DoorDash, Inc. (NASDAQ:DASH) Shares Bought by Praxis Investment Management Inc.

Praxis Investment Management Inc. boosted its position in shares of DoorDash, Inc. (NASDAQ:DASH - Free Report) by 24.8% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 10,120 shares of the company's stock after acquiring an additional 2,010 shares during the period. Praxis Investment Management Inc.'s holdings in DoorDash were worth $1,850,000 as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in DASH. Vanguard Group Inc. grew its position in DoorDash by 1.0% during the fourth quarter. Vanguard Group Inc. now owns 31,323,404 shares of the company's stock valued at $5,254,501,000 after buying an additional 317,502 shares during the period. Capital World Investors lifted its stake in shares of DoorDash by 26.4% in the fourth quarter. Capital World Investors now owns 12,153,265 shares of the company's stock worth $2,038,712,000 after buying an additional 2,538,160 shares in the last quarter. Franklin Resources Inc. increased its position in shares of DoorDash by 25.0% during 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 during the last quarter. Arrowstreet Capital Limited Partnership grew its holdings in DoorDash by 67.1% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 4,654,891 shares of the company's stock worth $780,858,000 after acquiring an additional 1,869,866 shares in the last quarter. Finally, Geode Capital Management LLC lifted its position in shares of DoorDash by 1.9% during the 4th quarter. Geode Capital Management LLC now owns 4,558,821 shares of the company's stock worth $763,198,000 after buying an additional 86,667 shares during the last quarter. Hedge funds and other institutional investors own 90.64% of the company's stock.

DoorDash Price Performance

Shares of NASDAQ DASH traded down $0.12 on Friday, hitting $220.46. The company's stock had a trading volume of 6,878,903 shares, compared to its average volume of 4,221,786. DoorDash, Inc. has a 12-month low of $99.32 and a 12-month high of $223.81. The company has a market capitalization of $93.42 billion, a price-to-earnings ratio of 286.32 and a beta of 1.67. The stock has a 50 day moving average of $200.53 and a 200-day moving average of $189.43.

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

Analysts Set New Price Targets

DASH has been the topic of several research reports. Wells Fargo & Company cut their price target on shares of DoorDash from $201.00 to $198.00 and set an "equal weight" rating on the stock in a report on Wednesday, May 7th. BMO Capital Markets reiterated an "outperform" rating on shares of DoorDash in a report on Tuesday, April 29th. Loop Capital raised their price target on DoorDash from $200.00 to $235.00 and gave the company a "buy" rating in a report on Monday, February 24th. UBS Group reduced their price target on DoorDash from $197.00 to $196.00 and set a "neutral" rating for the company in a research note on Wednesday, May 7th. Finally, Bank of America upped their target price on DoorDash from $230.00 to $245.00 and gave the company a "buy" rating in a research report on Thursday, June 12th. Eleven research analysts have rated the stock with a hold rating and twenty-five have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $210.21.

Insider Activity at DoorDash

In other DoorDash news, CEO Tony Xu sold 44,244 shares of the stock in a transaction that occurred on Monday, June 16th. The shares were sold at an average price of $220.71, for a total transaction of $9,765,093.24. Following the transaction, the chief executive officer now owns 520,450 shares of the company's stock, valued at $114,868,519.50. This trade represents a 7.84% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Andy Fang sold 30,000 shares of the stock in a transaction that occurred on Thursday, June 5th. The stock was sold at an average price of $217.52, for a total transaction of $6,525,600.00. Following the transaction, the director now directly owns 22,545 shares in the company, valued at approximately $4,903,988.40. This represents a 57.09% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 342,274 shares of company stock valued at $69,198,499. Company insiders own 5.83% of the company's stock.

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.