DoorDash, Inc. (NASDAQ:DASH) Stock Holdings Increased by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. raised its holdings in shares of DoorDash, Inc. (NASDAQ:DASH) by 14.1% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 75,676 shares of the company’s stock after buying an additional 9,359 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in DoorDash were worth $10,763,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Meeder Asset Management Inc. boosted its holdings in shares of DoorDash by 82.0% in the second quarter. Meeder Asset Management Inc. now owns 293 shares of the company’s stock worth $32,000 after buying an additional 132 shares during the period. Headlands Technologies LLC purchased a new stake in shares of DoorDash in the 2nd quarter valued at approximately $32,000. Versant Capital Management Inc boosted its stake in DoorDash by 340.8% in the 2nd quarter. Versant Capital Management Inc now owns 335 shares of the company’s stock worth $36,000 after purchasing an additional 259 shares during the period. ORG Partners LLC grew its position in DoorDash by 2,108.3% during the 1st quarter. ORG Partners LLC now owns 265 shares of the company’s stock worth $37,000 after purchasing an additional 253 shares in the last quarter. Finally, Quest Partners LLC lifted its holdings in shares of DoorDash by 146.8% in the second quarter. Quest Partners LLC now owns 343 shares of the company’s stock valued at $37,000 after purchasing an additional 204 shares in the last quarter. Institutional investors and hedge funds own 90.64% of the company’s stock.

DoorDash Stock Up 0.5 %

DASH stock opened at $153.88 on Monday. DoorDash, Inc. has a twelve month low of $69.90 and a twelve month high of $155.29. The company has a market cap of $62.92 billion, a PE ratio of -142.48, a price-to-earnings-growth ratio of 425.82 and a beta of 1.70. The business’s 50-day simple moving average is $137.76 and its 200 day simple moving average is $123.40.

DoorDash (NASDAQ:DASH) last announced its quarterly earnings data on Thursday, August 1st. The company reported ($0.38) earnings per share for the quarter, missing the consensus estimate of ($0.09) by ($0.29). The firm had revenue of $2.63 billion for the quarter, compared to analyst estimates of $2.54 billion. DoorDash had a negative return on equity of 5.91% and a negative net margin of 4.24%. DoorDash’s revenue for the quarter was up 23.3% compared to the same quarter last year. During the same period in the previous year, the business posted ($0.44) EPS. On average, equities research analysts anticipate that DoorDash, Inc. will post 0.01 EPS for the current year.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on the company. JMP Securities lifted their price target on DoorDash from $145.00 to $160.00 and gave the company a “market outperform” rating in a report on Monday, September 30th. Morgan Stanley lifted their target price on DoorDash from $145.00 to $150.00 and gave the company an “overweight” rating in a research note on Friday, August 2nd. Oppenheimer increased their price target on shares of DoorDash from $145.00 to $160.00 and gave the stock an “outperform” rating in a research report on Friday, September 27th. KeyCorp raised shares of DoorDash from a “sector weight” rating to an “overweight” rating and set a $177.00 price objective on the stock in a research report on Wednesday, September 25th. Finally, UBS Group increased their target price on shares of DoorDash from $143.00 to $160.00 and gave the stock a “neutral” rating in a research report on Friday, October 18th. Ten research analysts have rated the stock with a hold rating and twenty-three have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $151.00.

Insider Activity

In other news, CEO Tony Xu sold 54,166 shares of DoorDash stock in a transaction dated Tuesday, August 6th. The shares were sold at an average price of $123.43, for a total transaction of $6,685,709.38. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, CEO Tony Xu sold 54,166 shares of the firm’s stock in a transaction that occurred on Tuesday, August 6th. The stock was sold at an average price of $123.43, for a total transaction of $6,685,709.38. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Shona L. Brown sold 5,005 shares of the company’s stock in a transaction on Monday, August 5th. The shares were sold at an average price of $120.00, for a total value of $600,600.00. Following the completion of the sale, the director now owns 65,186 shares in the company, valued at $7,822,320. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 390,710 shares of company stock worth $54,472,120. 7.92% of the stock is currently owned by corporate insiders.

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.