DoorDash, Inc. (NASDAQ:DASH) Shares Purchased by Stifel Financial Corp

Stifel Financial Corp raised its position in shares of DoorDash, Inc. (NASDAQ:DASH - Free Report) by 23.0% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 21,724 shares of the company's stock after buying an additional 4,056 shares during the quarter. Stifel Financial Corp's holdings in DoorDash were worth $3,101,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Quantinno Capital Management LP increased its holdings in shares of DoorDash by 17.2% in the 3rd quarter. Quantinno Capital Management LP now owns 67,776 shares of the company's stock worth $9,674,000 after buying an additional 9,946 shares during the last quarter. Royal London Asset Management Ltd. increased its stake in DoorDash by 5.7% during the third quarter. Royal London Asset Management Ltd. now owns 142,542 shares of the company's stock worth $20,345,000 after acquiring an additional 7,660 shares during the last quarter. Point72 Italy S.r.l. bought a new stake in DoorDash during the third quarter worth approximately $5,732,000. PointState Capital LP raised its position in DoorDash by 63.2% during the third quarter. PointState Capital LP now owns 871,263 shares of the company's stock valued at $124,355,000 after purchasing an additional 337,275 shares during the period. Finally, Polymer Capital Management HK LTD bought a new stake in shares of DoorDash in the 3rd quarter valued at approximately $343,000. Institutional investors own 90.64% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the company. Truist Financial boosted their target price on DoorDash from $180.00 to $217.00 and gave the company a "buy" rating in a research report on Tuesday. Needham & Company LLC boosted their price objective on shares of DoorDash from $145.00 to $180.00 and gave the company a "buy" rating in a research report on Thursday, October 31st. Evercore ISI raised 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. Oppenheimer upped their price target on shares of DoorDash from $145.00 to $160.00 and gave the company an "outperform" rating in a report on Friday, September 27th. Finally, Loop Capital increased their price objective on shares of DoorDash from $170.00 to $200.00 and gave the stock a "buy" rating in a research report on Tuesday, November 12th. Ten equities research analysts have rated the stock with a hold rating and twenty-four have given a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $168.39.

DoorDash Stock Performance

NASDAQ:DASH traded down $11.61 during mid-day trading on Wednesday, hitting $165.39. 4,574,724 shares of the company's stock traded hands, compared to its average volume of 3,724,430. The company has a market capitalization of $68.70 billion, a P/E ratio of -367.53, a P/E/G ratio of 13.56 and a beta of 1.70. The company has a fifty day moving average of $166.69 and a 200 day moving average of $136.89. DoorDash, Inc. has a twelve month low of $93.33 and a twelve month high of $181.78.

DoorDash (NASDAQ:DASH - Get Free Report) last released 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 for the quarter, compared to the consensus estimate of $2.66 billion. During the same quarter in the previous year, the firm earned ($0.19) EPS. DoorDash's revenue was up 25.0% compared to the same quarter last year. On average, research analysts expect that DoorDash, Inc. will post 0.26 earnings per share for the current fiscal year.

Insider Buying and Selling

In other DoorDash news, CEO Tony Xu sold 54,166 shares of the firm's stock in a transaction that occurred on Monday, September 23rd. The shares were sold at an average price of $140.06, for a total transaction of $7,586,489.96. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Andy Fang sold 50,000 shares of the company's stock in a transaction on Thursday, December 12th. The shares were sold at an average price of $176.66, for a total transaction of $8,833,000.00. Following the completion of the sale, the director now directly owns 16,176 shares in the company, valued at $2,857,652.16. This trade represents a 75.56 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 951,528 shares of company stock worth $159,212,079 in the last 90 days. 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.