GF Fund Management CO. LTD. Takes $12.37 Million Position in DoorDash, Inc. (NASDAQ:DASH)

GF Fund Management CO. LTD. acquired a new stake in DoorDash, Inc. (NASDAQ:DASH - Free Report) during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 73,721 shares of the company's stock, valued at approximately $12,367,000.

A number of other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. boosted 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 last quarter. Capital World Investors boosted its stake in 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 in the last quarter. Franklin Resources Inc. boosted its stake in DoorDash by 25.0% during the fourth 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 in the last quarter. Arrowstreet Capital Limited Partnership boosted its stake in DoorDash by 67.1% during the fourth 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 in the last quarter. Finally, Geode Capital Management LLC boosted its stake in DoorDash by 1.9% during the fourth 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 in the last quarter. 90.64% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other DoorDash news, CFO Ravi Inukonda sold 1,425 shares of DoorDash stock in a transaction dated Friday, April 25th. The shares were sold at an average price of $187.22, for a total value of $266,788.50. Following the sale, the chief financial officer now owns 337,430 shares of the company's stock, valued at approximately $63,173,644.60. The trade was a 0.42% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Stanley Tang sold 45,410 shares of DoorDash 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 sale, the director now directly owns 18,285 shares in the company, valued at approximately $3,313,424.85. This represents a 71.29% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 101,612 shares of company stock valued at $18,808,326. Company insiders own 5.83% of the company's stock.

DoorDash Stock Performance

DASH stock traded down $1.26 during mid-day trading on Tuesday, hitting $204.89. The company had a trading volume of 5,322,567 shares, compared to its average volume of 4,196,607. The firm has a market cap of $86.82 billion, a PE ratio of 758.85 and a beta of 1.68. DoorDash, Inc. has a 12 month low of $99.32 and a 12 month high of $215.25. The stock's fifty day moving average price is $188.24 and its two-hundred day moving average price is $184.20.

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 the consensus estimate of $0.39 by $0.05. The business 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 company's revenue for the quarter was up 20.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($0.06) earnings per share. Equities analysts anticipate that DoorDash, Inc. will post 2.22 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the stock. Truist Financial increased their target price on shares of DoorDash from $217.00 to $235.00 and gave the stock a "buy" rating in a research note on Wednesday, February 12th. Royal Bank of Canada reissued an "outperform" rating and set a $230.00 target price on shares of DoorDash in a research note on Wednesday, May 7th. Oppenheimer reissued a "hold" rating on shares of DoorDash in a research note on Monday, March 10th. Bank of America cut their target price on shares of DoorDash from $245.00 to $235.00 and set a "buy" rating on the stock in a research note on Monday, April 7th. Finally, Susquehanna increased their target price on shares of DoorDash from $180.00 to $235.00 and gave the stock a "positive" rating in a research note on Thursday, February 13th. Ten 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.com, the company currently has an average 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.