DoorDash, Inc. (NASDAQ:DASH) Holdings Reduced by Robeco Institutional Asset Management B.V.

Robeco Institutional Asset Management B.V. lowered its position in DoorDash, Inc. (NASDAQ:DASH) by 8.8% during the 4th quarter, Holdings Channel.com reports. The firm owned 567,230 shares of the company’s stock after selling 54,486 shares during the quarter. Robeco Institutional Asset Management B.V.’s holdings in DoorDash were worth $95,153,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in the business. Baillie Gifford & Co. increased its position in DoorDash by 13.2% in the 3rd quarter. Baillie Gifford & Co. now owns 14,142,674 shares of the company’s stock valued at $2,018,584,000 after acquiring an additional 1,645,186 shares during the period. Allspring Global Investments Holdings LLC grew its stake in shares of DoorDash by 216.1% in the third quarter. Allspring Global Investments Holdings LLC now owns 1,082,362 shares of the company’s stock worth $154,486,000 after purchasing an additional 739,961 shares in the last quarter. Janus Henderson Group PLC increased its holdings in shares of DoorDash by 14.5% during the third quarter. Janus Henderson Group PLC now owns 5,533,288 shares of the company’s stock valued at $789,766,000 after purchasing an additional 700,465 shares during the period. Thrivent Financial for Lutherans raised its stake in shares of DoorDash by 5,396.1% during the third quarter. Thrivent Financial for Lutherans now owns 663,599 shares of the company’s stock valued at $94,716,000 after purchasing an additional 651,525 shares in the last quarter. Finally, Franklin Resources Inc. lifted its holdings in DoorDash by 15.2% in the third quarter. Franklin Resources Inc. now owns 3,800,396 shares of the company’s stock worth $570,135,000 after purchasing an additional 501,905 shares during the period. Institutional investors own 90.64% of the company’s stock.

DoorDash Stock Performance

DoorDash stock opened at $184.51 on Wednesday. DoorDash, Inc. has a 12 month low of $99.32 and a 12 month high of $185.38. The company’s fifty day simple moving average is $174.49 and its 200-day simple moving average is $149.86.

DoorDash (NASDAQ:DASH) last issued its earnings results on Wednesday, October 30th. The company reported $0.38 EPS 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 firm had revenue of $2.71 billion for the quarter, compared to the consensus estimate of $2.66 billion. During the same quarter in the previous year, the company posted ($0.19) earnings per share. The business’s quarterly revenue was up 25.0% compared to the same quarter last year. On average, analysts forecast that DoorDash, Inc. will post 0.29 EPS for the current year.

Insider Activity

In other news, Director Andy Fang sold 50,000 shares of the firm’s stock in a transaction on Monday, November 18th. The shares were sold at an average price of $172.67, for a total transaction of $8,633,500.00. Following the transaction, the director now owns 18,089 shares in the company, valued at approximately $3,123,427.63. This trade represents a 73.43 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Keith Yandell sold 7,980 shares of the company’s stock in a transaction on Wednesday, November 20th. The stock was sold at an average price of $169.98, for a total transaction of $1,356,440.40. Following the completion of the sale, the insider now owns 124,221 shares of the company’s stock, valued at $21,115,085.58. This represents a 6.04 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 1,040,758 shares of company stock worth $181,434,201 in the last three months. 7.92% of the stock is owned by insiders.

Analyst Ratings Changes

DASH has been the topic of several research analyst reports. JPMorgan Chase & Co. raised their target price on shares of DoorDash from $137.00 to $155.00 and gave the company a “neutral” rating in a research note on Thursday, October 31st. DA Davidson raised their price objective on shares of DoorDash from $119.00 to $150.00 and gave the company a “neutral” rating in a research note on Thursday, October 31st. Barclays upped their target price on DoorDash from $120.00 to $163.00 and gave the stock an “equal weight” rating in a research report on Friday, November 1st. BMO Capital Markets increased their price target on DoorDash from $140.00 to $180.00 and gave the company an “outperform” rating in a research note on Thursday, October 31st. Finally, Argus raised DoorDash from a “hold” rating to a “buy” rating in a research note on Friday, December 20th. Nine research analysts have rated the stock with a hold rating and twenty-five have assigned a buy rating to the company. According to MarketBeat, DoorDash presently has an average rating of “Moderate Buy” and a consensus target price of $178.18.

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.