Quantinno Capital Management LP Buys 30,881 Shares of DoorDash, Inc. $DASH

Quantinno Capital Management LP boosted its stake in shares of DoorDash, Inc. (NASDAQ:DASH) by 4.9% in the 1st quarter, HoldingsChannel reports. The fund owned 655,095 shares of the company’s stock after buying an additional 30,881 shares during the quarter. Quantinno Capital Management LP’s holdings in DoorDash were worth $98,363,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Vanguard Group Inc. lifted its position in DoorDash by 1.7% in the fourth quarter. Vanguard Group Inc. now owns 43,426,479 shares of the company’s stock valued at $9,835,229,000 after purchasing an additional 713,571 shares during the last quarter. SC US Ttgp LTD. grew its holdings in shares of DoorDash by 1.6% in the fourth quarter. SC US Ttgp LTD. now owns 31,686,624 shares of the company’s stock worth $7,176,387,000 after purchasing an additional 506,358 shares during the last quarter. Morgan Stanley grew its holdings in shares of DoorDash by 2.3% in the fourth quarter. Morgan Stanley now owns 17,536,824 shares of the company’s stock worth $3,971,741,000 after purchasing an additional 391,596 shares during the last quarter. State Street Corp increased its stake in shares of DoorDash by 3.0% in the fourth quarter. State Street Corp now owns 15,761,072 shares of the company’s stock worth $3,569,568,000 after buying an additional 464,448 shares during the period. Finally, Price T Rowe Associates Inc. MD increased its stake in shares of DoorDash by 32.8% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 13,958,114 shares of the company’s stock worth $3,161,234,000 after buying an additional 3,447,754 shares during the period. 90.64% of the stock is currently owned by institutional investors.

Insider Transactions at DoorDash

In other news, Director Shona L. Brown sold 582 shares of DoorDash stock in a transaction dated Friday, June 26th. The shares were sold at an average price of $177.06, for a total transaction of $103,048.92. Following the sale, the director owned 31,156 shares of the company’s stock, valued at approximately $5,516,481.36. The trade was a 1.83% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Andy Fang sold 5,000 shares of the business’s stock in a transaction dated Wednesday, June 24th. The shares were sold at an average price of $180.00, for a total transaction of $900,000.00. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders sold 74,927 shares of company stock worth $13,241,532. 5.83% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several brokerages have weighed in on DASH. Argus set a $190.00 price target on shares of DoorDash in a research report on Thursday, June 11th. Wells Fargo & Company decreased their price objective on shares of DoorDash from $200.00 to $199.00 and set an “equal weight” rating on the stock in a research report on Monday, July 6th. Moffett Nathanson set a $276.00 price objective on shares of DoorDash in a research report on Wednesday, April 15th. Needham & Company LLC reaffirmed a “buy” rating and set a $265.00 price objective on shares of DoorDash in a research note on Thursday, May 7th. Finally, Truist Financial dropped their target price on shares of DoorDash from $340.00 to $330.00 and set a “buy” rating for the company in a report on Thursday, May 7th. One research analyst has rated the stock with a Strong Buy rating, twenty-four have assigned a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $252.89.

DoorDash Price Performance

Shares of DoorDash stock opened at $184.37 on Tuesday. The company has a quick ratio of 1.43, a current ratio of 1.43 and a debt-to-equity ratio of 0.27. The company has a market cap of $80.33 billion, a PE ratio of 87.80 and a beta of 1.78. The business has a 50 day moving average of $172.65 and a 200 day moving average of $175.36. DoorDash, Inc. has a 52 week low of $143.30 and a 52 week high of $285.50.

DoorDash (NASDAQ:DASH) last released its quarterly earnings results on Wednesday, May 6th. The company reported $0.42 earnings per share for the quarter, beating the consensus estimate of $0.36 by $0.06. The business had revenue of $4.04 billion for the quarter, compared to analysts’ expectations of $4.15 billion. DoorDash had a net margin of 6.29% and a return on equity of 9.58%. The firm’s revenue for the quarter was up 33.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.44 earnings per share. As a group, equities research analysts forecast that DoorDash, Inc. will post 2.39 earnings per share for the current 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.