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 $2.61 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 Wednesday at a closing price of $107.12, with 3.82 million shares of worth about $409.41 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 25.43% during that period and On Wednesday, January 24 the price saw a gain of about 1.35%. Currently the company’s common shares owned by public are about 363.30M shares, out of which, 271.84M shares are available for trading.
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According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 423 times over the past 12 months. They bought 47,610,310 shares in 103 of the transactions. In 320 selling transactions, insiders dumped 56,256,146 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 16.83 million shares of worth totaling $1.66 billion. The company recently came selling -1.99 million shares which brought its stake up to 4.54% of the company’s outstanding shares. Vanguard Total Stock Market ETF bought 0.73 million shares, after which its hold over company’s outstanding shares expand to 2.67%, leaving 9.91 million shares with the mutual fund that have a worth of about $979.6 million. Vanguard Mid Cap Index Fund, after buying 7.06 million shares, have now control over 1.91% of the stake in the company. It holds 0.41 million shares of worth $698.45 million.
However, the stock later moved at a day high price of 107.63, or with a gain of 1.35%. Stock saw a price change of 4.11% in past 5 days and over the past one month there was a price change of 6.52%. Year-to-date (YTD), DASH shares are showing a performance of 8.32% which increased to 76.79% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $51.50 but also hit the highest price of $107.88 during that period. The average intraday trading volume for DoorDash Inc shares is 4.55 million. The stock is currently trading 5.91% above its 20-day simple moving average (SMA20), while that difference is up 8.92% for SMA50 and it goes to 32.60% higher than SMA200.
The Vanguard Group, Inc. acquired 26.41 million shares of DoorDash Inc having value of about $2.61 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 $82147435.76, 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 58.84% of that. Holding of mutual funds in the company is about 25.32% while other institutional holders and individual stake holders have control over 38.40% and 25.07% of the stake respectively.
The stock has a current market capitalization of $42.66B 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 2.48% while standing at 2.57% over the month.
Analysts are in expectations that DoorDash Inc (DASH) stock would likely to be making an EPS of -$0.15 in the current quarter, while forecast for next quarter EPS is -$0.12 and it is -$0.13 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 67.69% while it is estimated to increase by 90.38% in next year.
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 BMO Capital Markets on January 09, 2024 offering an Outperform rating for the stock and assigned a target price of $120 to it.
