Intech Investment Management LLC Boosts Stake in DoorDash, Inc. $DASH

Intech Investment Management LLC grew its stake in shares of DoorDash, Inc. (NASDAQ:DASH) by 132.9% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 31,363 shares of the company’s stock after buying an additional 17,897 shares during the period. Intech Investment Management LLC’s holdings in DoorDash were worth $8,530,000 at the end of the most recent reporting period.

Other institutional investors also recently made changes to their positions in the company. Greenland Capital Management LP grew its position in DoorDash by 637.5% in the second quarter. Greenland Capital Management LP now owns 23,572 shares of the company’s stock valued at $5,811,000 after acquiring an additional 20,376 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of DoorDash by 2.9% during the second quarter. Geode Capital Management LLC now owns 7,951,230 shares of the company’s stock worth $1,950,711,000 after purchasing an additional 223,188 shares in the last quarter. Caprock Group LLC purchased a new position in shares of DoorDash in the third quarter valued at $3,169,000. Williamson Legacy Group LLC acquired a new stake in DoorDash during the 2nd quarter valued at $1,264,000. Finally, Brighton Jones LLC grew its holdings in DoorDash by 24.0% during the 4th quarter. Brighton Jones LLC now owns 9,336 shares of the company’s stock valued at $1,566,000 after purchasing an additional 1,807 shares in the last quarter. 90.64% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

DASH has been the topic of a number of recent analyst reports. BTIG Research reiterated a “buy” rating and issued a $315.00 price objective on shares of DoorDash in a report on Thursday, November 6th. Stifel Nicolaus dropped their target price on DoorDash from $253.00 to $224.00 and set a “hold” rating on the stock in a research report on Tuesday, January 27th. Cantor Fitzgerald cut their price target on DoorDash from $285.00 to $230.00 and set an “overweight” rating on the stock in a research note on Thursday, February 19th. Roth Mkm reissued a “neutral” rating and issued a $200.00 price target on shares of DoorDash in a report on Thursday, February 19th. Finally, Citigroup dropped their price objective on DoorDash from $283.00 to $280.00 and set a “buy” rating on the stock in a report on Friday, February 20th. One investment analyst has rated the stock with a Strong Buy rating, twenty-six have given a Buy rating and nine have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $264.74.

Insider Transactions at DoorDash

In other DoorDash news, COO Prabir Adarkar sold 30,000 shares of DoorDash stock in a transaction on Monday, December 22nd. The shares were sold at an average price of $234.57, for a total value of $7,037,100.00. Following the completion of the transaction, the chief operating officer owned 874,130 shares of the company’s stock, valued at $205,044,674.10. The trade was a 3.32% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, CEO Tony Xu sold 16,667 shares of the business’s stock in a transaction on Thursday, December 18th. The shares were sold at an average price of $230.00, for a total transaction of $3,833,410.00. Following the sale, the chief executive officer 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. Over the last ninety days, insiders have sold 291,236 shares of company stock valued at $63,380,925. Company insiders own 5.83% of the company’s stock.

DoorDash Stock Down 2.2%

Shares of DoorDash stock opened at $176.47 on Friday. The business has a 50-day moving average price of $202.02 and a 200 day moving average price of $228.22. DoorDash, Inc. has a fifty-two week low of $155.40 and a fifty-two week high of $285.50. The firm has a market cap of $76.06 billion, a P/E ratio of 83.24 and a beta of 1.77. The company has a quick ratio of 1.41, a current ratio of 1.41 and a debt-to-equity ratio of 0.27.

DoorDash (NASDAQ:DASH) last released its earnings results on Wednesday, February 18th. The company reported $0.48 EPS for the quarter, missing analysts’ consensus estimates of $0.58 by ($0.10). The firm had revenue of $3.96 billion for the quarter, compared to the consensus estimate of $3.98 billion. DoorDash had a return on equity of 10.15% and a net margin of 6.82%.The company’s quarterly revenue was up 37.7% on a year-over-year basis. During the same period in the prior year, the business earned $0.33 EPS. On average, sell-side analysts forecast that DoorDash, Inc. will post 2.22 earnings per share for the current fiscal year.

DoorDash Company Profile

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.