DoorDash, Inc. $DASH Shares Purchased by Robeco Institutional Asset Management B.V.

Key Points

• Robeco Institutional Asset Management B.V. increased its stake in DoorDash by 74.2%, acquiring a total of 1,003,268 shares valued at approximately $247.3 million.
• Analysts have raised their price targets for DoorDash, with Oppenheimer setting a new target of $310.00, reflecting increased investor confidence.
• Company insiders have sold a total of 891,841 shares in the last 90 days, indicating a significant decrease in their ownership stake.

Robeco Institutional Asset Management B.V. raised its stake in shares of DoorDash, Inc. (NASDAQ:DASH - Free Report) by 74.2% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,003,268 shares of the company's stock after buying an additional 427,269 shares during the quarter. Robeco Institutional Asset Management B.V. owned about 0.24% of DoorDash worth $247,316,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Saudi Central Bank acquired a new stake in shares of DoorDash during the first quarter worth $25,000. WPG Advisers LLC acquired a new stake in shares of DoorDash during the first quarter worth $26,000. Pacific Center for Financial Services acquired a new stake in shares of DoorDash during the first quarter worth $27,000. Harbour Investments Inc. boosted its holdings in shares of DoorDash by 55.6% during the first quarter. Harbour Investments Inc. now owns 196 shares of the company's stock worth $36,000 after purchasing an additional 70 shares during the last quarter. Finally, SouthState Corp boosted its holdings in shares of DoorDash by 762.5% during the first quarter. SouthState Corp now owns 207 shares of the company's stock worth $38,000 after purchasing an additional 183 shares during the last quarter. Institutional investors and hedge funds own 90.64% of the company's stock.

Analyst Ratings Changes

DASH has been the topic of several analyst reports. Oppenheimer raised their price objective on DoorDash from $280.00 to $310.00 and gave the stock an "outperform" rating in a report on Thursday, August 7th. Sanford C. Bernstein increased their target price on DoorDash from $210.00 to $265.00 and gave the stock an "outperform" rating in a research report on Monday, July 21st. Cantor Fitzgerald reaffirmed an "overweight" rating and issued a $330.00 target price on shares of DoorDash in a research report on Wednesday, September 17th. Wedbush reaffirmed a "neutral" rating on shares of DoorDash in a research report on Friday, August 8th. Finally, Wells Fargo & Company increased their target price on DoorDash from $280.00 to $306.00 and gave the stock an "equal weight" rating in a research report on Friday, September 5th. Two investment analysts have rated the stock with a Strong Buy rating, twenty have issued a Buy rating and thirteen have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $275.42.

Insider Buying and Selling at DoorDash

In other news, CFO Ravi Inukonda sold 1,425 shares of DoorDash stock in a transaction dated Wednesday, September 24th. The stock was sold at an average price of $266.16, for a total transaction of $379,278.00. Following the sale, the chief financial officer directly owned 214,772 shares of the company's stock, valued at approximately $57,163,715.52. The trade was a 0.66% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO Prabir Adarkar sold 30,000 shares of DoorDash stock in a transaction dated Monday, September 29th. The stock was sold at an average price of $270.60, for a total value of $8,118,000.00. Following the sale, the chief operating officer directly owned 914,547 shares in the company, valued at approximately $247,476,418.20. The trade was a 3.18% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 891,841 shares of company stock valued at $220,178,742. Company insiders own 5.83% of the company's stock.

DoorDash Trading Down 1.6%

NASDAQ:DASH opened at $267.64 on Thursday. The business's 50-day moving average is $254.56 and its two-hundred day moving average is $222.77. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.07 and a quick ratio of 2.07. DoorDash, Inc. has a 12 month low of $140.62 and a 12 month high of $278.15. The firm has a market capitalization of $114.34 billion, a PE ratio of 148.69 and a beta of 1.71.

DoorDash (NASDAQ:DASH - Get Free Report) last announced its earnings results on Wednesday, August 6th. The company reported $0.65 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.42 by $0.23. DoorDash had a return on equity of 9.56% and a net margin of 6.57%.The business had revenue of $3.28 billion for the quarter, compared to analyst estimates of $3.16 billion. During the same period in the previous year, the company earned ($0.38) earnings per share. The company's revenue for the quarter was up 24.9% compared to the same quarter last year. Research analysts predict that DoorDash, Inc. will post 2.22 earnings per share for the current fiscal year.

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.

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