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

Robeco Institutional Asset Management B.V. lifted its stake in DoorDash, Inc. (NASDAQ:DASH - Free Report) by 1.5% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 575,999 shares of the company's stock after acquiring an additional 8,769 shares during the quarter. Robeco Institutional Asset Management B.V. owned 0.14% of DoorDash worth $105,275,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the stock. GeoWealth Management LLC lifted its holdings in DoorDash by 3.7% during the 4th quarter. GeoWealth Management LLC now owns 1,428 shares of the company's stock worth $240,000 after buying an additional 51 shares in the last quarter. IFP Advisors Inc raised its stake in DoorDash by 31.8% during the 4th quarter. IFP Advisors Inc now owns 224 shares of the company's stock worth $37,000 after acquiring an additional 54 shares in the last quarter. Coldstream Capital Management Inc. raised its stake in DoorDash by 5.5% during the 4th quarter. Coldstream Capital Management Inc. now owns 1,661 shares of the company's stock worth $279,000 after acquiring an additional 86 shares in the last quarter. LVW Advisors LLC raised its stake in DoorDash by 6.1% during the 1st quarter. LVW Advisors LLC now owns 1,495 shares of the company's stock worth $273,000 after acquiring an additional 86 shares in the last quarter. Finally, CVA Family Office LLC raised its stake in DoorDash by 12.7% during the 1st quarter. CVA Family Office LLC now owns 774 shares of the company's stock worth $141,000 after acquiring an additional 87 shares in the last quarter. 90.64% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, insider Keith Yandell sold 5,410 shares of the business's stock in a transaction that occurred on 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 completion of the transaction, the insider now owns 104,922 shares of the company's stock, valued at $21,459,696.66. The trade was a 4.90% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, COO Prabir Adarkar sold 62,267 shares of the business's stock in a transaction that occurred on Friday, May 23rd. The shares were sold at an average price of $202.67, for a total transaction of $12,619,652.89. Following the completion of the transaction, the chief operating officer now directly owns 942,554 shares of the company's stock, valued at approximately $191,027,419.18. This represents a 6.20% decrease in their position. 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 over the last 90 days. Insiders own 5.83% of the company's stock.

DoorDash Stock Up 1.1%

Shares of NASDAQ:DASH traded up $2.68 during trading on Friday, reaching $242.32. The stock had a trading volume of 7,323,728 shares, compared to its average volume of 4,245,842. The business has a fifty day moving average price of $206.04 and a 200-day moving average price of $191.32. The stock has a market cap of $102.68 billion, a P/E ratio of 314.71 and a beta of 1.67. DoorDash, Inc. has a fifty-two week low of $99.32 and a fifty-two week high of $243.22.

DoorDash (NASDAQ:DASH - Get Free Report) last posted its quarterly earnings data on Tuesday, May 6th. The company reported $0.44 earnings per share for the quarter, beating analysts' consensus estimates 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 net margin of 3.02% and a return on equity of 4.39%. The company's revenue was up 20.7% on a year-over-year basis. During the same quarter in the previous year, the business posted ($0.06) earnings per share. As a group, equities analysts forecast that DoorDash, Inc. will post 2.22 EPS for the current year.

Analyst Ratings Changes

Several equities research analysts recently commented on the stock. KeyCorp cut their price target on shares of DoorDash from $240.00 to $230.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 15th. Royal Bank Of Canada reissued an "outperform" rating and set a $230.00 price objective on shares of DoorDash in a research report on Wednesday, May 7th. Citigroup reissued an "outperform" rating on shares of DoorDash in a research report on Thursday, June 12th. Cantor Fitzgerald reissued an "overweight" rating and set a $260.00 price objective (up from $210.00) on shares of DoorDash in a research report on Wednesday. Finally, JPMorgan Chase & Co. lowered their price objective on shares of DoorDash from $205.00 to $175.00 and set a "neutral" rating on the stock in a research report on Tuesday, April 8th. Eleven research analysts have rated the stock with a hold rating, twenty-four have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, DoorDash currently 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.