Gateway Investment Advisers LLC Trims Stock Position in DoorDash, Inc. (NASDAQ:DASH)

Gateway Investment Advisers LLC lessened its stake in shares of DoorDash, Inc. (NASDAQ:DASH) by 7.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,852 shares of the company’s stock after selling 535 shares during the quarter. Gateway Investment Advisers LLC’s holdings in DoorDash were worth $1,149,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Envestnet Asset Management Inc. increased its stake in DoorDash by 2.4% during the 2nd quarter. Envestnet Asset Management Inc. now owns 79,476 shares of the company’s stock worth $8,645,000 after buying an additional 1,828 shares during the period. Dimensional Fund Advisors LP grew its holdings in shares of DoorDash by 4.1% during the second quarter. Dimensional Fund Advisors LP now owns 919,633 shares of the company’s stock worth $100,051,000 after purchasing an additional 36,551 shares during the last quarter. Meiji Yasuda Asset Management Co Ltd. increased its position in DoorDash by 4.9% during the second quarter. Meiji Yasuda Asset Management Co Ltd. now owns 3,840 shares of the company’s stock worth $418,000 after buying an additional 180 shares during the period. Amalgamated Bank increased its holdings in shares of DoorDash by 13.4% in the 2nd quarter. Amalgamated Bank now owns 22,880 shares of the company’s stock valued at $2,489,000 after acquiring an additional 2,710 shares during the period. Finally, Vanguard Personalized Indexing Management LLC grew its stake in shares of DoorDash by 11.6% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 21,743 shares of the company’s stock valued at $2,365,000 after purchasing an additional 2,265 shares during the last quarter. Institutional investors and hedge funds own 90.64% of the company’s stock.

Insider Buying and Selling at DoorDash

In other DoorDash news, CEO Tony Xu sold 115,432 shares of the firm’s stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $177.01, for a total value of $20,432,618.32. Following the transaction, the chief executive officer now directly owns 1,500 shares of the company’s stock, valued at $265,515. This trade represents a 98.72 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Andy Fang sold 50,000 shares of the company’s stock in a transaction that occurred 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 sale, the director now directly owns 18,089 shares of the company’s stock, valued at approximately $3,123,427.63. This trade represents a 73.43 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 1,019,333 shares of company stock worth $177,556,541 over the last 90 days. Company insiders own 7.92% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the company. Jefferies Financial Group raised their price objective on DoorDash from $155.00 to $180.00 and gave the company a “buy” rating in a research note on Tuesday, October 22nd. Barclays raised their price target on shares of DoorDash from $120.00 to $163.00 and gave the company an “equal weight” rating in a report on Friday, November 1st. JPMorgan Chase & Co. lifted their price target on shares of DoorDash from $137.00 to $155.00 and gave the company a “neutral” rating in a research report on Thursday, October 31st. Loop Capital increased their price objective on shares of DoorDash from $170.00 to $200.00 and gave the stock a “buy” rating in a research report on Tuesday, November 12th. Finally, KeyCorp lifted their target price on shares of DoorDash from $180.00 to $225.00 and gave the company an “overweight” rating in a report on Thursday, January 9th. Nine analysts have rated the stock with a hold rating and twenty-five have given a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $175.97.

DoorDash Trading Up 2.1 %

Shares of DASH stock opened at $174.48 on Friday. The firm’s 50 day moving average is $173.60 and its 200-day moving average is $145.99. DoorDash, Inc. has a 1 year low of $99.32 and a 1 year high of $181.78. The firm has a market capitalization of $72.48 billion, a price-to-earnings ratio of -387.73, a PEG ratio of 1.77 and a beta of 1.71.

DoorDash (NASDAQ:DASH) last released its quarterly earnings data on Wednesday, October 30th. The company reported $0.38 earnings per share for the quarter, beating the consensus estimate of $0.21 by $0.17. The business had revenue of $2.71 billion for the quarter, compared to analysts’ expectations of $2.66 billion. DoorDash had a negative return on equity of 2.41% and a negative net margin of 1.69%. DoorDash’s revenue for the quarter was up 25.0% on a year-over-year basis. During the same quarter in the previous year, the business posted ($0.19) EPS. On average, equities research analysts forecast that DoorDash, Inc. will post 0.26 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.