DoorDash, Inc. (NASDAQ:DASH) Stock Holdings Increased by IFM Investors Pty Ltd

IFM Investors Pty Ltd raised its position in DoorDash, Inc. (NASDAQ:DASH - Free Report) by 7.7% during the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 60,795 shares of the company's stock after purchasing an additional 4,341 shares during the period. IFM Investors Pty Ltd's holdings in DoorDash were worth $11,112,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of DASH. Norges Bank acquired a new stake in DoorDash in the fourth quarter valued at $597,443,000. Capital World Investors grew its holdings in DoorDash by 26.4% in the fourth quarter. Capital World Investors now owns 12,153,265 shares of the company's stock valued at $2,038,712,000 after purchasing an additional 2,538,160 shares during the last quarter. Arrowstreet Capital Limited Partnership grew its holdings 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 purchasing an additional 1,869,866 shares during the last quarter. Franklin Resources Inc. lifted its position in shares of 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 in the last quarter. Finally, Raymond James Financial Inc. purchased a new stake in shares of DoorDash in the fourth quarter valued at $146,094,000. Institutional investors and hedge funds own 90.64% of the company's stock.

DoorDash Price Performance

Shares of NASDAQ DASH traded down $0.05 during mid-day trading on Friday, hitting $238.76. The company had a trading volume of 1,699,692 shares, compared to its average volume of 4,243,732. The stock has a market cap of $101.17 billion, a price-to-earnings ratio of 310.08 and a beta of 1.70. DoorDash, Inc. has a 12 month low of $99.32 and a 12 month high of $248.74. The firm's 50 day simple moving average is $211.96 and its two-hundred day simple moving average is $193.89.

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, topping the consensus estimate of $0.39 by $0.05. The business had revenue of $3.03 billion for the quarter, compared to the consensus estimate of $3.10 billion. DoorDash had a return on equity of 4.39% and a net margin of 3.02%. The business's revenue was up 20.7% on a year-over-year basis. During the same quarter last year, the business posted ($0.06) EPS. Equities analysts forecast that DoorDash, Inc. will post 2.22 earnings per share for the current year.

Wall Street Analyst Weigh In

DASH has been the topic of several recent research reports. Roth Capital set a $191.00 price objective on DoorDash and gave the company a "neutral" rating in a research report on Wednesday, May 7th. Cantor Fitzgerald restated an "overweight" rating and issued a $260.00 price objective (up from $210.00) on shares of DoorDash in a research report on Wednesday, June 25th. KeyCorp reduced their price objective on DoorDash from $240.00 to $230.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 15th. Raymond James Financial upgraded DoorDash from an "outperform" rating to a "strong-buy" rating and upped their price objective for the company from $215.00 to $260.00 in a research report on Monday, June 23rd. Finally, Bank of America upped their price objective on DoorDash from $230.00 to $245.00 and gave the company a "buy" rating in a research report on Thursday, June 12th. Ten equities research analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, DoorDash currently has an average rating of "Moderate Buy" and a consensus price target of $219.32.

Insider Activity

In other DoorDash news, Director Stanley Tang sold 45,410 shares of DoorDash stock in a transaction on Tuesday, July 1st. The stock was sold at an average price of $240.69, for a total transaction of $10,929,732.90. Following the sale, the director owned 26,070 shares of the company's stock, valued at $6,274,788.30. The trade was a 63.53% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Ravi Inukonda sold 20,000 shares of DoorDash stock in a transaction on Monday, June 30th. The shares were sold at an average price of $247.00, for a total value of $4,940,000.00. Following the sale, the chief financial officer directly owned 245,530 shares in the company, valued at $60,645,910. The trade was a 7.53% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 427,781 shares of company stock worth $94,277,848 over the last ninety days. 5.83% of the stock is currently owned by company insiders.

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.