Brooklyn Investment Group Has $287,000 Stock Holdings in DoorDash, Inc. (NASDAQ:DASH)

Brooklyn Investment Group lifted its holdings in shares of DoorDash, Inc. (NASDAQ:DASH) by 10.5% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,008 shares of the company’s stock after purchasing an additional 191 shares during the quarter. Brooklyn Investment Group’s holdings in DoorDash were worth $287,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of DASH. Baillie Gifford & Co. increased its position in DoorDash by 13.2% during the third quarter. Baillie Gifford & Co. now owns 14,142,674 shares of the company’s stock worth $2,018,584,000 after buying an additional 1,645,186 shares during the last quarter. Dragoneer Investment Group LLC increased its holdings in shares of DoorDash by 77.9% during the 2nd quarter. Dragoneer Investment Group LLC now owns 2,847,537 shares of the company’s stock valued at $309,755,000 after acquiring an additional 1,246,567 shares during the last quarter. Allspring Global Investments Holdings LLC raised its stake in shares of DoorDash by 216.1% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 1,082,362 shares of the company’s stock valued at $154,486,000 after acquiring an additional 739,961 shares in the last quarter. Jupiter Asset Management Ltd. lifted its holdings in DoorDash by 3,284.7% in the 2nd quarter. Jupiter Asset Management Ltd. now owns 729,779 shares of the company’s stock worth $79,385,000 after purchasing an additional 708,218 shares during the last quarter. Finally, Thrivent Financial for Lutherans lifted its holdings in DoorDash by 5,396.1% in the 3rd quarter. Thrivent Financial for Lutherans now owns 663,599 shares of the company’s stock worth $94,716,000 after purchasing an additional 651,525 shares during the last quarter. Institutional investors own 90.64% of the company’s stock.

DoorDash Trading Down 0.1 %

Shares of DASH opened at $179.01 on Wednesday. DoorDash, Inc. has a 52 week low of $92.56 and a 52 week high of $181.30. The business’s fifty day moving average price is $154.57 and its two-hundred day moving average price is $129.52.

DoorDash (NASDAQ:DASH) last announced its quarterly earnings data on Wednesday, October 30th. The company reported $0.38 EPS for the quarter, topping analysts’ consensus estimates of $0.21 by $0.17. The firm had revenue of $2.71 billion during the quarter, compared to analyst estimates of $2.66 billion. DoorDash had a negative return on equity of 2.41% and a negative net margin of 1.69%. The company’s revenue was up 25.0% on a year-over-year basis. During the same period last year, the company earned ($0.19) earnings per share. Research analysts anticipate that DoorDash, Inc. will post 0.26 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts have commented on DASH shares. Truist Financial increased their price target on DoorDash from $170.00 to $180.00 and gave the company a “buy” rating in a report on Thursday, October 31st. Barclays lifted their target price on shares of DoorDash from $120.00 to $163.00 and gave the stock an “equal weight” rating in a report on Friday, November 1st. JMP Securities upped their price target on shares of DoorDash from $160.00 to $190.00 and gave the company a “market outperform” rating in a report on Thursday, October 31st. Keefe, Bruyette & Woods upgraded DoorDash from a “market perform” rating to an “outperform” rating and set a $177.00 price objective on the stock in a research note on Wednesday, September 25th. Finally, Mizuho increased their target price on DoorDash from $162.00 to $173.00 and gave the company an “outperform” rating in a research note on Thursday, October 24th. Ten analysts have rated the stock with a hold rating and twenty-four have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $164.03.

Insider Buying and Selling at DoorDash

In other news, CEO Tony Xu sold 54,166 shares of the business’s stock in a transaction dated Monday, September 23rd. The stock was sold at an average price of $140.06, for a total transaction of $7,586,489.96. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Keith Yandell sold 5,509 shares of DoorDash stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $176.24, for a total transaction of $970,906.16. Following the transaction, the insider now directly owns 118,712 shares in the company, valued at $20,921,802.88. The trade was a 4.43 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 553,262 shares of company stock valued at $85,515,902. 7.92% of the stock is currently owned by insiders.

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.