Rafferty Asset Management LLC Sells 6,336 Shares of DoorDash, Inc. (NASDAQ:DASH)

Rafferty Asset Management LLC decreased its position in DoorDash, Inc. (NASDAQ:DASH - Free Report) by 6.3% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 93,753 shares of the company's stock after selling 6,336 shares during the period. Rafferty Asset Management LLC's holdings in DoorDash were worth $15,727,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. lifted its stake in DoorDash by 1.0% in the 4th quarter. Vanguard Group Inc. now owns 31,323,404 shares of the company's stock valued at $5,254,501,000 after acquiring an additional 317,502 shares in the last quarter. Capital World Investors lifted its stake in DoorDash by 26.4% in the 4th quarter. Capital World Investors now owns 12,153,265 shares of the company's stock valued at $2,038,712,000 after acquiring an additional 2,538,160 shares in the last quarter. Franklin Resources Inc. raised its stake in shares of DoorDash by 25.0% during the 4th quarter. Franklin Resources Inc. now owns 4,749,810 shares of the company's stock worth $796,781,000 after purchasing an additional 949,414 shares in the last quarter. Arrowstreet Capital Limited Partnership raised its stake in shares of DoorDash by 67.1% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 4,654,891 shares of the company's stock worth $780,858,000 after purchasing an additional 1,869,866 shares in the last quarter. Finally, Geode Capital Management LLC raised its stake in shares of DoorDash by 1.9% during the 4th quarter. Geode Capital Management LLC now owns 4,558,821 shares of the company's stock worth $763,198,000 after purchasing an additional 86,667 shares in the last quarter. Institutional investors own 90.64% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the company. Roth Capital set a $191.00 price objective on DoorDash and gave the stock a "neutral" rating in a research note on Wednesday, May 7th. Royal Bank of Canada reiterated an "outperform" rating and set a $230.00 price objective on shares of DoorDash in a research note on Wednesday, May 7th. Oppenheimer reiterated a "hold" rating on shares of DoorDash in a research note on Monday, March 10th. Bank of America dropped their price objective on DoorDash from $245.00 to $235.00 and set a "buy" rating on the stock in a research note on Monday, April 7th. Finally, DA Davidson upped their price objective on DoorDash from $150.00 to $190.00 and gave the stock a "neutral" rating in a research note on Tuesday, May 6th. Ten investment analysts have rated the stock with a hold rating and twenty-four have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $209.97.

Insider Transactions at DoorDash

In other news, Director Andy Fang sold 1,398 shares of the stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $203.45, for a total transaction of $284,423.10. Following the sale, the director now directly owns 14,778 shares of the company's stock, valued at approximately $3,006,584.10. This represents a 8.64% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Ravi Inukonda sold 1,425 shares of the stock in a transaction on Friday, April 25th. The stock was sold at an average price of $187.22, for a total value of $266,788.50. Following the sale, the chief financial officer now directly owns 337,430 shares in the company, valued at approximately $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 valued at $30,407,073. 5.83% of the stock is owned by corporate insiders.

DoorDash Price Performance

Shares of NASDAQ DASH opened at $197.10 on Friday. The stock's fifty day moving average price is $185.67 and its two-hundred day moving average price is $181.82. DoorDash, Inc. has a one year low of $99.32 and a one year high of $215.25. The firm has a market cap of $82.80 billion, a price-to-earnings ratio of 730.00 and a beta of 1.68.

DoorDash (NASDAQ:DASH - Get Free Report) last released its earnings results on Tuesday, May 6th. The company reported $0.44 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.39 by $0.05. The company had revenue of $3.03 billion for the quarter, compared to analyst estimates of $3.10 billion. DoorDash had a return on equity of 1.67% and a net margin of 1.15%. DoorDash's quarterly revenue was up 20.7% on a year-over-year basis. During the same period in the prior year, the firm posted ($0.06) EPS. On average, equities analysts anticipate that DoorDash, Inc. will post 2.22 earnings per share for the current fiscal year.

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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