David J Yvars Group Makes New $477,000 Investment in DoorDash, Inc. (NASDAQ:DASH)

David J Yvars Group bought a new position in shares of DoorDash, Inc. (NASDAQ:DASH) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 2,845 shares of the company’s stock, valued at approximately $477,000.

Other large investors have also recently bought and sold shares of the company. Baillie Gifford & Co. boosted its stake in DoorDash by 13.2% during the 3rd quarter. Baillie Gifford & Co. now owns 14,142,674 shares of the company’s stock valued at $2,018,584,000 after purchasing an additional 1,645,186 shares during the period. State Street Corp grew its stake in shares of DoorDash by 3.8% in the third quarter. State Street Corp now owns 7,395,891 shares of the company’s stock worth $1,055,616,000 after purchasing an additional 272,659 shares in the last quarter. Janus Henderson Group PLC increased its holdings in shares of DoorDash by 14.5% during the third quarter. Janus Henderson Group PLC now owns 5,533,288 shares of the company’s stock valued at $789,766,000 after purchasing an additional 700,465 shares during the period. Geode Capital Management LLC raised its position in shares of DoorDash by 6.4% during the 3rd quarter. Geode Capital Management LLC now owns 4,472,154 shares of the company’s stock worth $636,652,000 after buying an additional 267,855 shares in the last quarter. Finally, Franklin Resources Inc. lifted its position in DoorDash by 15.2% in the third quarter. Franklin Resources Inc. now owns 3,800,396 shares of the company’s stock worth $570,135,000 after purchasing an additional 501,905 shares during the period. Institutional investors own 90.64% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on DASH shares. Loop Capital upped their price target on DoorDash from $170.00 to $200.00 and gave the company a “buy” rating in a report on Tuesday, November 12th. Royal Bank of Canada lifted their price objective on DoorDash from $175.00 to $215.00 and gave the company an “outperform” rating in a research report on Friday, December 6th. Barclays raised their price target on shares of DoorDash from $120.00 to $163.00 and gave the company an “equal weight” rating in a report on Friday, November 1st. Argus raised DoorDash from a “hold” rating to a “buy” rating in a research report on Friday, December 20th. Finally, BTIG Research raised shares of DoorDash from a “neutral” rating to a “buy” rating and set a $155.00 price objective for the company in a report on Thursday, September 19th. Nine investment analysts have rated the stock with a hold rating and twenty-five have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $174.30.

DoorDash Price Performance

Shares of NASDAQ:DASH opened at $168.37 on Tuesday. The company has a 50 day moving average of $173.31 and a 200-day moving average of $144.48. The stock has a market cap of $69.94 billion, a price-to-earnings ratio of -374.16, a P/E/G ratio of 13.46 and a beta of 1.71. DoorDash, Inc. has a one year low of $99.32 and a one year high of $181.78.

DoorDash (NASDAQ:DASH) last posted its earnings results on Wednesday, October 30th. The company reported $0.38 earnings per share for the quarter, topping the consensus estimate of $0.21 by $0.17. DoorDash had a negative net margin of 1.69% and a negative return on equity of 2.41%. The company had revenue of $2.71 billion for the quarter, compared to analyst estimates of $2.66 billion. During the same period last year, the business posted ($0.19) earnings per share. The business’s revenue for the quarter was up 25.0% compared to the same quarter last year. Equities research analysts anticipate that DoorDash, Inc. will post 0.26 earnings per share for the current year.

Insider Transactions at DoorDash

In other DoorDash news, Director Stanley Tang sold 1,855 shares of DoorDash stock in a transaction dated Wednesday, November 20th. The stock was sold at an average price of $169.98, for a total value of $315,312.90. Following the transaction, the director now owns 35,413 shares in the company, valued at $6,019,501.74. The trade was a 4.98 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Tony Xu sold 108,332 shares of the firm’s stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $170.25, for a total transaction of $18,443,523.00. Following the completion of the sale, the chief executive officer now owns 1,500 shares in the company, valued at approximately $255,375. The trade was a 98.63 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 919,321 shares of company stock valued at $160,637,965 in the last ninety days. 7.92% of the stock is currently owned by corporate insiders.

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.