Flagship Harbor Advisors LLC Takes $240,000 Position in DoorDash, Inc. (NASDAQ:DASH)

Flagship Harbor Advisors LLC purchased a new stake in DoorDash, Inc. (NASDAQ:DASH - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 1,430 shares of the company's stock, valued at approximately $240,000.

A number of other hedge funds have also made changes to their positions in DASH. Rakuten Securities Inc. increased its holdings in DoorDash by 302.3% in the 3rd quarter. Rakuten Securities Inc. now owns 173 shares of the company's stock valued at $25,000 after buying an additional 130 shares during the period. ORG Wealth Partners LLC acquired a new position in DoorDash in the fourth quarter worth about $36,000. MassMutual Private Wealth & Trust FSB lifted its stake in DoorDash by 34.0% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 272 shares of the company's stock worth $46,000 after purchasing an additional 69 shares during the period. Hollencrest Capital Management acquired a new stake in DoorDash during the third quarter valued at approximately $54,000. Finally, Quarry LP acquired a new position in shares of DoorDash in the 2nd quarter worth approximately $60,000. Institutional investors and hedge funds own 90.64% of the company's stock.

DoorDash Stock Performance

DASH stock traded up $2.03 during trading on Thursday, reaching $187.81. 894,257 shares of the company traded hands, compared to its average volume of 2,483,789. The company has a market capitalization of $78.01 billion, a price-to-earnings ratio of -416.44, a price-to-earnings-growth ratio of 1.85 and a beta of 1.71. The business has a 50 day simple moving average of $174.76 and a 200 day simple moving average of $150.11. DoorDash, Inc. has a 12 month low of $99.32 and a 12 month high of $189.23.

DoorDash (NASDAQ:DASH - Get Free Report) last issued its quarterly earnings data on Wednesday, October 30th. The company reported $0.38 EPS for the quarter, beating the consensus estimate of $0.21 by $0.17. DoorDash had a negative return on equity of 2.41% and a negative net margin of 1.69%. The company had revenue of $2.71 billion for the quarter, compared to analyst estimates of $2.66 billion. During the same period last year, the company earned ($0.19) earnings per share. DoorDash's quarterly revenue was up 25.0% compared to the same quarter last year. As a group, research analysts forecast that DoorDash, Inc. will post 0.29 EPS for the current year.

Insider Activity

In other DoorDash news, Director Andy Fang sold 50,000 shares of the stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $172.67, for a total value of $8,633,500.00. Following the completion of the transaction, the director now directly owns 18,089 shares of the company's stock, valued at approximately $3,123,427.63. This trade represents a 73.43 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Tony Xu sold 108,332 shares of DoorDash stock in a transaction on Friday, November 15th. The stock was 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 directly owns 1,500 shares of the company's stock, valued at $255,375. This trade represents a 98.63 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 1,040,758 shares of company stock valued at $181,434,201. 7.92% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on DASH. BMO Capital Markets lifted their price objective on DoorDash from $140.00 to $180.00 and gave the company an "outperform" rating in a report on Thursday, October 31st. Evercore ISI lifted their price target on DoorDash from $155.00 to $200.00 and gave the company an "outperform" rating in a report on Thursday, October 31st. JMP Securities reissued a "market outperform" rating and set a $200.00 price objective on shares of DoorDash in a report on Thursday, January 2nd. Royal Bank of Canada upped their target price on shares of DoorDash from $175.00 to $215.00 and gave the stock an "outperform" rating in a research report on Friday, December 6th. Finally, UBS Group boosted their target price on DoorDash from $143.00 to $160.00 and gave the stock a "neutral" rating in a research report on Friday, October 18th. Nine research analysts have rated the stock with a hold rating and twenty-five have issued a buy rating to the stock. According to MarketBeat.com, DoorDash presently has a consensus rating of "Moderate Buy" and a consensus target price of $178.18.

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.