Mackenzie Financial Corp Increases Position in DoorDash, Inc. (NASDAQ:DASH)

Mackenzie Financial Corp boosted its holdings in DoorDash, Inc. (NASDAQ:DASH) by 38.1% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 15,219 shares of the company’s stock after purchasing an additional 4,197 shares during the quarter. Mackenzie Financial Corp’s holdings in DoorDash were worth $1,505,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of DASH. SJS Investment Consulting Inc. grew its holdings in shares of DoorDash by 26.9% during the fourth quarter. SJS Investment Consulting Inc. now owns 462 shares of the company’s stock valued at $46,000 after buying an additional 98 shares during the last quarter. Westside Investment Management Inc. grew its holdings in shares of DoorDash by 18.2% during the fourth quarter. Westside Investment Management Inc. now owns 650 shares of the company’s stock valued at $64,000 after buying an additional 100 shares during the last quarter. National Bank of Canada FI grew its holdings in shares of DoorDash by 13.1% during the third quarter. National Bank of Canada FI now owns 1,081 shares of the company’s stock valued at $86,000 after buying an additional 125 shares during the last quarter. Yousif Capital Management LLC grew its holdings in shares of DoorDash by 5.2% during the third quarter. Yousif Capital Management LLC now owns 2,920 shares of the company’s stock valued at $232,000 after buying an additional 145 shares during the last quarter. Finally, First Trust Direct Indexing L.P. grew its holdings in shares of DoorDash by 5.1% during the third quarter. First Trust Direct Indexing L.P. now owns 3,632 shares of the company’s stock valued at $289,000 after buying an additional 177 shares during the last quarter. Hedge funds and other institutional investors own 90.64% of the company’s stock.

Insider Buying and Selling at DoorDash

In other DoorDash news, Director Andy Fang sold 67,000 shares of DoorDash stock in a transaction on Friday, February 16th. The shares were sold at an average price of $110.57, for a total value of $7,408,190.00. Following the sale, the director now directly owns 40,969 shares in the company, valued at approximately $4,529,942.33. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other DoorDash news, CEO Tony Xu sold 132,300 shares of DoorDash stock in a transaction on Tuesday, April 16th. The shares were sold at an average price of $133.51, for a total value of $17,663,373.00. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Andy Fang sold 67,000 shares of DoorDash stock in a transaction on Friday, February 16th. The stock was sold at an average price of $110.57, for a total transaction of $7,408,190.00. Following the completion of the transaction, the director now directly owns 40,969 shares of the company’s stock, valued at $4,529,942.33. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 497,282 shares of company stock worth $64,885,042. Insiders own 9.59% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on DASH. Moffett Nathanson upgraded shares of DoorDash from a “neutral” rating to a “buy” rating and increased their price target for the company from $118.00 to $164.00 in a report on Thursday, April 11th. UBS Group dropped their target price on shares of DoorDash from $123.00 to $118.00 and set a “neutral” rating on the stock in a report on Friday, February 16th. Deutsche Bank Aktiengesellschaft raised their target price on shares of DoorDash from $140.00 to $155.00 and gave the stock a “buy” rating in a report on Tuesday, April 16th. BMO Capital Markets raised their target price on shares of DoorDash from $120.00 to $138.00 and gave the stock an “outperform” rating in a report on Friday, February 16th. Finally, Morgan Stanley upgraded shares of DoorDash from an “equal weight” rating to an “overweight” rating and raised their target price for the stock from $135.00 to $145.00 in a report on Thursday, February 22nd. Nine research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $130.52.

DoorDash Price Performance

Shares of DASH stock opened at $126.76 on Thursday. The company has a market capitalization of $51.21 billion, a price-to-earnings ratio of -88.64, a PEG ratio of 14.16 and a beta of 1.79. DoorDash, Inc. has a one year low of $56.59 and a one year high of $143.34. The company’s fifty day moving average price is $130.95 and its 200-day moving average price is $108.06.

DoorDash (NASDAQ:DASH) last announced its quarterly earnings data on Thursday, February 15th. The company reported ($0.39) EPS for the quarter, missing the consensus estimate of ($0.15) by ($0.24). The firm had revenue of $2.30 billion for the quarter, compared to the consensus estimate of $2.25 billion. DoorDash had a negative net margin of 6.46% and a negative return on equity of 8.49%. The firm’s revenue for the quarter was up 26.7% on a year-over-year basis. During the same quarter in the previous year, the business earned ($0.63) earnings per share. Equities research analysts expect that DoorDash, Inc. will post 0.21 earnings per share for the current fiscal year.

DoorDash Company 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.