Cerity Partners LLC Buys 10,630 Shares of DoorDash, Inc. (NASDAQ:DASH)

Cerity Partners LLC boosted its position in shares of DoorDash, Inc. (NASDAQ:DASH - Free Report) by 13.7% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 87,944 shares of the company's stock after buying an additional 10,630 shares during the quarter. Cerity Partners LLC's holdings in DoorDash were worth $12,552,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Baillie Gifford & Co. lifted its position in shares of DoorDash by 13.2% during the 3rd quarter. Baillie Gifford & Co. now owns 14,142,674 shares of the company's stock valued at $2,018,584,000 after acquiring an additional 1,645,186 shares during the last quarter. Dragoneer Investment Group LLC raised its position in shares of DoorDash by 77.9% during the second quarter. Dragoneer Investment Group LLC now owns 2,847,537 shares of the company's stock worth $309,755,000 after purchasing an additional 1,246,567 shares during the period. Allspring Global Investments Holdings LLC boosted its position in shares of DoorDash by 216.1% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 1,082,362 shares of the company's stock valued at $154,486,000 after purchasing an additional 739,961 shares during the period. Jupiter Asset Management Ltd. raised its holdings in DoorDash by 3,284.7% during the 2nd quarter. Jupiter Asset Management Ltd. now owns 729,779 shares of the company's stock worth $79,385,000 after buying an additional 708,218 shares during the period. Finally, Thrivent Financial for Lutherans boosted its stake in DoorDash by 5,396.1% in the 3rd quarter. Thrivent Financial for Lutherans now owns 663,599 shares of the company's stock worth $94,716,000 after purchasing an additional 651,525 shares during the period. 90.64% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other DoorDash news, insider Keith Yandell sold 7,980 shares of the company's stock in a transaction on Wednesday, November 20th. The shares were sold at an average price of $169.98, for a total transaction of $1,356,440.40. Following the transaction, the insider now owns 124,221 shares in the company, valued at approximately $21,115,085.58. This represents a 6.04 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, COO Prabir Adarkar sold 19,898 shares of the company's stock in a transaction that occurred on Wednesday, November 20th. The shares were sold at an average price of $169.98, for a total transaction of $3,382,262.04. Following the sale, the chief operating officer now owns 943,196 shares in the company, valued at $160,324,456.08. The trade was a 2.07 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 547,753 shares of company stock valued at $84,544,996 over the last ninety days. 7.92% of the stock is owned by company insiders.

DoorDash Trading Down 0.1 %

Shares of NASDAQ:DASH traded down $0.17 during trading on Tuesday, hitting $178.93. 1,726,258 shares of the company's stock traded hands, compared to its average volume of 3,797,198. The company has a 50-day moving average price of $154.57 and a 200-day moving average price of $129.52. The company has a market cap of $74.33 billion, a price-to-earnings ratio of -398.00, a price-to-earnings-growth ratio of 13.63 and a beta of 1.67. DoorDash, Inc. has a 52 week low of $92.56 and a 52 week high of $181.30.

DoorDash (NASDAQ:DASH - Get Free Report) last released its quarterly earnings results on Wednesday, October 30th. The company reported $0.38 EPS for the quarter, beating the consensus estimate of $0.21 by $0.17. DoorDash had a negative net margin of 1.69% and a negative return on equity of 2.41%. The business had revenue of $2.71 billion for the quarter, compared to the consensus estimate of $2.66 billion. During the same period in the prior year, the company posted ($0.19) earnings per share. DoorDash's revenue was up 25.0% compared to the same quarter last year. On average, analysts predict that DoorDash, Inc. will post 0.26 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several analysts have issued reports on the stock. Mizuho raised their price target on shares of DoorDash from $162.00 to $173.00 and gave the stock an "outperform" rating in a research report on Thursday, October 24th. BTIG Research raised DoorDash from a "neutral" rating to a "buy" rating and set a $155.00 target price for the company in a research report on Thursday, September 19th. Roth Mkm raised their target price on DoorDash from $118.00 to $124.00 and gave the stock a "neutral" rating in a research report on Monday, August 5th. Oppenheimer raised their target price on DoorDash from $145.00 to $160.00 and gave the stock an "outperform" rating in a research report on Friday, September 27th. Finally, Evercore ISI raised their target price on DoorDash from $155.00 to $200.00 and gave the stock an "outperform" rating in a research report on Thursday, October 31st. Ten investment analysts have rated the stock with a hold rating and twenty-four have issued a buy rating to the company's stock. According to MarketBeat.com, DoorDash presently has an average rating of "Moderate Buy" and a consensus target price of $164.03.

DoorDash Profile

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.