Temasek Holdings Private Ltd grew its holdings in DoorDash, Inc. (NYSE:DASH – Get Rating) by 0.3% during the 3rd quarter, HoldingsChannel reports. The firm owned 4,895,256 shares of the company's stock after acquiring an additional 14,871 shares during the quarter. DoorDash comprises about 1.4% of Temasek Holdings Private Ltd's investment portfolio, making the stock its 25th biggest position. Temasek Holdings Private Ltd's holdings in DoorDash were worth $242,070,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Raymond James & Associates lifted its stake in DoorDash by 123.4% during the first quarter. Raymond James & Associates now owns 6,286 shares of the company's stock worth $737,000 after purchasing an additional 3,472 shares during the period. Raymond James Financial Services Advisors Inc. increased its holdings in shares of DoorDash by 43.2% in the first quarter. Raymond James Financial Services Advisors Inc. now owns 3,825 shares of the company's stock valued at $448,000 after purchasing an additional 1,153 shares in the last quarter. American Century Companies Inc. grew its holdings in DoorDash by 18.3% during the 1st quarter. American Century Companies Inc. now owns 4,444 shares of the company's stock worth $521,000 after acquiring an additional 689 shares during the period. US Bancorp DE grew its holdings in DoorDash by 204.6% during the 1st quarter. US Bancorp DE now owns 926 shares of the company's stock worth $109,000 after acquiring an additional 622 shares during the period. Finally, PNC Financial Services Group Inc. grew its holdings in DoorDash by 305.6% during the 1st quarter. PNC Financial Services Group Inc. now owns 3,553 shares of the company's stock worth $415,000 after acquiring an additional 2,677 shares during the period. 72.65% of the stock is owned by institutional investors and hedge funds.

Insider Activity at DoorDash

In related news, Director Shona L. Brown sold 1,250 shares of the stock in a transaction that occurred on Friday, January 6th. The shares were sold at an average price of $47.32, for a total value of $59,150.00. Following the completion of the sale, the director now directly owns 82,278 shares of the company's stock, valued at approximately $3,893,394.96. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, Director Shona L. Brown sold 1,250 shares of the firm's stock in a transaction on Friday, January 6th. The shares were sold at an average price of $47.32, for a total value of $59,150.00. Following the completion of the transaction, the director now directly owns 82,278 shares of the company's stock, valued at $3,893,394.96. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, COO Christopher D. Payne sold 47,093 shares of DoorDash stock in a transaction on Monday, January 9th. The stock was sold at an average price of $47.79, for a total value of $2,250,574.47. Following the sale, the chief operating officer now owns 353,943 shares of the company's stock, valued at $16,914,935.97. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 221,967 shares of company stock valued at $12,006,456. 12.10% of the stock is owned by insiders.

DoorDash Stock Performance

DoorDash stock traded down $0.29 during mid-day trading on Wednesday, hitting $57.87. 1,390,906 shares of the company traded hands, compared to its average volume of 5,245,626. DoorDash, Inc. has a one year low of $41.37 and a one year high of $130.20. The stock has a market cap of $22.69 billion, a price-to-earnings ratio of -15.99 and a beta of 1.45. The stock has a fifty day moving average price of $56.07 and a 200-day moving average price of $54.94.

DoorDash (NYSE:DASH – Get Rating) last posted its quarterly earnings results on Thursday, February 16th. The company reported ($0.63) EPS for the quarter, beating analysts' consensus estimates of ($0.70) by $0.07. The company had revenue of $1.82 billion during the quarter, compared to analyst estimates of $1.77 billion. DoorDash had a negative net margin of 20.74% and a negative return on equity of 15.12%. Sell-side analysts predict that DoorDash, Inc. will post -2.16 EPS for the current year.

Analyst Ratings Changes

A number of research firms have commented on DASH. UBS Group lifted their target price on shares of DoorDash from $58.00 to $68.00 in a report on Monday, February 20th. Jefferies Financial Group initiated coverage on shares of DoorDash in a research report on Monday, January 9th. They set an "underperform" rating and a $37.00 price target on the stock. Needham & Company LLC lifted their price target on shares of DoorDash from $75.00 to $84.00 and gave the stock a "buy" rating in a research report on Friday, February 17th. Bank of America reduced their price target on shares of DoorDash from $80.00 to $72.00 and set a "buy" rating on the stock in a research report on Tuesday, February 14th. Finally, Mizuho boosted their price objective on shares of DoorDash from $65.00 to $75.00 and gave the company a "neutral" rating in a research report on Friday, February 17th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $80.95.

About DoorDash

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DoorDash, Inc operates a logistics platform that connects merchants, consumers, and dashers in the United States and internationally. It operates DoorDash marketplace, which provides an array of services that enable merchants to solve mission-critical challenges, such as customer acquisition, delivery, insights and analytics, merchandising, payment processing, and customer support; and offers DoorDash Drive, a white-label logistics service; DoorDash Storefront that enables merchants to offer consumers on-demand access to e-commerce.

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