DoorDash, Inc. (NASDAQ:DASH) Shares Bought by Citizens Financial Group Inc. RI

Citizens Financial Group Inc. RI boosted its holdings in shares of DoorDash, Inc. (NASDAQ:DASH - Free Report) by 113.2% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 23,057 shares of the company's stock after purchasing an additional 12,242 shares during the period. Citizens Financial Group Inc. RI's holdings in DoorDash were worth $3,291,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Asset Management One Co. Ltd. grew its holdings in shares of DoorDash by 10.6% during the 3rd quarter. Asset Management One Co. Ltd. now owns 112,181 shares of the company's stock worth $16,012,000 after acquiring an additional 10,755 shares during the period. Marshall Wace LLP boosted its position in shares of DoorDash by 930.5% in the 2nd quarter. Marshall Wace LLP now owns 675,988 shares of the company's stock worth $73,534,000 after purchasing an additional 610,388 shares in the last quarter. Forsta AP Fonden boosted its position in shares of DoorDash by 18.6% in the 3rd quarter. Forsta AP Fonden now owns 64,500 shares of the company's stock worth $9,206,000 after purchasing an additional 10,100 shares in the last quarter. Baillie Gifford & Co. boosted its position in shares of DoorDash by 13.2% in the 3rd quarter. Baillie Gifford & Co. now owns 14,142,674 shares of the company's stock worth $2,018,584,000 after purchasing an additional 1,645,186 shares in the last quarter. Finally, CWM LLC boosted its position in shares of DoorDash by 97.1% in the 3rd quarter. CWM LLC now owns 10,705 shares of the company's stock worth $1,528,000 after purchasing an additional 5,273 shares in the last quarter. Hedge funds and other institutional investors own 90.64% of the company's stock.

Analyst Ratings Changes

A number of brokerages have recently commented on DASH. JMP Securities boosted their price target on DoorDash from $160.00 to $190.00 and gave the stock a "market outperform" rating in a research report on Thursday, October 31st. Roth Mkm boosted their target price on shares of DoorDash from $118.00 to $124.00 and gave the company a "neutral" rating in a research note on Monday, August 5th. Wells Fargo & Company boosted their target price on shares of DoorDash from $127.00 to $142.00 and gave the company an "equal weight" rating in a research note on Friday, October 4th. UBS Group boosted their target price on shares of DoorDash from $143.00 to $160.00 and gave the company a "neutral" rating in a research note on Friday, October 18th. Finally, KeyCorp upped their price objective on DoorDash from $177.00 to $180.00 and gave the stock an "overweight" rating in a research note on Thursday, October 31st. Ten equities research analysts have rated the stock with a hold rating and twenty-four have assigned a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $164.03.

Insider Transactions at DoorDash

In related news, insider Keith Yandell sold 7,980 shares of DoorDash 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 $1,356,440.40. Following the transaction, the insider now directly owns 124,221 shares of the company's stock, valued at $21,115,085.58. This trade represents a 6.04 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CFO Ravi Inukonda sold 7,000 shares of DoorDash stock in a transaction that occurred on Friday, August 30th. The shares were sold at an average price of $127.86, for a total transaction of $895,020.00. Following the transaction, the chief financial officer now directly owns 396,152 shares in the company, valued at approximately $50,651,994.72. The trade was a 1.74 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 547,753 shares of company stock valued at $84,544,996. 7.92% of the stock is currently owned by company insiders.

DoorDash Stock Performance

NASDAQ DASH traded up $4.07 during trading on Friday, hitting $177.24. The stock had a trading volume of 3,507,009 shares, compared to its average volume of 3,801,899. The stock has a market capitalization of $73.63 billion, a price-to-earnings ratio of -385.88, a P/E/G ratio of 14.82 and a beta of 1.67. DoorDash, Inc. has a one year low of $92.56 and a one year high of $178.16. The stock has a 50 day simple moving average of $152.69 and a 200 day simple moving average of $128.46.

DoorDash (NASDAQ:DASH - Get Free Report) last announced its quarterly earnings data on Wednesday, October 30th. The company reported $0.38 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.21 by $0.17. The business had revenue of $2.71 billion during the quarter, compared to the consensus estimate of $2.66 billion. DoorDash had a negative net margin of 1.69% and a negative return on equity of 2.41%. The firm's quarterly revenue was up 25.0% compared to the same quarter last year. During the same quarter last year, the firm earned ($0.19) earnings per share. On average, sell-side analysts predict that DoorDash, Inc. will post 0.24 EPS for the current year.

DoorDash Company 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.