Northern Trust Corp Raises Stake in DoorDash, Inc. (NASDAQ:DASH)

Northern Trust Corp lifted its position in shares of DoorDash, Inc. (NASDAQ:DASHFree Report) by 0.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,842,042 shares of the company’s stock after buying an additional 11,412 shares during the quarter. Northern Trust Corp owned approximately 0.46% of DoorDash worth $182,160,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. SJS Investment Consulting Inc. grew its holdings in DoorDash by 26.9% in the fourth quarter. SJS Investment Consulting Inc. now owns 462 shares of the company’s stock valued at $46,000 after purchasing an additional 98 shares during the period. Westside Investment Management Inc. grew its holdings in DoorDash by 18.2% in the fourth quarter. Westside Investment Management Inc. now owns 650 shares of the company’s stock valued at $64,000 after purchasing an additional 100 shares during the period. Hillsdale Investment Management Inc. grew its holdings in DoorDash by 1.6% in the fourth quarter. Hillsdale Investment Management Inc. now owns 6,540 shares of the company’s stock valued at $647,000 after purchasing an additional 100 shares during the period. Signaturefd LLC grew its holdings in DoorDash by 3.3% in the fourth quarter. Signaturefd LLC now owns 3,824 shares of the company’s stock valued at $378,000 after purchasing an additional 121 shares during the period. Finally, Commerce Bank grew its holdings in DoorDash by 3.4% in the fourth quarter. Commerce Bank now owns 5,073 shares of the company’s stock valued at $502,000 after purchasing an additional 166 shares during the period. 90.64% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the stock. JMP Securities lowered their target price on shares of DoorDash from $160.00 to $140.00 and set a “market outperform” rating for the company in a report on Thursday, May 2nd. Piper Sandler upgraded shares of DoorDash from an “underweight” rating to a “neutral” rating and boosted their price objective for the stock from $53.00 to $127.00 in a research note on Friday, March 15th. The Goldman Sachs Group boosted their price objective on shares of DoorDash from $109.00 to $122.00 and gave the stock a “neutral” rating in a research note on Friday, February 16th. Loop Capital began coverage on shares of DoorDash in a research note on Friday, April 19th. They set a “buy” rating and a $170.00 price objective for the company. Finally, Truist Financial decreased their price objective on shares of DoorDash from $155.00 to $145.00 and set a “buy” rating for the company in a research note on Thursday, May 2nd. Nine investment analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $132.28.

Read Our Latest Stock Report on DoorDash

DoorDash Price Performance

DASH stock opened at $113.27 on Monday. DoorDash, Inc. has a 1-year low of $69.00 and a 1-year high of $143.34. The firm has a fifty day moving average price of $122.65 and a two-hundred day moving average price of $115.77. The firm has a market cap of $46.32 billion, a price-to-earnings ratio of -104.88, a PEG ratio of 28.64 and a beta of 1.69.

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

Insider Buying and Selling at DoorDash

In other DoorDash news, insider Keith Yandell sold 12,088 shares of the business’s stock in a transaction on Wednesday, June 5th. The shares were sold at an average price of $111.84, for a total transaction of $1,351,921.92. Following the completion of the sale, the insider now owns 161,651 shares in the company, valued at $18,079,047.84. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other news, CEO Tony Xu sold 132,300 shares of the company’s stock in a transaction dated Thursday, March 14th. The shares were sold at an average price of $131.96, for a total transaction of $17,458,308.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Keith Yandell sold 12,088 shares of the company’s stock in a transaction dated Wednesday, June 5th. The stock was sold at an average price of $111.84, for a total transaction of $1,351,921.92. Following the transaction, the insider now owns 161,651 shares of the company’s stock, valued at approximately $18,079,047.84. The disclosure for this sale can be found here. Insiders sold a total of 449,323 shares of company stock worth $59,674,859 over the last 90 days. Insiders own 7.92% of the company’s stock.

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.

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Institutional Ownership by Quarter for DoorDash (NASDAQ:DASH)

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