China Universal Asset Management Co. Ltd. Has $2.89 Million Position in DoorDash, Inc. (NASDAQ:DASH)

China Universal Asset Management Co. Ltd. lifted its position in DoorDash, Inc. (NASDAQ:DASH) by 178.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 17,249 shares of the company’s stock after acquiring an additional 11,051 shares during the period. China Universal Asset Management Co. Ltd.’s holdings in DoorDash were worth $2,894,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of DASH. The Manufacturers Life Insurance Company lifted its holdings in shares of DoorDash by 13.6% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 65,706 shares of the company’s stock valued at $7,146,000 after purchasing an additional 7,853 shares in the last quarter. Algert Global LLC bought a new position in DoorDash in the second quarter valued at approximately $338,000. Quarry LP bought a new stake in shares of DoorDash during the second quarter worth $60,000. Cetera Investment Advisers raised its holdings in shares of DoorDash by 7.2% during the second quarter. Cetera Investment Advisers now owns 11,747 shares of the company’s stock worth $1,278,000 after acquiring an additional 788 shares during the period. Finally, Sanctuary Advisors LLC bought a new stake in DoorDash in the 2nd quarter valued at $779,000. Institutional investors own 90.64% of the company’s stock.

DoorDash Stock Performance

DASH opened at $188.83 on Friday. DoorDash, Inc. has a fifty-two week low of $99.32 and a fifty-two week high of $189.99. The firm has a 50-day moving average of $175.29 and a 200 day moving average of $150.96.

DoorDash (NASDAQ:DASH) last posted its earnings results on Wednesday, October 30th. The company reported $0.38 earnings per share for the quarter, topping 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 firm had revenue of $2.71 billion during the quarter, compared to the consensus estimate of $2.66 billion. During the same quarter last year, the company earned ($0.19) earnings per share. The company’s revenue was up 25.0% on a year-over-year basis. On average, equities analysts forecast that DoorDash, Inc. will post 0.29 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on DASH shares. Morgan Stanley raised their price objective on DoorDash from $160.00 to $200.00 and gave the company an “overweight” rating in a report on Monday, January 13th. Evercore ISI raised their price target on DoorDash from $155.00 to $200.00 and gave the company an “outperform” rating in a research note on Thursday, October 31st. Truist Financial boosted their target price on shares of DoorDash from $180.00 to $217.00 and gave the stock a “buy” rating in a report on Tuesday, December 17th. Barclays increased their price target on shares of DoorDash from $120.00 to $163.00 and gave the company an “equal weight” rating in a research note on Friday, November 1st. Finally, Needham & Company LLC raised their target price on shares of DoorDash from $145.00 to $180.00 and gave the company a “buy” rating in a research note on Thursday, October 31st. Nine analysts have rated the stock with a hold rating and twenty-five have assigned a buy rating to the stock. According to MarketBeat.com, DoorDash presently has an average rating of “Moderate Buy” and an average price target of $178.18.

Insider Transactions at DoorDash

In other DoorDash news, CEO Tony Xu sold 108,332 shares of the firm’s stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $170.25, for a total transaction of $18,443,523.00. Following the sale, the chief executive officer now owns 1,500 shares in the company, valued at $255,375. This trade represents a 98.63 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Andy Fang sold 50,000 shares of the company’s stock in a transaction on Monday, November 18th. The shares were sold at an average price of $172.67, for a total transaction of $8,633,500.00. Following the completion of the sale, the director now directly owns 18,089 shares of the company’s stock, valued at $3,123,427.63. This trade represents a 73.43 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 1,040,758 shares of company stock valued at $181,434,201. 7.92% of the stock is currently owned by corporate insiders.

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.