Envestnet Asset Management Inc. lifted its position in DoorDash, Inc. (NYSE:DASH – Get Rating) by 330.3% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 107,712 shares of the company’s stock after buying an additional 82,680 shares during the period. Envestnet Asset Management Inc.’s holdings in DoorDash were worth $6,912,000 as of its most recent SEC filing.
Other hedge funds have also added to or reduced their stakes in the company. IndexIQ Advisors LLC bought a new stake in shares of DoorDash in the first quarter worth about $32,000. CWM LLC increased its stake in DoorDash by 608.1% during the 1st quarter. CWM LLC now owns 439 shares of the company’s stock worth $51,000 after purchasing an additional 377 shares in the last quarter. Northwestern Mutual Wealth Management Co. increased its stake in DoorDash by 16,080.0% during the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 809 shares of the company’s stock worth $95,000 after purchasing an additional 804 shares in the last quarter. SCHRODERS IS Ltd acquired a new stake in DoorDash during the 2nd quarter worth approximately $57,000. Finally, US Bancorp DE lifted its stake in DoorDash by 204.6% in the first quarter. US Bancorp DE now owns 926 shares of the company’s stock valued at $109,000 after buying an additional 622 shares in the last quarter. Institutional investors and hedge funds own 80.51% of the company’s stock.
Insider Transactions at DoorDash
In related news, Director Shona L. Brown sold 1,250 shares of the company’s stock in a transaction dated Thursday, October 6th. The shares were sold at an average price of $53.27, for a total value of $66,587.50. Following the transaction, the director now owns 86,028 shares in the company, valued at approximately $4,582,711.56. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. In other news, General Counsel Tia Sherringham sold 9,757 shares of DoorDash stock in a transaction on Monday, August 22nd. The stock was sold at an average price of $63.79, for a total transaction of $622,399.03. Following the completion of the sale, the general counsel now owns 158,202 shares of the company’s stock, valued at $10,091,705.58. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Shona L. Brown sold 1,250 shares of the company’s stock in a transaction dated Thursday, October 6th. The shares were sold at an average price of $53.27, for a total transaction of $66,587.50. Following the completion of the transaction, the director now owns 86,028 shares in the company, valued at $4,582,711.56. The disclosure for this sale can be found here. In the last 90 days, insiders sold 127,224 shares of company stock worth $8,146,494. 12.10% of the stock is owned by insiders.
Analysts Set New Price Targets
DoorDash Stock Down 2.3 %
DASH opened at $53.25 on Thursday. DoorDash, Inc. has a 12-month low of $41.37 and a 12-month high of $257.25. The business has a 50 day moving average of $52.31 and a 200-day moving average of $64.35. The stock has a market cap of $20.56 billion, a price-to-earnings ratio of -22.00 and a beta of 1.04.
DoorDash (NYSE:DASH – Get Rating) last announced its quarterly earnings results on Thursday, November 3rd. The company reported ($0.77) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.60) by ($0.17). DoorDash had a negative net margin of 14.51% and a negative return on equity of 15.78%. The business had revenue of $1.70 billion for the quarter, compared to analyst estimates of $1.64 billion. As a group, analysts expect that DoorDash, Inc. will post -2.36 earnings per share for the current year.
DoorDash, Inc operates a logistics platform that connects merchants, consumers, and dashers in the United States and internationally. It operates DoorDash marketplace, which provides an array of services that enable merchants to solve mission-critical challenges, such as customer acquisition, delivery, insights and analytics, merchandising, payment processing, and customer support; and offers DoorDash Drive, a white-label logistics service; DoorDash Storefront that enables merchants to offer consumers on-demand access to e-commerce.
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