Decker Retirement Planning Inc. Invests $4.57 Million in DoorDash, Inc. (NASDAQ:DASH)

Decker Retirement Planning Inc. purchased a new stake in shares of DoorDash, Inc. (NASDAQ:DASH - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 27,266 shares of the company's stock, valued at approximately $4,574,000. DoorDash makes up about 2.7% of Decker Retirement Planning Inc.'s investment portfolio, making the stock its 13th largest position.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Commonwealth Equity Services LLC raised its position in DoorDash by 34.5% in the second quarter. Commonwealth Equity Services LLC now owns 6,275 shares of the company's stock worth $683,000 after acquiring an additional 1,611 shares during the period. Quest Partners LLC raised its holdings in shares of DoorDash by 146.8% in the 2nd quarter. Quest Partners LLC now owns 343 shares of the company's stock worth $37,000 after purchasing an additional 204 shares during the period. Envestnet Asset Management Inc. lifted its stake in DoorDash by 2.4% in the second quarter. Envestnet Asset Management Inc. now owns 79,476 shares of the company's stock valued at $8,645,000 after purchasing an additional 1,828 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in DoorDash by 4.1% during the second quarter. Dimensional Fund Advisors LP now owns 919,633 shares of the company's stock valued at $100,051,000 after purchasing an additional 36,551 shares during the period. Finally, Primecap Management Co. CA increased its position in DoorDash by 3.5% in the second quarter. Primecap Management Co. CA now owns 130,570 shares of the company's stock worth $14,203,000 after buying an additional 4,400 shares during the last quarter. Hedge funds and other institutional investors own 90.64% of the company's stock.

DoorDash Price Performance

NASDAQ DASH traded up $3.69 on Friday, reaching $174.54. 2,699,936 shares of the company's stock traded hands, compared to its average volume of 2,382,506. The stock has a market cap of $72.50 billion, a PE ratio of -387.00, a P/E/G ratio of 1.77 and a beta of 1.71. DoorDash, Inc. has a 12 month low of $99.32 and a 12 month high of $181.78. The stock has a 50-day simple moving average of $173.54 and a 200 day simple moving average of $145.27.

DoorDash (NASDAQ:DASH - Get Free Report) last released its earnings results on Wednesday, October 30th. The company reported $0.38 EPS for the quarter, beating the consensus estimate of $0.21 by $0.17. The company had revenue of $2.71 billion for the quarter, compared to analyst estimates of $2.66 billion. DoorDash had a negative net margin of 1.69% and a negative return on equity of 2.41%. The firm's quarterly revenue was up 25.0% compared to the same quarter last year. During the same quarter last year, the firm earned ($0.19) EPS. As a group, analysts anticipate that DoorDash, Inc. will post 0.26 EPS for the current year.

Analysts Set New Price Targets

Several research analysts have recently weighed in on DASH shares. Barclays increased their price target on DoorDash from $120.00 to $163.00 and gave the stock an "equal weight" rating in a research note on Friday, November 1st. Oppenheimer upped their price objective on shares of DoorDash from $145.00 to $160.00 and gave the company an "outperform" rating in a report on Friday, September 27th. UBS Group lifted their target price on shares of DoorDash from $143.00 to $160.00 and gave the stock a "neutral" rating in a research note on Friday, October 18th. Jefferies Financial Group upped their price target on shares of DoorDash from $155.00 to $180.00 and gave the company a "buy" rating in a research note on Tuesday, October 22nd. Finally, Morgan Stanley boosted their target price on shares of DoorDash from $160.00 to $200.00 and gave the company an "overweight" rating in a report on Monday. Nine investment analysts have rated the stock with a hold rating and twenty-five have assigned a buy rating to the stock. According to MarketBeat, DoorDash has a consensus rating of "Moderate Buy" and an average price target of $175.97.

Insider Activity

In other DoorDash news, CEO Tony Xu sold 108,332 shares of the business's stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $170.25, for a total value of $18,443,523.00. Following the transaction, the chief executive officer now owns 1,500 shares in the company, valued at approximately $255,375. The trade was a 98.63 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, General Counsel Tia Sherringham sold 12,950 shares of the stock in a transaction dated Wednesday, November 20th. The stock was sold at an average price of $169.98, for a total transaction of $2,201,241.00. Following the sale, the general counsel now owns 145,917 shares of the company's stock, valued at approximately $24,802,971.66. This represents a 8.15 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 1,019,333 shares of company stock valued at $177,556,541. 7.92% of the stock is currently owned by insiders.

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.