Vaughan Nelson Investment Management L.P. Sells 89,265 Shares of DoorDash, Inc. (NASDAQ:DASH)

Vaughan Nelson Investment Management L.P. cut its stake in shares of DoorDash, Inc. (NASDAQ:DASH) by 6.9% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,195,831 shares of the company’s stock after selling 89,265 shares during the period. DoorDash comprises approximately 1.5% of Vaughan Nelson Investment Management L.P.’s investment portfolio, making the stock its 16th biggest position. Vaughan Nelson Investment Management L.P.’s holdings in DoorDash were worth $170,681,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of the company. Rakuten Securities Inc. boosted its position in DoorDash by 302.3% during the 3rd quarter. Rakuten Securities Inc. now owns 173 shares of the company’s stock worth $25,000 after buying an additional 130 shares during the period. Headlands Technologies LLC bought a new stake in shares of DoorDash in the second quarter worth $32,000. Meeder Asset Management Inc. increased its holdings in DoorDash by 82.0% in the second quarter. Meeder Asset Management Inc. now owns 293 shares of the company’s stock valued at $32,000 after purchasing an additional 132 shares during the period. Versant Capital Management Inc raised its position in DoorDash by 340.8% during the 2nd quarter. Versant Capital Management Inc now owns 335 shares of the company’s stock worth $36,000 after purchasing an additional 259 shares during the last quarter. Finally, Quest Partners LLC lifted its holdings in DoorDash by 146.8% during the 2nd quarter. Quest Partners LLC now owns 343 shares of the company’s stock worth $37,000 after buying an additional 204 shares during the period. 90.64% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on DASH shares. Piper Sandler boosted their price target on shares of DoorDash from $125.00 to $160.00 and gave the stock a “neutral” rating in a research report on Thursday, October 31st. Keefe, Bruyette & Woods raised DoorDash from a “market perform” rating to an “outperform” rating and set a $177.00 price objective for the company in a research note on Wednesday, September 25th. Mizuho upped their target price on DoorDash from $162.00 to $173.00 and gave the stock an “outperform” rating in a research report on Thursday, October 24th. KeyCorp lifted their price objective on shares of DoorDash from $177.00 to $180.00 and gave the company an “overweight” rating in a report on Thursday, October 31st. Finally, Wedbush restated a “neutral” rating and issued a $115.00 target price on shares of DoorDash in a report on Friday, August 2nd. Ten equities research analysts have rated the stock with a hold rating and twenty-four have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $164.03.

Insider Transactions at DoorDash

In other DoorDash news, Director Andy Fang sold 50,000 shares of the business’s stock in a transaction on Thursday, September 12th. The shares were sold at an average price of $130.20, for a total value of $6,510,000.00. Following the completion of the sale, the director now directly owns 18,089 shares of the company’s stock, valued at $2,355,187.80. The trade was a 73.43 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Tony Xu sold 54,166 shares of DoorDash stock in a transaction that occurred on Monday, September 23rd. The stock was sold at an average price of $140.06, for a total value of $7,586,489.96. The disclosure for this sale can be found here. In the last three months, insiders sold 324,539 shares of company stock worth $46,439,330. 7.92% of the stock is currently owned by corporate insiders.

DoorDash Trading Down 2.5 %

Shares of NASDAQ DASH opened at $169.43 on Friday. The business has a 50-day moving average of $149.01 and a 200-day moving average of $126.98. The firm has a market capitalization of $70.38 billion, a price-to-earnings ratio of -376.51, a PEG ratio of 14.79 and a beta of 1.67. DoorDash, Inc. has a 12 month low of $92.56 and a 12 month high of $178.16.

DoorDash (NASDAQ:DASH) last posted its quarterly earnings data on Wednesday, October 30th. The company reported $0.38 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.21 by $0.17. The company had revenue of $2.71 billion during the quarter, compared to the consensus estimate of $2.66 billion. DoorDash had a negative net margin of 1.69% and a negative return on equity of 2.41%. The firm’s revenue was up 25.0% compared to the same quarter last year. During the same period in the previous year, the firm posted ($0.19) EPS. On average, analysts predict that DoorDash, Inc. will post 0.24 earnings per share for the current year.

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.