DoorDash, Inc. (NASDAQ:DASH) Position Increased by Gateway Investment Advisers LLC

Gateway Investment Advisers LLC raised its position in DoorDash, Inc. (NASDAQ:DASH - Free Report) by 279.1% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 25,974 shares of the company's stock after purchasing an additional 19,122 shares during the quarter. Gateway Investment Advisers LLC's holdings in DoorDash were worth $4,747,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Norges Bank acquired a new stake in shares of DoorDash during the 4th quarter valued at about $597,443,000. Capital World Investors raised its position in DoorDash by 26.4% during the fourth quarter. Capital World Investors now owns 12,153,265 shares of the company's stock valued at $2,038,712,000 after acquiring an additional 2,538,160 shares in the last quarter. Arrowstreet Capital Limited Partnership lifted its stake in DoorDash by 67.1% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 4,654,891 shares of the company's stock valued at $780,858,000 after acquiring an additional 1,869,866 shares during the last quarter. Franklin Resources Inc. lifted its stake in DoorDash by 25.0% in the fourth quarter. Franklin Resources Inc. now owns 4,749,810 shares of the company's stock valued at $796,781,000 after acquiring an additional 949,414 shares during the last quarter. Finally, Raymond James Financial Inc. bought a new stake in DoorDash in the fourth quarter worth approximately $146,094,000. Hedge funds and other institutional investors own 90.64% of the company's stock.

Insider Activity

In other DoorDash news, CFO Ravi Inukonda sold 1,425 shares of DoorDash stock in a transaction on Friday, April 25th. The stock was sold at an average price of $187.22, for a total transaction of $266,788.50. Following the completion of the transaction, the chief financial officer now directly owns 337,430 shares of the company's stock, valued at approximately $63,173,644.60. This trade represents a 0.42% 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 link. Also, COO Prabir Adarkar sold 62,267 shares of the business's stock in a transaction on Friday, May 23rd. The shares were 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 $191,027,419.18. This represents a 6.20% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 268,030 shares of company stock worth $52,907,806. Company insiders own 5.83% of the company's stock.

Wall Street Analysts Forecast Growth

DASH has been the topic of a number of recent research reports. Roth Capital set a $191.00 price target on shares of DoorDash and gave the company a "neutral" rating in a report on Wednesday, May 7th. Susquehanna raised their target price on DoorDash from $180.00 to $235.00 and gave the company a "positive" rating in a report on Thursday, February 13th. Barclays upped their price target on DoorDash from $163.00 to $200.00 and gave the stock an "equal weight" rating in a research note on Thursday, February 13th. The Goldman Sachs Group increased their price objective on DoorDash from $192.00 to $212.00 and gave the company a "neutral" rating in a report on Wednesday, February 12th. Finally, Wall Street Zen upgraded DoorDash from a "hold" rating to a "buy" rating in a report on Saturday. Ten equities research analysts have rated the stock with a hold rating and twenty-five have issued a buy rating to the company. According to MarketBeat.com, DoorDash presently has a consensus rating of "Moderate Buy" and an average price target of $209.97.

DoorDash Stock Performance

Shares of DASH stock opened at $218.45 on Friday. The firm has a fifty day moving average of $191.96 and a 200-day moving average of $186.47. The stock has a market cap of $92.57 billion, a price-to-earnings ratio of 809.07 and a beta of 1.67. DoorDash, Inc. has a 52-week low of $99.32 and a 52-week high of $220.88.

DoorDash (NASDAQ:DASH - Get Free Report) last posted its quarterly earnings results on Tuesday, May 6th. The company reported $0.44 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.39 by $0.05. The firm had revenue of $3.03 billion during 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 quarterly revenue was up 20.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted ($0.06) earnings per share. On average, sell-side analysts predict that DoorDash, Inc. will post 2.22 earnings per share for the current year.

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.

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