Los Angeles Capital Management LLC Has $102.81 Million Position in DoorDash, Inc. (NASDAQ:DASH)

Los Angeles Capital Management LLC raised its position in DoorDash, Inc. (NASDAQ:DASH) by 40,319.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,039,592 shares of the company’s stock after buying an additional 1,037,020 shares during the quarter. Los Angeles Capital Management LLC’s holdings in DoorDash were worth $102,805,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in DASH. Assenagon Asset Management S.A. grew its holdings in DoorDash by 1,725.6% in the 4th quarter. Assenagon Asset Management S.A. now owns 1,113,175 shares of the company’s stock valued at $110,082,000 after buying an additional 1,052,198 shares in the last quarter. Vanguard Group Inc. grew its holdings in DoorDash by 3.0% in the 3rd quarter. Vanguard Group Inc. now owns 27,043,520 shares of the company’s stock valued at $2,149,149,000 after buying an additional 781,861 shares in the last quarter. Baillie Gifford & Co. grew its holdings in DoorDash by 6.4% in the 4th quarter. Baillie Gifford & Co. now owns 12,775,622 shares of the company’s stock valued at $1,263,381,000 after buying an additional 772,977 shares in the last quarter. Invesco Ltd. grew its holdings in DoorDash by 169.4% in the 3rd quarter. Invesco Ltd. now owns 999,612 shares of the company’s stock valued at $79,439,000 after buying an additional 628,561 shares in the last quarter. Finally, Qube Research & Technologies Ltd acquired a new position in DoorDash in the 3rd quarter valued at $48,965,000. 90.64% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at DoorDash

In related news, CAO Gordon S. Lee sold 1,000 shares of the company’s stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of $124.50, for a total value of $124,500.00. Following the sale, the chief accounting officer now directly owns 92,207 shares in the company, valued at $11,479,771.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, CAO Gordon S. Lee sold 1,000 shares of the stock in a transaction on Friday, March 1st. The shares were sold at an average price of $124.50, for a total transaction of $124,500.00. Following the completion of the sale, the chief accounting officer now directly owns 92,207 shares in the company, valued at $11,479,771.50. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CEO Tony Xu sold 132,300 shares of the stock in a transaction on Thursday, March 14th. The stock was sold at an average price of $131.96, for a total transaction of $17,458,308.00. The disclosure for this sale can be found here. Insiders sold 480,782 shares of company stock worth $63,130,157 over the last ninety days. 9.59% of the stock is owned by insiders.

DoorDash Stock Down 10.7 %

Shares of DASH stock traded down $13.59 during trading hours on Thursday, hitting $113.87. 14,112,795 shares of the company’s stock traded hands, compared to its average volume of 3,780,676. The stock has a market cap of $46.00 billion, a PE ratio of -78.87, a price-to-earnings-growth ratio of 14.38 and a beta of 1.78. The stock’s 50 day simple moving average is $132.16 and its 200 day simple moving average is $109.84. DoorDash, Inc. has a 12 month low of $60.36 and a 12 month high of $143.34.

DoorDash (NASDAQ:DASH) last posted its quarterly earnings data on Wednesday, May 1st. The company reported ($0.06) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.07) by $0.01. The business had revenue of $2.51 billion during the quarter, compared to the consensus estimate of $2.45 billion. DoorDash had a negative return on equity of 8.49% and a negative net margin of 6.46%. DoorDash’s quarterly revenue was up 23.5% on a year-over-year basis. During the same period in the prior year, the business posted ($0.41) earnings per share. As a group, equities research analysts expect that DoorDash, Inc. will post 0.21 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

DASH has been the topic of a number of research reports. Deutsche Bank Aktiengesellschaft upped their price objective on DoorDash from $140.00 to $155.00 and gave the company a “buy” rating in a report on Tuesday, April 16th. UBS Group reduced their price objective on shares of DoorDash from $123.00 to $118.00 and set a “neutral” rating on the stock in a research note on Friday, February 16th. JMP Securities dropped their target price on shares of DoorDash from $160.00 to $140.00 and set a “market outperform” rating for the company in a research report on Thursday. Morgan Stanley raised shares of DoorDash from an “equal weight” rating to an “overweight” rating and upped their price target for the stock from $135.00 to $145.00 in a report on Thursday, February 22nd. Finally, Benchmark lowered their price objective on shares of DoorDash from $165.00 to $150.00 and set a “buy” rating for the company in a research report on Thursday. Nine investment analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $129.40.

About DoorDash

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.