Woodline Partners LP Purchases 161,701 Shares of DoorDash, Inc. (NASDAQ:DASH)

Woodline Partners LP raised its holdings in DoorDash, Inc. (NASDAQ:DASH - Free Report) by 217.7% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 235,967 shares of the company's stock after purchasing an additional 161,701 shares during the quarter. Woodline Partners LP owned approximately 0.06% of DoorDash worth $39,583,000 as of its most recent SEC filing.

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

DoorDash Stock Performance

DASH traded up $5.28 during trading on Friday, reaching $206.15. 4,365,564 shares of the stock were exchanged, compared to its average volume of 4,186,703. The stock has a market cap of $87.35 billion, a P/E ratio of 763.52 and a beta of 1.68. The stock's 50 day moving average price is $187.93 and its two-hundred day moving average price is $183.76. DoorDash, Inc. has a twelve month low of $99.32 and a twelve month high of $215.25.

DoorDash (NASDAQ:DASH - Get Free Report) last announced its quarterly earnings results on Tuesday, May 6th. The company reported $0.44 earnings per share for the quarter, topping analysts' consensus estimates of $0.39 by $0.05. DoorDash had a return on equity of 1.67% and a net margin of 1.15%. The firm had revenue of $3.03 billion for the quarter, compared to the consensus estimate of $3.10 billion. During the same quarter in the previous year, the business earned ($0.06) earnings per share. The business's revenue was up 20.7% compared to the same quarter last year. Equities research analysts predict that DoorDash, Inc. will post 2.22 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on DASH shares. Wedbush reiterated an "outperform" rating on shares of DoorDash in a report on Wednesday, May 7th. JMP Securities restated a "market outperform" rating and set a $225.00 target price on shares of DoorDash in a research report on Monday, April 28th. BMO Capital Markets reiterated an "outperform" rating on shares of DoorDash in a research report on Tuesday, April 29th. KeyCorp reduced their price objective 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. Finally, Barclays upped their target price on shares of DoorDash from $163.00 to $200.00 and gave the company an "equal weight" rating in a research note on Thursday, February 13th. Ten analysts have rated the stock with a hold rating and twenty-five have given a buy rating to the company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $209.97.

Insider Buying and Selling

In other news, Director Stanley Tang sold 45,410 shares of the firm's stock in a transaction dated Tuesday, April 1st. The shares were sold at an average price of $181.21, for a total transaction of $8,228,746.10. Following the completion of the sale, the director now owns 18,285 shares in the company, valued at approximately $3,313,424.85. This trade represents a 71.29% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Ravi Inukonda sold 14,715 shares of DoorDash stock in a transaction dated Monday, March 24th. The stock was sold at an average price of $196.52, for a total transaction of $2,891,791.80. Following the sale, the chief financial officer now directly owns 338,055 shares of the company's stock, valued at $66,434,568.60. The trade was a 4.17% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 101,612 shares of company stock valued at $18,808,326. 5.83% of the stock is 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.