Harbor Capital Advisors Inc. Cuts Holdings in DoorDash, Inc. (NASDAQ:DASH)

Harbor Capital Advisors Inc. decreased its position in shares of DoorDash, Inc. (NASDAQ:DASH - Free Report) by 38.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 10,253 shares of the company's stock after selling 6,377 shares during the quarter. Harbor Capital Advisors Inc.'s holdings in DoorDash were worth $1,720,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Asset Management One Co. Ltd. lifted its holdings in shares of DoorDash by 10.6% in the third 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 last quarter. Marshall Wace LLP boosted its position in DoorDash by 930.5% in the second quarter. Marshall Wace LLP now owns 675,988 shares of the company's stock valued at $73,534,000 after buying an additional 610,388 shares in the last quarter. Forsta AP Fonden grew its stake in shares of DoorDash by 18.6% during the third quarter. Forsta AP Fonden now owns 64,500 shares of the company's stock worth $9,206,000 after buying an additional 10,100 shares during the last quarter. Sanctuary Advisors LLC increased its holdings in shares of DoorDash by 48.8% during the third quarter. Sanctuary Advisors LLC now owns 10,663 shares of the company's stock worth $1,522,000 after buying an additional 3,498 shares in the last quarter. Finally, Baillie Gifford & Co. boosted its holdings 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 in the last quarter. 90.64% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the company. Keefe, Bruyette & Woods upgraded DoorDash from a "market perform" rating to an "outperform" rating and set a $177.00 target price for the company in a research report on Wednesday, September 25th. Bank of America lifted their target price on shares of DoorDash from $168.00 to $172.00 and gave the stock a "buy" rating in a research report on Thursday, October 31st. Wells Fargo & Company raised their price target 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. BMO Capital Markets boosted their price objective on shares of DoorDash from $140.00 to $180.00 and gave the stock an "outperform" rating in a research note on Thursday, October 31st. Finally, Raymond James assumed coverage on DoorDash in a research report on Tuesday, September 24th. They set an "outperform" rating and a $155.00 target price for the company. Nine research analysts have rated the stock with a hold rating and twenty-five have assigned a buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $172.79.

DoorDash Stock Performance

DASH traded down $2.39 during mid-day trading on Monday, reaching $167.73. 475,031 shares of the stock were exchanged, compared to its average volume of 2,148,311. The company has a 50 day moving average price of $173.09 and a two-hundred day moving average price of $144.07. DoorDash, Inc. has a 1 year low of $99.32 and a 1 year high of $181.78. The stock has a market capitalization of $69.68 billion, a PE ratio of -372.73, a price-to-earnings-growth ratio of 13.46 and a beta of 1.70.

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

Insider Buying and Selling at DoorDash

In other DoorDash news, CFO Ravi Inukonda sold 14,219 shares of the firm's stock in a transaction dated Wednesday, November 20th. The stock was sold at an average price of $169.98, for a total value of $2,416,945.62. Following the completion of the transaction, the chief financial officer now owns 380,993 shares in the company, valued at $64,761,190.14. This trade represents a 3.60 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Tony Xu sold 81,249 shares of the stock in a transaction dated Tuesday, October 15th. The stock was sold at an average price of $147.87, for a total transaction of $12,014,289.63. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 982,694 shares of company stock valued at $168,473,286. Company insiders own 7.92% of the company's stock.

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.