DoorDash, Inc. (NASDAQ:DASH) Position Raised by Simon Quick Advisors LLC

Simon Quick Advisors LLC lifted its position in shares of DoorDash, Inc. (NASDAQ:DASH) by 9.9% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 1,858 shares of the company’s stock after acquiring an additional 167 shares during the period. Simon Quick Advisors LLC’s holdings in DoorDash were worth $312,000 as of its most recent filing with the SEC.

A number of other large investors have also modified their holdings of the company. Rakuten Securities Inc. boosted its stake in DoorDash by 302.3% during the 3rd quarter. Rakuten Securities Inc. now owns 173 shares of the company’s stock valued at $25,000 after purchasing an additional 130 shares during the period. ORG Wealth Partners LLC bought a new stake in shares of DoorDash during the fourth quarter valued at approximately $36,000. MassMutual Private Wealth & Trust FSB boosted its position in shares of DoorDash by 34.0% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 272 shares of the company’s stock worth $46,000 after buying an additional 69 shares during the period. Hollencrest Capital Management bought a new position in DoorDash in the 3rd quarter worth approximately $54,000. Finally, Venturi Wealth Management LLC increased its position in DoorDash by 39.0% in the 3rd quarter. Venturi Wealth Management LLC now owns 424 shares of the company’s stock valued at $61,000 after acquiring an additional 119 shares during the period. Institutional investors and hedge funds own 90.64% of the company’s stock.

Wall Street Analyst Weigh In

DASH has been the subject of a number of analyst reports. Needham & Company LLC boosted their price target on DoorDash from $145.00 to $180.00 and gave the stock a “buy” rating in a research report on Thursday, October 31st. Jefferies Financial Group increased their target price on shares of DoorDash from $155.00 to $180.00 and gave the company a “buy” rating in a research report on Tuesday, October 22nd. Royal Bank of Canada boosted their price target on shares of DoorDash from $175.00 to $215.00 and gave the stock an “outperform” rating in a research report on Friday, December 6th. BMO Capital Markets increased their price objective on shares of DoorDash from $140.00 to $180.00 and gave the company an “outperform” rating in a report on Thursday, October 31st. Finally, Benchmark boosted their target price on DoorDash from $152.00 to $173.00 and gave the stock a “buy” rating in a report on Thursday, October 17th. Nine investment analysts have rated the stock with a hold rating and twenty-five have issued a buy rating to the company’s stock. According to MarketBeat.com, DoorDash has an average rating of “Moderate Buy” and an average price target of $176.97.

DoorDash Trading Up 3.1 %

NASDAQ:DASH opened at $183.13 on Friday. The business’s fifty day moving average price is $173.85 and its 200 day moving average price is $147.67. The firm has a market capitalization of $76.07 billion, a price-to-earnings ratio of -406.96, a PEG ratio of 1.88 and a beta of 1.71. DoorDash, Inc. has a 1-year low of $99.32 and a 1-year high of $183.48.

DoorDash (NASDAQ:DASH) last issued its earnings results on Wednesday, October 30th. The company reported $0.38 earnings per share for the quarter, beating analysts’ consensus estimates of $0.21 by $0.17. The company had revenue of $2.71 billion for the quarter, compared to the consensus estimate of $2.66 billion. DoorDash had a negative return on equity of 2.41% and a negative net margin of 1.69%. The firm’s quarterly revenue was up 25.0% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.19) EPS. Equities analysts forecast that DoorDash, Inc. will post 0.27 earnings per share for the current year.

Insiders Place Their Bets

In other DoorDash news, CEO Tony Xu sold 108,332 shares of the business’s stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $170.35, for a total value of $18,454,356.20. Following the completion of the sale, the chief executive officer now owns 1,500 shares of the company’s stock, valued at $255,525. The trade was a 98.63 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Andy Fang sold 50,000 shares of the stock in a transaction dated Monday, January 13th. The shares were sold at an average price of $168.32, for a total value of $8,416,000.00. Following the transaction, the director now directly owns 16,176 shares in the company, valued at approximately $2,722,744.32. This represents a 75.56 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 1,019,333 shares of company stock worth $177,556,541 in the last quarter. 7.92% of the stock is currently owned by corporate insiders.

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.