27,266 Shares in DoorDash, Inc. (NASDAQ:DASH) Acquired by Decker Retirement Planning Inc.

Decker Retirement Planning Inc. purchased a new position in shares of DoorDash, Inc. (NASDAQ:DASH) during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor purchased 27,266 shares of the company’s stock, valued at approximately $4,574,000. DoorDash accounts for 2.7% of Decker Retirement Planning Inc.’s holdings, making the stock its 13th biggest position.

A number of other institutional investors have also added to or reduced their stakes in the company. Asset Management One Co. Ltd. grew its holdings in shares of DoorDash by 10.6% in the third quarter. Asset Management One Co. Ltd. now owns 112,181 shares of the company’s stock valued at $16,012,000 after acquiring an additional 10,755 shares in the last quarter. Marshall Wace LLP grew its holdings in shares of DoorDash by 930.5% in the second quarter. Marshall Wace LLP now owns 675,988 shares of the company’s stock valued at $73,534,000 after acquiring an additional 610,388 shares in the last quarter. Forsta AP Fonden grew its holdings in shares of DoorDash by 18.6% in the third quarter. Forsta AP Fonden now owns 64,500 shares of the company’s stock valued at $9,206,000 after acquiring an additional 10,100 shares in the last quarter. Sanctuary Advisors LLC grew its holdings in shares of DoorDash by 48.8% in the third quarter. Sanctuary Advisors LLC now owns 10,663 shares of the company’s stock valued at $1,522,000 after acquiring an additional 3,498 shares in the last quarter. Finally, Baillie Gifford & Co. grew its holdings in shares of DoorDash by 13.2% in the third quarter. Baillie Gifford & Co. now owns 14,142,674 shares of the company’s stock valued at $2,018,584,000 after acquiring an additional 1,645,186 shares in the last quarter. 90.64% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. Loop Capital upped their target price on DoorDash from $170.00 to $200.00 and gave the company a “buy” rating in a report on Tuesday, November 12th. Keefe, Bruyette & Woods raised DoorDash from a “market perform” rating to an “outperform” rating and set a $177.00 target price for the company in a report on Wednesday, September 25th. Citigroup increased their price objective on DoorDash from $155.00 to $211.00 and gave the company a “buy” rating in a report on Wednesday, November 27th. BMO Capital Markets increased their price objective on DoorDash from $140.00 to $180.00 and gave the company an “outperform” rating in a report on Thursday, October 31st. Finally, Oppenheimer increased their price objective on DoorDash from $145.00 to $160.00 and gave the company an “outperform” rating in a report on Friday, September 27th. Nine investment analysts have rated the stock with a hold rating and twenty-five have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $175.97.

DoorDash Stock Down 0.2 %

NASDAQ DASH opened at $170.85 on Friday. The stock’s 50-day simple moving average is $173.54 and its two-hundred day simple moving average is $145.27. DoorDash, Inc. has a twelve month low of $99.32 and a twelve month high of $181.78. The company has a market capitalization of $70.97 billion, a price-to-earnings ratio of -379.67, a PEG ratio of 1.77 and a beta of 1.71.

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

Insider Buying and Selling at DoorDash

In other news, CEO Tony Xu sold 108,332 shares of DoorDash stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $170.25, for a total value of $18,443,523.00. Following the transaction, the chief executive officer now owns 1,500 shares in the company, valued at approximately $255,375. The trade was a 98.63 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Keith Yandell sold 7,980 shares of DoorDash stock in a transaction dated Wednesday, November 20th. The stock was sold at an average price of $169.98, for a total value of $1,356,440.40. Following the completion of the transaction, the insider now owns 124,221 shares in the company, valued at approximately $21,115,085.58. This represents a 6.04 % 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. Corporate insiders own 7.92% of the company’s stock.

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.