American Century Companies Inc. Has $113.92 Million Holdings in DoorDash, Inc. $DASH

American Century Companies Inc. decreased its holdings in DoorDash, Inc. (NASDAQ:DASH) by 28.9% during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 462,144 shares of the company’s stock after selling 188,257 shares during the quarter. American Century Companies Inc. owned 0.11% of DoorDash worth $113,924,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. GFG Capital LLC bought a new position in shares of DoorDash in the second quarter valued at approximately $30,000. Saudi Central Bank purchased a new stake in DoorDash in the 1st quarter valued at $25,000. WPG Advisers LLC bought a new position in DoorDash during the 1st quarter valued at $26,000. Pacific Center for Financial Services bought a new position in shares of DoorDash during the first quarter valued at about $27,000. Finally, Harbour Investments Inc. lifted its position in shares of DoorDash by 55.6% during the 1st quarter. Harbour Investments Inc. now owns 196 shares of the company’s stock worth $36,000 after buying an additional 70 shares in the last quarter. 90.64% of the stock is owned by institutional investors.

DoorDash Price Performance

DASH opened at $188.08 on Tuesday. The company’s 50-day simple moving average is $247.13 and its two-hundred day simple moving average is $238.69. The company has a debt-to-equity ratio of 0.29, a quick ratio of 2.04 and a current ratio of 2.04. The stock has a market capitalization of $81.06 billion, a P/E ratio of 95.47 and a beta of 1.70. DoorDash, Inc. has a 52-week low of $155.40 and a 52-week high of $285.50.

DoorDash (NASDAQ:DASH) last released its quarterly earnings data on Wednesday, November 5th. The company reported $0.55 earnings per share for the quarter, missing the consensus estimate of $0.68 by ($0.13). The company had revenue of $3.45 billion for the quarter, compared to analysts’ expectations of $3.35 billion. DoorDash had a net margin of 6.83% and a return on equity of 9.97%. The firm’s revenue for the quarter was up 27.3% on a year-over-year basis. During the same period in the previous year, the firm earned $0.38 earnings per share. As a group, analysts predict that DoorDash, Inc. will post 2.22 EPS for the current year.

Analysts Set New Price Targets

A number of research analysts have recently commented on the company. Oppenheimer reaffirmed an “outperform” rating and set a $280.00 price target on shares of DoorDash in a research report on Thursday, November 6th. Morgan Stanley upped their target price on DoorDash from $300.00 to $330.00 and gave the stock an “overweight” rating in a research note on Monday, October 20th. The Goldman Sachs Group cut their target price on shares of DoorDash from $315.00 to $279.00 and set a “buy” rating on the stock in a report on Friday, November 7th. Barclays dropped their price objective on DoorDash from $272.00 to $238.00 and set an “equal weight” rating for the company in a report on Thursday, November 6th. Finally, Benchmark raised their target price on shares of DoorDash from $315.00 to $320.00 and gave the stock a “buy” rating in a research report on Tuesday, November 4th. One investment analyst has rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating and ten have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, DoorDash presently has a consensus rating of “Moderate Buy” and a consensus target price of $275.62.

Insider Transactions at DoorDash

In related news, CEO Tony Xu sold 288,410 shares of DoorDash stock in a transaction on Thursday, November 20th. The stock was sold at an average price of $196.04, for a total value of $56,539,896.40. Following the completion of the sale, the chief executive officer owned 232,040 shares of the company’s stock, valued at $45,489,121.60. The trade was a 55.42% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Stanley Tang sold 45,410 shares of the stock in a transaction dated Wednesday, October 1st. The shares were sold at an average price of $268.23, for a total value of $12,180,324.30. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 732,345 shares of company stock valued at $169,950,987. Corporate insiders own 5.83% of the company’s stock.

About DoorDash

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.