Capital Advisors Inc. OK Purchases 9,040 Shares of DoorDash, Inc. (NASDAQ:DASH)

Capital Advisors Inc. OK boosted its position in DoorDash, Inc. (NASDAQ:DASH) by 4.6% during the third quarter, HoldingsChannel reports. The fund owned 203,778 shares of the company’s stock after buying an additional 9,040 shares during the quarter. Capital Advisors Inc. OK’s holdings in DoorDash were worth $29,085,000 as of its most recent filing with the SEC.

Several other institutional investors have also added to or reduced their stakes in the business. Baillie Gifford & Co. boosted its holdings in shares of DoorDash by 0.8% in the second quarter. Baillie Gifford & Co. now owns 12,497,488 shares of the company’s stock worth $1,359,477,000 after acquiring an additional 94,241 shares during the period. Capital World Investors boosted its position in shares of DoorDash by 0.8% in the first quarter. Capital World Investors now owns 9,470,247 shares of the company’s stock valued at $1,304,242,000 after acquiring an additional 74,504 shares during the period. Price T Rowe Associates Inc. MD grew its stake in DoorDash by 4.6% during the first quarter. Price T Rowe Associates Inc. MD now owns 5,469,647 shares of the company’s stock valued at $753,281,000 after acquiring an additional 242,956 shares in the last quarter. Janus Henderson Group PLC increased its holdings in DoorDash by 11,416.7% during the 1st quarter. Janus Henderson Group PLC now owns 3,455,116 shares of the company’s stock worth $475,837,000 after acquiring an additional 3,425,115 shares during the period. Finally, Dragoneer Investment Group LLC increased its holdings in DoorDash by 77.9% during the 2nd quarter. Dragoneer Investment Group LLC now owns 2,847,537 shares of the company’s stock worth $309,755,000 after acquiring an additional 1,246,567 shares during the period. 90.64% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at DoorDash

In related news, Director Andy Fang sold 50,000 shares of the stock in a transaction that occurred on Monday, October 14th. The shares were sold at an average price of $149.83, for a total transaction of $7,491,500.00. Following the transaction, the director now owns 18,089 shares in the company, valued at $2,710,274.87. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other DoorDash news, Director Andy Fang sold 50,000 shares of the firm’s stock in a transaction dated Monday, October 14th. The stock was sold at an average price of $149.83, for a total value of $7,491,500.00. Following the transaction, the director now directly owns 18,089 shares of the company’s stock, valued at approximately $2,710,274.87. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Shona L. Brown sold 5,005 shares of the business’s stock in a transaction dated Monday, August 5th. The shares were sold at an average price of $120.00, for a total value of $600,600.00. Following the sale, the director now owns 65,186 shares of the company’s stock, valued at approximately $7,822,320. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 383,710 shares of company stock worth $53,725,640. Company insiders own 7.92% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently weighed in on DASH. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $160.00 price target on shares of DoorDash in a report on Monday, October 7th. Wells Fargo & Company lifted their price objective on shares of DoorDash from $127.00 to $142.00 and gave the stock an “equal weight” rating in a report on Friday, October 4th. Oppenheimer increased their target price on DoorDash from $145.00 to $160.00 and gave the company an “outperform” rating in a research note on Friday, September 27th. Royal Bank of Canada lifted their price target on DoorDash from $165.00 to $175.00 and gave the stock an “outperform” rating in a research note on Thursday. Finally, Needham & Company LLC increased their price objective on DoorDash from $145.00 to $180.00 and gave the company a “buy” rating in a research report on Thursday. Ten investment analysts have rated the stock with a hold rating and twenty-four have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $163.12.

DoorDash Stock Down 0.7 %

Shares of NASDAQ DASH opened at $155.66 on Friday. The company has a 50 day moving average of $140.40 and a 200 day moving average of $124.21. DoorDash, Inc. has a twelve month low of $83.58 and a twelve month high of $165.07. The firm has a market cap of $64.06 billion, a P/E ratio of -345.91, a PEG ratio of 331.02 and a beta of 1.70.

DoorDash (NASDAQ:DASH) last posted its quarterly earnings results on Wednesday, October 30th. The company reported $0.38 earnings per share for the quarter, topping the consensus estimate of $0.21 by $0.17. DoorDash had a negative return on equity of 2.46% and a negative net margin of 1.69%. The firm had revenue of $2.71 billion during the quarter, compared to analysts’ expectations of $2.66 billion. During the same quarter in the previous year, the business earned ($0.19) earnings per share. The company’s revenue was up 25.0% on a year-over-year basis. As a group, equities analysts expect that DoorDash, Inc. will post 0.01 earnings per share for the current fiscal year.

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.