DoorDash, Inc. (NASDAQ:DASH) Stock Position Lifted by Baillie Gifford & Co.

Baillie Gifford & Co. lifted its position in DoorDash, Inc. (NASDAQ:DASH) by 13.2% in the 3rd quarter, Holdings Channel.com reports. The fund owned 14,142,674 shares of the company’s stock after acquiring an additional 1,645,186 shares during the period. DoorDash makes up 1.5% of Baillie Gifford & Co.’s investment portfolio, making the stock its 18th largest position. Baillie Gifford & Co.’s holdings in DoorDash were worth $2,018,584,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also made changes to their positions in the company. GSA Capital Partners LLP grew its position in shares of DoorDash by 93.2% during the 3rd quarter. GSA Capital Partners LLP now owns 7,690 shares of the company’s stock valued at $1,098,000 after buying an additional 3,710 shares during the last quarter. Entropy Technologies LP boosted its stake in DoorDash by 71.0% in the third quarter. Entropy Technologies LP now owns 10,994 shares of the company’s stock valued at $1,569,000 after acquiring an additional 4,564 shares during the period. Apollon Wealth Management LLC bought a new position in shares of DoorDash during the third quarter valued at approximately $219,000. Venturi Wealth Management LLC raised its position in shares of DoorDash by 39.0% during the 3rd quarter. Venturi Wealth Management LLC now owns 424 shares of the company’s stock worth $61,000 after purchasing an additional 119 shares during the period. Finally, Los Angeles Capital Management LLC lifted its holdings in shares of DoorDash by 1,344.8% in the 3rd quarter. Los Angeles Capital Management LLC now owns 425,133 shares of the company’s stock worth $60,679,000 after purchasing an additional 395,707 shares during the last quarter. 90.64% of the stock is currently owned by institutional investors.

DoorDash Stock Performance

DASH stock opened at $174.95 on Tuesday. The stock has a market cap of $72.67 billion, a P/E ratio of -388.78, a P/E/G ratio of 14.42 and a beta of 1.67. The firm has a 50 day simple moving average of $145.10 and a 200 day simple moving average of $125.75. DoorDash, Inc. has a 52 week low of $86.33 and a 52 week high of $175.23.

DoorDash (NASDAQ:DASH) last posted its quarterly earnings results on Wednesday, October 30th. The company reported $0.38 EPS for the quarter, beating the consensus estimate of $0.21 by $0.17. DoorDash had a negative net margin of 1.69% and a negative return on equity of 2.41%. The business had revenue of $2.71 billion for the quarter, compared to analysts’ expectations of $2.66 billion. During the same period in the previous year, the company posted ($0.19) EPS. DoorDash’s revenue was up 25.0% on a year-over-year basis. Sell-side analysts predict that DoorDash, Inc. will post 0.24 EPS for the current year.

Insiders Place Their Bets

In other DoorDash news, CFO Ravi Inukonda sold 7,000 shares of DoorDash stock in a transaction that occurred on Friday, August 30th. The shares were sold at an average price of $127.86, for a total value of $895,020.00. Following the completion of the sale, the chief financial officer now directly owns 396,152 shares in the company, valued at $50,651,994.72. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, CEO Tony Xu sold 54,166 shares of the firm’s stock in a transaction that occurred on Monday, September 23rd. The stock was sold at an average price of $140.06, for a total value of $7,586,489.96. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CFO Ravi Inukonda sold 7,000 shares of the business’s stock in a transaction that occurred on Friday, August 30th. The stock was sold at an average price of $127.86, for a total value of $895,020.00. Following the completion of the sale, the chief financial officer now owns 396,152 shares of the company’s stock, valued at approximately $50,651,994.72. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 324,539 shares of company stock valued at $46,439,330 in the last three months. Insiders own 7.92% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on DASH. Piper Sandler increased their target price on DoorDash from $125.00 to $160.00 and gave the stock a “neutral” rating in a research report on Thursday, October 31st. Benchmark increased their price objective on shares of DoorDash from $152.00 to $173.00 and gave the stock a “buy” rating in a report on Thursday, October 17th. JPMorgan Chase & Co. boosted their target price on shares of DoorDash from $137.00 to $155.00 and gave the company a “neutral” rating in a research note on Thursday, October 31st. KeyCorp raised their price target on shares of DoorDash from $177.00 to $180.00 and gave the company an “overweight” rating in a research note on Thursday, October 31st. Finally, Argus assumed coverage on DoorDash in a report on Tuesday, July 23rd. They set a “hold” rating on the stock. Ten analysts have rated the stock with a hold rating and twenty-four have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $163.12.

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.