DoorDash, Inc. (NASDAQ:DASH) Stock Holdings Raised by Donoghue Forlines LLC

Donoghue Forlines LLC lifted its holdings in shares of DoorDash, Inc. (NASDAQ:DASH - Free Report) by 168.0% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 12,110 shares of the company's stock after buying an additional 7,591 shares during the period. Donoghue Forlines LLC's holdings in DoorDash were worth $2,031,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the business. Janney Montgomery Scott LLC raised its position in DoorDash by 38.4% in the fourth quarter. Janney Montgomery Scott LLC now owns 59,175 shares of the company's stock worth $9,927,000 after acquiring an additional 16,410 shares in the last quarter. SG Americas Securities LLC grew its stake in shares of DoorDash by 128.2% during the 4th quarter. SG Americas Securities LLC now owns 50,222 shares of the company's stock worth $8,425,000 after purchasing an additional 28,218 shares during the period. Simon Quick Advisors LLC grew its stake in shares of DoorDash by 9.9% during the 4th quarter. Simon Quick Advisors LLC now owns 1,858 shares of the company's stock worth $312,000 after purchasing an additional 167 shares during the period. Fort Washington Investment Advisors Inc. OH increased its holdings in shares of DoorDash by 36.9% in the 4th quarter. Fort Washington Investment Advisors Inc. OH now owns 24,156 shares of the company's stock valued at $4,052,000 after purchasing an additional 6,514 shares in the last quarter. Finally, Ballentine Partners LLC lifted its stake in shares of DoorDash by 3.9% in the fourth quarter. Ballentine Partners LLC now owns 2,962 shares of the company's stock valued at $497,000 after purchasing an additional 112 shares during the period. 90.64% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at DoorDash

In other news, Director Andy Fang sold 50,000 shares of DoorDash stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $172.67, for a total transaction of $8,633,500.00. Following the sale, the director now owns 18,089 shares in the company, valued at $3,123,427.63. This trade represents a 73.43 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Tony Xu sold 115,432 shares of the company's stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $177.01, for a total transaction of $20,432,618.32. Following the completion of the transaction, the chief executive officer now owns 1,500 shares of the company's stock, valued at $265,515. This trade represents a 98.72 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 1,019,333 shares of company stock valued at $177,556,541 over the last 90 days. Corporate insiders own 7.92% of the company's stock.

DoorDash Stock Performance

DoorDash stock traded up $5.45 during midday trading on Thursday, reaching $183.13. The stock had a trading volume of 2,783,296 shares, compared to its average volume of 2,549,405. The stock's 50-day simple moving average is $173.66 and its 200 day simple moving average is $147.42. DoorDash, Inc. has a twelve month low of $99.32 and a twelve month high of $183.48. The stock has a market capitalization of $76.07 billion, a PE ratio of -406.96, a price-to-earnings-growth ratio of 1.88 and a beta of 1.71.

DoorDash (NASDAQ:DASH - Get Free Report) last posted its earnings results on Wednesday, October 30th. The company reported $0.38 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.21 by $0.17. DoorDash had a negative net margin of 1.69% and a negative return on equity of 2.41%. The firm had revenue of $2.71 billion during the quarter, compared to the consensus estimate of $2.66 billion. During the same quarter in the prior year, the company earned ($0.19) EPS. The company's revenue was up 25.0% on a year-over-year basis. Equities analysts predict that DoorDash, Inc. will post 0.27 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research analysts have weighed in on DASH shares. Morgan Stanley upped their target price on shares of DoorDash from $160.00 to $200.00 and gave the stock an "overweight" rating in a research report on Monday, January 13th. JPMorgan Chase & Co. raised their price objective on DoorDash from $137.00 to $155.00 and gave the company a "neutral" rating in a research note on Thursday, October 31st. Cantor Fitzgerald reaffirmed an "overweight" rating and set a $160.00 price objective on shares of DoorDash in a report on Monday, October 7th. Benchmark upped their target price on DoorDash from $152.00 to $173.00 and gave the company a "buy" rating in a report on Thursday, October 17th. Finally, Keefe, Bruyette & Woods raised DoorDash from a "market perform" rating to an "outperform" rating and set a $177.00 price target for the company in a research note on Wednesday, September 25th. Nine equities research analysts have rated the stock with a hold rating and twenty-five have given a buy rating to the company. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $176.97.

About DoorDash

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.