Dimensional Fund Advisors LP Acquires 87,272 Shares of DoorDash, Inc. $DASH

Key Points

• Dimensional Fund Advisors LP increased its holdings in DoorDash by 11.9%, owning approximately 0.20% of the company, valued at $150.27 million following its recent purchase of 87,272 shares.
• Insider transactions involve significant sell-offs, with Director Stanley Tang selling 45,410 shares for over $11 million, representing a 63.53% decrease in ownership, while Director Andy Fang sold 50,000 shares for nearly $13.8 million, marking a 68.92% decrease in their position.
• Equities analysts have raised their price targets for DoorDash, with a consensus price target now at $263.88, reflecting a generally positive outlook on the company's future performance.

Dimensional Fund Advisors LP increased its stake in DoorDash, Inc. (NASDAQ:DASH - Free Report) by 11.9% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 822,185 shares of the company's stock after buying an additional 87,272 shares during the period. Dimensional Fund Advisors LP owned 0.20% of DoorDash worth $150,270,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of DASH. Vanguard Group Inc. raised its stake in DoorDash by 25.8% in the first quarter. Vanguard Group Inc. now owns 39,397,286 shares of the company's stock worth $7,200,642,000 after buying an additional 8,073,882 shares in the last quarter. Invesco Ltd. raised its stake in DoorDash by 41.9% in the first quarter. Invesco Ltd. now owns 4,799,851 shares of the company's stock worth $877,269,000 after buying an additional 1,416,194 shares in the last quarter. Nuveen LLC bought a new position in DoorDash in the first quarter worth about $211,415,000. Deutsche Bank AG raised its stake in DoorDash by 111.3% in the first quarter. Deutsche Bank AG now owns 2,009,699 shares of the company's stock worth $367,313,000 after buying an additional 1,058,731 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its stake in DoorDash by 62.6% in the first quarter. Charles Schwab Investment Management Inc. now owns 2,305,627 shares of the company's stock worth $421,399,000 after buying an additional 887,435 shares in the last quarter. 90.64% of the stock is owned by institutional investors.

DoorDash Stock Up 1.4%

Shares of DASH traded up $3.51 on Tuesday, hitting $248.79. 3,104,458 shares of the stock traded hands, compared to its average volume of 3,865,233. The company has a market capitalization of $106.28 billion, a PE ratio of 138.22 and a beta of 1.70. The company has a debt-to-equity ratio of 0.30, a quick ratio of 2.07 and a current ratio of 2.07. The business has a 50 day simple moving average of $243.99 and a 200 day simple moving average of $211.73. DoorDash, Inc. has a one year low of $122.32 and a one year high of $278.15.

DoorDash (NASDAQ:DASH - Get Free Report) last announced its quarterly earnings results on Wednesday, August 6th. The company reported $0.65 earnings per share for the quarter, beating the consensus estimate of $0.42 by $0.23. DoorDash had a net margin of 6.57% and a return on equity of 9.56%. The company had revenue of $3.28 billion during the quarter, compared to the consensus estimate of $3.16 billion. During the same quarter last year, the firm earned ($0.38) earnings per share. The firm's quarterly revenue was up 24.9% compared to the same quarter last year. As a group, equities 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 Stanley Tang sold 45,410 shares of DoorDash stock in a transaction that occurred on Friday, August 1st. The shares were sold at an average price of $247.11, for a total value of $11,221,265.10. Following the completion of the sale, the director owned 26,070 shares of the company's stock, valued at approximately $6,442,157.70. The trade was a 63.53% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Andy Fang sold 50,000 shares of DoorDash stock in a transaction that occurred on Thursday, August 7th. The stock was sold at an average price of $275.74, for a total transaction of $13,787,000.00. Following the completion of the sale, the director directly owned 22,545 shares of the company's stock, valued at approximately $6,216,558.30. This trade represents a 68.92% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 890,883 shares of company stock worth $214,419,337. Company insiders own 5.83% of the company's stock.

Analysts Set New Price Targets

DASH has been the subject of a number of research reports. BMO Capital Markets increased their price target on shares of DoorDash from $238.00 to $288.00 and gave the stock an "outperform" rating in a research note on Thursday, August 7th. Piper Sandler upped their price objective on shares of DoorDash from $210.00 to $290.00 and gave the stock a "neutral" rating in a report on Thursday, August 7th. Raymond James Financial restated a "strong-buy" rating and issued a $325.00 price objective (up previously from $275.00) on shares of DoorDash in a report on Thursday, August 7th. BTIG Research upped their price objective on shares of DoorDash from $225.00 to $265.00 and gave the stock a "buy" rating in a report on Tuesday, July 1st. Finally, UBS Group upped their price objective on shares of DoorDash from $260.00 to $280.00 and gave the stock a "neutral" rating in a report on Thursday, August 7th. One analyst has rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating and thirteen have issued a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $263.88.

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.