Capital Advisors Inc. OK Has $29.09 Million Stock Position in DoorDash, Inc. (NASDAQ:DASH)

Capital Advisors Inc. OK boosted its stake in shares of DoorDash, Inc. (NASDAQ:DASH) by 4.6% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 203,778 shares of the company’s stock after purchasing an additional 9,040 shares during the period. Capital Advisors Inc. OK’s holdings in DoorDash were worth $29,085,000 as of its most recent filing with the SEC.

A number of other institutional investors have also added to or reduced their stakes in the company. Meeder Asset Management Inc. raised its holdings in shares of DoorDash by 82.0% in the 2nd quarter. Meeder Asset Management Inc. now owns 293 shares of the company’s stock valued at $32,000 after purchasing an additional 132 shares during the period. Headlands Technologies LLC acquired a new position in shares of DoorDash during the 2nd quarter worth approximately $32,000. Versant Capital Management Inc increased its holdings in shares of DoorDash by 340.8% during the 2nd quarter. Versant Capital Management Inc now owns 335 shares of the company’s stock worth $36,000 after acquiring an additional 259 shares during the last quarter. ORG Partners LLC raised its stake in DoorDash by 2,108.3% in the 1st quarter. ORG Partners LLC now owns 265 shares of the company’s stock valued at $37,000 after acquiring an additional 253 shares during the period. Finally, Quest Partners LLC lifted its holdings in DoorDash by 146.8% during the 2nd quarter. Quest Partners LLC now owns 343 shares of the company’s stock valued at $37,000 after purchasing an additional 204 shares during the last quarter. 90.64% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at DoorDash

In related news, Director Shona L. Brown sold 5,005 shares of the firm’s stock in a transaction dated Monday, August 5th. The shares were sold at an average price of $120.00, for a total transaction of $600,600.00. Following the transaction, the director now directly owns 65,186 shares of the company’s stock, valued at $7,822,320. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In related news, Director Shona L. Brown sold 5,005 shares of the stock in a transaction that occurred on Monday, August 5th. The stock was sold at an average price of $120.00, for a total transaction of $600,600.00. Following the completion of the sale, the director now directly owns 65,186 shares of the company’s stock, valued at approximately $7,822,320. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Andy Fang sold 50,000 shares of the business’s stock in a transaction on Thursday, September 12th. The stock was sold at an average price of $130.20, for a total value of $6,510,000.00. Following the completion of the transaction, the director now directly owns 18,089 shares in the company, valued at approximately $2,355,187.80. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 383,710 shares of company stock valued at $53,725,640 over the last 90 days. Insiders own 7.92% of the company’s stock.

DoorDash Price Performance

Shares of DoorDash stock opened at $155.66 on Friday. The business has a 50-day simple moving average of $140.40 and a 200 day simple moving average of $124.21. The firm has a market capitalization of $64.06 billion, a price-to-earnings ratio of -345.91, a PEG ratio of 331.02 and a beta of 1.70. DoorDash, Inc. has a one year low of $83.58 and a one year high of $165.07.

DoorDash (NASDAQ:DASH) last issued its quarterly earnings data 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 during the quarter, compared to analysts’ expectations of $2.66 billion. DoorDash had a negative net margin of 1.69% and a negative return on equity of 2.46%. The business’s revenue was up 25.0% on a year-over-year basis. During the same period last year, the company earned ($0.19) earnings per share. On average, sell-side analysts expect that DoorDash, Inc. will post 0.01 EPS for the current year.

Analyst Ratings Changes

DASH has been the topic of several research reports. Bank of America upped their price objective on shares of DoorDash from $168.00 to $172.00 and gave the company a “buy” rating in a report on Thursday. Susquehanna increased their price target on shares of DoorDash from $140.00 to $180.00 and gave the company a “positive” rating in a report on Friday. Wedbush restated a “neutral” rating and set a $115.00 price objective on shares of DoorDash in a report on Friday, August 2nd. JPMorgan Chase & Co. lifted their price target on DoorDash from $137.00 to $155.00 and gave the stock a “neutral” rating in a report on Thursday. Finally, Jefferies Financial Group upped their price objective on DoorDash from $155.00 to $180.00 and gave the company a “buy” rating in a report on Tuesday, October 22nd. Ten research analysts have rated the stock with a hold rating and twenty-four have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $163.12.

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.