SG Americas Securities LLC Grows Position in DoorDash, Inc. (NASDAQ:DASH)

SG Americas Securities LLC grew its holdings in DoorDash, Inc. (NASDAQ:DASH - Free Report) by 128.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 50,222 shares of the company's stock after purchasing an additional 28,218 shares during the quarter. SG Americas Securities LLC's holdings in DoorDash were worth $8,425,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Asset Management One Co. Ltd. raised its position in shares of DoorDash by 10.6% during the 3rd quarter. Asset Management One Co. Ltd. now owns 112,181 shares of the company's stock valued at $16,012,000 after buying an additional 10,755 shares during the period. Forsta AP Fonden raised its position in shares of DoorDash by 18.6% during the 3rd quarter. Forsta AP Fonden now owns 64,500 shares of the company's stock valued at $9,206,000 after buying an additional 10,100 shares during the period. Sanctuary Advisors LLC raised its position in shares of DoorDash by 48.8% during the 3rd quarter. Sanctuary Advisors LLC now owns 10,663 shares of the company's stock valued at $1,522,000 after buying an additional 3,498 shares during the period. Baillie Gifford & Co. raised its position in shares of DoorDash by 13.2% during the 3rd quarter. Baillie Gifford & Co. now owns 14,142,674 shares of the company's stock valued at $2,018,584,000 after buying an additional 1,645,186 shares during the period. Finally, CWM LLC raised its position in shares of DoorDash by 97.1% during the 3rd quarter. CWM LLC now owns 10,705 shares of the company's stock valued at $1,528,000 after buying an additional 5,273 shares during the period. Hedge funds and other institutional investors own 90.64% of the company's stock.

Insider Activity

In other news, CEO Tony Xu sold 115,432 shares of the stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $177.01, for a total value of $20,432,618.32. Following the completion of the sale, the chief executive officer now directly owns 1,500 shares of the company's stock, valued at approximately $265,515. This represents a 98.72 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Stanley Tang sold 1,855 shares of the company's stock in a transaction that occurred on Wednesday, November 20th. The stock was sold at an average price of $169.98, for a total value of $315,312.90. Following the sale, the director now owns 35,413 shares of the company's stock, valued at $6,019,501.74. This trade represents a 4.98 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 1,019,333 shares of company stock valued at $177,556,541. 7.92% of the stock is currently owned by company insiders.

DoorDash Stock Performance

Shares of DASH stock traded down $0.55 during mid-day trading on Friday, hitting $182.58. 2,059,024 shares of the stock were exchanged, compared to its average volume of 2,513,089. The stock has a market capitalization of $75.85 billion, a price-to-earnings ratio of -405.86, a P/E/G ratio of 1.85 and a beta of 1.71. DoorDash, Inc. has a 12-month low of $99.32 and a 12-month high of $184.26. The stock's fifty day simple moving average is $173.85 and its two-hundred day simple moving average is $147.67.

DoorDash (NASDAQ:DASH - Get Free Report) last issued its quarterly earnings data on Wednesday, October 30th. The company reported $0.38 earnings per share for the quarter, beating analysts' consensus estimates of $0.21 by $0.17. The company had revenue of $2.71 billion during the quarter, compared to analysts' expectations of $2.66 billion. DoorDash had a negative return on equity of 2.41% and a negative net margin of 1.69%. The firm's revenue for the quarter was up 25.0% on a year-over-year basis. During the same quarter in the previous year, the business earned ($0.19) earnings per share. On average, research analysts expect that DoorDash, Inc. will post 0.29 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several analysts have recently commented on the stock. Needham & Company LLC lifted their price target on shares of DoorDash from $145.00 to $180.00 and gave the company a "buy" rating in a research report on Thursday, October 31st. Mizuho boosted their target price on DoorDash from $162.00 to $173.00 and gave the company an "outperform" rating in a research report on Thursday, October 24th. Piper Sandler boosted their target price on DoorDash from $125.00 to $160.00 and gave the company a "neutral" rating in a research report on Thursday, October 31st. Argus raised DoorDash from a "hold" rating to a "buy" rating in a research report on Friday, December 20th. Finally, JPMorgan Chase & Co. boosted their target price on DoorDash from $137.00 to $155.00 and gave the company a "neutral" rating in a research report on Thursday, October 31st. Nine research analysts have rated the stock with a hold rating and twenty-five have given a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $176.97.

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.