XTX Topco Ltd Buys 19,604 Shares of DoorDash, Inc. (NASDAQ:DASH)

XTX Topco Ltd boosted its holdings in shares of DoorDash, Inc. (NASDAQ:DASH) by 156.2% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 32,154 shares of the company’s stock after buying an additional 19,604 shares during the period. XTX Topco Ltd’s holdings in DoorDash were worth $3,498,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Janus Henderson Group PLC lifted its stake 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 acquiring an additional 3,425,115 shares during the last quarter. Norges Bank bought a new stake in DoorDash during the fourth quarter worth about $264,806,000. Vanguard Group Inc. grew its stake 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 worth $2,897,823,000 after buying an additional 2,259,976 shares during the last quarter. Franklin Resources Inc. grew its stake in shares of DoorDash by 294.5% in the fourth quarter. Franklin Resources Inc. now owns 1,607,776 shares of the company’s stock worth $158,993,000 after acquiring an additional 1,200,181 shares during the last quarter. Finally, First Trust Advisors LP increased its stake in DoorDash by 45.6% during the 4th quarter. First Trust Advisors LP now owns 3,079,083 shares of the company’s stock valued at $304,490,000 after purchasing an additional 964,860 shares in the last quarter. Hedge funds and other institutional investors own 90.64% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the company. Evercore ISI boosted their target price on DoorDash from $145.00 to $155.00 and gave the stock an “outperform” rating in a research report on Friday, August 2nd. Argus started coverage on DoorDash in a research note on Tuesday, July 23rd. They set a “hold” rating on the stock. Roth Mkm raised their price objective on DoorDash from $118.00 to $124.00 and gave the company a “neutral” rating in a research report on Monday, August 5th. Oppenheimer upped their price target on shares of DoorDash from $125.00 to $145.00 and gave the company an “outperform” rating in a research note on Friday, August 2nd. Finally, Morgan Stanley raised their price objective on DoorDash from $145.00 to $150.00 and gave the company an “overweight” rating in a research note on Friday, August 2nd. Eleven equities research analysts have rated the stock with a hold rating and nineteen have given a buy rating to the stock. According to data from MarketBeat.com, DoorDash has an average rating of “Moderate Buy” and an average target price of $142.57.

Insider Activity

In related news, Director Shona L. Brown sold 1,712 shares of the stock in a transaction that occurred on Tuesday, June 25th. The shares were sold at an average price of $110.97, for a total value of $189,980.64. Following the completion of the transaction, the director now directly owns 70,191 shares of the company’s stock, valued at approximately $7,789,095.27. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, CFO Ravi Inukonda sold 7,000 shares of the company’s stock in a transaction on Friday, June 28th. The shares were sold at an average price of $109.30, for a total value of $765,100.00. Following the sale, the chief financial officer now directly owns 424,223 shares of the company’s stock, valued at approximately $46,367,573.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Shona L. Brown sold 1,712 shares of the business’s stock in a transaction on Tuesday, June 25th. The shares were sold at an average price of $110.97, for a total transaction of $189,980.64. Following the transaction, the director now owns 70,191 shares of the company’s stock, valued at $7,789,095.27. The disclosure for this sale can be found here. In the last quarter, insiders sold 304,769 shares of company stock worth $34,760,113. Insiders own 7.92% of the company’s stock.

DoorDash Trading Up 2.0 %

Shares of NASDAQ:DASH opened at $132.48 on Thursday. The business’s fifty day simple moving average is $119.51 and its 200-day simple moving average is $121.34. DoorDash, Inc. has a 12-month low of $69.90 and a 12-month high of $143.34. The company has a market capitalization of $54.17 billion, a PE ratio of -122.67, a P/E/G ratio of 275.59 and a beta of 1.69.

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

DoorDash Company 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.