Intech Investment Management LLC Has $1.89 Million Stake in DoorDash, Inc. (NASDAQ:DASH)

Intech Investment Management LLC raised its holdings in DoorDash, Inc. (NASDAQ:DASH) by 23.1% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 17,414 shares of the company’s stock after buying an additional 3,265 shares during the period. Intech Investment Management LLC’s holdings in DoorDash were worth $1,894,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Vanguard Group Inc. boosted its holdings in shares of DoorDash by 8.4% in the 4th quarter. Vanguard Group Inc. now owns 29,303,496 shares of the company’s stock valued at $2,897,823,000 after buying an additional 2,259,976 shares during the last quarter. Baillie Gifford & Co. grew its position in shares of DoorDash by 0.8% in the 2nd quarter. Baillie Gifford & Co. now owns 12,497,488 shares of the company’s stock valued at $1,359,477,000 after acquiring an additional 94,241 shares during the period. Capital World Investors grew its position in shares of DoorDash by 0.8% in the 1st quarter. Capital World Investors now owns 9,470,247 shares of the company’s stock valued at $1,304,242,000 after acquiring an additional 74,504 shares during the period. Price T Rowe Associates Inc. MD increased its stake in shares of DoorDash by 4.6% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 5,469,647 shares of the company’s stock worth $753,281,000 after purchasing an additional 242,956 shares during the last quarter. Finally, Janus Henderson Group PLC raised its holdings in shares of DoorDash by 11,416.7% in the 1st quarter. Janus Henderson Group PLC now owns 3,455,116 shares of the company’s stock valued at $475,837,000 after purchasing an additional 3,425,115 shares during the period. 90.64% of the stock is owned by institutional investors.

Insider Buying and Selling at DoorDash

In other news, Director Andy Fang sold 50,000 shares of the firm’s stock in a transaction that occurred on Thursday, September 12th. The shares were sold at an average price of $130.20, for a total value of $6,510,000.00. Following the sale, the director now directly owns 18,089 shares in the company, valued at approximately $2,355,187.80. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In related news, Director Andy Fang sold 50,000 shares of the firm’s stock in a transaction on Thursday, September 12th. The stock was sold at an average price of $130.20, for a total transaction of $6,510,000.00. Following the sale, the director now owns 18,089 shares of the company’s stock, valued at approximately $2,355,187.80. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Ravi Inukonda sold 7,000 shares of the company’s stock in a transaction dated Friday, August 30th. The stock was sold at an average price of $127.86, for a total value of $895,020.00. Following the completion of the transaction, the chief financial officer now directly owns 396,152 shares of the company’s stock, valued at approximately $50,651,994.72. The disclosure for this sale can be found here. Insiders have sold a total of 303,057 shares of company stock worth $34,570,133 over the last 90 days. Insiders own 7.92% of the company’s stock.

DoorDash Trading Down 0.2 %

Shares of DoorDash stock opened at $139.51 on Tuesday. The company has a market cap of $57.05 billion, a PE ratio of -129.18, a price-to-earnings-growth ratio of 275.59 and a beta of 1.69. The company has a 50 day moving average of $122.05 and a 200-day moving average of $121.48. DoorDash, Inc. has a 1-year low of $69.90 and a 1-year high of $143.34.

DoorDash (NASDAQ:DASH) last issued its earnings results on Thursday, August 1st. The company reported ($0.38) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.09) by ($0.29). DoorDash had a negative net margin of 4.24% and a negative return on equity of 5.91%. The business had revenue of $2.63 billion during the quarter, compared to analyst estimates of $2.54 billion. During the same period in the prior year, the business posted ($0.44) EPS. The company’s revenue for the quarter was up 23.3% compared to the same quarter last year. Research analysts forecast that DoorDash, Inc. will post 0.01 earnings per share for the current year.

Analyst Ratings Changes

A number of equities analysts have weighed in on DASH shares. Wells Fargo & Company boosted their price target on DoorDash from $125.00 to $127.00 and gave the stock an “equal weight” rating in a research report on Friday, August 2nd. Redburn Atlantic started coverage on DoorDash in a report on Friday, July 26th. They set a “buy” rating and a $170.00 price target for the company. Piper Sandler reiterated a “neutral” rating and issued a $125.00 price objective (up from $115.00) on shares of DoorDash in a report on Friday, August 2nd. Wolfe Research started coverage on shares of DoorDash in a research note on Tuesday, July 16th. They set an “outperform” rating and a $130.00 target price for the company. Finally, UBS Group lifted their target price on shares of DoorDash from $125.00 to $143.00 and gave the stock a “neutral” rating in a report on Friday, August 2nd. Eleven investment analysts have rated the stock with a hold rating and twenty have issued a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $143.00.

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.