DoorDash, Inc. (NASDAQ:DASH) Shares Sold by China Universal Asset Management Co. Ltd.

China Universal Asset Management Co. Ltd. trimmed its stake in shares of DoorDash, Inc. (NASDAQ:DASH) by 67.9% in the 3rd quarter, HoldingsChannel reports. The firm owned 6,198 shares of the company’s stock after selling 13,116 shares during the period. China Universal Asset Management Co. Ltd.’s holdings in DoorDash were worth $885,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Brighton Jones LLC lifted its holdings in DoorDash by 0.8% during the 2nd quarter. Brighton Jones LLC now owns 10,317 shares of the company’s stock worth $1,122,000 after buying an additional 82 shares during the last quarter. Everhart Financial Group Inc. lifted its holdings in shares of DoorDash by 3.1% in the 2nd quarter. Everhart Financial Group Inc. now owns 3,267 shares of the company’s stock valued at $355,000 after purchasing an additional 99 shares during the last quarter. E Fund Management Co. Ltd. lifted its holdings in shares of DoorDash by 3.5% in the 2nd quarter. E Fund Management Co. Ltd. now owns 3,263 shares of the company’s stock valued at $355,000 after purchasing an additional 111 shares during the last quarter. SJS Investment Consulting Inc. lifted its holdings in shares of DoorDash by 21.0% in the 2nd quarter. SJS Investment Consulting Inc. now owns 673 shares of the company’s stock valued at $73,000 after purchasing an additional 117 shares during the last quarter. Finally, Meeder Advisory Services Inc. lifted its holdings in shares of DoorDash by 4.4% in the 1st quarter. Meeder Advisory Services Inc. now owns 3,006 shares of the company’s stock valued at $414,000 after purchasing an additional 126 shares during the last quarter. 90.64% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

DASH has been the subject of several research reports. Argus initiated coverage on DoorDash in a report on Tuesday, July 23rd. They issued a “hold” rating for the company. Barclays boosted their target price on DoorDash from $113.00 to $120.00 and gave the company an “equal weight” rating in a report on Friday, August 2nd. Needham & Company LLC boosted their target price on DoorDash from $137.00 to $145.00 and gave the company a “buy” rating in a report on Friday, August 2nd. DA Davidson boosted their target price on DoorDash from $110.00 to $119.00 and gave the company a “neutral” rating in a report on Monday, August 5th. Finally, Morgan Stanley boosted their target price on DoorDash from $145.00 to $150.00 and gave the company an “overweight” rating in a report on Friday, August 2nd. Ten research analysts have rated the stock with a hold rating and twenty-three have given a buy rating to the stock. Based on data from MarketBeat, DoorDash currently has an average rating of “Moderate Buy” and an average target price of $151.00.

DoorDash Price Performance

DASH opened at $155.20 on Wednesday. The stock has a market cap of $63.46 billion, a P/E ratio of -143.70, a P/E/G ratio of 425.82 and a beta of 1.70. The stock’s 50 day simple moving average is $138.79 and its 200 day simple moving average is $123.61. DoorDash, Inc. has a 1-year low of $71.38 and a 1-year high of $155.93.

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

Insider Buying and Selling

In related news, CEO Tony Xu sold 54,166 shares of the company’s stock in a transaction that occurred on Tuesday, August 6th. The stock was sold at an average price of $123.43, for a total value of $6,685,709.38. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In other DoorDash news, Director Andy Fang sold 50,000 shares of the stock in a transaction on Thursday, September 12th. The stock was sold at an average price of $130.20, for a total transaction of $6,510,000.00. Following the sale, the director now owns 18,089 shares in the company, valued at approximately $2,355,187.80. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Tony Xu sold 54,166 shares of the stock in a transaction on Tuesday, August 6th. The shares were sold at an average price of $123.43, for a total value of $6,685,709.38. The disclosure for this sale can be found here. Insiders have sold a total of 383,710 shares of company stock worth $53,725,640 in the last quarter. Company insiders own 7.92% of the company’s stock.

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.