DoorDash, Inc. (NASDAQ:DASH) Shares Purchased by Pacer Advisors Inc.

Pacer Advisors Inc. raised its holdings in DoorDash, Inc. (NASDAQ:DASH) by 3.4% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 19,814 shares of the company’s stock after acquiring an additional 651 shares during the quarter. Pacer Advisors Inc.’s holdings in DoorDash were worth $3,324,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in DASH. The Manufacturers Life Insurance Company boosted its holdings in DoorDash by 13.6% during the second quarter. The Manufacturers Life Insurance Company now owns 65,706 shares of the company’s stock worth $7,146,000 after buying an additional 7,853 shares in the last quarter. Mackenzie Financial Corp grew its holdings in shares of DoorDash by 4.6% in the 2nd quarter. Mackenzie Financial Corp now owns 18,073 shares of the company’s stock worth $1,966,000 after acquiring an additional 789 shares during the last quarter. Algert Global LLC acquired a new stake in shares of DoorDash during the second quarter worth $338,000. Quarry LP purchased a new stake in shares of DoorDash during the second quarter valued at $60,000. Finally, Cetera Investment Advisers boosted its position in shares of DoorDash by 7.2% in the 2nd quarter. Cetera Investment Advisers now owns 11,747 shares of the company’s stock valued at $1,278,000 after purchasing an additional 788 shares during the period. Institutional investors own 90.64% of the company’s stock.

DoorDash Stock Performance

Shares of DoorDash stock opened at $188.57 on Friday. DoorDash, Inc. has a twelve month low of $99.32 and a twelve month high of $189.23. The firm has a market cap of $78.33 billion, a P/E ratio of -419.04, a price-to-earnings-growth ratio of 1.85 and a beta of 1.71. The firm’s 50-day simple moving average is $175.06 and its 200-day simple moving average is $150.38.

DoorDash (NASDAQ:DASH) last issued its earnings results on Wednesday, October 30th. The company reported $0.38 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.21 by $0.17. The business had revenue of $2.71 billion during 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 quarterly revenue was up 25.0% compared to the same quarter last year. During the same period in the prior year, the firm posted ($0.19) EPS. On average, equities analysts forecast that DoorDash, Inc. will post 0.29 earnings per share for the current fiscal year.

Insider Buying and Selling at DoorDash

In related news, insider Keith Yandell sold 7,980 shares of the stock in a transaction that occurred on Wednesday, November 20th. The stock was sold at an average price of $169.98, for a total transaction of $1,356,440.40. Following the sale, the insider now directly owns 124,221 shares in the company, valued at $21,115,085.58. This represents a 6.04 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Andy Fang sold 50,000 shares of DoorDash stock in a transaction on Monday, November 18th. The shares were sold at an average price of $172.67, for a total value of $8,633,500.00. Following the completion of the transaction, the director now owns 18,089 shares of the company’s stock, valued at approximately $3,123,427.63. The trade was a 73.43 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 1,040,758 shares of company stock worth $181,434,201 over the last three months. Company insiders own 7.92% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have issued reports on DASH. Barclays boosted their price objective on DoorDash from $120.00 to $163.00 and gave the stock an “equal weight” rating in a report on Friday, November 1st. Mizuho raised their price objective on shares of DoorDash from $162.00 to $173.00 and gave the stock an “outperform” rating in a research note on Thursday, October 24th. Wolfe Research boosted their target price on shares of DoorDash from $210.00 to $220.00 and gave the company an “outperform” rating in a research note on Friday, January 3rd. Evercore ISI raised their target price on DoorDash from $155.00 to $200.00 and gave the stock an “outperform” rating in a research report on Thursday, October 31st. Finally, UBS Group upped their price target on DoorDash from $143.00 to $160.00 and gave the company a “neutral” rating in a research report on Friday, October 18th. Nine research analysts have rated the stock with a hold rating and twenty-five have assigned a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $178.18.

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.