Intech Investment Management LLC Has $3.32 Million Position in DoorDash, Inc. $DASH

Intech Investment Management LLC reduced its position in DoorDash, Inc. (NASDAQ:DASH) by 3.6% in the 2nd quarter, Holdings Channel reports. The institutional investor owned 13,466 shares of the company’s stock after selling 499 shares during the period. Intech Investment Management LLC’s holdings in DoorDash were worth $3,320,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Night Squared LP bought a new position in shares of DoorDash during the first quarter worth $2,780,000. Public Investment Fund boosted its position in DoorDash by 68.3% during the 1st quarter. Public Investment Fund now owns 821,389 shares of the company’s stock worth $150,125,000 after acquiring an additional 333,369 shares during the last quarter. Mutual of America Capital Management LLC bought a new position in DoorDash in the first quarter valued at $7,200,000. Ardmore Road Asset Management LP raised its holdings in DoorDash by 6.7% during the first quarter. Ardmore Road Asset Management LP now owns 80,000 shares of the company’s stock worth $14,622,000 after acquiring an additional 5,000 shares in the last quarter. Finally, Junto Capital Management LP bought a new stake in shares of DoorDash during the 1st quarter worth approximately $29,261,000. 90.64% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the company. Zacks Research downgraded DoorDash from a “strong-buy” rating to a “hold” rating in a research note on Monday, November 10th. Royal Bank Of Canada lowered their price objective on DoorDash from $300.00 to $270.00 and set an “outperform” rating on the stock in a research note on Thursday, November 6th. JMP Securities increased their price target on shares of DoorDash from $250.00 to $335.00 and gave the stock a “market outperform” rating in a research report on Thursday, August 7th. Stifel Nicolaus cut their price objective on DoorDash from $255.00 to $253.00 and set a “hold” rating on the stock in a report on Thursday, November 6th. Finally, DA Davidson reissued a “neutral” rating and issued a $260.00 price target on shares of DoorDash in a research note on Thursday, November 6th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-four have issued a Buy rating and eleven have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $279.00.

Insiders Place Their Bets

In other DoorDash news, Director Shona L. Brown sold 1,250 shares of the stock in a transaction that occurred on Thursday, October 9th. The stock was sold at an average price of $277.47, for a total value of $346,837.50. Following the completion of the sale, the director owned 37,252 shares in the company, valued at approximately $10,336,312.44. This trade represents a 3.25% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, COO Prabir Adarkar sold 24,968 shares of the firm’s stock in a transaction dated Tuesday, October 14th. The stock was sold at an average price of $272.32, for a total transaction of $6,799,285.76. Following the completion of the sale, the chief operating officer owned 909,579 shares of the company’s stock, valued at $247,696,553.28. This trade represents a 2.67% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 499,707 shares of company stock valued at $127,140,411 over the last 90 days. Company insiders own 5.83% of the company’s stock.

DoorDash Trading Up 0.7%

Shares of DASH stock opened at $212.08 on Wednesday. DoorDash, Inc. has a 12-month low of $155.40 and a 12-month high of $285.50. The company has a 50 day moving average of $252.45 and a 200-day moving average of $238.61. The firm has a market cap of $91.41 billion, a P/E ratio of 107.65 and a beta of 1.70. The company has a quick ratio of 2.04, a current ratio of 2.04 and a debt-to-equity ratio of 0.29.

DoorDash (NASDAQ:DASH) last issued its earnings results 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 business 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 period in the previous year, the firm earned $0.38 EPS. Sell-side analysts anticipate that DoorDash, Inc. will post 2.22 earnings per share for the current year.

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.