DoorDash, Inc. (NASDAQ:DASH) Shares Acquired by Retireful LLC

Retireful LLC grew its stake in shares of DoorDash, Inc. (NASDAQ:DASH - Free Report) by 121.4% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 9,621 shares of the company's stock after purchasing an additional 5,275 shares during the quarter. Retireful LLC's holdings in DoorDash were worth $1,614,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the stock. Baillie Gifford & Co. raised its holdings in shares of DoorDash by 13.2% in the third 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. State Street Corp lifted its holdings in DoorDash by 3.8% during the third quarter. State Street Corp now owns 7,395,891 shares of the company's stock worth $1,055,616,000 after buying an additional 272,659 shares during the period. Janus Henderson Group PLC boosted its position in DoorDash by 14.5% during the 3rd quarter. Janus Henderson Group PLC now owns 5,533,288 shares of the company's stock valued at $789,766,000 after acquiring an additional 700,465 shares in the last quarter. Geode Capital Management LLC raised its position in shares of DoorDash by 6.4% in the 3rd quarter. Geode Capital Management LLC now owns 4,472,154 shares of the company's stock worth $636,652,000 after acquiring an additional 267,855 shares in the last quarter. Finally, Franklin Resources Inc. raised its position in shares of DoorDash by 15.2% in the 3rd quarter. Franklin Resources Inc. now owns 3,800,396 shares of the company's stock worth $570,135,000 after acquiring an additional 501,905 shares in the last quarter. 90.64% of the stock is currently owned by institutional investors.

Insider Buying and Selling at DoorDash

In other news, Director Andy Fang sold 50,000 shares of DoorDash stock in a transaction dated Monday, January 13th. The stock was sold at an average price of $168.32, for a total value of $8,416,000.00. Following the completion of the transaction, the director now owns 16,176 shares in the company, valued at approximately $2,722,744.32. This trade represents a 75.56 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Tony Xu sold 108,332 shares of the company's stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $170.25, for a total transaction of $18,443,523.00. Following the sale, the chief executive officer now owns 1,500 shares in the company, valued at $255,375. The trade was a 98.63 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 1,019,333 shares of company stock valued at $177,556,541 over the last quarter. 7.92% of the stock is owned by company insiders.

DoorDash Price Performance

DASH traded up $3.63 during trading hours on Friday, reaching $174.48. The company's stock had a trading volume of 3,653,938 shares, compared to its average volume of 2,502,567. DoorDash, Inc. has a fifty-two week low of $99.32 and a fifty-two week high of $181.78. The business's 50-day moving average is $173.54 and its 200-day moving average is $145.27. The stock has a market cap of $72.48 billion, a PE ratio of -387.73, a P/E/G ratio of 1.77 and a beta of 1.71.

DoorDash (NASDAQ:DASH - Get Free Report) last announced its earnings results 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. DoorDash had a negative net margin of 1.69% and a negative return on equity of 2.41%. The company had revenue of $2.71 billion during the quarter, compared to analyst estimates of $2.66 billion. During the same quarter last year, the firm posted ($0.19) earnings per share. DoorDash's revenue was up 25.0% compared to the same quarter last year. Analysts expect that DoorDash, Inc. will post 0.26 EPS for the current year.

Analyst Ratings Changes

Several equities analysts have issued reports on the company. Needham & Company LLC lifted their target price on 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 raised shares of DoorDash from a "market perform" rating to an "outperform" rating and set a $177.00 price objective on the stock in a research report on Wednesday, September 25th. BTIG Research upgraded shares of DoorDash from a "neutral" rating to a "buy" rating and set a $155.00 target price for the company in a research note on Thursday, September 19th. Barclays raised their price target on shares of DoorDash from $120.00 to $163.00 and gave the stock an "equal weight" rating in a report on Friday, November 1st. Finally, Wolfe Research lifted their price target on DoorDash from $210.00 to $220.00 and gave the stock an "outperform" rating in a research report on Friday, January 3rd. Nine research analysts have rated the stock with a hold rating and twenty-five have given a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $175.97.

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.