114,000 Shares in DoorDash, Inc. (NASDAQ:DASH) Bought by Long Walk Management LP

Long Walk Management LP bought a new position in DoorDash, Inc. (NASDAQ:DASH - Free Report) in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 114,000 shares of the company's stock, valued at approximately $16,271,000. DoorDash accounts for about 6.7% of Long Walk Management LP's investment portfolio, making the stock its 8th largest holding.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Brighton Jones LLC grew its stake in shares of DoorDash by 0.8% in the 2nd quarter. Brighton Jones LLC now owns 10,317 shares of the company's stock worth $1,122,000 after purchasing an additional 82 shares during the last quarter. Everhart Financial Group Inc. grew its position in DoorDash by 3.1% in the second quarter. Everhart Financial Group Inc. now owns 3,267 shares of the company's stock worth $355,000 after buying an additional 99 shares during the last quarter. E Fund Management Co. Ltd. increased its holdings in shares of DoorDash by 3.5% in the second quarter. E Fund Management Co. Ltd. now owns 3,263 shares of the company's stock valued at $355,000 after buying an additional 111 shares in the last quarter. SJS Investment Consulting Inc. lifted its position in shares of DoorDash by 21.0% during the 2nd quarter. SJS Investment Consulting Inc. now owns 673 shares of the company's stock valued at $73,000 after acquiring an additional 117 shares during the last quarter. Finally, Meeder Advisory Services Inc. boosted its stake in shares of DoorDash by 4.4% during the 1st quarter. Meeder Advisory Services Inc. now owns 3,006 shares of the company's stock worth $414,000 after acquiring an additional 126 shares in the last quarter. 90.64% of the stock is owned by institutional investors.

Insider Activity

In related news, Director Andy Fang sold 50,000 shares of the business's stock in a transaction dated Thursday, September 12th. The stock was sold at an average price of $130.20, for a total transaction of $6,510,000.00. Following the completion of the transaction, the director now owns 18,089 shares of the company's stock, valued at approximately $2,355,187.80. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other DoorDash news, COO Prabir Adarkar sold 32,124 shares of the firm's stock in a transaction on Tuesday, October 15th. The shares were sold at an average price of $147.99, for a total value of $4,754,030.76. Following the sale, the chief operating officer now directly owns 963,094 shares in the company, valued at $142,528,281.06. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Andy Fang sold 50,000 shares of the business's stock in a transaction dated Thursday, September 12th. The stock was sold at an average price of $130.20, for a total transaction of $6,510,000.00. Following the transaction, the director now owns 18,089 shares in the company, valued at approximately $2,355,187.80. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 324,539 shares of company stock valued at $46,439,330. 7.92% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

DASH has been the topic of a number of recent analyst reports. Needham & Company LLC boosted their target price on DoorDash from $145.00 to $180.00 and gave the stock a "buy" rating in a research report on Thursday, October 31st. Royal Bank of Canada boosted their price objective on DoorDash from $165.00 to $175.00 and gave the stock an "outperform" rating in a report on Thursday, October 31st. Truist Financial raised their target price on shares of DoorDash from $170.00 to $180.00 and gave the stock a "buy" rating in a report on Thursday, October 31st. JMP Securities boosted their price target on shares of DoorDash from $160.00 to $190.00 and gave the company a "market outperform" rating in a report on Thursday, October 31st. Finally, DA Davidson raised their price objective on shares of DoorDash from $119.00 to $150.00 and gave the stock a "neutral" rating in a research note on Thursday, October 31st. Ten analysts have rated the stock with a hold rating and twenty-four have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $163.12.

DoorDash Stock Up 0.5 %

DASH stock traded up $0.81 during midday trading on Friday, hitting $171.40. 2,320,838 shares of the company traded hands, compared to its average volume of 3,429,784. DoorDash, Inc. has a twelve month low of $83.58 and a twelve month high of $172.18. The stock has a market capitalization of $71.20 billion, a price-to-earnings ratio of -380.89, a price-to-earnings-growth ratio of 14.27 and a beta of 1.67. The business has a 50 day simple moving average of $144.18 and a 200-day simple moving average of $125.42.

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, beating analysts' consensus estimates of $0.21 by $0.17. The business 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%. DoorDash's revenue was up 25.0% compared to the same quarter last year. During the same period last year, the business posted ($0.19) EPS. Equities research analysts forecast that DoorDash, Inc. will post 0.24 EPS for the current year.

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.