UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Grows Holdings in DoorDash, Inc. (NASDAQ:DASH)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in shares of DoorDash, Inc. (NASDAQ:DASH) by 10.2% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,715,539 shares of the company’s stock after purchasing an additional 159,449 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.41% of DoorDash worth $244,859,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in DASH. Asset Management One Co. Ltd. boosted its position in DoorDash by 10.6% in the 3rd quarter. Asset Management One Co. Ltd. now owns 112,181 shares of the company’s stock valued at $16,012,000 after buying an additional 10,755 shares during the period. Marshall Wace LLP boosted 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 purchasing an additional 610,388 shares during the period. Forsta AP Fonden boosted 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 purchasing an additional 10,100 shares during the period. Baillie Gifford & Co. increased its holdings in DoorDash by 13.2% during the 3rd quarter. Baillie Gifford & Co. now owns 14,142,674 shares of the company’s stock worth $2,018,584,000 after purchasing an additional 1,645,186 shares during the period. Finally, CWM LLC raised its position in DoorDash by 97.1% during the 3rd quarter. CWM LLC now owns 10,705 shares of the company’s stock valued at $1,528,000 after purchasing an additional 5,273 shares in the last quarter. 90.64% of the stock is owned by hedge funds and other institutional investors.

DoorDash Trading Up 1.1 %

Shares of NASDAQ DASH opened at $180.48 on Friday. The company has a 50 day simple moving average of $157.29 and a two-hundred day simple moving average of $130.64. The stock has a market cap of $74.97 billion, a price-to-earnings ratio of -399.82, a PEG ratio of 13.72 and a beta of 1.67. DoorDash, Inc. has a 12 month low of $92.58 and a 12 month high of $181.30.

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

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on DASH. Bank of America increased their price target on DoorDash from $168.00 to $172.00 and gave the stock a “buy” rating in a research report on Thursday, October 31st. UBS Group increased their target price on shares of DoorDash from $143.00 to $160.00 and gave the stock a “neutral” rating in a report on Friday, October 18th. Keefe, Bruyette & Woods raised shares of DoorDash from a “market perform” rating to an “outperform” rating and set a $177.00 price target for the company in a research report on Wednesday, September 25th. Benchmark lifted their price objective on shares of DoorDash from $152.00 to $173.00 and gave the company a “buy” rating in a report on Thursday, October 17th. Finally, BMO Capital Markets upped their target price on DoorDash from $140.00 to $180.00 and gave the stock an “outperform” rating in a report on Thursday, October 31st. Ten equities research analysts have rated the stock with a hold rating and twenty-four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $166.06.

Insider Activity

In other DoorDash news, Director Andy Fang sold 50,000 shares of DoorDash stock in a transaction on Thursday, October 10th. The shares were sold at an average price of $143.76, for a total value of $7,188,000.00. Following the completion of the transaction, the director now owns 18,089 shares of the company’s stock, valued at approximately $2,600,474.64. The trade was a 73.43 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Tony Xu sold 54,166 shares of the 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 disclosure for this sale can be found here. Insiders sold a total of 654,596 shares of company stock valued at $104,128,585 in the last quarter. 7.92% of the stock is currently owned by company insiders.

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.