DoorDash, Inc. (NASDAQ:DASH) Holdings Reduced by University of Texas Texas AM Investment Management Co.

University of Texas Texas AM Investment Management Co. lessened its holdings in DoorDash, Inc. (NASDAQ:DASH - Free Report) by 19.7% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 28,592 shares of the company's stock after selling 6,997 shares during the quarter. DoorDash accounts for approximately 0.6% of University of Texas Texas AM Investment Management Co.'s investment portfolio, making the stock its 25th biggest position. University of Texas Texas AM Investment Management Co.'s holdings in DoorDash were worth $4,796,000 at the end of the most recent quarter.

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

DoorDash Stock Performance

Shares of DASH stock traded up $5.28 during mid-day trading on Friday, hitting $206.15. 4,365,564 shares of the stock were exchanged, compared to its average volume of 4,192,076. The stock's fifty day simple moving average is $187.93 and its two-hundred day simple moving average is $183.95. The stock has a market capitalization of $87.35 billion, a price-to-earnings ratio of 763.52 and a beta of 1.68. DoorDash, Inc. has a 12-month low of $99.32 and a 12-month high of $215.25.

DoorDash (NASDAQ:DASH - Get Free Report) last issued 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 company had revenue of $3.03 billion for the quarter, compared to analyst estimates of $3.10 billion. DoorDash had a return on equity of 1.67% and a net margin of 1.15%. The business's quarterly revenue was up 20.7% compared to the same quarter last year. During the same quarter last year, the company posted ($0.06) earnings per share. On average, research analysts expect that DoorDash, Inc. will post 2.22 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several analysts have commented on DASH shares. UBS Group lowered their price objective on shares of DoorDash from $197.00 to $196.00 and set a "neutral" rating for the company in a report on Wednesday, May 7th. Barclays increased their target price on DoorDash from $163.00 to $200.00 and gave the company an "equal weight" rating in a report on Thursday, February 13th. Piper Sandler reaffirmed a "neutral" rating and issued a $210.00 price objective (up previously from $160.00) on shares of DoorDash in a research note on Wednesday, February 12th. Wedbush reiterated an "outperform" rating on shares of DoorDash in a research report on Wednesday, May 7th. Finally, Truist Financial raised their price target on DoorDash from $217.00 to $235.00 and gave the company a "buy" rating in a report on Wednesday, February 12th. Ten analysts have rated the stock with a hold rating and twenty-five have issued a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $209.97.

Insiders Place Their Bets

In other news, COO Prabir Adarkar sold 20,000 shares of DoorDash stock in a transaction that occurred on Friday, March 28th. The shares were sold at an average price of $185.58, for a total transaction of $3,711,600.00. Following the completion of the sale, the chief operating officer now directly owns 887,348 shares in the company, valued at approximately $164,674,041.84. This trade represents a 2.20% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Ravi Inukonda sold 14,715 shares of DoorDash stock in a transaction that occurred on Monday, March 24th. The stock was sold at an average price of $196.52, for a total value of $2,891,791.80. Following the transaction, the chief financial officer now owns 338,055 shares of the company's stock, valued at $66,434,568.60. This represents a 4.17% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 101,612 shares of company stock valued at $18,808,326. 5.83% of the stock is currently owned by insiders.

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.