World Investment Advisors Invests $1.13 Million in DoorDash, Inc. (NASDAQ:DASH)

World Investment Advisors acquired a new stake in shares of DoorDash, Inc. (NASDAQ:DASH - Free Report) in the first quarter, according to the company in its most recent filing with the SEC. The firm acquired 6,154 shares of the company's stock, valued at approximately $1,125,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Impax Asset Management Group plc bought a new stake in DoorDash during the 1st quarter valued at about $1,625,000. Harel Insurance Investments & Financial Services Ltd. raised its holdings in shares of DoorDash by 488.0% in the 1st quarter. Harel Insurance Investments & Financial Services Ltd. now owns 2,411 shares of the company's stock valued at $441,000 after purchasing an additional 2,001 shares in the last quarter. IFM Investors Pty Ltd raised its holdings in shares of DoorDash by 7.7% in the 1st quarter. IFM Investors Pty Ltd now owns 60,795 shares of the company's stock valued at $11,112,000 after purchasing an additional 4,341 shares in the last quarter. GF Fund Management CO. LTD. raised its holdings in shares of DoorDash by 5.5% in the 1st quarter. GF Fund Management CO. LTD. now owns 77,771 shares of the company's stock valued at $14,214,000 after purchasing an additional 4,050 shares in the last quarter. Finally, OneDigital Investment Advisors LLC bought a new stake in shares of DoorDash in the 1st quarter valued at about $361,000. Institutional investors own 90.64% of the company's stock.

Insider Activity at DoorDash

In other DoorDash news, Director Stanley Tang sold 45,410 shares of the company's stock in a transaction on Tuesday, July 1st. The shares were sold at an average price of $240.69, for a total transaction of $10,929,732.90. Following the completion of the transaction, the director directly owned 26,070 shares in the company, valued at approximately $6,274,788.30. This represents a 63.53% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Andy Fang sold 30,000 shares of the company's stock in a transaction on Thursday, June 5th. The stock was sold at an average price of $217.52, for a total transaction of $6,525,600.00. Following the sale, the director directly owned 22,545 shares of the company's stock, valued at $4,903,988.40. The trade was a 57.09% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 429,031 shares of company stock valued at $94,584,086 in the last three months. Company insiders own 5.83% of the company's stock.

Wall Street Analyst Weigh In

DASH has been the subject of several recent research reports. BMO Capital Markets restated an "outperform" rating on shares of DoorDash in a report on Tuesday, April 29th. DA Davidson lifted their price objective on shares of DoorDash from $150.00 to $190.00 and gave the stock a "neutral" rating in a research report on Tuesday, May 6th. Roth Capital set a $191.00 target price on shares of DoorDash and gave the stock a "neutral" rating in a research report on Wednesday, May 7th. Wall Street Zen raised shares of DoorDash from a "hold" rating to a "buy" rating in a research report on Saturday, June 7th. Finally, Needham & Company LLC boosted their target price on shares of DoorDash from $225.00 to $230.00 and gave the stock a "buy" rating in a research report on Wednesday, May 7th. Ten investment analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, DoorDash presently has a consensus rating of "Moderate Buy" and an average target price of $220.53.

DoorDash Trading Up 0.9%

NASDAQ:DASH traded up $2.20 during trading hours on Friday, reaching $240.44. 2,842,802 shares of the company were exchanged, compared to its average volume of 4,234,660. The stock's 50-day moving average is $216.76 and its 200-day moving average is $196.04. The firm has a market cap of $101.88 billion, a PE ratio of 312.26 and a beta of 1.70. DoorDash, Inc. has a twelve month low of $99.32 and a twelve month high of $248.74.

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, topping analysts' consensus estimates of $0.39 by $0.05. The company had revenue of $3.03 billion during the quarter, compared to analysts' expectations of $3.10 billion. DoorDash had a net margin of 3.02% and a return on equity of 4.39%. The firm's revenue for the quarter was up 20.7% on a year-over-year basis. During the same period in the prior year, the business posted ($0.06) earnings per share. As a group, research analysts anticipate that DoorDash, Inc. will post 2.22 EPS for the current year.

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.