Los Angeles Capital Management LLC reduced its holdings in DoorDash, Inc. (NASDAQ:DASH – Free Report) by 45.3% during the 4th quarter, Holdings Channel reports. The fund owned 53,767 shares of the company’s stock after selling 44,446 shares during the period. Los Angeles Capital Management LLC’s holdings in DoorDash were worth $12,177,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other large investors have also made changes to their positions in DASH. American Century Companies Inc. raised its position in shares of DoorDash by 5.0% in the third quarter. American Century Companies Inc. now owns 485,088 shares of the company’s stock valued at $131,941,000 after buying an additional 22,944 shares during the last quarter. Caprock Group LLC acquired a new stake in shares of DoorDash in the third quarter valued at about $3,169,000. Vaughan Nelson Investment Management L.P. acquired a new stake in shares of DoorDash in the fourth quarter valued at about $41,712,000. Intech Investment Management LLC raised its position in shares of DoorDash by 707.8% in the fourth quarter. Intech Investment Management LLC now owns 253,348 shares of the company’s stock valued at $57,378,000 after buying an additional 221,985 shares during the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. raised its position in shares of DoorDash by 7.1% in the third quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 806,191 shares of the company’s stock valued at $219,276,000 after buying an additional 53,722 shares during the last quarter. 90.64% of the stock is owned by hedge funds and other institutional investors.
DoorDash Price Performance
DoorDash stock opened at $156.80 on Monday. DoorDash, Inc. has a 12-month low of $143.30 and a 12-month high of $285.50. The stock has a market cap of $68.32 billion, a P/E ratio of 74.67 and a beta of 1.83. The company has a 50-day moving average price of $162.40 and a 200 day moving average price of $185.67. The company has a current ratio of 1.43, a quick ratio of 1.43 and a debt-to-equity ratio of 0.27.
Analysts Set New Price Targets
A number of equities research analysts have recently commented on the stock. The Goldman Sachs Group set a $280.00 target price on shares of DoorDash in a research report on Thursday, May 7th. Truist Financial reduced their target price on shares of DoorDash from $340.00 to $330.00 and set a “buy” rating for the company in a research report on Thursday, May 7th. Citizens Jmp reduced their target price on shares of DoorDash from $285.00 to $250.00 and set a “market outperform” rating for the company in a research report on Friday, February 20th. Needham & Company LLC reiterated a “buy” rating and issued a $265.00 target price on shares of DoorDash in a research report on Thursday, May 7th. Finally, Rothschild & Co Redburn set a $350.00 target price on shares of DoorDash in a research report on Tuesday, May 12th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-five have given a Buy rating and nine have issued a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $259.58.
View Our Latest Research Report on DoorDash
Insider Activity
In related news, COO Prabir Adarkar sold 21,739 shares of the firm’s stock in a transaction dated Tuesday, May 26th. The shares were sold at an average price of $155.25, for a total transaction of $3,374,979.75. Following the completion of the sale, the chief operating officer directly owned 959,076 shares in the company, valued at approximately $148,896,549. This trade represents a 2.22% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, General Counsel Tia Sherringham sold 2,743 shares of the firm’s stock in a transaction dated Friday, May 22nd. The stock was sold at an average price of $160.79, for a total transaction of $441,046.97. Following the sale, the general counsel owned 128,216 shares of the company’s stock, valued at approximately $20,615,850.64. The trade was a 2.09% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 68,558 shares of company stock valued at $10,914,640 in the last ninety days. 5.83% of the stock is currently owned by company insiders.
DoorDash Company Profile
DoorDash, Inc operates a technology-driven logistics and food-delivery marketplace that connects consumers, merchants and independent delivery contractors. The company’s core service enables customers to order from local restaurants and retailers through its app and website while DoorDash handles last-mile fulfillment via its network of drivers, known as “Dashers.” Over time the platform has broadened beyond restaurant deliveries to include groceries, convenience items and retail deliveries, positioning DoorDash as a broader on-demand logistics provider for consumer goods.
In addition to its marketplace, DoorDash offers a suite of products and services for consumers and businesses.
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