China Universal Asset Management Co. Ltd. Increases Position in DoorDash, Inc. (NASDAQ:DASH)

China Universal Asset Management Co. Ltd. raised its stake in DoorDash, Inc. (NASDAQ:DASH) by 178.3% in the 4th quarter, Holdings Channel.com reports. 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 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Asset Management One Co. Ltd. boosted its position in shares of DoorDash by 10.6% during the 3rd quarter. Asset Management One Co. Ltd. now owns 112,181 shares of the company’s stock valued at $16,012,000 after purchasing an additional 10,755 shares in the last quarter. Forsta AP Fonden raised its position in DoorDash by 18.6% during the third quarter. Forsta AP Fonden now owns 64,500 shares of the company’s stock valued at $9,206,000 after acquiring an additional 10,100 shares in the last quarter. Sanctuary Advisors LLC lifted its stake in shares of DoorDash by 48.8% in the 3rd quarter. Sanctuary Advisors LLC now owns 10,663 shares of the company’s stock valued at $1,522,000 after purchasing an additional 3,498 shares during the last quarter. Baillie Gifford & Co. boosted its position in DoorDash by 13.2% during the third 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 grew its stake in DoorDash by 97.1% in the 3rd quarter. CWM LLC now owns 10,705 shares of the company’s stock valued at $1,528,000 after buying an additional 5,273 shares during the last quarter. Institutional investors and hedge funds own 90.64% of the company’s stock.

Analyst Ratings Changes

A number of analysts have commented on the company. Bank of America raised their price objective on DoorDash from $172.00 to $205.00 and gave the stock a “buy” rating in a research report on Thursday, January 23rd. Royal Bank of Canada lifted their price objective on DoorDash from $175.00 to $215.00 and gave the company an “outperform” rating in a research report on Friday, December 6th. UBS Group boosted their price objective on shares of DoorDash from $143.00 to $160.00 and gave the stock a “neutral” rating in a research report on Friday, October 18th. Needham & Company LLC boosted their price target on shares of DoorDash from $145.00 to $180.00 and gave the stock a “buy” rating in a research note on Thursday, October 31st. Finally, Benchmark raised their target price on DoorDash from $152.00 to $173.00 and gave the stock a “buy” rating in a report on Thursday, October 17th. Nine investment analysts have rated the stock with a hold rating and twenty-five have assigned a buy rating to the stock. According to MarketBeat, DoorDash has a consensus rating of “Moderate Buy” and a consensus target price of $178.18.

DoorDash Price Performance

DASH stock opened at $188.83 on Friday. The company’s 50-day moving average price is $175.29 and its two-hundred day moving average price is $150.96. DoorDash, Inc. has a 12 month low of $99.32 and a 12 month high of $189.99.

DoorDash (NASDAQ:DASH) last announced its quarterly earnings data 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. 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 last year, the firm posted ($0.19) earnings per share. The firm’s quarterly revenue was up 25.0% compared to the same quarter last year. On average, sell-side analysts expect that DoorDash, Inc. will post 0.29 EPS for the current fiscal year.

Insider Buying and Selling at DoorDash

In other DoorDash news, COO Prabir Adarkar sold 20,000 shares of the company’s stock in a transaction dated Thursday, January 23rd. The stock was sold at an average price of $180.83, for a total value of $3,616,600.00. Following the sale, the chief operating officer now owns 925,222 shares in the company, valued at approximately $167,307,894.26. The trade was a 2.12 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO Ravi Inukonda sold 1,425 shares of the stock in a transaction dated Friday, January 24th. The shares were sold at an average price of $183.20, for a total value of $261,060.00. Following the completion of the sale, the chief financial officer now directly owns 366,993 shares of the company’s stock, valued at approximately $67,233,117.60. The trade was a 0.39 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 1,040,758 shares of company stock worth $181,434,201 over the last 90 days. Insiders own 7.92% of the company’s stock.

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.