10,226 Shares in DoorDash, Inc. (NASDAQ:DASH) Bought by Sender Co & Partners Inc.

Sender Co & Partners Inc. bought a new position in shares of DoorDash, Inc. (NASDAQ:DASH - Free Report) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 10,226 shares of the company's stock, valued at approximately $1,460,000. DoorDash accounts for 1.8% of Sender Co & Partners Inc.'s holdings, making the stock its 13th largest position.

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

Insider Buying and Selling

In related news, CEO Tony Xu sold 115,432 shares of DoorDash stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $177.01, for a total value of $20,432,618.32. Following the completion of the transaction, the chief executive officer now directly owns 1,500 shares in the company, valued at approximately $265,515. This trade represents a 98.72 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Keith Yandell sold 7,980 shares of the company'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 $1,356,440.40. Following the sale, the insider now owns 124,221 shares in the company, valued at approximately $21,115,085.58. This trade represents a 6.04 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 838,722 shares of company stock valued at $136,732,309. Company insiders own 7.92% of the company's stock.

DoorDash Trading Down 0.4 %

DASH stock traded down $0.65 during midday trading on Tuesday, hitting $174.99. 1,273,882 shares of the company's stock were exchanged, compared to its average volume of 3,735,345. DoorDash, Inc. has a 1-year low of $93.33 and a 1-year high of $181.30. The business has a 50-day simple moving average of $162.24 and a two-hundred day simple moving average of $133.96. The stock has a market capitalization of $72.69 billion, a PE ratio of -390.31, a P/E/G ratio of 14.09 and a beta of 1.70.

DoorDash (NASDAQ:DASH - Get Free Report) last issued its quarterly earnings data on Wednesday, October 30th. The company reported $0.38 earnings per share (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 firm had revenue of $2.71 billion for the quarter, compared to analyst estimates of $2.66 billion. During the same period in the previous year, the firm earned ($0.19) EPS. DoorDash's revenue was up 25.0% on a year-over-year basis. As a group, research analysts expect that DoorDash, Inc. will post 0.26 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts have recently commented on DASH shares. Jefferies Financial Group lifted their price objective on shares of DoorDash from $155.00 to $180.00 and gave the stock a "buy" rating in a research note on Tuesday, October 22nd. Keefe, Bruyette & Woods raised DoorDash from a "market perform" rating to an "outperform" rating and set a $177.00 price target for the company in a research report on Wednesday, September 25th. Loop Capital increased their price objective on DoorDash from $170.00 to $200.00 and gave the company a "buy" rating in a report on Tuesday, November 12th. Needham & Company LLC lifted their target price on DoorDash from $145.00 to $180.00 and gave the stock a "buy" rating in a report on Thursday, October 31st. Finally, KeyCorp upped their target price on DoorDash from $177.00 to $180.00 and gave the company an "overweight" 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 stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $167.27.

About DoorDash

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.