Eagle Asset Management Inc. Has $120.92 Million Stock Position in DoorDash, Inc. (NASDAQ:DASH)

Eagle Asset Management Inc. cut its stake in shares of DoorDash, Inc. (NASDAQ:DASH) by 29.0% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 847,205 shares of the company’s stock after selling 345,545 shares during the period. Eagle Asset Management Inc.’s holdings in DoorDash were worth $120,922,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of the stock. Rakuten Securities Inc. raised its holdings in shares of DoorDash by 302.3% in the 3rd quarter. Rakuten Securities Inc. now owns 173 shares of the company’s stock valued at $25,000 after purchasing an additional 130 shares during the period. Headlands Technologies LLC bought a new stake in DoorDash in the second quarter valued at approximately $32,000. Meeder Asset Management Inc. lifted its position in shares of DoorDash by 82.0% in the second quarter. Meeder Asset Management Inc. now owns 293 shares of the company’s stock valued at $32,000 after buying an additional 132 shares during the last quarter. Versant Capital Management Inc boosted its stake in shares of DoorDash by 340.8% during the 2nd quarter. Versant Capital Management Inc now owns 335 shares of the company’s stock worth $36,000 after acquiring an additional 259 shares during the period. Finally, Quest Partners LLC increased its holdings in shares of DoorDash by 146.8% during the 2nd quarter. Quest Partners LLC now owns 343 shares of the company’s stock worth $37,000 after acquiring an additional 204 shares during the last quarter. 90.64% of the stock is currently owned by institutional investors.

Insider Buying and Selling at DoorDash

In related news, CEO Tony Xu sold 54,166 shares of the business’s stock in a transaction on Monday, September 23rd. The shares were sold at an average price of $140.06, for a total transaction of $7,586,489.96. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Andy Fang sold 50,000 shares of the firm’s stock in a transaction on Monday, November 18th. The stock was sold at an average price of $172.67, for a total transaction of $8,633,500.00. Following the completion of the sale, the director now owns 18,089 shares of the company’s stock, valued at $3,123,427.63. The trade was a 73.43 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 482,871 shares of company stock worth $73,516,353. Insiders own 7.92% of the company’s stock.

Wall Street Analyst Weigh In

DASH has been the subject of a number of research analyst reports. 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 research report on Thursday, September 19th. JMP Securities lifted their target price on shares of DoorDash from $160.00 to $190.00 and gave the stock a “market outperform” rating in a report on Thursday, October 31st. UBS Group increased their price target on shares of DoorDash from $143.00 to $160.00 and gave the company a “neutral” rating in a report on Friday, October 18th. Benchmark boosted their price objective on DoorDash from $152.00 to $173.00 and gave the stock a “buy” rating in a report on Thursday, October 17th. Finally, Barclays increased their target price on DoorDash from $120.00 to $163.00 and gave the stock an “equal weight” rating in a research note on Friday, November 1st. Ten equities research analysts have rated the stock with a hold rating and twenty-four have given a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $164.03.

DoorDash Trading Up 0.8 %

Shares of DASH stock opened at $173.65 on Friday. The business’s 50-day moving average price is $152.69 and its 200-day moving average price is $128.46. DoorDash, Inc. has a 12 month low of $92.56 and a 12 month high of $178.16. The firm has a market capitalization of $72.13 billion, a price-to-earnings ratio of -385.88, a PEG ratio of 14.82 and a beta of 1.67.

DoorDash (NASDAQ:DASH) last announced its quarterly earnings results on Wednesday, October 30th. The company reported $0.38 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.21 by $0.17. The firm had revenue of $2.71 billion during the quarter, compared to analysts’ expectations of $2.66 billion. DoorDash had a negative net margin of 1.69% and a negative return on equity of 2.41%. The company’s revenue was up 25.0% on a year-over-year basis. During the same period in the prior year, the company posted ($0.19) EPS. On average, sell-side analysts predict that DoorDash, Inc. will post 0.24 earnings per share for the current fiscal year.

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.