Winslow Capital Management LLC Purchases 6,272 Shares of DoorDash, Inc. $DASH

Winslow Capital Management LLC increased its position in DoorDash, Inc. (NASDAQ:DASH) by 0.3% during the second quarter, Holdings Channel.com reports. The institutional investor owned 1,820,877 shares of the company’s stock after purchasing an additional 6,272 shares during the period. DoorDash accounts for 1.5% of Winslow Capital Management LLC’s investment portfolio, making the stock its 21st largest holding. Winslow Capital Management LLC’s holdings in DoorDash were worth $448,864,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in DASH. Vanguard Group Inc. boosted its position in shares of DoorDash by 4.6% during the 2nd quarter. Vanguard Group Inc. now owns 41,190,085 shares of the company’s stock valued at $10,153,768,000 after acquiring an additional 1,792,799 shares during the last quarter. Geode Capital Management LLC lifted its position in DoorDash by 2.9% during the second quarter. Geode Capital Management LLC now owns 7,951,230 shares of the company’s stock valued at $1,950,711,000 after purchasing an additional 223,188 shares during the last quarter. Invesco Ltd. grew its stake in shares of DoorDash by 12.0% in the 2nd quarter. Invesco Ltd. now owns 5,375,480 shares of the company’s stock worth $1,325,110,000 after buying an additional 575,629 shares in the last quarter. Price T Rowe Associates Inc. MD increased its holdings in shares of DoorDash by 15.0% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 4,907,970 shares of the company’s stock worth $897,031,000 after buying an additional 641,601 shares during the last quarter. Finally, Norges Bank purchased a new stake in shares of DoorDash during the 2nd quarter valued at about $1,185,576,000. Hedge funds and other institutional investors own 90.64% of the company’s stock.

DoorDash Stock Performance

Shares of DoorDash stock opened at $225.00 on Monday. The company has a quick ratio of 2.04, a current ratio of 2.04 and a debt-to-equity ratio of 0.29. The stock’s fifty day moving average is $237.29 and its two-hundred day moving average is $239.36. DoorDash, Inc. has a 52 week low of $155.40 and a 52 week high of $285.50. The company has a market capitalization of $96.98 billion, a PE ratio of 114.21 and a beta of 1.72.

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

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the company. Jefferies Financial Group raised DoorDash from a “hold” rating to a “buy” rating in a research note on Wednesday, November 19th. KeyCorp reiterated an “overweight” rating and issued a $280.00 target price on shares of DoorDash in a report on Friday, November 21st. Guggenheim restated a “buy” rating and set a $280.00 price target on shares of DoorDash in a report on Wednesday, November 19th. Needham & Company LLC lowered their price target on DoorDash from $300.00 to $275.00 and set a “buy” rating for the company in a research report on Friday, November 14th. Finally, Zacks Research cut shares of DoorDash from a “strong-buy” rating to a “hold” rating in a research report on Monday, November 10th. One 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. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $275.62.

Insider Activity

In other news, Director Alfred Lin bought 125,000 shares of the firm’s stock in a transaction on Wednesday, November 26th. The stock was acquired at an average cost of $199.01 per share, with a total value of $24,876,250.00. Following the transaction, the director directly owned 514,047 shares in the company, valued at approximately $102,300,493.47. This trade represents a 32.13% increase in their position. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Tony Xu sold 288,410 shares of the company’s stock in a transaction on Thursday, November 20th. The stock was sold at an average price of $196.04, for a total value of $56,539,896.40. Following the completion of the sale, the chief executive officer owned 232,040 shares of the company’s stock, valued at $45,489,121.60. This represents a 55.42% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 679,563 shares of company stock valued at $152,902,593. Insiders own 5.83% 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.