Natixis Advisors LLC Increases Stake in DoorDash, Inc. (NASDAQ:DASH)

Natixis Advisors LLC boosted its position in shares of DoorDash, Inc. (NASDAQ:DASH) by 1.8% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 348,383 shares of the company’s stock after purchasing an additional 6,280 shares during the period. Natixis Advisors LLC’s holdings in DoorDash were worth $49,724,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Rakuten Securities Inc. grew its stake in shares of DoorDash by 302.3% during the third quarter. Rakuten Securities Inc. now owns 173 shares of the company’s stock valued at $25,000 after buying an additional 130 shares during the last quarter. Meeder Asset Management Inc. boosted its holdings in DoorDash by 82.0% during the 2nd quarter. Meeder Asset Management Inc. now owns 293 shares of the company’s stock valued at $32,000 after acquiring an additional 132 shares during the period. Headlands Technologies LLC bought a new position in DoorDash in the 2nd quarter valued at $32,000. Versant Capital Management Inc lifted its position in shares of DoorDash by 340.8% during the second quarter. Versant Capital Management Inc now owns 335 shares of the company’s stock worth $36,000 after purchasing an additional 259 shares during the last quarter. Finally, Quest Partners LLC boosted its stake in shares of DoorDash by 146.8% during the second quarter. Quest Partners LLC now owns 343 shares of the company’s stock valued at $37,000 after purchasing an additional 204 shares during the period. 90.64% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on DASH shares. KeyCorp lifted their price objective on shares of DoorDash from $177.00 to $180.00 and gave the company an “overweight” rating in a report on Thursday, October 31st. The Goldman Sachs Group lifted their price target on shares of DoorDash from $142.00 to $161.00 and gave the company a “neutral” rating in a research note on Friday, November 1st. Piper Sandler increased their price objective on DoorDash from $125.00 to $160.00 and gave the stock a “neutral” rating in a research note on Thursday, October 31st. Oppenheimer lifted their target price on DoorDash from $145.00 to $160.00 and gave the company an “outperform” rating in a research report on Friday, September 27th. Finally, JPMorgan Chase & Co. increased their price target on DoorDash from $137.00 to $155.00 and gave the stock a “neutral” rating in a research report on Thursday, October 31st. Ten research analysts have rated the stock with a hold rating and twenty-four have issued a buy rating to the stock. According to data from MarketBeat, DoorDash presently has an average rating of “Moderate Buy” and an average price target of $164.03.

Insider Activity

In other DoorDash news, CFO Ravi Inukonda sold 7,000 shares of the business’s stock in a transaction dated Friday, August 30th. The shares were sold at an average price of $127.86, for a total transaction of $895,020.00. Following the sale, the chief financial officer now directly owns 396,152 shares in the company, valued at $50,651,994.72. This represents a 1.74 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Tony Xu sold 54,166 shares of the firm’s stock in a transaction that occurred on Monday, September 23rd. The shares were sold at an average price of $140.06, for a total transaction of $7,586,489.96. The disclosure for this sale can be found here. In the last three months, insiders have sold 324,539 shares of company stock valued at $46,439,330. Company insiders own 7.92% of the company’s stock.

DoorDash Trading Down 2.5 %

Shares of DoorDash stock opened at $169.43 on Monday. The firm’s 50-day moving average price is $149.01 and its 200 day moving average price is $126.98. The firm has a market capitalization of $70.38 billion, a PE ratio of -376.51, a P/E/G ratio of 14.26 and a beta of 1.67. DoorDash, Inc. has a twelve month low of $92.56 and a twelve month high of $178.16.

DoorDash (NASDAQ:DASH) last issued its quarterly earnings data 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 firm had revenue of $2.71 billion during the quarter, compared to the consensus estimate of $2.66 billion. DoorDash had a negative return on equity of 2.41% and a negative net margin of 1.69%. The company’s quarterly revenue was up 25.0% on a year-over-year basis. During the same period last year, the company earned ($0.19) EPS. On average, sell-side analysts predict that DoorDash, Inc. will post 0.24 EPS for the current fiscal year.

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.