American Century Companies Inc. Buys 22,944 Shares of DoorDash, Inc. $DASH

American Century Companies Inc. increased its stake in shares of DoorDash, Inc. (NASDAQ:DASH) by 5.0% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 485,088 shares of the company’s stock after buying an additional 22,944 shares during the period. American Century Companies Inc. owned 0.11% of DoorDash worth $131,941,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also bought and sold shares of the company. Gilbert & Cook Inc. boosted its holdings in shares of DoorDash by 2.6% during the second quarter. Gilbert & Cook Inc. now owns 1,685 shares of the company’s stock worth $415,000 after acquiring an additional 42 shares during the period. Resonant Capital Advisors LLC increased its stake in shares of DoorDash by 3.5% during the third quarter. Resonant Capital Advisors LLC now owns 1,229 shares of the company’s stock worth $334,000 after purchasing an additional 42 shares during the period. Premier Path Wealth Partners LLC lifted its holdings in DoorDash by 1.9% during the 3rd quarter. Premier Path Wealth Partners LLC now owns 2,414 shares of the company’s stock worth $657,000 after purchasing an additional 45 shares during the last quarter. Advisory Resource Group boosted its stake in DoorDash by 0.8% in the 2nd quarter. Advisory Resource Group now owns 5,774 shares of the company’s stock valued at $1,423,000 after purchasing an additional 48 shares during the period. Finally, Quotient Wealth Partners LLC boosted its stake in DoorDash by 3.2% in the 3rd quarter. Quotient Wealth Partners LLC now owns 1,537 shares of the company’s stock valued at $418,000 after purchasing an additional 48 shares during the period. Institutional investors and hedge funds own 90.64% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have weighed in on DASH. Barclays lowered their price objective on DoorDash from $238.00 to $220.00 and set an “equal weight” rating on the stock in a research report on Thursday, February 19th. KeyCorp raised their price target on shares of DoorDash from $275.00 to $280.00 and gave the stock an “overweight” rating in a research report on Thursday, February 19th. Citizens Jmp dropped their price objective on shares of DoorDash from $285.00 to $250.00 and set a “market outperform” rating for the company in a research note on Friday, February 20th. UBS Group lowered their target price on shares of DoorDash from $245.00 to $240.00 and set a “neutral” rating on the stock in a report on Thursday, February 19th. Finally, The Goldman Sachs Group set a $267.00 price target on shares of DoorDash in a research report on Monday, February 2nd. One research analyst has rated the stock with a Strong Buy rating, twenty-six have given a Buy rating and nine have issued a Hold rating to the stock. Based on data from MarketBeat.com, DoorDash currently has an average rating of “Moderate Buy” and an average target price of $264.74.

DoorDash Stock Performance

NASDAQ:DASH opened at $176.47 on Monday. DoorDash, Inc. has a twelve month low of $155.40 and a twelve month high of $285.50. The company has a quick ratio of 1.41, a current ratio of 1.41 and a debt-to-equity ratio of 0.27. The stock’s 50-day simple moving average is $202.02 and its 200 day simple moving average is $227.78. The firm has a market capitalization of $76.66 billion, a PE ratio of 83.24 and a beta of 1.82.

DoorDash (NASDAQ:DASH) last posted its earnings results on Wednesday, February 18th. The company reported $0.48 EPS for the quarter, missing analysts’ consensus estimates of $0.58 by ($0.10). DoorDash had a return on equity of 10.15% and a net margin of 6.82%.The company had revenue of $3.96 billion during the quarter, compared to the consensus estimate of $3.98 billion. During the same period last year, the company posted $0.33 EPS. The firm’s revenue was up 37.7% compared to the same quarter last year. On average, analysts anticipate that DoorDash, Inc. will post 2.22 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, Director Andy Fang sold 30,000 shares of the stock in a transaction on Friday, January 2nd. The stock was sold at an average price of $222.52, for a total value of $6,675,600.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Ravi Inukonda sold 1,425 shares of the firm’s stock in a transaction on Friday, December 19th. The shares were sold at an average price of $231.97, for a total value of $330,557.25. Following the sale, the chief financial officer directly owned 184,037 shares in the company, valued at approximately $42,691,062.89. This trade represents a 0.77% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 220,826 shares of company stock worth $48,944,946 over the last 90 days. Insiders own 5.83% of the company’s stock.

DoorDash Profile

DoorDash, Inc operates a technology-driven logistics and food-delivery marketplace that connects consumers, merchants and independent delivery contractors. The company’s core service enables customers to order from local restaurants and retailers through its app and website while DoorDash handles last-mile fulfillment via its network of drivers, known as “Dashers.” Over time the platform has broadened beyond restaurant deliveries to include groceries, convenience items and retail deliveries, positioning DoorDash as a broader on-demand logistics provider for consumer goods.

In addition to its marketplace, DoorDash offers a suite of products and services for consumers and businesses.