DoorDash, Inc. (NASDAQ:DASH) Stake Boosted by MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in DoorDash, Inc. (NASDAQ:DASH) by 7.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 306,202 shares of the company’s stock after purchasing an additional 20,075 shares during the quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned approximately 0.07% of DoorDash worth $51,365,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of the business. Moore Capital Management LP boosted its position in DoorDash by 501.5% during the 4th quarter. Moore Capital Management LP now owns 127,627 shares of the company’s stock worth $21,409,000 after acquiring an additional 106,409 shares during the period. Lazard Asset Management LLC boosted its position in DoorDash by 126.0% during the 4th quarter. Lazard Asset Management LLC now owns 24,395 shares of the company’s stock worth $4,091,000 after acquiring an additional 13,599 shares during the period. LMR Partners LLP acquired a new stake in DoorDash during the 4th quarter worth about $8,388,000. Investment Management Corp of Ontario boosted its position in DoorDash by 93.5% during the 4th quarter. Investment Management Corp of Ontario now owns 25,638 shares of the company’s stock worth $4,301,000 after acquiring an additional 12,385 shares during the period. Finally, Jefferies Financial Group Inc. acquired a new stake in DoorDash during the 4th quarter worth about $813,000. 90.64% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts have commented on the company. Citigroup restated an “outperform” rating on shares of DoorDash in a research report on Monday, April 28th. Piper Sandler restated a “neutral” rating and set a $210.00 price objective (up from $160.00) on shares of DoorDash in a research report on Wednesday, February 12th. Needham & Company LLC lifted their price target on DoorDash from $225.00 to $230.00 and gave the company a “buy” rating in a report on Wednesday, May 7th. The Goldman Sachs Group lifted their price target on DoorDash from $192.00 to $212.00 and gave the company a “neutral” rating in a report on Wednesday, February 12th. Finally, JMP Securities reiterated a “market outperform” rating and set a $225.00 price target on shares of DoorDash in a report on Monday, April 28th. Ten equities research 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 company currently has an average rating of “Moderate Buy” and an average target price of $209.97.

DoorDash Stock Up 3.0%

Shares of NASDAQ DASH opened at $197.80 on Wednesday. The business’s 50 day moving average is $184.91 and its two-hundred day moving average is $181.41. The company has a market cap of $83.09 billion, a P/E ratio of 732.59 and a beta of 1.68. DoorDash, Inc. has a 12 month low of $99.32 and a 12 month high of $215.25.

DoorDash (NASDAQ:DASH) last issued its quarterly earnings results on Tuesday, May 6th. The company reported $0.44 EPS for the quarter, topping the consensus estimate of $0.39 by $0.05. The company had revenue of $3.03 billion for the quarter, compared to the consensus estimate of $3.10 billion. DoorDash had a return on equity of 1.67% and a net margin of 1.15%. The company’s revenue for the quarter was up 20.7% on a year-over-year basis. During the same period in the previous year, the business posted ($0.06) EPS. Sell-side analysts expect that DoorDash, Inc. will post 2.22 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, Director Andy Fang sold 1,398 shares of the business’s stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $203.45, for a total transaction of $284,423.10. Following the sale, the director now directly owns 14,778 shares in the company, valued at approximately $3,006,584.10. The trade was a 8.64% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Stanley Tang sold 45,410 shares of the business’s stock in a transaction that occurred on Tuesday, April 1st. The shares were sold at an average price of $181.21, for a total value of $8,228,746.10. Following the sale, the director now owns 18,285 shares in the company, valued at approximately $3,313,424.85. This represents a 71.29% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 158,573 shares of company stock valued at $30,407,073 in the last three months. Company insiders own 7.92% of the company’s stock.

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.