Robeco Institutional Asset Management B.V. Has $36.49 Million Stake in DoorDash, Inc. (NASDAQ:DASH)

Robeco Institutional Asset Management B.V. trimmed its holdings in DoorDash, Inc. (NASDAQ:DASH - Free Report) by 14.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 368,950 shares of the company's stock after selling 62,085 shares during the period. Robeco Institutional Asset Management B.V. owned 0.09% of DoorDash worth $36,485,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Versor Investments LP acquired a new position in shares of DoorDash during the third quarter worth $556,000. Assenagon Asset Management S.A. grew its stake in shares of DoorDash by 1,725.6% in the fourth quarter. Assenagon Asset Management S.A. now owns 1,113,175 shares of the company's stock worth $110,082,000 after purchasing an additional 1,052,198 shares during the last quarter. Sequoia Financial Advisors LLC bought a new stake in shares of DoorDash in the fourth quarter worth $769,000. Angeles Investment Advisors LLC bought a new stake in shares of DoorDash in the third quarter worth $336,000. Finally, Bank of Nova Scotia grew its stake in shares of DoorDash by 685.9% in the third quarter. Bank of Nova Scotia now owns 46,751 shares of the company's stock worth $3,715,000 after purchasing an additional 40,802 shares during the last quarter. 90.64% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts have commented on DASH shares. Citigroup upped their price target on shares of DoorDash from $141.00 to $144.00 and gave the company a "buy" rating in a research report on Thursday, May 2nd. Royal Bank of Canada cut their price target on shares of DoorDash from $175.00 to $165.00 and set an "outperform" rating on the stock in a research report on Thursday, May 2nd. Roth Mkm cut their price target on shares of DoorDash from $121.00 to $118.00 and set a "neutral" rating on the stock in a research report on Thursday, May 2nd. Truist Financial cut their price target on shares of DoorDash from $155.00 to $145.00 and set a "buy" rating on the stock in a research report on Thursday, May 2nd. Finally, JMP Securities cut their price target on shares of DoorDash from $160.00 to $140.00 and set a "market outperform" rating on the stock in a research report on Thursday, May 2nd. Nine research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $132.28.

DoorDash Price Performance

NASDAQ:DASH traded up $1.27 during trading hours on Friday, hitting $117.43. The stock had a trading volume of 3,717,102 shares, compared to its average volume of 5,267,831. The company has a 50 day simple moving average of $129.45 and a two-hundred day simple moving average of $113.34. The firm has a market capitalization of $48.02 billion, a price-to-earnings ratio of -108.73, a P/E/G ratio of 38.92 and a beta of 1.78. DoorDash, Inc. has a one year low of $62.83 and a one year high of $143.34.

DoorDash (NASDAQ:DASH - Get Free Report) last posted its quarterly earnings data on Wednesday, May 1st. The company reported ($0.06) earnings per share for the quarter, beating the consensus estimate of ($0.07) by $0.01. The firm had revenue of $2.51 billion for the quarter, compared to analysts' expectations of $2.45 billion. DoorDash had a negative net margin of 4.61% and a negative return on equity of 6.28%. The business's quarterly revenue was up 23.5% on a year-over-year basis. During the same quarter last year, the company posted ($0.41) EPS. Equities research analysts anticipate that DoorDash, Inc. will post 0.07 earnings per share for the current year.

Insider Buying and Selling at DoorDash

In other DoorDash news, insider Keith Yandell sold 3,500 shares of the business's stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $124.50, for a total value of $435,750.00. Following the transaction, the insider now owns 161,102 shares in the company, valued at $20,057,199. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, CEO Tony Xu sold 132,300 shares of DoorDash stock in a transaction dated Thursday, March 14th. The shares were sold at an average price of $131.96, for a total transaction of $17,458,308.00. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Keith Yandell sold 3,500 shares of DoorDash stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $124.50, for a total transaction of $435,750.00. Following the sale, the insider now directly owns 161,102 shares in the company, valued at approximately $20,057,199. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 415,698 shares of company stock worth $56,026,819. 9.59% of the stock is currently owned by company insiders.

DoorDash Company 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.

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