DoorDash, Inc. (NASDAQ:DASH) Position Increased by Quantinno Capital Management LP

Quantinno Capital Management LP boosted its holdings in shares of DoorDash, Inc. (NASDAQ:DASH - Free Report) by 324.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 288,004 shares of the company's stock after acquiring an additional 220,228 shares during the period. DoorDash comprises 0.5% of Quantinno Capital Management LP's portfolio, making the stock its 22nd largest holding. Quantinno Capital Management LP owned approximately 0.07% of DoorDash worth $48,313,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Morgens Waterfall Vintiadis & Co. Inc. acquired a new position in DoorDash during the fourth quarter worth about $3,858,000. Pathstone Holdings LLC grew its holdings in DoorDash by 15.5% in the fourth quarter. Pathstone Holdings LLC now owns 47,376 shares of the company's stock valued at $7,948,000 after purchasing an additional 6,359 shares during the period. Parkwood LLC purchased a new stake in DoorDash in the fourth quarter valued at approximately $9,324,000. Nissay Asset Management Corp Japan ADV grew its holdings in DoorDash by 7.8% in the fourth quarter. Nissay Asset Management Corp Japan ADV now owns 76,558 shares of the company's stock valued at $12,964,000 after purchasing an additional 5,512 shares during the period. Finally, Numerai GP LLC grew its holdings in DoorDash by 104.2% in the fourth quarter. Numerai GP LLC now owns 25,414 shares of the company's stock valued at $4,263,000 after purchasing an additional 12,970 shares during the period. Institutional investors and hedge funds own 90.64% of the company's stock.

DoorDash Price Performance

Shares of DASH stock traded up $4.90 during trading hours on Friday, reaching $202.00. The stock had a trading volume of 4,181,856 shares, compared to its average volume of 4,178,576. DoorDash, Inc. has a twelve month low of $99.32 and a twelve month high of $215.25. The firm has a 50-day simple moving average of $186.03 and a 200-day simple moving average of $182.14. The firm has a market capitalization of $84.86 billion, a PE ratio of 748.15 and a beta of 1.68.

DoorDash (NASDAQ:DASH - Get Free Report) last released 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. DoorDash had a net margin of 1.15% and a return on equity of 1.67%. The business had revenue of $3.03 billion for the quarter, compared to analysts' expectations of $3.10 billion. During the same quarter last year, the company earned ($0.06) EPS. The company's revenue for the quarter was up 20.7% compared to the same quarter last year. On average, equities analysts anticipate that DoorDash, Inc. will post 2.22 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the stock. Piper Sandler restated a "neutral" rating and issued a $210.00 target price (up from $160.00) on shares of DoorDash in a report on Wednesday, February 12th. FBN Securities started coverage on shares of DoorDash in a research note on Friday, March 28th. They set an "outperform" rating and a $230.00 price objective for the company. Loop Capital boosted their price objective on shares of DoorDash from $200.00 to $235.00 and gave the stock a "buy" rating in a research note on Monday, February 24th. Citigroup reiterated an "outperform" rating on shares of DoorDash in a research note on Monday, April 28th. Finally, Oppenheimer reiterated a "hold" rating on shares of DoorDash in a research note on Monday, March 10th. Ten investment analysts have rated the stock with a hold rating and twenty-four have issued 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.

Insiders Place Their Bets

In other news, General Counsel Tia Sherringham sold 12,088 shares of the stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $203.45, for a total value of $2,459,303.60. Following the completion of the transaction, the general counsel now directly owns 122,135 shares in the company, valued at $24,848,365.75. This trade represents a 9.01% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Ravi Inukonda sold 1,425 shares of the stock in a transaction that occurred on Friday, April 25th. The shares were sold at an average price of $187.22, for a total transaction of $266,788.50. Following the completion of the transaction, the chief financial officer now owns 337,430 shares of the company's stock, valued at $63,173,644.60. This trade represents a 0.42% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 158,573 shares of company stock worth $30,407,073. 5.83% of the stock is owned by corporate insiders.

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.