Tower Research Capital LLC TRC Has $2.47 Million Stake in DoorDash, Inc. (NASDAQ:DASH)

Tower Research Capital LLC TRC increased its stake in shares of DoorDash, Inc. (NASDAQ:DASHFree Report) by 620.4% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 25,011 shares of the company’s stock after acquiring an additional 21,539 shares during the period. Tower Research Capital LLC TRC’s holdings in DoorDash were worth $2,473,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in the stock. Vanguard Group Inc. increased its holdings in shares of DoorDash by 3.0% during the 3rd quarter. Vanguard Group Inc. now owns 27,043,520 shares of the company’s stock valued at $2,149,149,000 after acquiring an additional 781,861 shares during the last quarter. Baillie Gifford & Co. grew its holdings in DoorDash by 6.4% in the 4th quarter. Baillie Gifford & Co. now owns 12,775,622 shares of the company’s stock valued at $1,263,381,000 after buying an additional 772,977 shares during the last quarter. Capital World Investors grew its holdings in DoorDash by 0.6% in the 4th quarter. Capital World Investors now owns 9,395,743 shares of the company’s stock valued at $929,145,000 after buying an additional 60,033 shares during the last quarter. First Trust Advisors LP grew its holdings in DoorDash by 45.6% in the 4th quarter. First Trust Advisors LP now owns 3,079,083 shares of the company’s stock valued at $304,490,000 after buying an additional 964,860 shares during the last quarter. Finally, Norges Bank acquired a new stake in DoorDash in the 4th quarter valued at approximately $264,806,000. Institutional investors and hedge funds own 90.64% of the company’s stock.

DoorDash Stock Performance

Shares of DASH opened at $113.27 on Friday. The stock has a fifty day moving average price of $122.65 and a two-hundred day moving average price of $115.48. DoorDash, Inc. has a 52-week low of $69.00 and a 52-week high of $143.34. The company has a market cap of $46.32 billion, a price-to-earnings ratio of -104.88, a PEG ratio of 28.84 and a beta of 1.69.

DoorDash (NASDAQ:DASHGet Free Report) last issued its quarterly earnings data on Wednesday, May 1st. The company reported ($0.06) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.07) by $0.01. The firm had revenue of $2.51 billion during the quarter, compared to the consensus estimate of $2.45 billion. DoorDash had a negative return on equity of 6.28% and a negative net margin of 4.61%. The business’s revenue for the quarter was up 23.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($0.41) EPS. As a group, research analysts predict that DoorDash, Inc. will post 0.11 EPS for the current fiscal year.

Insider Activity

In other news, insider Keith Yandell sold 12,088 shares of DoorDash stock in a transaction on Wednesday, June 5th. The stock was sold at an average price of $111.84, for a total value of $1,351,921.92. Following the completion of the sale, the insider now directly owns 161,651 shares of the company’s stock, valued at approximately $18,079,047.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, insider Keith Yandell sold 12,088 shares of DoorDash stock in a transaction on Wednesday, June 5th. The stock was sold at an average price of $111.84, for a total value of $1,351,921.92. Following the completion of the sale, the insider now directly owns 161,651 shares of the company’s stock, valued at approximately $18,079,047.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Tony Xu sold 132,300 shares of DoorDash stock in a transaction on Thursday, March 14th. The shares were sold at an average price of $131.96, for a total value of $17,458,308.00. The disclosure for this sale can be found here. In the last ninety days, insiders sold 449,323 shares of company stock valued at $59,674,859. Company insiders own 7.92% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have issued reports on DASH shares. Oppenheimer raised their target price on DoorDash from $140.00 to $150.00 and gave the company an “outperform” rating in a report on Monday, April 29th. Piper Sandler raised DoorDash from an “underweight” rating to a “neutral” rating and raised their target price for the company from $53.00 to $127.00 in a report on Friday, March 15th. Loop Capital started coverage on DoorDash in a report on Friday, April 19th. They issued a “buy” rating and a $170.00 target price on the stock. Benchmark lowered their target price on DoorDash from $165.00 to $150.00 and set a “buy” rating on the stock in a report on Thursday, May 2nd. Finally, Mizuho raised their price objective on DoorDash from $140.00 to $152.00 and gave the stock a “buy” rating in a research report on Friday, February 16th. Nine analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $132.28.

Check Out Our Latest Stock Report on DoorDash

DoorDash Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for DoorDash (NASDAQ:DASH)

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