Price T Rowe Associates Inc. MD Has $753.28 Million Stock Position in DoorDash, Inc. (NASDAQ:DASH)

Price T Rowe Associates Inc. MD raised its holdings in DoorDash, Inc. (NASDAQ:DASH) by 4.6% in the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 5,469,647 shares of the company’s stock after acquiring an additional 242,956 shares during the quarter. Price T Rowe Associates Inc. MD owned approximately 1.34% of DoorDash worth $753,281,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Spire Wealth Management acquired a new stake in shares of DoorDash during the first quarter worth $25,000. Venturi Wealth Management LLC increased its position in shares of DoorDash by 54.5% during the first quarter. Venturi Wealth Management LLC now owns 255 shares of the company’s stock worth $35,000 after buying an additional 90 shares during the period. ORG Partners LLC increased its position in shares of DoorDash by 2,108.3% during the first quarter. ORG Partners LLC now owns 265 shares of the company’s stock worth $37,000 after buying an additional 253 shares during the period. Parkside Financial Bank & Trust increased its position in shares of DoorDash by 361.2% during the fourth quarter. Parkside Financial Bank & Trust now owns 392 shares of the company’s stock worth $39,000 after buying an additional 307 shares during the period. Finally, Hollencrest Capital Management acquired a new stake in shares of DoorDash during the first quarter worth $42,000. 90.64% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms have recently weighed in on DASH. Wolfe Research began coverage on shares of DoorDash in a research report on Tuesday, July 16th. They set an “outperform” rating and a $130.00 price objective for the company. Moffett Nathanson raised shares of DoorDash from a “neutral” rating to a “buy” rating and increased their target price for the stock from $118.00 to $164.00 in a research note on Thursday, April 11th. Roth Mkm cut their target price on shares of DoorDash from $121.00 to $118.00 and set a “neutral” rating on the stock in a research note on Thursday, May 2nd. Oppenheimer increased their target price on shares of DoorDash from $140.00 to $150.00 and gave the stock an “outperform” rating in a research note on Monday, April 29th. Finally, Wedbush reissued a “neutral” rating and set a $115.00 target price on shares of DoorDash in a research note on Thursday, May 2nd. Ten equities research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $135.96.

DoorDash Stock Up 3.9 %

Shares of DASH stock traded up $3.96 on Friday, reaching $104.74. The company’s stock had a trading volume of 4,026,241 shares, compared to its average volume of 4,284,231. DoorDash, Inc. has a 12-month low of $69.90 and a 12-month high of $143.34. The company has a market capitalization of $42.83 billion, a P/E ratio of -96.98, a PEG ratio of 38.96 and a beta of 1.67. The stock’s 50 day simple moving average is $109.60 and its 200-day simple moving average is $118.15.

DoorDash (NASDAQ:DASH) last issued its quarterly earnings data on Wednesday, May 1st. The company reported ($0.06) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.07) by $0.01. DoorDash had a negative return on equity of 6.28% and a negative net margin of 4.61%. The company had revenue of $2.51 billion for the quarter, compared to the consensus estimate of $2.45 billion. During the same quarter last year, the business posted ($0.41) earnings per share. The firm’s revenue was up 23.5% compared to the same quarter last year. Research analysts expect that DoorDash, Inc. will post 0.07 EPS for the current year.

Insider Buying and Selling at DoorDash

In other DoorDash news, CEO Tony Xu sold 131,590 shares of the firm’s stock in a transaction dated Monday, June 10th. The stock was sold at an average price of $111.61, for a total transaction of $14,686,759.90. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other DoorDash news, CEO Tony Xu sold 131,590 shares of the firm’s stock in a transaction dated Monday, June 10th. The stock was sold at an average price of $111.61, for a total transaction of $14,686,759.90. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Keith Yandell sold 12,088 shares of the firm’s stock in a transaction dated Wednesday, June 5th. The shares were sold at an average price of $111.84, for a total value of $1,351,921.92. Following the sale, the insider now owns 161,651 shares in the company, valued at approximately $18,079,047.84. The disclosure for this sale can be found here. Insiders have sold 459,016 shares of company stock worth $50,495,566 over the last 90 days. Corporate insiders own 7.92% of the company’s stock.

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.