DoorDash, Inc. (NASDAQ:DASH) Shares Purchased by Victory Capital Management Inc.

Victory Capital Management Inc. grew its holdings in shares of DoorDash, Inc. (NASDAQ:DASH - Free Report) by 134.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 231,987 shares of the company's stock after buying an additional 133,232 shares during the quarter. Victory Capital Management Inc. owned 0.06% of DoorDash worth $22,941,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in DASH. Parkside Financial Bank & Trust boosted its holdings in DoorDash by 361.2% during the 4th quarter. Parkside Financial Bank & Trust now owns 392 shares of the company's stock worth $39,000 after acquiring an additional 307 shares during the last quarter. Fifth Third Bancorp grew its position in DoorDash by 448.8% in the 3rd quarter. Fifth Third Bancorp now owns 439 shares of the company's stock worth $35,000 after purchasing an additional 359 shares in the last quarter. Valley National Advisers Inc. bought a new stake in DoorDash in the 4th quarter worth about $43,000. SJS Investment Consulting Inc. increased its stake in DoorDash by 26.9% in the 4th quarter. SJS Investment Consulting Inc. now owns 462 shares of the company's stock valued at $46,000 after buying an additional 98 shares during the last quarter. Finally, Covestor Ltd lifted its position in shares of DoorDash by 101.2% during the 3rd quarter. Covestor Ltd now owns 503 shares of the company's stock worth $40,000 after buying an additional 253 shares in the last quarter. 90.64% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, Director Andy Fang sold 67,000 shares of the firm's stock in a transaction dated 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 transaction, the director now directly owns 40,969 shares of the company's stock, valued at approximately $4,529,942.33. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, Director Andy Fang sold 67,000 shares of DoorDash stock in a transaction on Friday, February 16th. The shares were sold at an average price of $110.57, for a total value of $7,408,190.00. Following the transaction, the director now owns 40,969 shares in the company, valued at approximately $4,529,942.33. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, General Counsel Tia Sherringham sold 1,880 shares of the company's stock in a transaction dated Monday, February 12th. The shares were sold at an average price of $120.15, for a total transaction of $225,882.00. Following the sale, the general counsel now owns 217,260 shares of the company's stock, valued at $26,103,789. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 487,082 shares of company stock worth $63,970,010. Corporate insiders own 9.59% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on DASH shares. Mizuho upped their target price on DoorDash from $140.00 to $152.00 and gave the company a "buy" rating in a report on Friday, February 16th. Benchmark decreased their target price on DoorDash from $165.00 to $150.00 and set a "buy" rating for the company in a research report on Thursday, May 2nd. Susquehanna boosted their price target on shares of DoorDash from $110.00 to $135.00 and gave the stock a "positive" rating in a report on Tuesday, February 20th. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of DoorDash from $140.00 to $155.00 and gave the stock a "buy" rating in a research report on Tuesday, April 16th. Finally, The Goldman Sachs Group increased their target price on shares of DoorDash from $109.00 to $122.00 and gave the company a "neutral" rating in a research report on Friday, February 16th. Nine analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $132.28.

DoorDash Trading Up 2.8 %

Shares of DASH traded up $3.15 during trading hours on Thursday, reaching $116.17. 4,121,844 shares of the company's stock traded hands, compared to its average volume of 3,928,843. DoorDash, Inc. has a 12 month low of $62.83 and a 12 month high of $143.34. The stock has a market cap of $46.93 billion, a PE ratio of -105.10, a price-to-earnings-growth ratio of 15.89 and a beta of 1.78. The firm's 50 day simple moving average is $131.46 and its 200-day simple moving average is $111.25.

DoorDash (NASDAQ:DASH - Get Free Report) last announced its earnings results on Wednesday, May 1st. The company reported ($0.06) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.07) by $0.01. The business had revenue of $2.51 billion during the quarter, compared to analyst estimates of $2.45 billion. DoorDash had a negative net margin of 4.61% and a negative return on equity of 6.28%. DoorDash's revenue for the quarter was up 23.5% on a year-over-year basis. During the same period in the previous year, the business posted ($0.41) earnings per share. As a group, analysts expect that DoorDash, Inc. will post 0.17 earnings per share for the current fiscal year.

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.