DoorDash, Inc. (NASDAQ:DASH) Shares Purchased by Simon Quick Advisors LLC

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

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in DASH. Rakuten Securities Inc. increased its holdings in shares of DoorDash by 302.3% in the 3rd quarter. Rakuten Securities Inc. now owns 173 shares of the company’s stock valued at $25,000 after acquiring an additional 130 shares during the period. ORG Wealth Partners LLC acquired a new position in DoorDash in the fourth quarter valued at $36,000. MassMutual Private Wealth & Trust FSB raised its holdings in shares of DoorDash by 34.0% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 272 shares of the company’s stock valued at $46,000 after buying an additional 69 shares during the last quarter. Hollencrest Capital Management acquired a new stake in shares of DoorDash during the third quarter worth about $54,000. Finally, Quarry LP purchased a new position in shares of DoorDash during the second quarter worth about $60,000. Hedge funds and other institutional investors own 90.64% of the company’s stock.

DoorDash Price Performance

NASDAQ:DASH opened at $183.13 on Friday. DoorDash, Inc. has a 1-year low of $99.32 and a 1-year high of $183.48. The stock has a market cap of $76.07 billion, a P/E ratio of -406.96, a PEG ratio of 1.88 and a beta of 1.71. The firm has a 50-day moving average of $173.85 and a two-hundred day moving average of $147.67.

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

Analysts Set New Price Targets

Several analysts have commented on the company. DA Davidson upped their price objective on DoorDash from $119.00 to $150.00 and gave the company a “neutral” rating in a research note on Thursday, October 31st. JMP Securities reaffirmed a “market outperform” rating and set a $200.00 price target on shares of DoorDash in a report on Thursday, January 2nd. KeyCorp boosted their price objective on shares of DoorDash from $180.00 to $225.00 and gave the company an “overweight” rating in a research note on Thursday, January 9th. Morgan Stanley raised their target price on shares of DoorDash from $160.00 to $200.00 and gave the stock an “overweight” rating in a research note on Monday, January 13th. Finally, Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $160.00 target price on shares of DoorDash in a report on Monday, October 7th. Nine equities research analysts have rated the stock with a hold rating and twenty-five have issued a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $176.97.

Insider Buying and Selling at DoorDash

In other DoorDash news, Director Stanley Tang sold 1,855 shares of DoorDash stock in a transaction on Wednesday, November 20th. The shares were sold at an average price of $169.98, for a total value of $315,312.90. Following the completion of the transaction, the director now owns 35,413 shares of the company’s stock, valued at $6,019,501.74. The trade was a 4.98 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, CEO Tony Xu sold 108,332 shares of the stock in a transaction on Friday, November 15th. The stock was sold at an average price of $170.25, for a total transaction of $18,443,523.00. Following the sale, the chief executive officer now directly owns 1,500 shares in the company, valued at $255,375. This trade represents a 98.63 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 1,019,333 shares of company stock worth $177,556,541 over the last quarter. 7.92% of the stock is owned by corporate insiders.

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.