DoorDash, Inc. (NASDAQ:DASH) Stock Position Lifted by ProShare Advisors LLC

ProShare Advisors LLC grew its position in shares of DoorDash, Inc. (NASDAQ:DASH) by 23.1% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 446,224 shares of the company’s stock after buying an additional 83,788 shares during the quarter. ProShare Advisors LLC’s holdings in DoorDash were worth $74,854,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently bought and sold shares of the company. Vanguard Group Inc. lifted its holdings in DoorDash by 1.0% during the 4th quarter. Vanguard Group Inc. now owns 31,323,404 shares of the company’s stock worth $5,254,501,000 after buying an additional 317,502 shares during the last quarter. Capital World Investors lifted its holdings in DoorDash by 26.4% during the 4th quarter. Capital World Investors now owns 12,153,265 shares of the company’s stock worth $2,038,712,000 after buying an additional 2,538,160 shares during the last quarter. Franklin Resources Inc. lifted its holdings in 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 buying an additional 949,414 shares during the last quarter. Arrowstreet Capital Limited Partnership raised its position 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 during the period. Finally, Geode Capital Management LLC lifted its holdings in shares of DoorDash by 1.9% in 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 during the last quarter. Institutional investors own 90.64% of the company’s stock.

Insiders Place Their Bets

In related news, Director Andy Fang sold 1,398 shares of DoorDash stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $203.45, for a total transaction of $284,423.10. Following the completion of the transaction, the director now directly owns 14,778 shares of the company’s stock, valued at $3,006,584.10. This trade represents a 8.64% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CFO Ravi Inukonda sold 1,425 shares of DoorDash stock in a transaction dated Friday, April 25th. The shares were sold at an average price of $187.22, for a total transaction of $266,788.50. Following the transaction, the chief financial officer now directly owns 337,430 shares of the company’s stock, 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. Insiders have sold a total of 158,573 shares of company stock valued at $30,407,073 in the last quarter. Insiders own 5.83% of the company’s stock.

DoorDash Stock Up 0.1%

DoorDash stock opened at $197.10 on Friday. DoorDash, Inc. has a twelve month low of $99.32 and a twelve month high of $215.25. The firm has a 50 day moving average price of $185.67 and a 200-day moving average price of $181.82. The company has a market capitalization of $82.80 billion, a P/E ratio of 730.00 and a beta of 1.68.

DoorDash (NASDAQ:DASH) last posted 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 business had revenue of $3.03 billion for the quarter, compared to analysts’ expectations of $3.10 billion. DoorDash had a net margin of 1.15% and a return on equity of 1.67%. The business’s revenue for the quarter was up 20.7% compared to the same quarter last year. During the same period in the prior year, the company posted ($0.06) EPS. Equities analysts expect that DoorDash, Inc. will post 2.22 EPS for the current fiscal year.

Analysts Set New Price Targets

DASH has been the topic of several recent research reports. Susquehanna raised their price target on DoorDash from $180.00 to $235.00 and gave the stock a “positive” rating in a report on Thursday, February 13th. KeyCorp cut their price target on DoorDash from $240.00 to $230.00 and set an “overweight” rating on the stock in a report on Tuesday, April 15th. Loop Capital raised their price target on DoorDash from $200.00 to $235.00 and gave the stock a “buy” rating in a report on Monday, February 24th. Benchmark raised their price target on DoorDash from $220.00 to $225.00 and gave the stock a “buy” rating in a report on Wednesday, May 7th. Finally, JPMorgan Chase & Co. cut their price target on DoorDash from $205.00 to $175.00 and set a “neutral” rating on the stock in a report on Tuesday, April 8th. Ten equities 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.com, DoorDash has an average rating of “Moderate Buy” and a consensus price target of $209.97.

About DoorDash

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.