Vaughan Nelson Investment Management L.P. Has $170.68 Million Stock Holdings in DoorDash, Inc. (NASDAQ:DASH)

Vaughan Nelson Investment Management L.P. reduced its position in shares of DoorDash, Inc. (NASDAQ:DASH - Free Report) by 6.9% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,195,831 shares of the company's stock after selling 89,265 shares during the period. DoorDash comprises approximately 1.5% of Vaughan Nelson Investment Management L.P.'s portfolio, making the stock its 16th largest position. Vaughan Nelson Investment Management L.P. owned approximately 0.29% of DoorDash worth $170,681,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the business. Natixis Advisors LLC boosted its holdings in shares of DoorDash by 1.8% in the 3rd quarter. Natixis Advisors LLC now owns 348,383 shares of the company's stock valued at $49,724,000 after buying an additional 6,280 shares in the last quarter. Empowered Funds LLC grew its holdings in shares of DoorDash by 10.6% during the third quarter. Empowered Funds LLC now owns 7,273 shares of the company's stock worth $1,038,000 after purchasing an additional 695 shares during the last quarter. CIBC Asset Management Inc increased its position in shares of DoorDash by 4.6% during the third quarter. CIBC Asset Management Inc now owns 76,203 shares of the company's stock worth $10,876,000 after purchasing an additional 3,380 shares in the last quarter. Palo Alto Wealth Advisors LLC acquired a new stake in shares of DoorDash during the third quarter worth about $1,835,000. Finally, Tokio Marine Asset Management Co. Ltd. purchased a new position in shares of DoorDash during the third quarter worth about $1,363,000. Hedge funds and other institutional investors own 90.64% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on DASH shares. Oppenheimer boosted their target price on DoorDash from $145.00 to $160.00 and gave the company an "outperform" rating in a report on Friday, September 27th. Wells Fargo & Company raised their price objective on shares of DoorDash from $127.00 to $142.00 and gave the company an "equal weight" rating in a research report on Friday, October 4th. Needham & Company LLC boosted their target price on DoorDash from $145.00 to $180.00 and gave the stock a "buy" rating in a research report on Thursday, October 31st. BMO Capital Markets increased their price target on DoorDash from $140.00 to $180.00 and gave the stock an "outperform" rating in a research note on Thursday, October 31st. Finally, Keefe, Bruyette & Woods raised DoorDash from a "market perform" rating to an "outperform" rating and set a $177.00 price objective for the company in a research report on Wednesday, September 25th. 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 stock has an average rating of "Moderate Buy" and an average price target of $164.03.

DoorDash Trading Down 2.5 %

DASH stock traded down $4.37 during midday trading on Friday, hitting $169.43. The stock had a trading volume of 3,602,035 shares, compared to its average volume of 3,172,539. DoorDash, Inc. has a 52 week low of $92.56 and a 52 week high of $178.16. The stock has a 50-day simple moving average of $149.01 and a 200 day simple moving average of $126.98. The firm has a market capitalization of $70.38 billion, a price-to-earnings ratio of -376.51, a P/E/G ratio of 14.26 and a beta of 1.67.

DoorDash (NASDAQ:DASH - Get Free Report) last announced its quarterly earnings results on Wednesday, October 30th. The company reported $0.38 EPS for the quarter, beating the consensus estimate 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 quarter in the previous year, the firm earned ($0.19) EPS. DoorDash's quarterly revenue was up 25.0% on a year-over-year basis. On average, equities analysts forecast that DoorDash, Inc. will post 0.24 EPS for the current year.

Insider Transactions at DoorDash

In related news, CFO Ravi Inukonda sold 7,000 shares of the company's stock in a transaction dated Friday, August 30th. The stock was sold at an average price of $127.86, for a total value of $895,020.00. Following the completion of the sale, the chief financial officer now owns 396,152 shares in the company, valued at approximately $50,651,994.72. This represents a 1.74 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Andy Fang sold 50,000 shares of the stock in a transaction that occurred on Thursday, September 12th. The shares were sold at an average price of $130.20, for a total transaction of $6,510,000.00. Following the completion of the sale, the director now owns 18,089 shares in the company, valued at $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. Over the last quarter, insiders have sold 324,539 shares of company stock worth $46,439,330. 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.