Los Angeles Capital Management LLC Decreases Stock Holdings in DoorDash, Inc. (NASDAQ:DASH)

Los Angeles Capital Management LLC lowered its stake in DoorDash, Inc. (NASDAQ:DASH - Free Report) by 38.4% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 311,554 shares of the company's stock after selling 193,998 shares during the quarter. Los Angeles Capital Management LLC owned about 0.07% of DoorDash worth $56,943,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Brighton Jones LLC raised its stake in shares of DoorDash by 24.0% in the fourth quarter. Brighton Jones LLC now owns 9,336 shares of the company's stock valued at $1,566,000 after purchasing an additional 1,807 shares in the last quarter. Flagship Harbor Advisors LLC increased its position in DoorDash by 14.4% in the first quarter. Flagship Harbor Advisors LLC now owns 1,636 shares of the company's stock worth $299,000 after purchasing an additional 206 shares during the period. GAMMA Investing LLC grew its position in shares of DoorDash by 70.4% during the 1st quarter. GAMMA Investing LLC now owns 1,922 shares of the company's stock worth $351,000 after buying an additional 794 shares during the period. Commonwealth Equity Services LLC lifted its holdings in shares of DoorDash by 43.0% during the 4th quarter. Commonwealth Equity Services LLC now owns 10,026 shares of the company's stock valued at $1,682,000 after purchasing an additional 3,013 shares in the last quarter. Finally, Park Avenue Securities LLC lifted its stake in DoorDash by 9.3% in the 1st quarter. Park Avenue Securities LLC now owns 10,017 shares of the company's stock valued at $1,831,000 after acquiring an additional 850 shares in the last quarter. Institutional investors and hedge funds own 90.64% of the company's stock.

DoorDash Stock Performance

Shares of NASDAQ:DASH traded up $4.15 during trading hours on Friday, hitting $239.17. The stock had a trading volume of 3,407,442 shares, compared to its average volume of 4,201,299. The stock's fifty day simple moving average is $221.73 and its 200 day simple moving average is $198.59. DoorDash, Inc. has a 1-year low of $99.32 and a 1-year high of $248.74. The firm has a market capitalization of $101.35 billion, a price-to-earnings ratio of 310.61 and a beta of 1.70.

DoorDash (NASDAQ:DASH - Get Free Report) last announced its quarterly earnings data 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 during the quarter, compared to analyst estimates of $3.10 billion. DoorDash had a return on equity of 4.39% and a net margin of 3.02%. DoorDash's quarterly revenue was up 20.7% compared to the same quarter last year. During the same period last year, the company earned ($0.06) earnings per share. As a group, research analysts anticipate that DoorDash, Inc. will post 2.22 EPS for the current year.

Insider Buying and Selling at DoorDash

In other DoorDash news, CEO Tony Xu sold 34,167 shares of the stock in a transaction dated Tuesday, July 15th. The stock was sold at an average price of $236.80, for a total transaction of $8,090,745.60. Following the completion of the transaction, the chief executive officer owned 520,450 shares in the company, valued at approximately $123,242,560. This represents a 6.16% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Stanley Tang sold 45,410 shares of DoorDash stock in a transaction dated Tuesday, July 1st. The stock was sold at an average price of $240.69, for a total value of $10,929,732.90. Following the transaction, 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 disclosure for this sale can be found here. Insiders sold 463,198 shares of company stock worth $102,674,831 over the last 90 days. Company insiders own 5.83% of the company's stock.

Analyst Ratings Changes

A number of analysts have recently weighed in on the company. BTIG Research upped their target price on DoorDash from $225.00 to $265.00 and gave the company a "buy" rating in a research report on Tuesday, July 1st. Citigroup reiterated an "outperform" rating on shares of DoorDash in a report on Thursday, June 12th. Needham & Company LLC lifted their price target on DoorDash from $225.00 to $230.00 and gave the stock a "buy" rating in a report on Wednesday, May 7th. Stifel Nicolaus set a $198.00 target price on DoorDash and gave the stock a "hold" rating in a research report on Tuesday, June 10th. Finally, KeyCorp boosted their target price on DoorDash from $235.00 to $295.00 and gave the stock an "overweight" rating in a research report on Monday, July 14th. Twelve equities research analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, DoorDash has a consensus rating of "Moderate Buy" and an average price target of $226.97.

About DoorDash

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.