6,234 Shares in DoorDash, Inc. (NASDAQ:DASH) Bought by Alpha DNA Investment Management LLC

Alpha DNA Investment Management LLC acquired a new stake in DoorDash, Inc. (NASDAQ:DASH) in the third quarter, Holdings Channel.com reports. The institutional investor acquired 6,234 shares of the company’s stock, valued at approximately $890,000.

A number of other institutional investors have also recently bought and sold shares of the business. Asset Management One Co. Ltd. boosted its holdings in shares of DoorDash by 10.6% in the 3rd quarter. Asset Management One Co. Ltd. now owns 112,181 shares of the company’s stock worth $16,012,000 after buying an additional 10,755 shares during the last quarter. Marshall Wace LLP raised its position in DoorDash by 930.5% in the second quarter. Marshall Wace LLP now owns 675,988 shares of the company’s stock worth $73,534,000 after acquiring an additional 610,388 shares during the period. Forsta AP Fonden boosted its stake in DoorDash by 18.6% in the third quarter. Forsta AP Fonden now owns 64,500 shares of the company’s stock valued at $9,206,000 after acquiring an additional 10,100 shares during the last quarter. Baillie Gifford & Co. grew its position in shares of DoorDash by 13.2% during the 3rd quarter. Baillie Gifford & Co. now owns 14,142,674 shares of the company’s stock valued at $2,018,584,000 after acquiring an additional 1,645,186 shares during the period. Finally, CWM LLC increased its stake in shares of DoorDash by 97.1% during the 3rd quarter. CWM LLC now owns 10,705 shares of the company’s stock worth $1,528,000 after purchasing an additional 5,273 shares during the last quarter. Institutional investors own 90.64% of the company’s stock.

DoorDash Stock Performance

NASDAQ DASH opened at $177.24 on Friday. DoorDash, Inc. has a 52-week low of $92.56 and a 52-week high of $178.16. The company has a fifty day moving average of $153.61 and a 200-day moving average of $128.96. The company has a market capitalization of $73.62 billion, a P/E ratio of -393.87, a P/E/G ratio of 13.31 and a beta of 1.67.

DoorDash (NASDAQ:DASH) last issued its quarterly earnings results on Wednesday, October 30th. The company reported $0.38 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.21 by $0.17. The firm had revenue of $2.71 billion during the quarter, compared to analyst estimates of $2.66 billion. DoorDash had a negative return on equity of 2.41% and a negative net margin of 1.69%. The company’s revenue was up 25.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($0.19) earnings per share. As a group, analysts forecast that DoorDash, Inc. will post 0.26 EPS for the current fiscal year.

Insider Buying and Selling

In related news, insider Keith Yandell sold 7,980 shares of DoorDash stock in a transaction on Wednesday, November 20th. The shares were sold at an average price of $169.98, for a total value of $1,356,440.40. Following the transaction, the insider now owns 124,221 shares in the company, valued at $21,115,085.58. This trade represents a 6.04 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, General Counsel Tia Sherringham sold 12,950 shares of the company’s stock in a transaction dated Wednesday, November 20th. The shares were sold at an average price of $169.98, for a total transaction of $2,201,241.00. Following the sale, the general counsel now owns 145,917 shares of the company’s stock, valued at approximately $24,802,971.66. The trade was a 8.15 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 547,753 shares of company stock worth $84,544,996 in the last quarter. 7.92% of the stock is owned by insiders.

Analysts Set New Price Targets

Several research firms recently commented on DASH. Wells Fargo & Company upped their price objective on DoorDash from $127.00 to $142.00 and gave the company an “equal weight” rating in a research note on Friday, October 4th. Morgan Stanley increased their price target on DoorDash from $145.00 to $150.00 and gave the stock an “overweight” rating in a research note on Friday, August 2nd. JPMorgan Chase & Co. lifted their price objective on DoorDash from $137.00 to $155.00 and gave the stock a “neutral” rating in a report on Thursday, October 31st. Evercore ISI upped their price objective on shares of DoorDash from $155.00 to $200.00 and gave the company an “outperform” rating in a report on Thursday, October 31st. Finally, UBS Group lifted their target price on shares of DoorDash from $143.00 to $160.00 and gave the stock a “neutral” rating in a research note on Friday, October 18th. Ten research analysts have rated the stock with a hold rating and twenty-four have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $164.03.

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.