Loomis Sayles & Co. L P Acquires 5,987 Shares of DoorDash, Inc. (NASDAQ:DASH)

Loomis Sayles & Co. L P grew its holdings in DoorDash, Inc. (NASDAQ:DASH) by 1,100.6% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 6,531 shares of the company’s stock after acquiring an additional 5,987 shares during the quarter. Loomis Sayles & Co. L P’s holdings in DoorDash were worth $932,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the company. DRW Securities LLC bought a new stake in DoorDash during the third quarter worth about $289,000. Harvest Fund Management Co. Ltd lifted its position in DoorDash by 89.6% during the third quarter. Harvest Fund Management Co. Ltd now owns 23,430 shares of the company’s stock worth $3,343,000 after purchasing an additional 11,071 shares during the period. Daiwa Securities Group Inc. lifted its position in DoorDash by 9.9% during the third quarter. Daiwa Securities Group Inc. now owns 64,204 shares of the company’s stock worth $9,164,000 after purchasing an additional 5,784 shares during the period. Summit Trail Advisors LLC lifted its position in DoorDash by 1.6% during the third quarter. Summit Trail Advisors LLC now owns 38,730 shares of the company’s stock worth $5,528,000 after purchasing an additional 600 shares during the period. Finally, Alpha DNA Investment Management LLC bought a new stake in DoorDash during the third quarter worth about $890,000. Institutional investors own 90.64% of the company’s stock.

DoorDash Stock Down 0.3 %

Shares of DASH opened at $178.44 on Thursday. DoorDash, Inc. has a 12-month low of $92.58 and a 12-month high of $181.30. The business’s fifty day moving average is $155.55 and its 200 day moving average is $129.97. The stock has a market cap of $74.12 billion, a P/E ratio of -396.53, a P/E/G ratio of 13.77 and a beta of 1.67.

DoorDash (NASDAQ:DASH) last issued its earnings results on Wednesday, October 30th. The company reported $0.38 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.21 by $0.17. DoorDash had a negative return on equity of 2.41% and a negative net margin of 1.69%. The company had revenue of $2.71 billion for the quarter, compared to analysts’ expectations of $2.66 billion. During the same period last year, the business earned ($0.19) EPS. DoorDash’s quarterly revenue was up 25.0% compared to the same quarter last year. On average, analysts expect that DoorDash, Inc. will post 0.26 EPS for the current year.

Insider Buying and Selling

In other DoorDash news, CEO Tony Xu sold 54,166 shares of the firm’s stock in a transaction on Monday, September 23rd. The stock was sold at an average price of $140.06, for a total transaction of $7,586,489.96. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CFO Ravi Inukonda sold 7,000 shares of the firm’s stock in a transaction on Friday, August 30th. The shares were sold at an average price of $127.86, for a total value of $895,020.00. Following the transaction, the chief financial officer now owns 396,152 shares in the company, valued at approximately $50,651,994.72. This trade represents a 1.74 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 553,262 shares of company stock worth $85,515,902 in the last ninety days. Corporate insiders own 7.92% of the company’s stock.

Analyst Ratings Changes

Several research firms recently weighed in on DASH. BMO Capital Markets upped their price objective on shares of DoorDash from $140.00 to $180.00 and gave the stock an “outperform” rating in a research report on Thursday, October 31st. UBS Group increased their target price on shares of DoorDash from $143.00 to $160.00 and gave the stock a “neutral” rating in a report on Friday, October 18th. Royal Bank of Canada increased their target price on shares of DoorDash from $165.00 to $175.00 and gave the stock an “outperform” rating in a report on Thursday, October 31st. Raymond James started coverage on shares of DoorDash in a report on Tuesday, September 24th. They issued an “outperform” rating and a $155.00 target price for the company. Finally, Benchmark increased their target price on shares of DoorDash from $152.00 to $173.00 and gave the stock a “buy” rating in a report on Thursday, October 17th. Ten investment analysts have rated the stock with a hold rating and twenty-four have assigned a buy rating to the stock. According to data from MarketBeat.com, DoorDash presently has a consensus rating of “Moderate Buy” and a consensus price target of $166.06.

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.