69,326 Shares in DoorDash, Inc. (NYSE:DASH) Bought by Great West Life Assurance Co. Can

Great West Life Assurance Co. Can bought a new position in DoorDash, Inc. (NYSE:DASHGet Rating) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 69,326 shares of the company’s stock, valued at approximately $3,425,000.

Several other large investors have also made changes to their positions in DASH. Raymond James & Associates raised its position in shares of DoorDash by 123.4% in the 1st quarter. Raymond James & Associates now owns 6,286 shares of the company’s stock worth $737,000 after buying an additional 3,472 shares during the period. Raymond James Financial Services Advisors Inc. raised its position in shares of DoorDash by 43.2% in the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 3,825 shares of the company’s stock worth $448,000 after buying an additional 1,153 shares during the period. American Century Companies Inc. increased its holdings in DoorDash by 18.3% in the 1st quarter. American Century Companies Inc. now owns 4,444 shares of the company’s stock valued at $521,000 after purchasing an additional 689 shares in the last quarter. US Bancorp DE increased its holdings in DoorDash by 204.6% in the 1st quarter. US Bancorp DE now owns 926 shares of the company’s stock valued at $109,000 after purchasing an additional 622 shares in the last quarter. Finally, PNC Financial Services Group Inc. increased its holdings in DoorDash by 305.6% in the 1st quarter. PNC Financial Services Group Inc. now owns 3,553 shares of the company’s stock valued at $415,000 after purchasing an additional 2,677 shares in the last quarter. 72.65% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on DASH. DA Davidson lowered their price target on DoorDash from $82.00 to $60.00 and set a “neutral” rating for the company in a report on Friday, November 4th. Royal Bank of Canada downgraded DoorDash from an “outperform” rating to a “sector perform” rating and lowered their price target for the company from $70.00 to $60.00 in a report on Friday, December 2nd. Wells Fargo & Company lowered their price target on DoorDash from $100.00 to $71.00 and set an “overweight” rating for the company in a report on Thursday, January 19th. Mizuho lowered their price target on DoorDash from $70.00 to $65.00 and set a “neutral” rating for the company in a report on Thursday, January 5th. Finally, Barclays lowered their target price on DoorDash from $90.00 to $60.00 in a research note on Sunday, November 6th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $90.33.

DoorDash Stock Up 4.4 %

Shares of NYSE DASH opened at $60.59 on Tuesday. The firm’s 50-day moving average price is $53.60 and its two-hundred day moving average price is $58.11. DoorDash, Inc. has a 52-week low of $41.37 and a 52-week high of $130.20. The stock has a market capitalization of $23.52 billion, a P/E ratio of -25.04 and a beta of 1.35.

DoorDash (NYSE:DASHGet Rating) last issued its earnings results on Thursday, November 3rd. The company reported ($0.77) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.60) by ($0.17). DoorDash had a negative return on equity of 14.94% and a negative net margin of 14.51%. The business had revenue of $1.70 billion during the quarter, compared to the consensus estimate of $1.64 billion. As a group, equities research analysts expect that DoorDash, Inc. will post -2.69 earnings per share for the current year.

Insiders Place Their Bets

In other news, Director Shona L. Brown sold 1,250 shares of DoorDash stock in a transaction that occurred on Friday, January 6th. The stock was sold at an average price of $47.32, for a total transaction of $59,150.00. Following the sale, the director now owns 82,278 shares of the company’s stock, valued at $3,893,394.96. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In other news, COO Christopher D. Payne sold 47,093 shares of DoorDash stock in a transaction that occurred on Monday, January 9th. The stock was sold at an average price of $47.79, for a total transaction of $2,250,574.47. Following the sale, the chief operating officer now owns 353,943 shares of the company’s stock, valued at $16,914,935.97. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Shona L. Brown sold 1,250 shares of DoorDash stock in a transaction that occurred on Friday, January 6th. The shares were sold at an average price of $47.32, for a total value of $59,150.00. Following the sale, the director now directly owns 82,278 shares in the company, valued at approximately $3,893,394.96. The disclosure for this sale can be found here. Insiders have sold 146,605 shares of company stock valued at $7,622,620 over the last quarter. Insiders own 12.10% of the company’s stock.

DoorDash Profile

(Get Rating)

DoorDash, Inc operates a logistics platform that connects merchants, consumers, and dashers in the United States and internationally. It operates DoorDash marketplace, which provides an array of services that enable merchants to solve mission-critical challenges, such as customer acquisition, delivery, insights and analytics, merchandising, payment processing, and customer support; and offers DoorDash Drive, a white-label logistics service; DoorDash Storefront that enables merchants to offer consumers on-demand access to e-commerce.

Further Reading

Want to see what other hedge funds are holding DASH? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for DoorDash, Inc. (NYSE:DASHGet Rating).

Institutional Ownership by Quarter for DoorDash (NYSE:DASH)

Receive News & Ratings for DoorDash Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for DoorDash and related companies with MarketBeat.com's FREE daily email newsletter.