AXQ Capital LP Buys New Position in DoorDash, Inc. $DASH

AXQ Capital LP acquired a new position in DoorDash, Inc. (NASDAQ:DASH) in the 4th quarter, HoldingsChannel.com reports. The firm acquired 4,689 shares of the company’s stock, valued at approximately $1,062,000.

Several other institutional investors have also recently modified their holdings of DASH. Physician Wealth Advisors Inc. raised its stake in shares of DoorDash by 284.0% in the third quarter. Physician Wealth Advisors Inc. now owns 96 shares of the company’s stock worth $26,000 after purchasing an additional 71 shares during the last quarter. Eastern Bank raised its stake in shares of DoorDash by 714.3% in the fourth quarter. Eastern Bank now owns 114 shares of the company’s stock worth $26,000 after purchasing an additional 100 shares during the last quarter. ST Germain D J Co. Inc. purchased a new position in shares of DoorDash in the fourth quarter worth about $29,000. Sunbelt Securities Inc. raised its stake in shares of DoorDash by 124.1% in the third quarter. Sunbelt Securities Inc. now owns 121 shares of the company’s stock worth $33,000 after purchasing an additional 67 shares during the last quarter. Finally, Morse Asset Management Inc purchased a new position in shares of DoorDash in the third quarter worth about $36,000. 90.64% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, insider Keith Yandell sold 2,643 shares of the firm’s stock in a transaction that occurred on Tuesday, May 26th. The stock was sold at an average price of $155.34, for a total value of $410,563.62. Following the transaction, the insider owned 81,106 shares in the company, valued at $12,599,006.04. This trade represents a 3.16% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Shona L. Brown sold 1,250 shares of the firm’s stock in a transaction that occurred on Monday, March 9th. The shares were sold at an average price of $176.61, for a total value of $220,762.50. Following the completion of the transaction, the director owned 31,002 shares in the company, valued at approximately $5,475,263.22. This trade represents a 3.88% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 69,808 shares of company stock valued at $11,135,403. 5.83% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several research analysts have recently issued reports on DASH shares. Truist Financial reduced their price objective on DoorDash from $340.00 to $330.00 and set a “buy” rating for the company in a research note on Thursday, May 7th. Citigroup dropped their target price on DoorDash from $280.00 to $250.00 and set a “buy” rating on the stock in a report on Friday, May 8th. Benchmark raised their target price on DoorDash from $280.00 to $285.00 and gave the stock a “buy” rating in a report on Thursday, February 19th. UBS Group raised their target price on DoorDash from $206.00 to $214.00 and gave the stock a “neutral” rating in a report on Thursday, May 7th. Finally, Weiss Ratings raised DoorDash from a “hold (c-)” rating to a “hold (c)” rating in a report on Wednesday, May 13th. Two research analysts have rated the stock with a Strong Buy rating, twenty-five have assigned a Buy rating and nine have assigned a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $259.58.

DoorDash Stock Down 4.8%

Shares of DASH opened at $156.95 on Wednesday. The company has a current ratio of 1.43, a quick ratio of 1.43 and a debt-to-equity ratio of 0.27. DoorDash, Inc. has a 12 month low of $143.30 and a 12 month high of $285.50. The stock’s 50 day moving average is $162.32 and its two-hundred day moving average is $186.94. The firm has a market cap of $68.39 billion, a P/E ratio of 74.74 and a beta of 1.83.

DoorDash (NASDAQ:DASH) last issued its quarterly earnings data on Wednesday, May 6th. The company reported $0.42 EPS for the quarter, beating the consensus estimate of $0.36 by $0.06. DoorDash had a return on equity of 9.58% and a net margin of 6.29%.The company had revenue of $4.04 billion for the quarter, compared to analyst estimates of $4.15 billion. During the same period last year, the company earned $0.44 earnings per share. DoorDash’s quarterly revenue was up 33.1% compared to the same quarter last year. Analysts predict that DoorDash, Inc. will post 2.45 earnings per share for the current fiscal year.

About DoorDash

DoorDash, Inc operates a technology-driven logistics and food-delivery marketplace that connects consumers, merchants and independent delivery contractors. The company’s core service enables customers to order from local restaurants and retailers through its app and website while DoorDash handles last-mile fulfillment via its network of drivers, known as “Dashers.” Over time the platform has broadened beyond restaurant deliveries to include groceries, convenience items and retail deliveries, positioning DoorDash as a broader on-demand logistics provider for consumer goods.

In addition to its marketplace, DoorDash offers a suite of products and services for consumers and businesses.