Healthcare of Ontario Pension Plan Trust Fund Acquires 38,076 Shares of DoorDash, Inc. (NASDAQ:DASH)

Healthcare of Ontario Pension Plan Trust Fund increased its holdings in shares of DoorDash, Inc. (NASDAQ:DASH) by 108.7% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 73,117 shares of the company’s stock after acquiring an additional 38,076 shares during the quarter. Healthcare of Ontario Pension Plan Trust Fund’s holdings in DoorDash were worth $10,436,000 as of its most recent filing with the SEC.

Other hedge funds have also bought and sold shares of the company. Baillie Gifford & Co. increased its holdings in DoorDash by 13.2% in the 3rd quarter. Baillie Gifford & Co. now owns 14,142,674 shares of the company’s stock valued at $2,018,584,000 after buying an additional 1,645,186 shares during the period. Dragoneer Investment Group LLC increased its holdings in DoorDash by 77.9% in the 2nd quarter. Dragoneer Investment Group LLC now owns 2,847,537 shares of the company’s stock valued at $309,755,000 after buying an additional 1,246,567 shares during the period. Allspring Global Investments Holdings LLC increased its holdings in DoorDash by 216.1% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 1,082,362 shares of the company’s stock valued at $154,486,000 after buying an additional 739,961 shares during the period. Jupiter Asset Management Ltd. increased its holdings in DoorDash by 3,284.7% in the 2nd quarter. Jupiter Asset Management Ltd. now owns 729,779 shares of the company’s stock valued at $79,385,000 after buying an additional 708,218 shares during the period. Finally, Thrivent Financial for Lutherans grew its holdings in shares of DoorDash by 5,396.1% during the 3rd quarter. Thrivent Financial for Lutherans now owns 663,599 shares of the company’s stock valued at $94,716,000 after purchasing an additional 651,525 shares during the last quarter. 90.64% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

DASH has been the topic of several research reports. Benchmark lifted their price target on shares of DoorDash from $152.00 to $173.00 and gave the company a “buy” rating in a report on Thursday, October 17th. Evercore ISI lifted their target price on shares of DoorDash from $155.00 to $200.00 and gave the stock an “outperform” rating in a research report on Thursday, October 31st. BTIG Research upgraded shares of DoorDash from a “neutral” rating to a “buy” rating and set a $155.00 target price on the stock in a research report on Thursday, September 19th. JMP Securities lifted their target price on shares of DoorDash from $160.00 to $190.00 and gave the stock a “market outperform” rating in a research report on Thursday, October 31st. Finally, The Goldman Sachs Group lifted their target price on shares of DoorDash from $142.00 to $161.00 and gave the stock a “neutral” rating in a research report on Friday, November 1st. Ten equities research analysts have rated the stock with a hold rating and twenty-four have given a buy rating to the company’s stock. According to data from MarketBeat, DoorDash currently has an average rating of “Moderate Buy” and an average target price of $166.06.

Insider Buying and Selling

In related news, CEO Tony Xu sold 108,332 shares of the business’s stock in a transaction dated Friday, November 15th. The shares were 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 directly owns 1,500 shares of the company’s stock, valued at approximately $255,375. The trade was a 98.63 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Andy Fang sold 50,000 shares of the company’s stock in a transaction dated Thursday, September 12th. The shares were sold at an average price of $130.20, for a total transaction of $6,510,000.00. Following the sale, the director now directly owns 18,089 shares in the company, valued at approximately $2,355,187.80. This trade represents a 73.43 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 546,262 shares of company stock valued at $84,620,882. 7.92% of the stock is owned by insiders.

DoorDash Price Performance

NASDAQ DASH opened at $178.44 on Friday. DoorDash, Inc. has a 1 year low of $92.58 and a 1 year high of $181.30. The firm has a market cap of $74.12 billion, a price-to-earnings ratio of -396.53, a PEG ratio of 13.77 and a beta of 1.67. The company has a fifty day moving average price of $156.47 and a 200-day moving average price of $130.31.

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

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.