E Fund Management Co. Ltd. Has $355,000 Stock Holdings in DoorDash, Inc. (NASDAQ:DASH)

E Fund Management Co. Ltd. raised its stake in DoorDash, Inc. (NASDAQ:DASH) by 3.5% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 3,263 shares of the company’s stock after buying an additional 111 shares during the quarter. E Fund Management Co. Ltd.’s holdings in DoorDash were worth $355,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. Everhart Financial Group Inc. increased its holdings in shares of DoorDash by 3.1% in the second quarter. Everhart Financial Group Inc. now owns 3,267 shares of the company’s stock worth $355,000 after acquiring an additional 99 shares in the last quarter. GAMMA Investing LLC increased its holdings in shares of DoorDash by 17.2% in the first quarter. GAMMA Investing LLC now owns 736 shares of the company’s stock worth $101,000 after acquiring an additional 108 shares in the last quarter. SJS Investment Consulting Inc. increased its holdings in shares of DoorDash by 21.0% in the second quarter. SJS Investment Consulting Inc. now owns 673 shares of the company’s stock worth $73,000 after acquiring an additional 117 shares in the last quarter. Meeder Advisory Services Inc. increased its holdings in shares of DoorDash by 4.4% in the first quarter. Meeder Advisory Services Inc. now owns 3,006 shares of the company’s stock worth $414,000 after acquiring an additional 126 shares in the last quarter. Finally, Meeder Asset Management Inc. increased its holdings in shares of DoorDash by 82.0% in the second quarter. Meeder Asset Management Inc. now owns 293 shares of the company’s stock worth $32,000 after acquiring an additional 132 shares in the last quarter. Institutional investors and hedge funds own 90.64% of the company’s stock.

DoorDash Trading Up 2.0 %

NASDAQ DASH opened at $132.48 on Thursday. DoorDash, Inc. has a 1 year low of $69.90 and a 1 year high of $143.34. The firm has a market capitalization of $54.17 billion, a P/E ratio of -122.67, a price-to-earnings-growth ratio of 275.59 and a beta of 1.69. The firm’s fifty day moving average price is $119.51 and its two-hundred day moving average price is $121.34.

DoorDash (NASDAQ:DASH) last released its quarterly earnings data on Thursday, August 1st. The company reported ($0.38) EPS for the quarter, missing the consensus estimate of ($0.09) by ($0.29). DoorDash had a negative net margin of 4.24% and a negative return on equity of 5.91%. The company had revenue of $2.63 billion during the quarter, compared to analyst estimates of $2.54 billion. During the same quarter in the prior year, the firm earned ($0.44) earnings per share. DoorDash’s revenue for the quarter was up 23.3% on a year-over-year basis. On average, research analysts anticipate that DoorDash, Inc. will post 0.01 EPS for the current fiscal year.

Insider Buying and Selling at DoorDash

In other DoorDash news, insider Keith Yandell sold 6,554 shares of the company’s stock in a transaction on Monday, July 1st. The shares were sold at an average price of $107.75, for a total value of $706,193.50. Following the transaction, the insider now directly owns 155,097 shares in the company, valued at $16,711,701.75. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In related news, insider Keith Yandell sold 6,554 shares of the company’s stock in a transaction dated Monday, July 1st. The shares were sold at an average price of $107.75, for a total value of $706,193.50. Following the transaction, the insider now directly owns 155,097 shares in the company, valued at $16,711,701.75. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Shona L. Brown sold 1,712 shares of the company’s stock in a transaction dated Tuesday, June 25th. The shares were sold at an average price of $110.97, for a total transaction of $189,980.64. Following the completion of the transaction, the director now owns 70,191 shares in the company, valued at $7,789,095.27. The disclosure for this sale can be found here. Insiders have sold a total of 304,769 shares of company stock worth $34,760,113 over the last ninety days. Insiders own 7.92% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have issued reports on DASH. Redburn Atlantic began coverage on DoorDash in a report on Friday, July 26th. They issued a “buy” rating and a $170.00 price target for the company. Benchmark restated a “buy” rating and issued a $150.00 price target on shares of DoorDash in a report on Tuesday, July 30th. Wedbush restated a “neutral” rating and issued a $115.00 price target on shares of DoorDash in a report on Friday, August 2nd. BMO Capital Markets increased their price objective on DoorDash from $127.00 to $140.00 and gave the stock an “outperform” rating in a report on Friday, August 2nd. Finally, Wells Fargo & Company increased their price objective on DoorDash from $125.00 to $127.00 and gave the stock an “equal weight” rating in a report on Friday, August 2nd. Eleven investment analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, DoorDash currently has a consensus rating of “Moderate Buy” and an average price target of $142.57.

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.