First Trust Direct Indexing L.P. Buys 568 Shares of DoorDash, Inc. (NASDAQ:DASH)

First Trust Direct Indexing L.P. lifted its stake in DoorDash, Inc. (NASDAQ:DASH) by 11.1% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 5,704 shares of the company’s stock after acquiring an additional 568 shares during the period. First Trust Direct Indexing L.P.’s holdings in DoorDash were worth $814,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in DASH. Brighton Jones LLC increased its position in DoorDash by 0.8% during the 2nd quarter. Brighton Jones LLC now owns 10,317 shares of the company’s stock valued at $1,122,000 after buying an additional 82 shares in the last quarter. Everhart Financial Group Inc. boosted its stake in shares of DoorDash by 3.1% in the second quarter. Everhart Financial Group Inc. now owns 3,267 shares of the company’s stock worth $355,000 after buying an additional 99 shares during the last quarter. E Fund Management Co. Ltd. boosted its stake in shares of DoorDash by 3.5% in the second quarter. E Fund Management Co. Ltd. now owns 3,263 shares of the company’s stock worth $355,000 after buying an additional 111 shares during the last quarter. SJS Investment Consulting Inc. boosted its stake in shares of DoorDash by 21.0% in the second quarter. SJS Investment Consulting Inc. now owns 673 shares of the company’s stock worth $73,000 after buying an additional 117 shares during the last quarter. Finally, Meeder Advisory Services Inc. boosted its stake in shares of DoorDash by 4.4% in the first quarter. Meeder Advisory Services Inc. now owns 3,006 shares of the company’s stock worth $414,000 after buying an additional 126 shares during the last quarter. 90.64% of the stock is owned by institutional investors.

DoorDash Stock Performance

NASDAQ:DASH opened at $155.66 on Friday. The stock has a fifty day moving average price of $140.40 and a two-hundred day moving average price of $124.21. The stock 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 1 year low of $83.58 and a 1 year high of $165.07.

DoorDash (NASDAQ:DASH) last released its quarterly earnings data on Wednesday, October 30th. The company reported $0.38 earnings per share (EPS) 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 prior year, the business posted ($0.19) earnings per share. DoorDash’s revenue was up 25.0% compared to the same quarter last year. On average, analysts predict that DoorDash, Inc. will post 0.01 EPS for the current year.

Insider Activity

In other news, Director Shona L. Brown sold 5,005 shares of the firm’s stock in a transaction on Monday, August 5th. The stock was sold at an average price of $120.00, for a total value of $600,600.00. Following the completion of the transaction, the director now owns 65,186 shares in the company, valued at $7,822,320. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In related news, Director Shona L. Brown sold 5,005 shares of the stock in a transaction 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 sale, the director now 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 legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Tony Xu sold 81,249 shares of the firm’s stock in a transaction dated Tuesday, October 15th. The stock was sold at an average price of $147.87, for a total value of $12,014,289.63. The disclosure for this sale can be found here. Insiders sold a total of 383,710 shares of company stock worth $53,725,640 over the last 90 days. 7.92% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the company. Royal Bank of Canada upped their price target on DoorDash from $165.00 to $175.00 and gave the stock an “outperform” rating in a report on Thursday. Needham & Company LLC increased their price objective on DoorDash from $145.00 to $180.00 and gave the stock a “buy” rating in a research report on Thursday. Redburn Atlantic began coverage on shares of DoorDash in a research note on Friday, July 26th. They set a “buy” rating and a $170.00 price target on the stock. Mizuho upped their target price on shares of DoorDash from $162.00 to $173.00 and gave the stock an “outperform” rating in a research note on Thursday, October 24th. Finally, BMO Capital Markets upped their target price on shares of DoorDash from $140.00 to $180.00 and gave the stock an “outperform” rating in a research note on Thursday. Ten equities 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, DoorDash has an average rating of “Moderate Buy” and an average price target of $163.12.

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.