with a hold rating and twenty-five have issued a buy rating to the company's stock. According to data from MarketBeat, DoorDash presently has an average rating of "Moderate Buy" and a consensus target price of $209.97.

DoorDash Trading Up 0.8%

DASH stock traded up $1.70 during mid-day trading on Wednesday, reaching $206.59. The company's stock had a trading volume of 6,592,838 shares, compared to its average volume of 4,206,429. The company has a market cap of $87.54 billion, a price-to-earnings ratio of 765.15 and a beta of 1.68. The business's 50 day moving average price is $188.48 and its 200 day moving average price is $184.34. DoorDash, Inc. has a 12 month low of $99.32 and a 12 month high of $215.25.

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

Insider Activity

In related news, COO Prabir Adarkar sold 62,267 shares of the company's stock in a transaction on Friday, May 23rd. The stock was sold at an average price of $202.67, for a total transaction 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 approximately $191,027,419.18. This represents a 6.20% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Ravi Inukonda sold 14,715 shares of the business's stock in a transaction on Monday, March 24th. The stock was sold at an average price of $196.52, for a total value of $2,891,791.80. Following the completion of the transaction, the chief financial officer now directly owns 338,055 shares in the company, valued at approximately $66,434,568.60. This represents a 4.17% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 176,835 shares of company stock worth $34,078,096 over the last quarter. 5.83% of the stock is currently 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.