Dimensional Fund Advisors LP Has $150.27 Million Position in DoorDash, Inc. $DASH

Dimensional Fund Advisors LP raised its stake in DoorDash, Inc. (NASDAQ:DASH) by 11.9% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 822,185 shares of the company’s stock after buying an additional 87,272 shares during the quarter. Dimensional Fund Advisors LP’s holdings in DoorDash were worth $150,270,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Harbour Investments Inc. grew its holdings in shares of DoorDash by 55.6% during the 1st quarter. Harbour Investments Inc. now owns 196 shares of the company’s stock valued at $36,000 after acquiring an additional 70 shares in the last quarter. SouthState Corp boosted its position in DoorDash by 762.5% during the first quarter. SouthState Corp now owns 207 shares of the company’s stock valued at $38,000 after purchasing an additional 183 shares during the last quarter. ORG Partners LLC grew its stake in DoorDash by 404.0% in the first quarter. ORG Partners LLC now owns 252 shares of the company’s stock valued at $46,000 after purchasing an additional 202 shares in the last quarter. Rothschild Investment LLC increased its position in DoorDash by 1,452.9% in the 1st quarter. Rothschild Investment LLC now owns 264 shares of the company’s stock worth $48,000 after purchasing an additional 247 shares during the last quarter. Finally, Mizuho Securities Co. Ltd. increased its position in DoorDash by 150.0% in the 1st quarter. Mizuho Securities Co. Ltd. now owns 300 shares of the company’s stock worth $55,000 after purchasing an additional 180 shares during the last quarter. Hedge funds and other institutional investors own 90.64% of the company’s stock.

Insiders Place Their Bets

In related news, CEO Tony Xu sold 51,250 shares of the business’s stock in a transaction dated Monday, August 11th. The stock was sold at an average price of $255.89, for a total transaction of $13,114,362.50. Following the completion of the transaction, the chief executive officer owned 520,450 shares of the company’s stock, valued at approximately $133,177,950.50. The trade was a 8.96% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Andy Fang sold 50,000 shares of the stock in a transaction that occurred on Thursday, August 7th. The shares were sold at an average price of $275.74, for a total value of $13,787,000.00. Following the sale, the director owned 22,545 shares of the company’s stock, valued at approximately $6,216,558.30. The trade was a 68.92% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 688,999 shares of company stock valued at $163,218,226. Company insiders own 5.83% of the company’s stock.

Analyst Ratings Changes

DASH has been the subject of several recent research reports. Stifel Nicolaus boosted their price target on DoorDash from $214.00 to $239.00 and gave the company a “hold” rating in a research note on Thursday, August 7th. Loop Capital reissued a “buy” rating on shares of DoorDash in a research report on Tuesday, July 15th. Royal Bank Of Canada increased their price target on shares of DoorDash from $230.00 to $300.00 and gave the stock an “outperform” rating in a research note on Thursday, August 7th. Zacks Research raised shares of DoorDash to a “hold” rating in a research note on Tuesday, August 12th. Finally, Needham & Company LLC set a $300.00 price objective on shares of DoorDash and gave the stock a “buy” rating in a report on Thursday, August 7th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating and thirteen have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $263.88.

DoorDash Price Performance

NASDAQ DASH opened at $243.82 on Thursday. DoorDash, Inc. has a 1 year low of $122.32 and a 1 year high of $278.15. The company has a fifty day simple moving average of $241.79 and a 200 day simple moving average of $210.18. The company has a current ratio of 2.07, a quick ratio of 2.07 and a debt-to-equity ratio of 0.30. The company has a market cap of $104.16 billion, a P/E ratio of 135.46 and a beta of 1.70.

DoorDash (NASDAQ:DASH) last announced its earnings results on Wednesday, August 6th. The company reported $0.65 EPS for the quarter, topping the consensus estimate of $0.42 by $0.23. The firm had revenue of $3.28 billion for the quarter, compared to the consensus estimate of $3.16 billion. DoorDash had a net margin of 6.57% and a return on equity of 9.56%. The business’s quarterly revenue was up 24.9% on a year-over-year basis. During the same quarter last year, the firm posted ($0.38) EPS. On average, sell-side analysts predict that DoorDash, Inc. will post 2.22 EPS for the current year.

About DoorDash

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.