Korea Investment CORP trimmed its stake in shares of DoorDash, Inc. (NASDAQ:DASH - Free Report) by 15.6% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 233,805 shares of the company's stock after selling 43,165 shares during the quarter. Korea Investment CORP owned approximately 0.05% of DoorDash worth $63,593,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Resonant Capital Advisors LLC increased its position in DoorDash by 3.5% during the 3rd quarter. Resonant Capital Advisors LLC now owns 1,229 shares of the company's stock valued at $334,000 after purchasing an additional 42 shares during the period. Premier Path Wealth Partners LLC lifted its position in shares of DoorDash by 1.9% in the 3rd quarter. Premier Path Wealth Partners LLC now owns 2,414 shares of the company's stock worth $657,000 after purchasing an additional 45 shares during the period. Advisory Resource Group lifted its position in shares of DoorDash by 0.8% in the 2nd quarter. Advisory Resource Group now owns 5,774 shares of the company's stock worth $1,423,000 after purchasing an additional 48 shares during the period. Quotient Wealth Partners LLC boosted its position in DoorDash by 3.2% during the third quarter. Quotient Wealth Partners LLC now owns 1,537 shares of the company's stock valued at $418,000 after acquiring an additional 48 shares during the last quarter. Finally, Hobart Private Capital LLC raised its position in shares of DoorDash by 2.4% in the 3rd quarter. Hobart Private Capital LLC now owns 2,164 shares of the company's stock worth $589,000 after acquiring an additional 50 shares in the last quarter. 90.64% of the stock is owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
Several research firms recently commented on DASH. Wedbush raised their target price on DoorDash from $260.00 to $270.00 and gave the stock an "outperform" rating in a research note on Friday, December 19th. Guggenheim dropped their price target on DoorDash from $275.00 to $255.00 and set a "buy" rating on the stock in a research note on Thursday, February 19th. Wells Fargo & Company cut their price target on DoorDash from $251.00 to $221.00 and set an "equal weight" rating on the stock in a report on Thursday, February 19th. Oppenheimer reduced their price objective on shares of DoorDash from $280.00 to $235.00 and set an "outperform" rating for the company in a research report on Thursday, February 19th. Finally, Roth Mkm reiterated a "neutral" rating and issued a $200.00 price objective on shares of DoorDash in a research note on Thursday, February 19th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating and nine have given a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $262.82.
Get Our Latest Analysis on DASH
Insider Buying and Selling
In related news, Director Andy Fang sold 30,000 shares of the stock in a transaction that occurred on Friday, January 2nd. The stock was sold at an average price of $222.52, for a total transaction of $6,675,600.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO Prabir Adarkar sold 30,000 shares of DoorDash stock in a transaction on Monday, December 22nd. The stock was sold at an average price of $234.57, for a total value of $7,037,100.00. Following the sale, the chief operating officer owned 874,130 shares in the company, valued at $205,044,674.10. This trade represents a 3.32% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 220,826 shares of company stock valued at $48,944,946 over the last quarter. Corporate insiders own 5.83% of the company's stock.
DoorDash Stock Down 2.3%
DASH opened at $179.17 on Monday. DoorDash, Inc. has a fifty-two week low of $155.40 and a fifty-two week high of $285.50. The firm has a market capitalization of $77.84 billion, a P/E ratio of 84.51 and a beta of 1.82. The company's 50-day moving average is $196.55 and its 200 day moving average is $225.32. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.41 and a quick ratio of 1.41.
DoorDash (NASDAQ:DASH - Get Free Report) last issued its quarterly earnings data on Wednesday, February 18th. The company reported $0.48 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.58 by ($0.10). DoorDash had a return on equity of 10.15% and a net margin of 6.82%.The firm had revenue of $3.96 billion during the quarter, compared to the consensus estimate of $3.98 billion. During the same period in the previous year, the company posted $0.33 earnings per share. The company's revenue for the quarter was up 37.7% on a year-over-year basis. Research analysts expect that DoorDash, Inc. will post 2.22 earnings per share for the current fiscal year.
Key Headlines Impacting DoorDash
Here are the key news stories impacting DoorDash this week:
About DoorDash
(
Free Report)
DoorDash, Inc operates a technology-driven logistics and food-delivery marketplace that connects consumers, merchants and independent delivery contractors. The company's core service enables customers to order from local restaurants and retailers through its app and website while DoorDash handles last-mile fulfillment via its network of drivers, known as “Dashers.” Over time the platform has broadened beyond restaurant deliveries to include groceries, convenience items and retail deliveries, positioning DoorDash as a broader on-demand logistics provider for consumer goods.
In addition to its marketplace, DoorDash offers a suite of products and services for consumers and businesses.
See Also
Want to see what other hedge funds are holding DASH? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for DoorDash, Inc. (NASDAQ:DASH - Free Report).

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