DoorDash, Inc. $DASH Shares Bought by TD Asset Management Inc

TD Asset Management Inc grew its holdings in shares of DoorDash, Inc. (NASDAQ:DASHFree Report) by 1.4% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 380,156 shares of the company’s stock after buying an additional 5,123 shares during the period. TD Asset Management Inc owned 0.09% of DoorDash worth $103,399,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Physician Wealth Advisors Inc. raised its position in DoorDash by 284.0% in the third quarter. Physician Wealth Advisors Inc. now owns 96 shares of the company’s stock worth $26,000 after acquiring an additional 71 shares in the last quarter. Sound Income Strategies LLC boosted its position in shares of DoorDash by 2,760.0% during the 3rd quarter. Sound Income Strategies LLC now owns 143 shares of the company’s stock valued at $39,000 after purchasing an additional 138 shares in the last quarter. Rossby Financial LCC grew its stake in shares of DoorDash by 127.8% in the 3rd quarter. Rossby Financial LCC now owns 164 shares of the company’s stock worth $44,000 after purchasing an additional 92 shares during the last quarter. Annis Gardner Whiting Capital Advisors LLC grew its stake in shares of DoorDash by 74.3% in the 3rd quarter. Annis Gardner Whiting Capital Advisors LLC now owns 176 shares of the company’s stock worth $48,000 after purchasing an additional 75 shares during the last quarter. Finally, Asset Planning Inc bought a new stake in shares of DoorDash in the 3rd quarter worth approximately $50,000. 90.64% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. The Goldman Sachs Group set a $267.00 target price on shares of DoorDash in a report on Monday, February 2nd. Benchmark increased their price objective on DoorDash from $280.00 to $285.00 and gave the company a “buy” rating in a research report on Thursday, February 19th. Susquehanna decreased their price target on DoorDash from $300.00 to $250.00 and set a “positive” rating for the company in a research report on Friday, November 7th. JPMorgan Chase & Co. dropped their price target on DoorDash from $325.00 to $300.00 and set an “overweight” rating on the stock in a research note on Thursday, November 6th. Finally, BMO Capital Markets restated an “outperform” rating on shares of DoorDash in a report on Friday, December 12th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-six have given a Buy rating and nine have assigned a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $264.74.

View Our Latest Stock Analysis on DoorDash

Insider Activity at DoorDash

In other news, Director Andy Fang sold 30,000 shares of the company’s stock in a transaction on Friday, January 2nd. The shares were sold at an average price of $222.52, for a total value of $6,675,600.00. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Tony Xu sold 16,667 shares of DoorDash stock in a transaction on Thursday, December 18th. The shares were sold at an average price of $230.00, for a total value of $3,833,410.00. Following the sale, the chief executive officer directly owned 1,500 shares of the company’s stock, valued at approximately $345,000. The trade was a 91.74% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 291,236 shares of company stock worth $63,380,925 in the last 90 days. 5.83% of the stock is owned by corporate insiders.

Trending Headlines about DoorDash

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DoorDash Trading Up 5.3%

Shares of NASDAQ DASH opened at $173.06 on Thursday. DoorDash, Inc. has a one year low of $155.40 and a one year high of $285.50. The firm has a market capitalization of $74.59 billion, a PE ratio of 81.63 and a beta of 1.77. The company has a current ratio of 1.41, a quick ratio of 1.41 and a debt-to-equity ratio of 0.27. The business has a 50-day moving average price of $204.19 and a two-hundred day moving average price of $229.11.

DoorDash (NASDAQ:DASHGet Free Report) last released its earnings results on Wednesday, February 18th. The company reported $0.48 earnings per share for the quarter, missing the consensus estimate of $0.58 by ($0.10). The business had revenue of $3.96 billion for the quarter, compared to analysts’ expectations of $3.98 billion. DoorDash had a net margin of 6.82% and a return on equity of 10.15%. The company’s revenue was up 37.7% compared to the same quarter last year. During the same period last year, the firm earned $0.33 EPS. As a group, analysts predict that DoorDash, Inc. will post 2.22 earnings per share for the current fiscal year.

DoorDash Company Profile

(Free Report)

DoorDash, Inc operates a technology-driven logistics and food-delivery marketplace that connects consumers, merchants and independent delivery contractors. The company’s core service enables customers to order from local restaurants and retailers through its app and website while DoorDash handles last-mile fulfillment via its network of drivers, known as “Dashers.” Over time the platform has broadened beyond restaurant deliveries to include groceries, convenience items and retail deliveries, positioning DoorDash as a broader on-demand logistics provider for consumer goods.

In addition to its marketplace, DoorDash offers a suite of products and services for consumers and businesses.

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Institutional Ownership by Quarter for DoorDash (NASDAQ:DASH)

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