DoorDash, Inc. (NASDAQ:DASH) Shares Purchased by Robeco Institutional Asset Management B.V.

Robeco Institutional Asset Management B.V. boosted its holdings in shares of DoorDash, Inc. (NASDAQ:DASH - Free Report) by 1.5% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 575,999 shares of the company's stock after purchasing an additional 8,769 shares during the quarter. Robeco Institutional Asset Management B.V. owned approximately 0.14% of DoorDash worth $105,275,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of DASH. Norges Bank purchased a new position in DoorDash during the fourth quarter worth approximately $597,443,000. Capital World Investors boosted its position in DoorDash by 26.4% during the fourth quarter. Capital World Investors now owns 12,153,265 shares of the company's stock worth $2,038,712,000 after purchasing an additional 2,538,160 shares in the last quarter. Arrowstreet Capital Limited Partnership boosted its position in DoorDash by 67.1% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 4,654,891 shares of the company's stock worth $780,858,000 after purchasing an additional 1,869,866 shares in the last quarter. Franklin Resources Inc. boosted its position in DoorDash by 25.0% during the fourth quarter. Franklin Resources Inc. now owns 4,749,810 shares of the company's stock worth $796,781,000 after purchasing an additional 949,414 shares in the last quarter. Finally, Raymond James Financial Inc. purchased a new position in DoorDash during the fourth quarter worth approximately $146,094,000. Hedge funds and other institutional investors own 90.64% of the company's stock.

Insider Buying and Selling at DoorDash

In other DoorDash news, Director Shona L. Brown sold 1,248 shares of the stock in a transaction dated Tuesday, June 24th. The stock was sold at an average price of $231.70, for a total value of $289,161.60. Following the sale, the director now owns 45,213 shares of the company's stock, valued at $10,475,852.10. This trade represents a 2.69% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Tony Xu sold 44,244 shares of the business's stock in a transaction dated Monday, June 16th. The stock was sold at an average price of $220.71, for a total value of $9,765,093.24. Following the transaction, the chief executive officer now directly owns 520,450 shares of the company's stock, valued at approximately $114,868,519.50. This represents a 7.84% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 313,552 shares of company stock valued at $63,965,566 in the last three months. 5.83% of the stock is owned by corporate insiders.

DoorDash Trading Up 1.1%

DoorDash stock traded up $2.68 during mid-day trading on Friday, hitting $242.32. The company's stock had a trading volume of 7,323,728 shares, compared to its average volume of 4,213,649. The firm has a market capitalization of $102.68 billion, a PE ratio of 314.71 and a beta of 1.67. DoorDash, Inc. has a 1 year low of $99.32 and a 1 year high of $242.63. The stock's fifty day moving average is $206.04 and its two-hundred day moving average is $191.54.

DoorDash (NASDAQ:DASH - Get Free Report) last issued its quarterly earnings data 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. DoorDash had a return on equity of 4.39% and a net margin of 3.02%. The company had revenue of $3.03 billion during the quarter, compared to analyst estimates of $3.10 billion. During the same period in the prior year, the business posted ($0.06) earnings per share. The firm's revenue for the quarter was up 20.7% compared to the same quarter last year. On average, equities analysts expect that DoorDash, Inc. will post 2.22 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages have issued reports on DASH. FBN Securities began coverage on DoorDash in a research report on Friday, March 28th. They set an "outperform" rating and a $230.00 price target on the stock. Needham & Company LLC increased their price target on DoorDash from $225.00 to $230.00 and gave the stock a "buy" rating in a research report on Wednesday, May 7th. Citigroup reissued an "outperform" rating on shares of DoorDash in a report on Thursday, June 12th. UBS Group reduced their target price on DoorDash from $197.00 to $196.00 and set a "neutral" rating for the company in a report on Wednesday, May 7th. Finally, Wedbush reissued an "outperform" rating on shares of DoorDash in a report on Wednesday, May 7th. Eleven analysts have rated the stock with a hold rating, twenty-four have issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, DoorDash presently has a consensus rating of "Moderate Buy" and an average price target of $214.76.

DoorDash 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.