DoorDash, Inc. (NASDAQ:DASH) Shares Purchased by Choreo LLC

Choreo LLC boosted its holdings in shares of DoorDash, Inc. (NASDAQ:DASH - Free Report) by 62.1% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 7,932 shares of the company's stock after acquiring an additional 3,038 shares during the quarter. Choreo LLC's holdings in DoorDash were worth $1,450,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Capital World Investors lifted its holdings in shares of DoorDash by 26.4% in the 4th quarter. Capital World Investors now owns 12,153,265 shares of the company's stock worth $2,038,712,000 after buying an additional 2,538,160 shares during the period. Franklin Resources Inc. lifted its holdings in shares of DoorDash by 25.0% in the 4th quarter. Franklin Resources Inc. now owns 4,749,810 shares of the company's stock worth $796,781,000 after buying an additional 949,414 shares during the period. Arrowstreet Capital Limited Partnership lifted its holdings in shares of DoorDash by 67.1% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 4,654,891 shares of the company's stock worth $780,858,000 after buying an additional 1,869,866 shares during the period. Geode Capital Management LLC lifted its holdings in shares of DoorDash by 1.9% in the 4th quarter. Geode Capital Management LLC now owns 4,558,821 shares of the company's stock worth $763,198,000 after buying an additional 86,667 shares during the period. Finally, Norges Bank purchased a new stake in shares of DoorDash in the 4th quarter worth $597,443,000. Hedge funds and other institutional investors own 90.64% of the company's stock.

DoorDash Price Performance

NASDAQ:DASH traded up $6.23 during trading hours on Friday, reaching $249.92. The company had a trading volume of 3,051,438 shares, compared to its average volume of 3,405,321. DoorDash, Inc. has a 1-year low of $102.81 and a 1-year high of $250.23. The firm has a market cap of $105.90 billion, a PE ratio of 324.58 and a beta of 1.70. The business's 50 day moving average price is $226.30 and its 200-day moving average price is $201.03.

DoorDash (NASDAQ:DASH - Get Free Report) last announced its quarterly earnings results on Tuesday, May 6th. The company reported $0.44 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.39 by $0.05. DoorDash had a return on equity of 4.39% and a net margin of 3.02%. The company had revenue of $3.03 billion during the quarter, compared to the consensus estimate of $3.10 billion. During the same period in the previous year, the company posted ($0.06) earnings per share. DoorDash's revenue for the quarter was up 20.7% on a year-over-year basis. On average, analysts expect that DoorDash, Inc. will post 2.22 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the company. Needham & Company LLC upped their target price on DoorDash from $225.00 to $230.00 and gave the stock a "buy" rating in a report on Wednesday, May 7th. Wells Fargo & Company upped their target price on DoorDash from $198.00 to $239.00 and gave the stock an "equal weight" rating in a report on Monday, July 7th. Citigroup reiterated an "outperform" rating on shares of DoorDash in a report on Thursday, June 12th. Wall Street Zen raised DoorDash from a "hold" rating to a "buy" rating in a research report on Saturday. Finally, Cantor Fitzgerald reiterated an "overweight" rating and issued a $260.00 target price (up previously from $210.00) on shares of DoorDash in a research note on Wednesday, June 25th. Eleven research analysts have rated the stock with a hold rating, twenty-four have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $232.12.

Insider Buying and Selling at DoorDash

In other news, CFO Ravi Inukonda sold 20,000 shares of the company's stock in a transaction that occurred on Monday, June 30th. The stock was sold at an average price of $247.00, for a total transaction of $4,940,000.00. Following the completion of the transaction, the chief financial officer directly owned 245,530 shares of the company's stock, valued at $60,645,910. This represents a 7.53% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Andy Fang sold 30,000 shares of the company's stock in a transaction that occurred on Thursday, June 5th. The stock was sold at an average price of $217.52, for a total value of $6,525,600.00. Following the transaction, the director directly owned 22,545 shares of the company's stock, valued at approximately $4,903,988.40. The trade was a 57.09% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 441,773 shares of company stock worth $98,711,043. 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.