DoorDash, Inc. (NASDAQ:DASH) Holdings Boosted by Los Angeles Capital Management LLC

Los Angeles Capital Management LLC boosted its position in shares of DoorDash, Inc. (NASDAQ:DASH) by 40,319.6% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,039,592 shares of the company’s stock after purchasing an additional 1,037,020 shares during the period. Los Angeles Capital Management LLC owned 0.26% of DoorDash worth $102,805,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Versor Investments LP acquired a new position in DoorDash during the third quarter worth $556,000. Assenagon Asset Management S.A. increased its holdings in shares of DoorDash by 1,725.6% during the 4th quarter. Assenagon Asset Management S.A. now owns 1,113,175 shares of the company’s stock valued at $110,082,000 after acquiring an additional 1,052,198 shares during the last quarter. Sequoia Financial Advisors LLC bought a new position in shares of DoorDash in the 4th quarter valued at approximately $769,000. Angeles Investment Advisors LLC acquired a new stake in DoorDash in the 3rd quarter worth approximately $336,000. Finally, Bank of Nova Scotia boosted its position in DoorDash by 685.9% during 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 period. 90.64% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

DASH has been the topic of a number of recent analyst reports. Mizuho lifted their price target on shares of DoorDash from $140.00 to $152.00 and gave the company a “buy” rating in a research report on Friday, February 16th. Benchmark dropped their target price on shares of DoorDash from $165.00 to $150.00 and set a “buy” rating on the stock in a report on Thursday. Truist Financial decreased their price target on shares of DoorDash from $155.00 to $145.00 and set a “buy” rating for the company in a report on Thursday. Roth Mkm dropped their price objective on DoorDash from $121.00 to $118.00 and set a “neutral” rating on the stock in a research note on Thursday. Finally, JMP Securities cut their price objective on DoorDash from $160.00 to $140.00 and set a “market outperform” rating for the company in a research report on Thursday. Nine equities research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. Based on data from MarketBeat, DoorDash has a consensus rating of “Moderate Buy” and a consensus target price of $129.40.

Insider Activity

In other news, CEO Tony Xu sold 132,300 shares of the company’s stock in a transaction that occurred on Thursday, March 14th. The stock was sold at an average price of $131.96, for a total value of $17,458,308.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In related news, Director Shona L. Brown sold 700 shares of the stock in a transaction that occurred on Tuesday, February 6th. The stock was sold at an average price of $109.71, for a total transaction of $76,797.00. Following the sale, the director now directly owns 71,514 shares in the company, valued at approximately $7,845,800.94. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Tony Xu sold 132,300 shares of the stock in a transaction that occurred on Thursday, March 14th. The stock was sold at an average price of $131.96, for a total value of $17,458,308.00. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 480,782 shares of company stock worth $63,130,157. Company insiders own 9.59% of the company’s stock.

DoorDash Trading Down 10.7 %

DASH traded down $13.59 on Thursday, hitting $113.87. 14,112,795 shares of the stock traded hands, compared to its average volume of 3,780,676. DoorDash, Inc. has a 52 week low of $60.36 and a 52 week high of $143.34. The firm has a market capitalization of $46.00 billion, a PE ratio of -78.87, a P/E/G ratio of 14.38 and a beta of 1.78. The business has a fifty day moving average price of $132.16 and a two-hundred day moving average price of $109.84.

DoorDash (NASDAQ:DASH) last released 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. DoorDash had a negative return on equity of 8.49% and a negative net margin of 6.46%. The company had revenue of $2.51 billion for the quarter, compared to analyst estimates of $2.45 billion. During the same period in the prior year, the company posted ($0.41) EPS. The company’s revenue was up 23.5% compared to the same quarter last year. On average, equities research analysts forecast that DoorDash, Inc. will post 0.21 EPS 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.