Rhumbline Advisers Boosts Stake in DoorDash, Inc. (NASDAQ:DASH)

Rhumbline Advisers increased its stake in DoorDash, Inc. (NASDAQ:DASH - Free Report) by 46.6% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 753,255 shares of the company's stock after purchasing an additional 239,607 shares during the period. Rhumbline Advisers owned approximately 0.18% of DoorDash worth $137,672,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Brighton Jones LLC increased its holdings in shares of DoorDash by 24.0% in the fourth quarter. Brighton Jones LLC now owns 9,336 shares of the company's stock worth $1,566,000 after buying an additional 1,807 shares during the period. Caprock Group LLC increased its holdings in shares of DoorDash by 21.4% in the fourth quarter. Caprock Group LLC now owns 4,140 shares of the company's stock worth $694,000 after buying an additional 731 shares during the period. Chicago Partners Investment Group LLC increased its holdings in shares of DoorDash by 18.7% in the fourth quarter. Chicago Partners Investment Group LLC now owns 1,965 shares of the company's stock worth $341,000 after buying an additional 309 shares during the period. Tokio Marine Asset Management Co. Ltd. increased its stake in DoorDash by 7.0% in the 4th quarter. Tokio Marine Asset Management Co. Ltd. now owns 10,222 shares of the company's stock worth $1,715,000 after purchasing an additional 671 shares during the period. Finally, Spire Wealth Management increased its stake in DoorDash by 67.2% in the 4th quarter. Spire Wealth Management now owns 637 shares of the company's stock worth $107,000 after purchasing an additional 256 shares during the period. Hedge funds and other institutional investors own 90.64% of the company's stock.

DoorDash Trading Down 2.0%

Shares of NASDAQ:DASH traded down $4.39 on Thursday, reaching $215.84. The company had a trading volume of 3,646,075 shares, compared to its average volume of 4,212,392. The firm's 50 day simple moving average is $191.24 and its 200-day simple moving average is $186.08. DoorDash, Inc. has a 52-week low of $99.32 and a 52-week high of $220.64. The firm has a market capitalization of $91.46 billion, a PE ratio of 799.41 and a beta of 1.67.

DoorDash (NASDAQ:DASH - Get Free Report) last announced its earnings results 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. The firm 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 1.67% and a net margin of 1.15%. The firm's revenue for the quarter was up 20.7% on a year-over-year basis. During the same period in the previous year, the business earned ($0.06) EPS. As a group, equities research analysts predict that DoorDash, Inc. will post 2.22 earnings per share for the current year.

Analyst Ratings Changes

A number of equities analysts have issued reports on DASH shares. Wells Fargo & Company decreased their price objective on shares of DoorDash from $201.00 to $198.00 and set an "equal weight" rating on the stock in a research report on Wednesday, May 7th. Roth Capital set a $191.00 price target on DoorDash and gave the stock a "neutral" rating in a research note on Wednesday, May 7th. DA Davidson increased their price objective on DoorDash from $150.00 to $190.00 and gave the company a "neutral" rating in a research report on Tuesday, May 6th. Loop Capital raised their target price on DoorDash from $200.00 to $235.00 and gave the stock a "buy" rating in a research report on Monday, February 24th. Finally, Cantor Fitzgerald reaffirmed an "overweight" rating and set a $210.00 price objective on shares of DoorDash in a research report on Wednesday, May 7th. Eleven research analysts have rated the stock with a hold rating and twenty-four have issued a buy rating to the company. Based on data from MarketBeat.com, DoorDash currently has a consensus rating of "Moderate Buy" and an average target price of $209.97.

Insider Buying and Selling

In related news, insider Keith Yandell sold 5,410 shares of the firm's stock in a transaction dated Friday, May 23rd. The shares were sold at an average price of $204.53, for a total value of $1,106,507.30. Following the transaction, the insider now directly owns 104,922 shares of the company's stock, valued at approximately $21,459,696.66. This trade represents a 4.90% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Stanley Tang sold 45,231 shares of the firm's stock in a transaction that occurred on Monday, June 2nd. The shares were sold at an average price of $211.36, for a total value of $9,560,024.16. Following the completion of the transaction, the director now owns 26,070 shares in the company, valued at approximately $5,510,155.20. This trade represents a 63.44% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 268,030 shares of company stock valued at $52,907,806. Corporate insiders own 5.83% of the company's stock.

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.