AlpInvest Partners B.V. Acquires 32,639 Shares of DoorDash, Inc. (NASDAQ:DASH)

AlpInvest Partners B.V. raised its holdings in shares of DoorDash, Inc. (NASDAQ:DASH - Free Report) by 13.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 270,941 shares of the company's stock after buying an additional 32,639 shares during the quarter. DoorDash comprises about 6.1% of AlpInvest Partners B.V.'s holdings, making the stock its 7th largest position. AlpInvest Partners B.V. owned 0.07% of DoorDash worth $26,793,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Morgan Stanley lifted its holdings in shares of DoorDash by 5.0% during the 4th quarter. Morgan Stanley now owns 29,086,197 shares of the company's stock worth $1,419,988,000 after acquiring an additional 1,384,006 shares during the last quarter. Vanguard Group Inc. boosted its holdings in shares of DoorDash by 3.0% in the 3rd quarter. Vanguard Group Inc. now owns 27,043,520 shares of the company's stock worth $2,149,149,000 after purchasing an additional 781,861 shares in the last quarter. BlackRock Inc. increased its position in shares of DoorDash by 4.1% during the 1st quarter. BlackRock Inc. now owns 13,058,004 shares of the company's stock valued at $829,967,000 after purchasing an additional 509,207 shares during the last quarter. Baillie Gifford & Co. raised its holdings in shares of DoorDash by 6.4% during the 4th quarter. Baillie Gifford & Co. now owns 12,775,622 shares of the company's stock valued at $1,263,381,000 after buying an additional 772,977 shares in the last quarter. Finally, State Street Corp lifted its position in DoorDash by 12.2% in the 2nd quarter. State Street Corp now owns 5,511,796 shares of the company's stock worth $421,211,000 after buying an additional 598,230 shares during the last quarter. Hedge funds and other institutional investors own 90.64% of the company's stock.

DoorDash Trading Down 1.8 %

DASH traded down $2.57 during trading on Friday, reaching $138.38. The stock had a trading volume of 1,998,135 shares, compared to its average volume of 2,626,234. DoorDash, Inc. has a one year low of $56.59 and a one year high of $143.34. The company has a market capitalization of $55.91 billion, a price-to-earnings ratio of -96.77, a P/E/G ratio of 16.22 and a beta of 1.79. The stock's 50 day moving average is $128.72 and its two-hundred day moving average is $105.31.

DoorDash (NASDAQ:DASH - Get Free Report) last issued its quarterly earnings results on Thursday, February 15th. The company reported ($0.39) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.15) by ($0.24). The business had revenue of $2.30 billion for the quarter, compared to analysts' expectations of $2.25 billion. DoorDash had a negative net margin of 6.46% and a negative return on equity of 8.49%. The company's revenue was up 26.7% on a year-over-year basis. During the same period last year, the business earned ($0.63) earnings per share. On average, equities research analysts predict that DoorDash, Inc. will post 0.2 earnings per share for the current year.

Insider Transactions at DoorDash

In other news, Director Andy Fang sold 67,000 shares of the firm's stock in a transaction on Friday, February 16th. The stock was sold at an average price of $110.57, for a total transaction of $7,408,190.00. Following the completion of the transaction, the director now directly owns 40,969 shares in the company, valued at $4,529,942.33. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, Director Andy Fang sold 67,000 shares of the stock in a transaction that occurred on Friday, February 16th. The shares were sold at an average price of $110.57, for a total transaction of $7,408,190.00. Following the sale, the director now owns 40,969 shares in the company, valued at $4,529,942.33. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Shona L. Brown sold 700 shares of the firm's stock in a transaction that occurred on Thursday, April 4th. The shares were sold at an average price of $141.60, for a total transaction of $99,120.00. Following the sale, the director now directly owns 70,111 shares of the company's stock, valued at approximately $9,927,717.60. The disclosure for this sale can be found here. Insiders have sold a total of 298,787 shares of company stock valued at $38,000,043 in the last ninety days. 9.59% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research analysts have commented on DASH shares. Piper Sandler upgraded shares of DoorDash from an "underweight" rating to a "neutral" rating and increased their price target for the company from $53.00 to $127.00 in a research report on Friday, March 15th. Morgan Stanley raised shares of DoorDash from an "equal weight" rating to an "overweight" rating and boosted their price target for the stock from $135.00 to $145.00 in a research note on Thursday, February 22nd. Mizuho raised their price objective on DoorDash from $140.00 to $152.00 and gave the company a "buy" rating in a research note on Friday, February 16th. Jefferies Financial Group raised DoorDash from a "hold" rating to a "buy" rating and boosted their target price for the company from $90.00 to $130.00 in a research note on Monday, January 8th. Finally, Truist Financial raised their price target on DoorDash from $140.00 to $155.00 and gave the stock a "buy" rating in a research report on Wednesday, March 27th. Nine research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $128.25.

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.