Sanctuary Advisors LLC Acquires 3,498 Shares of DoorDash, Inc. (NASDAQ:DASH)

Sanctuary Advisors LLC increased its holdings in shares of DoorDash, Inc. (NASDAQ:DASH - Free Report) by 48.8% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 10,663 shares of the company's stock after acquiring an additional 3,498 shares during the quarter. Sanctuary Advisors LLC's holdings in DoorDash were worth $1,522,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Asset Management One Co. Ltd. increased its holdings in shares of DoorDash by 10.6% during the third quarter. Asset Management One Co. Ltd. now owns 112,181 shares of the company's stock worth $16,012,000 after purchasing an additional 10,755 shares during the period. Marshall Wace LLP grew its position in 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 buying an additional 610,388 shares in the last quarter. Forsta AP Fonden increased its stake in DoorDash by 18.6% during the 3rd quarter. Forsta AP Fonden now owns 64,500 shares of the company's stock worth $9,206,000 after acquiring an additional 10,100 shares during the period. Baillie Gifford & Co. increased its stake in DoorDash by 13.2% during the 3rd quarter. Baillie Gifford & Co. now owns 14,142,674 shares of the company's stock worth $2,018,584,000 after acquiring an additional 1,645,186 shares during the period. Finally, CWM LLC raised its holdings in DoorDash by 97.1% in the 3rd quarter. CWM LLC now owns 10,705 shares of the company's stock valued at $1,528,000 after acquiring an additional 5,273 shares in the last quarter. Institutional investors and hedge funds own 90.64% of the company's stock.

Insider Buying and Selling

In related news, Director Andy Fang sold 50,000 shares of the company's stock in a transaction that occurred on Thursday, October 10th. The stock was sold at an average price of $143.76, for a total transaction of $7,188,000.00. Following the transaction, the director now directly owns 18,089 shares of the company's stock, valued at approximately $2,600,474.64. This represents a 73.43 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Tony Xu sold 108,332 shares of the firm's stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $178.74, for a total value of $19,363,261.68. Following the completion of the sale, the chief executive officer now directly owns 1,500 shares of the company's stock, valued at $268,110. This trade represents a 98.63 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 951,528 shares of company stock valued at $159,212,079 over the last 90 days. Company insiders own 7.92% of the company's stock.

DoorDash Stock Performance

Shares of NASDAQ DASH traded up $3.35 during midday trading on Friday, reaching $171.00. The stock had a trading volume of 5,887,988 shares, compared to its average volume of 3,730,564. DoorDash, Inc. has a twelve month low of $93.33 and a twelve month high of $181.78. The company's 50 day moving average price is $167.59 and its 200 day moving average price is $137.52. The firm has a market cap of $71.03 billion, a price-to-earnings ratio of -380.00, a price-to-earnings-growth ratio of 13.56 and a beta of 1.70.

DoorDash (NASDAQ:DASH - Get Free Report) last issued its quarterly earnings results on Wednesday, October 30th. The company reported $0.38 EPS for the quarter, beating 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 business had revenue of $2.71 billion for the quarter, compared to analysts' expectations of $2.66 billion. During the same quarter in the prior year, the firm posted ($0.19) earnings per share. The business's quarterly revenue was up 25.0% compared to the same quarter last year. Equities analysts forecast that DoorDash, Inc. will post 0.26 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research firms have recently issued reports on DASH. Oppenheimer increased their target price on DoorDash from $145.00 to $160.00 and gave the stock an "outperform" rating in a report on Friday, September 27th. DA Davidson increased 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. Susquehanna raised their target price on shares of DoorDash from $140.00 to $180.00 and gave the company a "positive" rating in a report on Friday, November 1st. Benchmark upped their price target on shares of DoorDash from $152.00 to $173.00 and gave the stock a "buy" rating in a report on Thursday, October 17th. Finally, Argus raised shares of DoorDash from a "hold" rating to a "buy" rating in a research note on Friday. Nine research analysts have rated the stock with a hold rating and twenty-five have issued a buy rating to the company. According to MarketBeat, DoorDash currently has an average rating of "Moderate Buy" and an average price target of $168.39.

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.