Quantbot Technologies LP Purchases 16,436 Shares of DoorDash, Inc. (NASDAQ:DASH)

Quantbot Technologies LP lifted its holdings in shares of DoorDash, Inc. (NASDAQ:DASH - Free Report) by 23.4% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 86,626 shares of the company's stock after buying an additional 16,436 shares during the period. DoorDash makes up about 0.5% of Quantbot Technologies LP's investment portfolio, making the stock its 16th largest holding. Quantbot Technologies LP's holdings in DoorDash were worth $12,364,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in DASH. Rakuten Securities Inc. boosted its position in shares of DoorDash by 302.3% during the 3rd quarter. Rakuten Securities Inc. now owns 173 shares of the company's stock valued at $25,000 after purchasing an additional 130 shares in the last quarter. Headlands Technologies LLC bought a new position in shares of DoorDash in the second quarter valued at $32,000. Meeder Asset Management Inc. lifted its position in shares of DoorDash by 82.0% during the 2nd quarter. Meeder Asset Management Inc. now owns 293 shares of the company's stock valued at $32,000 after acquiring an additional 132 shares during the last quarter. Versant Capital Management Inc boosted its stake in shares of DoorDash by 340.8% during the 2nd quarter. Versant Capital Management Inc now owns 335 shares of the company's stock worth $36,000 after acquiring an additional 259 shares in the last quarter. Finally, Quest Partners LLC grew its holdings in shares of DoorDash by 146.8% in the 2nd quarter. Quest Partners LLC now owns 343 shares of the company's stock worth $37,000 after acquiring an additional 204 shares during the last quarter. 90.64% of the stock is owned by institutional investors.

Insider Buying and Selling at DoorDash

In other news, CFO Ravi Inukonda sold 7,000 shares of DoorDash stock in a transaction on Friday, August 30th. The stock was sold at an average price of $127.86, for a total transaction of $895,020.00. Following the completion of the sale, the chief financial officer now owns 396,152 shares of the company's stock, valued at approximately $50,651,994.72. This trade represents a 1.74 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Andy Fang sold 50,000 shares of the firm's stock in a transaction dated Thursday, September 12th. The stock was sold at an average price of $130.20, for a total transaction of $6,510,000.00. Following the transaction, the director now directly owns 18,089 shares in the company, valued at approximately $2,355,187.80. This represents a 73.43 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 553,262 shares of company stock valued at $85,515,902 in the last quarter. 7.92% of the stock is currently owned by insiders.

DoorDash Trading Down 0.1 %

Shares of NASDAQ:DASH traded down $0.09 during trading on Tuesday, hitting $179.01. 2,740,870 shares of the company were exchanged, compared to its average volume of 3,801,766. The stock has a market cap of $74.36 billion, a price-to-earnings ratio of -397.80, a P/E/G ratio of 13.63 and a beta of 1.67. DoorDash, Inc. has a fifty-two week low of $92.56 and a fifty-two week high of $181.30. The firm has a fifty day moving average price of $154.57 and a two-hundred day moving average price of $129.52.

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

Wall Street Analyst Weigh In

DASH has been the subject of a number of recent analyst reports. Benchmark raised their price objective on shares of DoorDash from $152.00 to $173.00 and gave the stock a "buy" rating in a research note on Thursday, October 17th. Needham & Company LLC lifted their target price on shares of DoorDash from $145.00 to $180.00 and gave the company a "buy" rating in a research note on Thursday, October 31st. Keefe, Bruyette & Woods upgraded DoorDash from a "market perform" rating to an "outperform" rating and set a $177.00 price target for the company in a research note on Wednesday, September 25th. Evercore ISI lifted their target price on shares of DoorDash from $155.00 to $200.00 and gave the stock an "outperform" rating in a report on Thursday, October 31st. Finally, Morgan Stanley upped their price target on DoorDash from $145.00 to $150.00 and gave the stock an "overweight" rating in a report on Friday, August 2nd. Ten investment analysts have rated the stock with a hold rating and twenty-four have issued a buy rating to the stock. Based on data from MarketBeat, DoorDash has a consensus rating of "Moderate Buy" and an average 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.