5,714 Shares of DoorDash, Inc. $DASH Bought by Abel Hall LLC

Abel Hall LLC bought a new stake in DoorDash, Inc. (NASDAQ:DASH) during the 3rd quarter, HoldingsChannel reports. The fund bought 5,714 shares of the company’s stock, valued at approximately $1,049,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. MV Capital Management Inc. purchased a new position in DoorDash during the fourth quarter worth about $26,000. Washington Trust Advisors Inc. lifted its position in DoorDash by 81.0% in the second quarter. Washington Trust Advisors Inc. now owns 143 shares of the company’s stock valued at $26,000 after purchasing an additional 64 shares during the period. Activest Wealth Management lifted its position in DoorDash by 892.9% in the third quarter. Activest Wealth Management now owns 139 shares of the company’s stock valued at $26,000 after purchasing an additional 125 shares during the period. Clark Wealth Partners boosted its holdings in DoorDash by 833.3% in the 3rd quarter. Clark Wealth Partners now owns 196 shares of the company’s stock valued at $36,000 after purchasing an additional 175 shares in the last quarter. Finally, CENTRAL TRUST Co boosted its holdings in DoorDash by 269.4% in the 1st quarter. CENTRAL TRUST Co now owns 266 shares of the company’s stock valued at $40,000 after purchasing an additional 194 shares in the last quarter. 90.64% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

DASH has been the topic of several recent analyst reports. Needham & Company LLC reiterated a “buy” rating and set a $265.00 target price on shares of DoorDash in a research report on Thursday, August 6th. Citigroup reissued a “market outperform” rating on shares of DoorDash in a report on Wednesday, September 30th. JPMorgan Chase & Co. raised their price target on DoorDash from $250.00 to $262.00 in a report on Wednesday, August 5th. Guggenheim restated a “buy” rating and issued a $255.00 price target on shares of DoorDash in a research note on Wednesday, October 14th. Finally, Moffett Nathanson dropped their price objective on DoorDash from $280.00 to $278.00 and set a “buy” rating on the stock in a report on Thursday, August 6th. Two research analysts have rated the stock with a Strong Buy rating, thirty-one have issued a Buy rating, eight have issued a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, DoorDash has an average rating of “Moderate Buy” and a consensus target price of $254.95.

DoorDash Price Performance

DASH stock traded up $4.38 during trading on Monday, reaching $193.53. 2,587,468 shares of the company were exchanged, compared to its average volume of 4,588,868. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.37 and a current ratio of 1.37. The stock’s 50 day moving average price is $204.83 and its 200 day moving average price is $184.18. DoorDash, Inc. has a 52-week low of $143.30 and a 52-week high of $269.00. The company has a market cap of $83.86 billion, a P/E ratio of 101.32 and a beta of 1.90.

DoorDash (NASDAQ:DASH) last issued its earnings results on Wednesday, August 5th. The company reported $0.46 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.47 by ($0.01). DoorDash had a net margin of 5.29% and a return on equity of 8.48%. The company had revenue of $4.45 billion during the quarter, compared to analysts’ expectations of $4.34 billion. During the same period last year, the business posted $0.65 earnings per share. The company’s quarterly revenue was up 35.6% on a year-over-year basis. As a group, analysts predict that DoorDash, Inc. will post 2.51 earnings per share for the current fiscal year.

Insider Buying and Selling at DoorDash

In related news, Director Stanley Tang sold 23,125 shares of DoorDash stock in a transaction on Friday, October 2nd. The stock was sold at an average price of $186.19, for a total transaction of $4,305,643.75. Following the completion of the transaction, the director directly owned 10,361 shares of the company’s stock, valued at approximately $1,929,114.59. The trade was a 69.06% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Andy Fang sold 5,000 shares of DoorDash stock in a transaction on Thursday, October 1st. The stock was sold at an average price of $183.69, for a total value of $918,450.00. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders have sold 393,998 shares of company stock worth $85,861,330. Corporate insiders own 44.90% of the company’s stock.

DoorDash Company Profile

DoorDash, Inc (NASDAQ:DASH) operates a local commerce platform that connects consumers with restaurants, grocery stores, convenience retailers and other merchants. Through its website and mobile applications, customers can browse products, place orders for delivery or pickup, and access related services.

The company provides merchants with ordering, delivery, logistics, marketing and payment tools. Its offerings include the DoorDash Marketplace, subscription programs such as DashPass, and delivery infrastructure that merchants can use through services including DoorDash Drive.