DoorDash, Inc. (NASDAQ:DASH) Shares Purchased by Los Angeles Capital Management LLC

Los Angeles Capital Management LLC lifted its holdings in DoorDash, Inc. (NASDAQ:DASH) by 1,344.8% in the 3rd quarter, HoldingsChannel reports. The firm owned 425,133 shares of the company’s stock after purchasing an additional 395,707 shares during the quarter. Los Angeles Capital Management LLC’s holdings in DoorDash were worth $60,679,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently modified their holdings of the company. Headlands Technologies LLC bought a new position in shares of DoorDash in the second quarter worth $32,000. Meeder Asset Management Inc. grew its stake in shares of DoorDash by 82.0% in the second quarter. Meeder Asset Management Inc. now owns 293 shares of the company’s stock worth $32,000 after purchasing an additional 132 shares in the last quarter. Versant Capital Management Inc grew its stake in shares of DoorDash by 340.8% in the second quarter. Versant Capital Management Inc now owns 335 shares of the company’s stock worth $36,000 after purchasing an additional 259 shares in the last quarter. Quest Partners LLC grew its stake in shares of DoorDash by 146.8% in the second quarter. Quest Partners LLC now owns 343 shares of the company’s stock worth $37,000 after purchasing an additional 204 shares in the last quarter. Finally, First Horizon Advisors Inc. grew its stake in shares of DoorDash by 141.1% in the second quarter. First Horizon Advisors Inc. now owns 352 shares of the company’s stock worth $38,000 after purchasing an additional 206 shares in the last quarter. Institutional investors own 90.64% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the company. BTIG Research raised DoorDash from a “neutral” rating to a “buy” rating and set a $155.00 target price for the company in a research note on Thursday, September 19th. Argus assumed coverage on DoorDash in a research note on Tuesday, July 23rd. They set a “hold” rating for the company. The Goldman Sachs Group raised their target price on DoorDash from $142.00 to $161.00 and gave the company a “neutral” rating in a research note on Friday, November 1st. Raymond James assumed coverage on DoorDash in a research note on Tuesday, September 24th. They set an “outperform” rating and a $155.00 target price for the company. Finally, Wolfe Research assumed coverage on DoorDash in a research note on Tuesday, July 16th. They set an “outperform” rating and a $130.00 target price for the company. Ten analysts have rated the stock with a hold rating and twenty-four have given a buy rating to the stock. According to data from MarketBeat, DoorDash currently has a consensus rating of “Moderate Buy” and a consensus price target of $163.12.

DoorDash Price Performance

Shares of DASH stock traded up $0.81 during trading on Friday, reaching $171.40. The company had a trading volume of 2,320,838 shares, compared to its average volume of 3,429,784. The firm’s 50 day simple moving average is $144.18 and its two-hundred day simple moving average is $125.43. DoorDash, Inc. has a one year low of $83.58 and a one year high of $172.18. The company has a market capitalization of $71.20 billion, a PE ratio of -380.89, a PEG ratio of 14.27 and a beta of 1.67.

DoorDash (NASDAQ:DASH) last issued its quarterly earnings data on Wednesday, October 30th. The company reported $0.38 earnings per share for the quarter, beating 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 business had revenue of $2.71 billion for the quarter, compared to the consensus estimate of $2.66 billion. During the same period last year, the business earned ($0.19) EPS. The firm’s revenue was up 25.0% compared to the same quarter last year. Analysts forecast that DoorDash, Inc. will post 0.24 earnings per share for the current year.

Insider Activity at DoorDash

In related news, CEO Tony Xu sold 54,166 shares of the firm’s stock in a transaction that occurred on Monday, September 23rd. The stock was sold at an average price of $140.06, for a total value of $7,586,489.96. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other DoorDash news, Director Andy Fang sold 50,000 shares of the firm’s stock in a transaction that occurred on Thursday, September 12th. The stock was sold at an average price of $130.20, for a total value of $6,510,000.00. Following the sale, the director now owns 18,089 shares of the company’s stock, valued at $2,355,187.80. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CEO Tony Xu sold 54,166 shares of the firm’s stock in a transaction that occurred on Monday, September 23rd. The shares were sold at an average price of $140.06, for a total value of $7,586,489.96. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 324,539 shares of company stock valued at $46,439,330. Corporate insiders own 7.92% of the company’s stock.

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.