Hennion & Walsh Asset Management Inc. Has $3.84 Million Position in DoorDash, Inc. (NASDAQ:DASH)

Hennion & Walsh Asset Management Inc. raised its position in shares of DoorDash, Inc. (NASDAQ:DASH - Free Report) by 11.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 22,910 shares of the company's stock after buying an additional 2,294 shares during the period. Hennion & Walsh Asset Management Inc.'s holdings in DoorDash were worth $3,843,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of the company. Asset Management One Co. Ltd. grew its holdings in DoorDash by 10.6% during the 3rd quarter. Asset Management One Co. Ltd. now owns 112,181 shares of the company's stock worth $16,012,000 after acquiring an additional 10,755 shares during the last quarter. Marshall Wace LLP lifted its position in shares of DoorDash by 930.5% during the second quarter. Marshall Wace LLP now owns 675,988 shares of the company's stock worth $73,534,000 after purchasing an additional 610,388 shares in the last quarter. Forsta AP Fonden grew its stake in shares of DoorDash by 18.6% during the third quarter. Forsta AP Fonden now owns 64,500 shares of the company's stock valued at $9,206,000 after purchasing an additional 10,100 shares during the last quarter. Sanctuary Advisors LLC increased its holdings in shares of DoorDash by 48.8% in the third quarter. Sanctuary Advisors LLC now owns 10,663 shares of the company's stock valued at $1,522,000 after purchasing an additional 3,498 shares in the last quarter. Finally, Baillie Gifford & Co. increased its holdings in shares of DoorDash by 13.2% in the third quarter. Baillie Gifford & Co. now owns 14,142,674 shares of the company's stock valued at $2,018,584,000 after purchasing an additional 1,645,186 shares in the last quarter. Institutional investors own 90.64% of the company's stock.

DoorDash Price Performance

DASH stock traded up $3.63 during midday trading on Friday, hitting $174.48. The company's stock had a trading volume of 3,653,691 shares, compared to its average volume of 2,501,017. The company's fifty day moving average price is $173.54 and its 200 day moving average price is $145.27. DoorDash, Inc. has a twelve month low of $99.32 and a twelve month high of $181.78. The stock has a market capitalization of $72.48 billion, a P/E ratio of -387.73, a PEG ratio of 1.77 and a beta of 1.71.

DoorDash (NASDAQ:DASH - Get Free Report) last released its earnings results on Wednesday, October 30th. The company reported $0.38 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 business had revenue of $2.71 billion for the quarter, compared to the consensus estimate of $2.66 billion. During the same quarter in the previous year, the business earned ($0.19) earnings per share. DoorDash's quarterly revenue was up 25.0% on a year-over-year basis. Equities analysts expect that DoorDash, Inc. will post 0.26 EPS for the current fiscal year.

Insider Transactions at DoorDash

In other news, Director Stanley Tang sold 1,855 shares of the business's stock in a transaction dated Wednesday, November 20th. The shares were sold at an average price of $169.98, for a total transaction of $315,312.90. Following the transaction, the director now directly owns 35,413 shares in the company, valued at $6,019,501.74. The trade was a 4.98 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Tony Xu sold 108,332 shares of the firm's stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $170.25, for a total transaction of $18,443,523.00. Following the completion of the sale, the chief executive officer now owns 1,500 shares of the company's stock, valued at $255,375. This trade represents a 98.63 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 1,019,333 shares of company stock worth $177,556,541 in the last 90 days. Corporate insiders own 7.92% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have commented on DASH shares. Morgan Stanley increased their price objective on DoorDash from $160.00 to $200.00 and gave the company an "overweight" rating in a research report on Monday. Bank of America lifted their price objective on DoorDash from $168.00 to $172.00 and gave the stock a "buy" rating in a research report on Thursday, October 31st. Oppenheimer upped their target price on shares of DoorDash from $145.00 to $160.00 and gave the company an "outperform" rating in a research report on Friday, September 27th. The Goldman Sachs Group lifted their price target on shares of DoorDash from $161.00 to $192.00 and gave the stock a "neutral" rating in a research report on Thursday. Finally, Needham & Company LLC increased their price objective on shares of DoorDash from $145.00 to $180.00 and gave the company a "buy" rating in a report on Thursday, October 31st. Nine equities research analysts have rated the stock with a hold rating and twenty-five have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $175.97.

DoorDash 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.