The Vanguard Group, Inc. has recently announced that it has increased stake in DoorDash Inc (NASDAQ:DASH) by 2.99%. After grabbing 26.41 million shares, the institutional investor is now in possession of 0.77 million shares of the Communication Services Company. The new investment brought the stake of investor firm to 7.12% having worth around $2.48 billion. Moreover, Capital Research & Management Co increased its share by 1.81 million to have a control over 20.06 million shares. And BlackRock Fund Advisors raised its holdings to 0.58 million shares by acquiring 11.45 million shares or 3.09% of the stake.
DoorDash Inc (DASH) concluded trading on 12/28/23 at a closing price of $100.21, with 2.34 million shares of worth about $234.58 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 32.82% during that period and on Thursday the price saw a loss of about -0.48%. Currently the company’s common shares owned by public are about 363.30M shares, out of which, 270.02M shares are available for trading.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 425 times over the past 12 months. They bought 47,532,848 shares in 104 of the transactions. In 321 selling transactions, insiders dumped 56,170,489 shares.
American Funds Growth Fund of Ame, Vanguard Total Stock Market ETF, and Vanguard Mid Cap Index Fund are the top 3 mutual funds which are holding stakes in DoorDash Inc American Funds Growth Fund of Ame is currently holding 18.82 million shares of worth totaling $1.77 billion. The company recently came buying 1.83 million shares which brought its stake up to 5.08% of the company’s outstanding shares. Vanguard Total Stock Market ETF bought 11248.0 shares, after which its hold over company’s outstanding shares expand to 2.47%, leaving 9.17 million shares with the mutual fund that have a worth of about $861.97 million. Vanguard Mid Cap Index Fund, after buying 6.65 million shares, have now control over 1.79% of the stake in the company. It holds 17075.0 shares of worth $624.63 million.
DoorDash Inc (NASDAQ: DASH) started trading at $100.80, above $0.11 from concluding price of the previous day. However, the stock later moved at a day high price of 100.81, or with a loss of -0.48%. Stock saw a price change of 1.51% in past 5 days and over the past one month there was a price change of 6.11%. Year-to-date (YTD), DASH shares are showing a performance of 105.26% which increased to 106.92% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $45.93 but also hit the highest price of $103.98 during that period. The average intraday trading volume for DoorDash Inc shares is 4.57 million. The stock is currently trading 0.88% above its 20-day simple moving average (SMA20), while that difference is up 10.68% for SMA50 and it goes to 29.62% higher than SMA200.
The Vanguard Group, Inc. acquired 26.41 million shares of DoorDash Inc having value of about $2.48 billion. Data submitted at the U.S SEC by The Vanguard Group, Inc. revealed that the firm now holds 0.77 million shares in the company valued at close to $76848343.33, or have control over 2.99% stake in the company. DoorDash Inc (NASDAQ: DASH) currently have 363.30M outstanding shares and institutions hold larger chunk of about 58.64% of that. Holding of mutual funds in the company is about 29.19% while other institutional holders and individual stake holders have control over 34.48% and 25.32% of the stake respectively.
The stock has a current market capitalization of $39.90B and its 3Y-monthly beta is at 1.72. It has posted earnings per share of -$2.69 in the same period. It has Quick Ratio of 1.71 while making debt-to-equity ratio of 0.08. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for DASH, volatility over the week remained 1.87% while standing at 2.76% over the month.
Analysts are in expectations that DoorDash Inc (DASH) stock would likely to be making an EPS of -$0.14 in the current quarter, while forecast for next quarter EPS is -$0.13 and it is -$0.18 for next year. For the current quarter EPS, analysts have given the company a lowest target -$0.37 which is -$0.02 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of -$1.65 in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 67.29% while it is estimated to increase by 85.02% in next year.
Analysts at 37 brokerage firms have issued recommendations for the DoorDash Inc (DASH)’s stock and average of those rates the stock at a “Moderate Buy” and assign it a score of 2.22. Out of those 37 Wall Street analysts, 15 recommended a “Buy” rating, while 20 were in favor recommending the stock as a “Hold” and 1 analyst recommended the stock as “Sell”.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Deutsche Bank on November 16, 2023 offering a Buy rating for the stock and assigned a target price of $125 to it.
