Quantinno Capital Management LP Purchases 251,855 Shares of DoorDash, Inc. $DASH

Quantinno Capital Management LP raised its holdings in shares of DoorDash, Inc. (NASDAQ:DASH) by 74.7% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 588,844 shares of the company’s stock after buying an additional 251,855 shares during the period. DoorDash comprises approximately 0.6% of Quantinno Capital Management LP’s investment portfolio, making the stock its 15th biggest position. Quantinno Capital Management LP owned 0.14% of DoorDash worth $145,156,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Brighton Jones LLC boosted its holdings in DoorDash by 24.0% during the 4th quarter. Brighton Jones LLC now owns 9,336 shares of the company’s stock valued at $1,566,000 after acquiring an additional 1,807 shares during the period. Townsquare Capital LLC grew its holdings in shares of DoorDash by 26.6% in the first quarter. Townsquare Capital LLC now owns 8,039 shares of the company’s stock worth $1,469,000 after purchasing an additional 1,690 shares during the last quarter. SouthState Corp grew its holdings in shares of DoorDash by 762.5% in the first quarter. SouthState Corp now owns 207 shares of the company’s stock worth $38,000 after purchasing an additional 183 shares during the last quarter. Public Sector Pension Investment Board purchased a new position in DoorDash in the 1st quarter worth about $8,139,000. Finally, HighTower Advisors LLC lifted its holdings in DoorDash by 40.7% during the 1st quarter. HighTower Advisors LLC now owns 27,971 shares of the company’s stock valued at $5,112,000 after buying an additional 8,086 shares in the last quarter. 90.64% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, Director Alfred Lin purchased 125,000 shares of the business’s stock in a transaction on Wednesday, November 26th. The shares were acquired at an average cost of $199.01 per share, with a total value of $24,876,250.00. Following the completion of the acquisition, the director owned 514,047 shares of the company’s stock, valued at $102,300,493.47. This trade represents a 32.13% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Tony Xu sold 16,667 shares of the company’s stock in a transaction on Tuesday, December 9th. The stock was sold at an average price of $230.00, for a total value of $3,833,410.00. Following the transaction, the chief executive officer directly owned 1,500 shares in the company, valued at approximately $345,000. The trade was a 91.74% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 696,230 shares of company stock worth $156,736,003. Insiders own 5.83% of the company’s stock.

Analysts Set New Price Targets

DASH has been the topic of a number of research analyst reports. Wall Street Zen downgraded shares of DoorDash from a “buy” rating to a “hold” rating in a research note on Saturday, November 1st. Barclays dropped their price objective on DoorDash from $272.00 to $238.00 and set an “equal weight” rating on the stock in a research note on Thursday, November 6th. Mizuho decreased their target price on DoorDash from $350.00 to $320.00 and set an “outperform” rating for the company in a research report on Wednesday, November 12th. The Goldman Sachs Group lowered their target price on DoorDash from $315.00 to $279.00 and set a “buy” rating for the company in a report on Friday, November 7th. Finally, Stifel Nicolaus cut their price target on DoorDash from $255.00 to $253.00 and set a “hold” rating on the stock in a research note on Thursday, November 6th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-six have given a Buy rating and ten have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $275.91.

DoorDash Trading Up 1.9%

Shares of NASDAQ:DASH opened at $224.52 on Friday. The company has a market capitalization of $96.77 billion, a PE ratio of 113.97 and a beta of 1.72. The company has a current ratio of 2.04, a quick ratio of 2.04 and a debt-to-equity ratio of 0.29. DoorDash, Inc. has a 12-month low of $155.40 and a 12-month high of $285.50. The business’s fifty day simple moving average is $233.65 and its 200-day simple moving average is $239.46.

DoorDash (NASDAQ:DASH) last issued its quarterly earnings data on Wednesday, November 5th. The company reported $0.55 earnings per share for the quarter, missing analysts’ consensus estimates of $0.68 by ($0.13). DoorDash had a net margin of 6.83% and a return on equity of 9.97%. The company had revenue of $3.45 billion for the quarter, compared to the consensus estimate of $3.35 billion. During the same period in the previous year, the business earned $0.38 EPS. DoorDash’s revenue for the quarter was up 27.3% compared to the same quarter last year. As a group, equities research analysts predict that DoorDash, Inc. will post 2.22 earnings per share for the current fiscal year.

DoorDash 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.