DoorDash, Inc. (NASDAQ:DASH) Stock Holdings Lifted by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. lifted its holdings in shares of DoorDash, Inc. (NASDAQ:DASH) by 422.3% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 202,340 shares of the company’s stock after buying an additional 163,597 shares during the period. Assenagon Asset Management S.A.’s holdings in DoorDash were worth $33,943,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Commonwealth Equity Services LLC grew its holdings in shares of DoorDash by 34.5% during the second quarter. Commonwealth Equity Services LLC now owns 6,275 shares of the company’s stock valued at $683,000 after purchasing an additional 1,611 shares during the last quarter. Quest Partners LLC boosted its position in DoorDash by 146.8% during the 2nd quarter. Quest Partners LLC now owns 343 shares of the company’s stock valued at $37,000 after purchasing an additional 204 shares during the period. Envestnet Asset Management Inc. grew its stake in DoorDash by 2.4% during the 2nd quarter. Envestnet Asset Management Inc. now owns 79,476 shares of the company’s stock worth $8,645,000 after buying an additional 1,828 shares during the last quarter. Dimensional Fund Advisors LP increased its position in DoorDash by 4.1% in the second quarter. Dimensional Fund Advisors LP now owns 919,633 shares of the company’s stock worth $100,051,000 after buying an additional 36,551 shares during the period. Finally, Primecap Management Co. CA lifted its stake in DoorDash by 3.5% in the second quarter. Primecap Management Co. CA now owns 130,570 shares of the company’s stock valued at $14,203,000 after buying an additional 4,400 shares during the last quarter. Institutional investors and hedge funds own 90.64% of the company’s stock.

Insider Buying and Selling

In other news, CEO Tony Xu sold 108,332 shares of the company’s stock in a transaction on Friday, November 15th. The shares were sold at an average price of $170.25, for a total value of $18,443,523.00. Following the transaction, the chief executive officer now directly owns 1,500 shares of the company’s stock, valued at approximately $255,375. This represents a 98.63 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Andy Fang sold 50,000 shares of DoorDash stock in a transaction on Monday, November 18th. The shares were sold at an average price of $172.67, for a total value of $8,633,500.00. Following the sale, the director now directly owns 18,089 shares of the company’s stock, valued at approximately $3,123,427.63. The trade was a 73.43 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 1,019,333 shares of company stock worth $177,556,541. 7.92% of the stock is owned by company insiders.

Analyst Ratings Changes

Several research firms have recently commented on DASH. Raymond James assumed coverage on shares of DoorDash in a research report on Tuesday, September 24th. They set an “outperform” rating and a $155.00 price target for the company. Loop Capital upped their target price 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. The Goldman Sachs Group raised their price target on shares of DoorDash from $161.00 to $192.00 and gave the company a “neutral” rating in a research note on Thursday. Needham & Company LLC boosted their price objective on DoorDash from $145.00 to $180.00 and gave the stock a “buy” rating in a research report on Thursday, October 31st. Finally, Wells Fargo & Company raised their target price on DoorDash from $150.00 to $166.00 and gave the company an “equal weight” rating in a research report on Thursday. Nine equities research analysts have rated the stock with a hold rating and twenty-five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $175.97.

DoorDash Stock Down 0.2 %

DASH opened at $170.85 on Friday. The firm has a market capitalization of $70.97 billion, a P/E ratio of -379.67, a PEG ratio of 1.77 and a beta of 1.71. The stock has a fifty day moving average of $173.54 and a 200-day moving average of $145.09. DoorDash, Inc. has a 12-month low of $99.32 and a 12-month high of $181.78.

DoorDash (NASDAQ:DASH) last announced its quarterly earnings data on Wednesday, October 30th. The company reported $0.38 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $2.71 billion during the quarter, compared to the consensus estimate of $2.66 billion. During the same period in the prior year, the business earned ($0.19) EPS. The business’s revenue for the quarter was up 25.0% on a year-over-year basis. On average, analysts expect that DoorDash, Inc. will post 0.26 earnings per share for the current fiscal year.

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.