GF Fund Management CO. LTD. Acquires 4,050 Shares of DoorDash, Inc. (NASDAQ:DASH)

GF Fund Management CO. LTD. raised its position in shares of DoorDash, Inc. (NASDAQ:DASH - Free Report) by 5.5% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 77,771 shares of the company's stock after buying an additional 4,050 shares during the period. GF Fund Management CO. LTD.'s holdings in DoorDash were worth $14,214,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of DASH. OneDigital Investment Advisors LLC bought a new position in DoorDash in the first quarter valued at approximately $361,000. Principal Financial Group Inc. boosted its position in shares of DoorDash by 383.0% during the first quarter. Principal Financial Group Inc. now owns 451,007 shares of the company's stock worth $82,431,000 after purchasing an additional 357,625 shares in the last quarter. Mutual Advisors LLC bought a new stake in DoorDash in the 1st quarter valued at $411,000. Oregon Public Employees Retirement Fund bought a new stake in DoorDash in the 1st quarter valued at $5,319,000. Finally, Teacher Retirement System of Texas lifted its position in DoorDash by 47.2% in the 1st quarter. Teacher Retirement System of Texas now owns 67,555 shares of the company's stock valued at $12,347,000 after acquiring an additional 21,663 shares in 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 research reports. Stifel Nicolaus set a $198.00 price objective on shares of DoorDash and gave the company a "hold" rating in a research report on Tuesday, June 10th. Wall Street Zen upgraded shares of DoorDash from a "hold" rating to a "buy" rating in a research note on Saturday, June 7th. DA Davidson lifted their price target on shares of DoorDash from $150.00 to $190.00 and gave the company a "neutral" rating in a research note on Tuesday, May 6th. Oppenheimer lifted their price target on shares of DoorDash from $220.00 to $280.00 and gave the company an "outperform" rating in a research note on Monday, June 30th. Finally, UBS Group lowered their price target on shares of DoorDash from $197.00 to $196.00 and set a "neutral" rating on the stock in a research note on Wednesday, May 7th. Ten research analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $220.53.

Insider Activity at DoorDash

In related news, CEO Tony Xu sold 34,167 shares of the stock in a transaction on Tuesday, July 1st. The shares were sold at an average price of $240.66, for a total transaction of $8,222,630.22. Following the transaction, the chief executive officer directly owned 520,450 shares of the company's stock, valued at $125,251,497. This represents a 6.16% 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 the SEC website. Also, Director Andy Fang sold 30,000 shares of the stock in a transaction on Tuesday, July 1st. The stock was sold at an average price of $240.66, for a total transaction of $7,219,800.00. Following the transaction, the director directly owned 22,545 shares in the company, valued at approximately $5,425,679.70. This represents a 57.09% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 427,781 shares of company stock valued at $94,277,848 over the last 90 days. 5.83% of the stock is owned by company insiders.

DoorDash Stock Up 3.4%

NASDAQ DASH traded up $8.10 on Monday, hitting $246.89. The company's stock had a trading volume of 5,708,387 shares, compared to its average volume of 4,249,592. DoorDash, Inc. has a 1-year low of $99.32 and a 1-year high of $248.74. The company's 50-day moving average is $213.14 and its 200 day moving average is $194.42. The firm has a market cap of $104.62 billion, a PE ratio of 320.64 and a beta of 1.70.

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 the consensus estimate of $0.39 by $0.05. DoorDash had a net margin of 3.02% and a return on equity of 4.39%. The company had revenue of $3.03 billion during the quarter, compared to analysts' expectations of $3.10 billion. During the same period in the prior year, the company posted ($0.06) earnings per share. DoorDash's revenue for the quarter was up 20.7% compared to the same quarter last year. On average, equities analysts expect that DoorDash, Inc. will post 2.22 EPS for the current year.

DoorDash Company 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.