DoorDash, Inc. (NASDAQ:DASH) Shares Acquired by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in shares of DoorDash, Inc. (NASDAQ:DASH - Free Report) by 46.7% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 2,515,861 shares of the company's stock after purchasing an additional 800,322 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.61% of DoorDash worth $422,036,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of DASH. Merit Financial Group LLC purchased a new stake in DoorDash during the 4th quarter worth approximately $503,000. Aaron Wealth Advisors LLC boosted its holdings in shares of DoorDash by 15.3% in the 4th quarter. Aaron Wealth Advisors LLC now owns 2,425 shares of the company's stock valued at $407,000 after acquiring an additional 322 shares during the last quarter. LVW Advisors LLC purchased a new stake in shares of DoorDash in the 4th quarter valued at $236,000. MassMutual Private Wealth & Trust FSB boosted its holdings in shares of DoorDash by 34.0% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 272 shares of the company's stock valued at $46,000 after acquiring an additional 69 shares during the last quarter. Finally, Ballentine Partners LLC boosted its holdings in shares of DoorDash by 3.9% in the 4th quarter. Ballentine Partners LLC now owns 2,962 shares of the company's stock valued at $497,000 after acquiring an additional 112 shares during the last quarter. Hedge funds and other institutional investors own 90.64% of the company's stock.

Analyst Ratings Changes

Several analysts have recently commented on the stock. Roth Mkm upped their price objective on shares of DoorDash from $165.00 to $193.00 and gave the company a "neutral" rating in a report on Wednesday, February 12th. The Goldman Sachs Group upped their price objective on shares of DoorDash from $192.00 to $212.00 and gave the company a "neutral" rating in a report on Wednesday, February 12th. FBN Securities assumed coverage on shares of DoorDash in a report on Friday, March 28th. They issued an "outperform" rating and a $230.00 price objective on the stock. KeyCorp dropped their price objective on shares of DoorDash from $240.00 to $230.00 and set an "overweight" rating on the stock in a report on Tuesday, April 15th. Finally, Piper Sandler reaffirmed a "neutral" rating and issued a $210.00 price objective (up from $160.00) on shares of DoorDash in a report on Wednesday, February 12th. Ten analysts have rated the stock with a hold rating and twenty-five have given a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $209.97.

DoorDash Trading Up 2.6%

NASDAQ:DASH traded up $5.28 during trading hours on Friday, reaching $206.15. 4,365,564 shares of the company were exchanged, compared to its average volume of 4,186,703. The stock's 50-day moving average is $187.93 and its 200-day moving average is $183.76. The firm has a market cap of $87.35 billion, a PE ratio of 763.52 and a beta of 1.68. DoorDash, Inc. has a twelve month low of $99.32 and a twelve month high of $215.25.

DoorDash (NASDAQ:DASH - Get Free Report) last posted its quarterly earnings data on Tuesday, May 6th. The company reported $0.44 earnings per share for the quarter, topping analysts' consensus estimates of $0.39 by $0.05. The company had revenue of $3.03 billion during the quarter, compared to analysts' expectations of $3.10 billion. DoorDash had a net margin of 1.15% and a return on equity of 1.67%. The firm's revenue for the quarter was up 20.7% on a year-over-year basis. During the same period in the prior year, the business posted ($0.06) earnings per share. As a group, research analysts anticipate that DoorDash, Inc. will post 2.22 EPS for the current year.

Insiders Place Their Bets

In other news, Director Stanley Tang sold 45,410 shares of the stock in a transaction dated Tuesday, April 1st. The shares were sold at an average price of $181.21, for a total value of $8,228,746.10. Following the completion of the sale, the director now directly owns 18,285 shares in the company, valued at $3,313,424.85. This represents a 71.29% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, COO Prabir Adarkar sold 20,000 shares of the stock in a transaction dated Friday, March 28th. The shares were sold at an average price of $185.58, for a total transaction of $3,711,600.00. Following the completion of the sale, the chief operating officer now owns 887,348 shares of the company's stock, valued at $164,674,041.84. This trade represents a 2.20% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 101,612 shares of company stock worth $18,808,326. Company insiders own 5.83% of the company's stock.

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.