1,654 Shares in DoorDash, Inc. (NASDAQ:DASH) Purchased by Mill Creek Capital Advisors LLC

Mill Creek Capital Advisors LLC purchased a new position in DoorDash, Inc. (NASDAQ:DASH) during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 1,654 shares of the company’s stock, valued at approximately $236,000.

A number of other institutional investors have also recently bought and sold shares of DASH. US Bancorp DE increased its stake in DoorDash by 15.6% in the 1st quarter. US Bancorp DE now owns 7,948 shares of the company’s stock worth $1,095,000 after purchasing an additional 1,074 shares in the last quarter. Orion Portfolio Solutions LLC boosted its position in shares of DoorDash by 37.3% in the first quarter. Orion Portfolio Solutions LLC now owns 6,490 shares of the company’s stock worth $894,000 after buying an additional 1,762 shares during the period. Covestor Ltd boosted its position in shares of DoorDash by 72.6% in the first quarter. Covestor Ltd now owns 1,006 shares of the company’s stock worth $139,000 after buying an additional 423 shares during the period. Ameritas Investment Partners Inc. grew its holdings in shares of DoorDash by 1.6% during the first quarter. Ameritas Investment Partners Inc. now owns 10,920 shares of the company’s stock valued at $1,504,000 after buying an additional 167 shares in the last quarter. Finally, O Shaughnessy Asset Management LLC lifted its stake in DoorDash by 29.4% in the 1st quarter. O Shaughnessy Asset Management LLC now owns 8,565 shares of the company’s stock worth $1,180,000 after acquiring an additional 1,944 shares in the last quarter. Hedge funds and other institutional investors own 90.64% of the company’s stock.

Insider Buying and Selling at DoorDash

In other news, CEO Tony Xu sold 81,249 shares of DoorDash stock in a transaction that occurred on Tuesday, October 15th. The stock was sold at an average price of $147.87, for a total transaction of $12,014,289.63. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, COO Prabir Adarkar sold 32,124 shares of DoorDash stock in a transaction that occurred on Tuesday, October 15th. The stock was sold at an average price of $147.99, for a total value of $4,754,030.76. Following the sale, the chief operating officer now directly owns 963,094 shares in the company, valued at $142,528,281.06. The trade was a 3.23 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 324,539 shares of company stock valued at $46,439,330 in the last 90 days. 7.92% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several equities analysts have weighed in on DASH shares. Evercore ISI lifted their target price on DoorDash from $155.00 to $200.00 and gave the company an “outperform” rating in a research note on Thursday, October 31st. BMO Capital Markets boosted their price objective on shares of DoorDash from $140.00 to $180.00 and gave the company an “outperform” rating in a research report on Thursday, October 31st. Roth Mkm increased their target price on shares of DoorDash from $118.00 to $124.00 and gave the stock a “neutral” rating in a research report on Monday, August 5th. Cantor Fitzgerald restated an “overweight” rating and set a $160.00 price target on shares of DoorDash in a report on Monday, October 7th. Finally, DA Davidson upped their price target on shares of DoorDash from $119.00 to $150.00 and gave the stock a “neutral” rating in a research note on Thursday, October 31st. Ten investment analysts have rated the stock with a hold rating and twenty-four have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $164.03.

DoorDash Stock Down 2.5 %

DASH opened at $169.43 on Monday. The firm has a market capitalization of $70.38 billion, a P/E ratio of -376.51, a price-to-earnings-growth ratio of 14.26 and a beta of 1.67. The stock’s 50 day moving average price is $149.01 and its two-hundred day moving average price is $126.98. DoorDash, Inc. has a 12-month low of $92.56 and a 12-month high of $178.16.

DoorDash (NASDAQ:DASH) last released its earnings results on Wednesday, October 30th. The company reported $0.38 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.21 by $0.17. The firm had revenue of $2.71 billion for the quarter, compared to analyst estimates of $2.66 billion. DoorDash had a negative return on equity of 2.41% and a negative net margin of 1.69%. The company’s revenue was up 25.0% on a year-over-year basis. During the same quarter last year, the firm posted ($0.19) EPS. As a group, analysts anticipate that DoorDash, Inc. will post 0.24 earnings per share for the current year.

DoorDash 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.