Quest Partners LLC Boosts Holdings in DoorDash, Inc. (NASDAQ:DASH)

Quest Partners LLC lifted its stake in shares of DoorDash, Inc. (NASDAQ:DASH - Free Report) by 1,456.3% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 5,338 shares of the company's stock after acquiring an additional 4,995 shares during the period. Quest Partners LLC's holdings in DoorDash were worth $762,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the stock. Brighton Jones LLC lifted its position in shares of DoorDash by 0.8% during the 2nd quarter. Brighton Jones LLC now owns 10,317 shares of the company's stock valued at $1,122,000 after acquiring an additional 82 shares during the period. Everhart Financial Group Inc. raised its holdings in DoorDash by 3.1% during 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. raised its holdings in DoorDash by 3.5% during the second quarter. E Fund Management Co. Ltd. now owns 3,263 shares of the company's stock worth $355,000 after buying an additional 111 shares during the last quarter. SJS Investment Consulting Inc. raised its holdings in DoorDash by 21.0% during the second quarter. SJS Investment Consulting Inc. now owns 673 shares of the company's stock worth $73,000 after buying an additional 117 shares during the last quarter. Finally, Venturi Wealth Management LLC raised its holdings in DoorDash by 39.0% during the third quarter. Venturi Wealth Management LLC now owns 424 shares of the company's stock worth $61,000 after buying an additional 119 shares during the last quarter. Institutional investors and hedge funds own 90.64% of the company's stock.

Insider Activity at DoorDash

In other news, CEO Tony Xu sold 54,166 shares of the business's stock in a transaction on Monday, September 23rd. The shares were sold at an average price of $140.06, for a total transaction of $7,586,489.96. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CFO Ravi Inukonda sold 7,000 shares of the business's stock in a transaction on Friday, August 30th. The shares were sold at an average price of $127.86, for a total transaction of $895,020.00. Following the sale, the chief financial officer now owns 396,152 shares in the company, valued at approximately $50,651,994.72. This trade represents a 1.74 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 547,753 shares of company stock worth $84,544,996 over the last quarter. Corporate insiders own 7.92% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on DASH shares. Raymond James started coverage on shares of DoorDash in a report on Tuesday, September 24th. They set an "outperform" rating and a $155.00 price objective on the stock. Susquehanna upped their price objective on shares of DoorDash from $140.00 to $180.00 and gave the stock a "positive" rating in a report on Friday, November 1st. Wells Fargo & Company upped their price objective on shares of DoorDash from $127.00 to $142.00 and gave the stock an "equal weight" rating in a report on Friday, October 4th. Royal Bank of Canada increased their target price on shares of DoorDash from $165.00 to $175.00 and gave the company an "outperform" rating in a report on Thursday, October 31st. Finally, Benchmark increased their target price on shares of DoorDash from $152.00 to $173.00 and gave the company a "buy" rating in a report on Thursday, October 17th. Ten research analysts have rated the stock with a hold rating and twenty-four have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $164.03.

DoorDash Stock Up 2.4 %

Shares of DoorDash stock traded up $4.07 on Friday, hitting $177.24. The stock had a trading volume of 3,507,009 shares, compared to its average volume of 3,801,899. DoorDash, Inc. has a one year low of $92.56 and a one year high of $178.16. The stock has a market cap of $73.63 billion, a price-to-earnings ratio of -393.87, a PEG ratio of 14.82 and a beta of 1.67. The stock's 50-day simple moving average is $153.61 and its two-hundred day simple moving average is $128.87.

DoorDash (NASDAQ:DASH - Get Free Report) last issued its earnings results on Wednesday, October 30th. The company reported $0.38 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.21 by $0.17. The firm had revenue of $2.71 billion for the quarter, compared to analysts' expectations of $2.66 billion. DoorDash had a negative net margin of 1.69% and a negative return on equity of 2.41%. The business's revenue was up 25.0% on a year-over-year basis. During the same quarter last year, the business earned ($0.19) earnings per share. As a group, equities analysts predict that DoorDash, Inc. will post 0.24 EPS for the current fiscal year.

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.