Motley Fool Asset Management LLC Has $1.64 Million Stock Holdings in DoorDash, Inc. (NASDAQ:DASH)

Motley Fool Asset Management LLC raised its stake in DoorDash, Inc. (NASDAQ:DASH) by 11.6% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 11,923 shares of the company’s stock after buying an additional 1,243 shares during the quarter. Motley Fool Asset Management LLC’s holdings in DoorDash were worth $1,642,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Wells Fargo & Company MN increased its stake in DoorDash by 102.5% in the 4th quarter. Wells Fargo & Company MN now owns 199,152 shares of the company’s stock valued at $19,694,000 after buying an additional 100,787 shares during the period. Jupiter Asset Management Ltd. acquired a new position in shares of DoorDash during the 1st quarter worth $2,969,000. Sequoia Financial Advisors LLC acquired a new position in shares of DoorDash during the 4th quarter worth $769,000. Bank of Nova Scotia raised its holdings in shares of DoorDash by 298.3% during the 4th quarter. Bank of Nova Scotia now owns 186,201 shares of the company’s stock valued at $18,413,000 after purchasing an additional 139,450 shares in the last quarter. Finally, Franklin Resources Inc. raised its holdings in shares of DoorDash by 294.5% during the 4th quarter. Franklin Resources Inc. now owns 1,607,776 shares of the company’s stock valued at $158,993,000 after purchasing an additional 1,200,181 shares in the last quarter. Institutional investors and hedge funds own 90.64% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on DASH. Moffett Nathanson upgraded shares of DoorDash from a “neutral” rating to a “buy” rating and raised their price target for the company from $118.00 to $164.00 in a report on Thursday, April 11th. Argus assumed coverage on DoorDash in a research note on Tuesday, July 23rd. They set a “hold” rating for the company. Deutsche Bank Aktiengesellschaft upped their price target on DoorDash from $140.00 to $155.00 and gave the stock a “buy” rating in a research note on Tuesday, April 16th. Oppenheimer upped their price target on DoorDash from $140.00 to $150.00 and gave the stock an “outperform” rating in a research note on Monday, April 29th. Finally, JPMorgan Chase & Co. upped their price target on DoorDash from $108.00 to $111.00 and gave the stock a “neutral” rating in a research note on Thursday, May 2nd. Ten analysts have rated the stock with a hold rating and eighteen have given a buy rating to the stock. According to MarketBeat.com, DoorDash presently has a consensus rating of “Moderate Buy” and a consensus target price of $135.96.

Insider Transactions at DoorDash

In other news, CEO Tony Xu sold 54,166 shares of the stock in a transaction that occurred on Monday, July 15th. The stock was sold at an average price of $104.96, for a total value of $5,685,263.36. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, CEO Tony Xu sold 54,166 shares of the stock in a transaction that occurred on Monday, July 15th. The stock was sold at an average price of $104.96, for a total transaction of $5,685,263.36. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, General Counsel Tia Sherringham sold 11,740 shares of the stock in a transaction that occurred on Thursday, May 23rd. The stock was sold at an average price of $110.46, for a total value of $1,296,800.40. Following the sale, the general counsel now owns 183,512 shares in the company, valued at $20,270,735.52. The disclosure for this sale can be found here. In the last ninety days, insiders sold 452,016 shares of company stock valued at $49,578,916. Corporate insiders own 7.92% of the company’s stock.

DoorDash Stock Up 3.3 %

DoorDash stock traded up $3.51 during trading hours on Wednesday, hitting $110.72. The stock had a trading volume of 5,075,570 shares, compared to its average volume of 3,974,286. The company has a 50-day moving average of $109.31 and a two-hundred day moving average of $118.23. The company has a market cap of $45.27 billion, a PE ratio of -102.52, a price-to-earnings-growth ratio of 39.42 and a beta of 1.67. DoorDash, Inc. has a fifty-two week low of $69.90 and a fifty-two week high of $143.34.

DoorDash (NASDAQ:DASH) last posted its quarterly earnings results on Wednesday, May 1st. The company reported ($0.06) EPS for the quarter, beating the consensus estimate of ($0.07) by $0.01. The firm had revenue of $2.51 billion during the quarter, compared to analysts’ expectations of $2.45 billion. DoorDash had a negative return on equity of 6.28% and a negative net margin of 4.61%. The company’s revenue for the quarter was up 23.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted ($0.41) EPS. As a group, analysts forecast that DoorDash, Inc. will post 0.07 EPS 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.