Winslow Capital Management LLC Increases Stock Position in DoorDash, Inc. $DASH

Winslow Capital Management LLC increased its holdings in shares of DoorDash, Inc. (NASDAQ:DASH) by 0.3% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,820,877 shares of the company’s stock after acquiring an additional 6,272 shares during the period. DoorDash makes up 1.5% of Winslow Capital Management LLC’s investment portfolio, making the stock its 21st largest holding. Winslow Capital Management LLC owned about 0.43% of DoorDash worth $448,864,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Saudi Central Bank bought a new stake in shares of DoorDash in the 1st quarter worth approximately $25,000. WPG Advisers LLC purchased a new stake in shares of DoorDash in the first quarter worth $26,000. Pacific Center for Financial Services bought a new position in shares of DoorDash during the first quarter valued at $27,000. GFG Capital LLC purchased a new position in shares of DoorDash in the 2nd quarter worth about $30,000. Finally, Harbour Investments Inc. boosted its stake in DoorDash by 55.6% in the 1st quarter. Harbour Investments Inc. now owns 196 shares of the company’s stock worth $36,000 after purchasing an additional 70 shares in the last quarter. Institutional investors own 90.64% of the company’s stock.

Insiders Place Their Bets

In related news, Director Stanley Tang sold 45,410 shares of the business’s stock in a transaction that occurred on Wednesday, October 1st. The stock was sold at an average price of $268.23, for a total value of $12,180,324.30. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Andy Fang sold 30,000 shares of the company’s stock in a transaction that occurred on Wednesday, October 1st. The stock was sold at an average price of $268.20, for a total value of $8,046,000.00. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 679,563 shares of company stock valued at $152,902,593. Insiders own 5.83% of the company’s stock.

DoorDash Trading Up 1.7%

NASDAQ:DASH opened at $225.00 on Monday. The business has a fifty day moving average price of $237.29 and a 200-day moving average price of $239.36. The company has a debt-to-equity ratio of 0.29, a current ratio of 2.04 and a quick ratio of 2.04. DoorDash, Inc. has a one year low of $155.40 and a one year high of $285.50. The firm has a market capitalization of $96.98 billion, a price-to-earnings ratio of 114.21 and a beta of 1.72.

DoorDash (NASDAQ:DASH) last announced its quarterly earnings data on Wednesday, November 5th. The company reported $0.55 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.68 by ($0.13). The company had revenue of $3.45 billion for the quarter, compared to the consensus estimate of $3.35 billion. DoorDash had a net margin of 6.83% and a return on equity of 9.97%. The company’s revenue was up 27.3% compared to the same quarter last year. During the same quarter last year, the firm posted $0.38 earnings per share. Sell-side analysts forecast that DoorDash, Inc. will post 2.22 EPS for the current year.

Wall Street Analyst Weigh In

A number of analysts have weighed in on DASH shares. Benchmark raised their price objective on shares of DoorDash from $315.00 to $320.00 and gave the company a “buy” rating in a research note on Tuesday, November 4th. Wedbush upgraded shares of DoorDash from a “neutral” rating to an “outperform” rating and increased their price target for the company from $160.00 to $260.00 in a report on Thursday, November 13th. Oppenheimer restated an “outperform” rating and issued a $280.00 price objective on shares of DoorDash in a report on Thursday, November 6th. Zacks Research cut DoorDash from a “strong-buy” rating to a “hold” rating in a research report on Monday, November 10th. Finally, Bank of America reduced their target price on DoorDash from $325.00 to $305.00 and set a “buy” rating for the company in a report on Thursday, November 6th. One analyst has rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating and ten have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $275.62.

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.