Robeco Institutional Asset Management B.V. Acquires 3,308,512 Shares of DoorDash, Inc. $DASH

Robeco Institutional Asset Management B.V. increased its holdings in DoorDash, Inc. (NASDAQ:DASH) by 2,304.0% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,452,110 shares of the company’s stock after acquiring an additional 3,308,512 shares during the quarter. DoorDash comprises about 0.7% of Robeco Institutional Asset Management B.V.’s investment portfolio, making the stock its 22nd biggest holding. Robeco Institutional Asset Management B.V. owned about 0.80% of DoorDash worth $633,635,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of DASH. Activest Wealth Management boosted its stake in DoorDash by 892.9% during the third quarter. Activest Wealth Management now owns 139 shares of the company’s stock worth $26,000 after acquiring an additional 125 shares in the last quarter. Washington Trust Advisors Inc. grew its holdings in DoorDash by 81.0% in the second quarter. Washington Trust Advisors Inc. now owns 143 shares of the company’s stock worth $26,000 after purchasing an additional 64 shares during the period. Clark Wealth Partners grew its holdings in DoorDash by 833.3% in the third quarter. Clark Wealth Partners now owns 196 shares of the company’s stock worth $36,000 after purchasing an additional 175 shares during the period. CENTRAL TRUST Co increased its stake in shares of DoorDash by 269.4% during the first quarter. CENTRAL TRUST Co now owns 266 shares of the company’s stock valued at $40,000 after purchasing an additional 194 shares in the last quarter. Finally, Ascentis Independent Advisors bought a new position in shares of DoorDash during the first quarter valued at approximately $55,000. 90.64% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the stock. Cantor Fitzgerald lowered their target price on shares of DoorDash from $260.00 to $240.00 and set an “overweight” rating for the company in a report on Monday, October 12th. TD Cowen upped their price target on DoorDash from $225.00 to $240.00 and gave the stock a “buy” rating in a research note on Thursday, August 6th. Raymond James Financial restated a “buy” rating on shares of DoorDash in a research note on Thursday, September 3rd. Needham & Company LLC reaffirmed a “buy” rating and set a $265.00 price objective on shares of DoorDash in a research report on Thursday, August 6th. Finally, Guggenheim reiterated a “buy” rating and set a $255.00 price objective on shares of DoorDash in a research note on Wednesday, October 14th. Two investment analysts have rated the stock with a Strong Buy rating, thirty-one have issued a Buy rating, eight have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $254.95.

Insider Activity at DoorDash

In related news, COO Keith Yandell sold 2,183 shares of the business’s stock in a transaction that occurred on Thursday, October 1st. The shares were sold at an average price of $183.69, for a total value of $400,995.27. Following the completion of the transaction, the chief operating officer directly owned 118,505 shares in the company, valued at $21,768,183.45. The trade was a 1.81% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, COO Prabir Adarkar sold 8,738 shares of the company’s stock in a transaction that occurred on Monday, September 28th. The shares were sold at an average price of $180.85, for a total value of $1,580,267.30. Following the completion of the transaction, the chief operating officer directly owned 921,473 shares in the company, valued at $166,648,392.05. This trade represents a 0.94% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 393,998 shares of company stock valued at $85,861,330 over the last ninety days. Corporate insiders own 44.90% of the company’s stock.

DoorDash Stock Performance

Shares of DASH stock opened at $191.67 on Wednesday. DoorDash, Inc. has a one year low of $143.30 and a one year high of $269.00. The company’s 50-day moving average is $204.10 and its 200 day moving average is $184.78. The company has a market capitalization of $83.05 billion, a price-to-earnings ratio of 100.35 and a beta of 1.90. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.37 and a current ratio of 1.37.

DoorDash (NASDAQ:DASH) last issued its earnings results on Wednesday, August 5th. The company reported $0.46 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.47 by ($0.01). DoorDash had a return on equity of 8.48% and a net margin of 5.29%. The firm had revenue of $4.45 billion during the quarter, compared to the consensus estimate of $4.34 billion. During the same quarter in the prior year, the company posted $0.65 EPS. The company’s quarterly revenue was up 35.6% on a year-over-year basis. Sell-side analysts expect that DoorDash, Inc. will post 2.51 EPS for the current fiscal year.

DoorDash Company Profile

DoorDash, Inc (NASDAQ:DASH) operates a local commerce platform that connects consumers with restaurants, grocery stores, convenience retailers and other merchants. Through its website and mobile applications, customers can browse products, place orders for delivery or pickup, and access related services.

The company provides merchants with ordering, delivery, logistics, marketing and payment tools. Its offerings include the DoorDash Marketplace, subscription programs such as DashPass, and delivery infrastructure that merchants can use through services including DoorDash Drive.