Dimensional Fund Advisors LP Purchases 36,551 Shares of DoorDash, Inc. (NASDAQ:DASH)

Dimensional Fund Advisors LP lifted its position in shares of DoorDash, Inc. (NASDAQ:DASH) by 4.1% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 919,633 shares of the company’s stock after acquiring an additional 36,551 shares during the quarter. Dimensional Fund Advisors LP’s holdings in DoorDash were worth $100,051,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. PNC Financial Services Group Inc. lifted its position in DoorDash by 40.8% during the 4th quarter. PNC Financial Services Group Inc. now owns 15,431 shares of the company’s stock valued at $1,526,000 after purchasing an additional 4,475 shares during the period. Wells Fargo & Company MN boosted its stake in DoorDash by 102.5% in the fourth quarter. Wells Fargo & Company MN now owns 199,152 shares of the company’s stock valued at $19,694,000 after acquiring an additional 100,787 shares during the last quarter. Corient Private Wealth LLC grew its holdings in DoorDash by 4.2% during the 4th quarter. Corient Private Wealth LLC now owns 8,015 shares of the company’s stock worth $793,000 after acquiring an additional 320 shares during the period. US Bancorp DE grew its holdings in DoorDash by 9.1% during the 4th quarter. US Bancorp DE now owns 6,874 shares of the company’s stock worth $680,000 after acquiring an additional 573 shares during the period. Finally, Commerce Bank raised its position in shares of DoorDash by 3.4% during the 4th quarter. Commerce Bank now owns 5,073 shares of the company’s stock valued at $502,000 after acquiring an additional 166 shares during the last quarter. Institutional investors and hedge funds own 90.64% of the company’s stock.

DoorDash Stock Performance

NASDAQ:DASH opened at $141.68 on Wednesday. The stock’s 50-day simple moving average is $122.71 and its 200 day simple moving average is $121.55. DoorDash, Inc. has a 52-week low of $69.90 and a 52-week high of $143.34. The company has a market cap of $57.93 billion, a P/E ratio of -131.19, a P/E/G ratio of 275.59 and a beta of 1.69.

DoorDash (NASDAQ:DASH) last announced its quarterly earnings data on Thursday, August 1st. The company reported ($0.38) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.09) by ($0.29). The company had revenue of $2.63 billion for the quarter, compared to the consensus estimate of $2.54 billion. DoorDash had a negative return on equity of 5.91% and a negative net margin of 4.24%. The company’s revenue for the quarter was up 23.3% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.44) EPS. As a group, equities analysts predict that DoorDash, Inc. will post 0.01 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the company. BTIG Research raised DoorDash from a “neutral” rating to a “buy” rating and set a $155.00 price objective for the company in a research note on Thursday, September 19th. DA Davidson upped their price target on DoorDash from $110.00 to $119.00 and gave the company a “neutral” rating in a research note on Monday, August 5th. Wells Fargo & Company lifted their price objective on shares of DoorDash from $125.00 to $127.00 and gave the stock an “equal weight” rating in a research note on Friday, August 2nd. Piper Sandler restated a “neutral” rating and set a $125.00 price objective (up previously from $115.00) on shares of DoorDash in a report on Friday, August 2nd. Finally, Cantor Fitzgerald reiterated an “overweight” rating and issued a $160.00 target price on shares of DoorDash in a report on Monday. Eleven equities research analysts have rated the stock with a hold rating and twenty-one have assigned a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $143.40.

Insiders Place Their Bets

In other news, CEO Tony Xu sold 54,166 shares of the business’s stock in a transaction dated Monday, July 1st. The shares were sold at an average price of $107.75, for a total transaction of $5,836,386.50. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In related news, CFO Ravi Inukonda sold 7,000 shares of the stock in a transaction on Friday, June 28th. The stock was sold at an average price of $109.30, for a total value of $765,100.00. Following the sale, the chief financial officer now owns 424,223 shares in the company, valued at approximately $46,367,573.90. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Tony Xu sold 54,166 shares of DoorDash stock in a transaction on Monday, July 1st. The stock was sold at an average price of $107.75, for a total transaction of $5,836,386.50. The disclosure for this sale can be found here. Over the last three months, insiders have sold 303,057 shares of company stock valued at $34,570,133. 7.92% of the stock is currently owned by corporate insiders.

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.