Healthcare of Ontario Pension Plan Trust Fund Has $10.44 Million Holdings in DoorDash, Inc. (NASDAQ:DASH)

Healthcare of Ontario Pension Plan Trust Fund raised its position in DoorDash, Inc. (NASDAQ:DASH) by 108.7% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 73,117 shares of the company’s stock after buying an additional 38,076 shares during the period. Healthcare of Ontario Pension Plan Trust Fund’s holdings in DoorDash were worth $10,436,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in DASH. Rakuten Securities Inc. boosted its position in DoorDash by 302.3% in the third quarter. Rakuten Securities Inc. now owns 173 shares of the company’s stock valued at $25,000 after buying an additional 130 shares in the last quarter. Meeder Asset Management Inc. lifted its position in shares of DoorDash by 82.0% during the second quarter. Meeder Asset Management Inc. now owns 293 shares of the company’s stock worth $32,000 after purchasing an additional 132 shares in the last quarter. Headlands Technologies LLC acquired a new position in shares of DoorDash during the second quarter worth approximately $32,000. Versant Capital Management Inc lifted its position in shares of DoorDash by 340.8% during the second quarter. Versant Capital Management Inc now owns 335 shares of the company’s stock worth $36,000 after purchasing an additional 259 shares in the last quarter. Finally, Quest Partners LLC lifted its position in shares of DoorDash by 146.8% during the second quarter. Quest Partners LLC now owns 343 shares of the company’s stock worth $37,000 after purchasing an additional 204 shares in the last quarter. 90.64% of the stock is currently owned by institutional investors and hedge funds.

DoorDash Trading Down 0.3 %

Shares of DASH opened at $178.44 on Friday. DoorDash, Inc. has a 12 month low of $92.58 and a 12 month high of $181.30. The firm has a fifty day simple moving average of $156.47 and a 200 day simple moving average of $130.31. The stock has a market capitalization of $74.12 billion, a price-to-earnings ratio of -396.53, a PEG ratio of 13.77 and a beta of 1.67.

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

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on DASH shares. UBS Group upped their target price 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. Barclays upped their target price on shares of DoorDash from $120.00 to $163.00 and gave the stock an “equal weight” rating in a research report on Friday, November 1st. JMP Securities increased their price objective on shares of DoorDash from $160.00 to $190.00 and gave the company a “market outperform” rating in a report on Thursday, October 31st. Cantor Fitzgerald restated an “overweight” rating and issued a $160.00 price objective on shares of DoorDash in a report on Monday, October 7th. Finally, JPMorgan Chase & Co. increased their price objective on shares of DoorDash from $137.00 to $155.00 and gave the company a “neutral” rating in a report on Thursday, October 31st. Ten investment analysts have rated the stock with a hold rating and twenty-four have given a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $166.06.

Insider Buying and Selling at DoorDash

In other news, insider Keith Yandell sold 5,509 shares of the firm’s stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $176.24, for a total transaction of $970,906.16. Following the completion of the sale, the insider now owns 118,712 shares in the company, valued at approximately $20,921,802.88. This trade represents a 4.43 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Andy Fang sold 50,000 shares of the firm’s stock in a transaction dated Thursday, September 12th. The stock was sold at an average price of $130.20, for a total transaction of $6,510,000.00. Following the sale, the director now owns 18,089 shares of the company’s stock, valued at approximately $2,355,187.80. This represents a 73.43 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 546,262 shares of company stock worth $84,620,882 over the last quarter. 7.92% of the stock is currently owned by insiders.

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.