DoorDash, Inc. $DASH Shares Acquired by Robeco Institutional Asset Management B.V.

Robeco Institutional Asset Management B.V. raised its stake in shares of DoorDash, Inc. (NASDAQ:DASH) by 2,304.0% during the 3rd quarter, according to its most recent filing with the SEC. The firm owned 3,452,110 shares of the company’s stock after acquiring an additional 3,308,512 shares during the period. DoorDash makes up approximately 0.7% of Robeco Institutional Asset Management B.V.’s holdings, making the stock its 22nd biggest position. Robeco Institutional Asset Management B.V.’s holdings in DoorDash were worth $633,635,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. JCP Investment Management LLC bought a new stake in shares of DoorDash in the first quarter worth approximately $991,000. Plato Investment Management Ltd purchased a new position in shares of DoorDash during the second quarter valued at approximately $1,024,000. Quantinno Capital Management LP lifted its position in DoorDash by 4.9% during the first quarter. Quantinno Capital Management LP now owns 655,095 shares of the company’s stock valued at $98,363,000 after purchasing an additional 30,881 shares during the period. Godsey & Gibb Inc. lifted its position in DoorDash by 1,510,137.1% during the third quarter. Godsey & Gibb Inc. now owns 528,583 shares of the company’s stock valued at $97,021,000 after purchasing an additional 528,548 shares during the period. Finally, Monetta Financial Services Inc. bought a new position in DoorDash during the second quarter valued at approximately $1,015,000. Institutional investors own 90.64% of the company’s stock.

Insider Activity at DoorDash

In other DoorDash news, COO Prabir Adarkar sold 8,738 shares of the company’s stock in a transaction that occurred on Monday, September 28th. The shares were sold at an average price of $180.85, for a total transaction of $1,580,267.30. Following the completion of the sale, the chief operating officer directly owned 921,473 shares of the company’s stock, valued at approximately $166,648,392.05. This represents a 0.94% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Andy Fang sold 5,000 shares of the stock in a transaction that occurred on Thursday, October 1st. The stock was sold at an average price of $183.69, for a total transaction of $918,450.00. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 393,998 shares of company stock valued at $85,861,330 in the last three months. Corporate insiders own 44.90% of the company’s stock.

DoorDash Trading Down 1.0%

DoorDash stock opened at $191.67 on Wednesday. DoorDash, Inc. has a 52-week low of $143.30 and a 52-week high of $269.00. The company has a market cap of $83.05 billion, a P/E ratio of 100.35 and a beta of 1.90. The company has a quick ratio of 1.37, a current ratio of 1.37 and a debt-to-equity ratio of 0.27. The business has a 50-day simple moving average of $204.10 and a two-hundred day simple moving average of $184.78.

DoorDash (NASDAQ:DASH) last released its quarterly earnings results on Wednesday, August 5th. The company reported $0.46 EPS for the quarter, missing the consensus estimate of $0.47 by ($0.01). DoorDash had a net margin of 5.29% and a return on equity of 8.48%. The business had revenue of $4.45 billion for the quarter, compared to analysts’ expectations of $4.34 billion. During the same period in the previous year, the company earned $0.65 EPS. DoorDash’s revenue for the quarter was up 35.6% compared to the same quarter last year. Analysts predict that DoorDash, Inc. will post 2.51 EPS for the current year.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on DASH. TD Cowen raised their target price on shares of DoorDash from $225.00 to $240.00 and gave the stock a “buy” rating in a report on Thursday, August 6th. Rosenblatt Securities began coverage on shares of DoorDash in a research note on Tuesday, September 1st. They set a “buy” rating and a $270.00 target price for the company. Barclays lowered shares of DoorDash from an “equal weight” rating to a “strong sell” rating in a research note on Monday, August 24th. UBS Group reissued a “buy” rating and set a $295.00 price target on shares of DoorDash in a report on Tuesday, September 8th. Finally, Jefferies Financial Group increased their price target on DoorDash from $225.00 to $250.00 and gave the company a “buy” rating in a report on Tuesday, August 11th. Two investment analysts have rated the stock with a Strong Buy rating, thirty-one have issued a Buy rating, eight have issued a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, DoorDash presently has an average rating of “Moderate Buy” and an average price target of $254.95.

DoorDash Profile

DoorDash, Inc (NASDAQ:DASH) operates a local commerce platform that connects consumers with restaurants, grocery stores, convenience retailers and other merchants. Through its website and mobile applications, customers can browse products, place orders for delivery or pickup, and access related services.

The company provides merchants with ordering, delivery, logistics, marketing and payment tools. Its offerings include the DoorDash Marketplace, subscription programs such as DashPass, and delivery infrastructure that merchants can use through services including DoorDash Drive.