3,365 Shares in DoorDash, Inc. $DASH Purchased by Summit Global Investments

Summit Global Investments purchased a new position in shares of DoorDash, Inc. (NASDAQ:DASH) during the second quarter, HoldingsChannel reports. The firm purchased 3,365 shares of the company’s stock, valued at approximately $830,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. boosted its position in DoorDash by 4.6% during the second quarter. Vanguard Group Inc. now owns 41,190,085 shares of the company’s stock worth $10,153,768,000 after purchasing an additional 1,792,799 shares in the last quarter. Geode Capital Management LLC raised its position in shares of DoorDash by 2.9% during the 2nd quarter. Geode Capital Management LLC now owns 7,951,230 shares of the company’s stock worth $1,950,711,000 after purchasing an additional 223,188 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its position in shares of DoorDash by 15.0% in the first quarter. Price T Rowe Associates Inc. MD now owns 4,907,970 shares of the company’s stock valued at $897,031,000 after acquiring an additional 641,601 shares in the last quarter. Invesco Ltd. boosted its stake in shares of DoorDash by 41.9% during the 1st quarter. Invesco Ltd. now owns 4,799,851 shares of the company’s stock worth $877,269,000 after purchasing an additional 1,416,194 shares during the last quarter. Finally, Northern Trust Corp raised its holdings in DoorDash by 38.2% in the 1st quarter. Northern Trust Corp now owns 3,309,237 shares of the company’s stock valued at $604,829,000 after acquiring an additional 915,512 shares during the last quarter. Institutional investors and hedge funds own 90.64% of the company’s stock.

Insiders Place Their Bets

In other news, Director Andy Fang sold 30,000 shares of DoorDash stock in a transaction that occurred on Monday, November 3rd. The shares were sold at an average price of $244.39, for a total transaction of $7,331,700.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Stanley Tang sold 45,410 shares of the company’s stock in a transaction dated Monday, November 3rd. The shares were sold at an average price of $244.39, for a total value of $11,097,749.90. The SEC filing for this sale provides additional information. Insiders have sold 732,345 shares of company stock worth $169,950,987 in the last quarter. 5.83% of the stock is owned by corporate insiders.

DoorDash Stock Performance

Shares of DASH stock opened at $188.08 on Tuesday. The company has a debt-to-equity ratio of 0.29, a current ratio of 2.04 and a quick ratio of 2.04. The firm has a market cap of $81.06 billion, a P/E ratio of 95.47 and a beta of 1.70. The stock’s 50-day moving average is $247.13 and its two-hundred day moving average is $238.69. DoorDash, Inc. has a fifty-two week low of $155.40 and a fifty-two week high of $285.50.

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

Analysts Set New Price Targets

DASH has been the subject of a number of research analyst reports. Zacks Research lowered DoorDash from a “strong-buy” rating to a “hold” rating in a research report on Monday, November 10th. BMO Capital Markets upped their target price on shares of DoorDash from $238.00 to $288.00 and gave the company an “outperform” rating in a research note on Thursday, August 7th. Royal Bank Of Canada dropped their price objective on DoorDash from $300.00 to $270.00 and set an “outperform” rating on the stock in a report on Thursday, November 6th. Wells Fargo & Company decreased their price target on DoorDash from $301.00 to $239.00 and set an “equal weight” rating for the company in a research note on Thursday, November 6th. Finally, Needham & Company LLC dropped their target price on shares of DoorDash from $300.00 to $275.00 and set a “buy” rating on the stock in a report on Friday, November 14th. One analyst has rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating and ten have issued a Hold rating to the stock. According to MarketBeat.com, DoorDash has an average rating of “Moderate Buy” and an average target price of $275.62.

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.