Investment Management Corp of Ontario Has $4.30 Million Holdings in DoorDash, Inc. (NASDAQ:DASH)

Investment Management Corp of Ontario boosted its stake in DoorDash, Inc. (NASDAQ:DASH) by 93.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 25,638 shares of the company’s stock after purchasing an additional 12,385 shares during the period. Investment Management Corp of Ontario’s holdings in DoorDash were worth $4,301,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Pittenger & Anderson Inc. acquired a new position in shares of DoorDash in the fourth quarter worth approximately $29,000. Denver PWM LLC bought a new position in DoorDash during the 4th quarter worth approximately $30,000. Princeton Global Asset Management LLC acquired a new position in shares of DoorDash in the 4th quarter worth approximately $34,000. ORG Wealth Partners LLC bought a new stake in shares of DoorDash in the 4th quarter valued at $36,000. Finally, IFP Advisors Inc increased its position in shares of DoorDash by 31.8% during the fourth quarter. IFP Advisors Inc now owns 224 shares of the company’s stock worth $37,000 after buying an additional 54 shares during the period. 90.64% of the stock is owned by institutional investors.

Insider Activity at DoorDash

In other news, insider Keith Yandell sold 8,116 shares of the company’s stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $203.45, for a total transaction of $1,651,200.20. Following the transaction, the insider now owns 105,162 shares of the company’s stock, valued at $21,395,208.90. This represents a 7.16 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Stanley Tang sold 45,410 shares of the business’s stock in a transaction dated Tuesday, April 1st. The shares were sold at an average price of $181.21, for a total value of $8,228,746.10. Following the completion of the sale, the director now owns 18,285 shares in the company, valued at $3,313,424.85. This represents a 71.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 158,573 shares of company stock worth $30,407,073. Insiders own 7.92% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the stock. Needham & Company LLC boosted their target price on shares of DoorDash from $225.00 to $230.00 and gave the company a “buy” rating in a report on Wednesday. Oppenheimer restated a “hold” rating on shares of DoorDash in a research report on Monday, March 10th. BMO Capital Markets reiterated an “outperform” rating on shares of DoorDash in a report on Tuesday, April 29th. Morgan Stanley dropped their price target on DoorDash from $245.00 to $210.00 and set an “overweight” rating on the stock in a research note on Thursday, April 17th. Finally, Barclays lifted their price objective on shares of DoorDash from $163.00 to $200.00 and gave the company an “equal weight” rating in a research note on Thursday, February 13th. Ten research analysts have rated the stock with a hold rating and twenty-four have given a buy rating to the company’s stock. According to MarketBeat.com, DoorDash currently has a consensus rating of “Moderate Buy” and a consensus price target of $209.97.

DoorDash Price Performance

Shares of DoorDash stock opened at $183.56 on Friday. The firm has a market cap of $77.11 billion, a PE ratio of 679.85 and a beta of 1.68. DoorDash, Inc. has a 1 year low of $99.32 and a 1 year high of $215.25. The stock has a fifty day moving average price of $184.61 and a 200-day moving average price of $180.84.

DoorDash (NASDAQ:DASH) last announced its quarterly earnings data on Tuesday, May 6th. The company reported $0.44 EPS for the quarter, topping the consensus estimate of $0.39 by $0.05. DoorDash had a net margin of 1.15% and a return on equity of 1.67%. The business had revenue of $3.03 billion for the quarter, compared to analyst estimates of $3.10 billion. During the same quarter in the previous year, the firm posted ($0.06) earnings per share. The company’s revenue for the quarter was up 20.7% on a year-over-year basis. As a group, equities analysts anticipate that DoorDash, Inc. will post 2.22 EPS for the current fiscal year.

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.