International Assets Investment Management LLC Buys Shares of 12,418 DoorDash, Inc. (NASDAQ:DASH)

International Assets Investment Management LLC purchased a new position in shares of DoorDash, Inc. (NASDAQ:DASH) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 12,418 shares of the company’s stock, valued at approximately $1,772,000.

A number of other hedge funds have also recently modified their holdings of DASH. Meeder Asset Management Inc. lifted its position in DoorDash by 82.0% during the second quarter. Meeder Asset Management Inc. now owns 293 shares of the company’s stock valued at $32,000 after purchasing an additional 132 shares in the last quarter. Headlands Technologies LLC purchased a new position in shares of DoorDash during the 2nd quarter valued at about $32,000. Versant Capital Management Inc grew its stake in shares of DoorDash by 340.8% during the 2nd quarter. Versant Capital Management Inc now owns 335 shares of the company’s stock valued at $36,000 after acquiring an additional 259 shares during the period. ORG Partners LLC increased its holdings in DoorDash by 2,108.3% in the 1st quarter. ORG Partners LLC now owns 265 shares of the company’s stock worth $37,000 after acquiring an additional 253 shares in the last quarter. Finally, Quest Partners LLC increased its holdings in DoorDash by 146.8% in the 2nd quarter. Quest Partners LLC now owns 343 shares of the company’s stock worth $37,000 after acquiring an additional 204 shares in the last quarter. Institutional investors own 90.64% of the company’s stock.

Analysts Set New Price Targets

DASH has been the subject of a number of recent analyst reports. Roth Mkm upped their price target on shares of DoorDash from $118.00 to $124.00 and gave the stock a “neutral” rating in a research report on Monday, August 5th. Keefe, Bruyette & Woods upgraded DoorDash from a “market perform” rating to an “outperform” rating and set a $177.00 price target for the company in a research note on Wednesday, September 25th. JMP Securities boosted their price objective on DoorDash from $160.00 to $190.00 and gave the company a “market outperform” rating in a research report on Thursday. Jefferies Financial Group increased their target price on DoorDash from $155.00 to $180.00 and gave the stock a “buy” rating in a research report on Tuesday, October 22nd. Finally, Cantor Fitzgerald restated an “overweight” rating and issued a $160.00 price target on shares of DoorDash in a research note on Monday, October 7th. Ten analysts have rated the stock with a hold rating and twenty-four have issued a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $163.12.

DoorDash Trading Down 0.7 %

Shares of NASDAQ:DASH opened at $155.66 on Monday. The company has a market capitalization of $64.06 billion, a price-to-earnings ratio of -345.91, a PEG ratio of 359.82 and a beta of 1.67. DoorDash, Inc. has a 12 month low of $83.58 and a 12 month high of $165.07. The firm’s 50-day moving average is $140.40 and its 200 day moving average is $124.15.

DoorDash (NASDAQ:DASH) last released its 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 return on equity of 2.41% and a negative net margin of 1.69%. The firm 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 company’s quarterly revenue was up 25.0% on a year-over-year basis. As a group, equities analysts forecast that DoorDash, Inc. will post 0.01 EPS for the current fiscal year.

Insider Buying and Selling at DoorDash

In other news, CEO Tony Xu sold 54,166 shares of DoorDash stock in a transaction on Tuesday, August 6th. The stock was sold at an average price of $123.43, for a total transaction of $6,685,709.38. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, CEO Tony Xu sold 54,166 shares of DoorDash stock in a transaction that occurred on Tuesday, August 6th. The shares were sold at an average price of $123.43, for a total transaction of $6,685,709.38. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Ravi Inukonda sold 7,000 shares of the business’s stock in a transaction that occurred on Friday, August 30th. The shares were sold at an average price of $127.86, for a total value of $895,020.00. Following the completion of the sale, the chief financial officer now owns 396,152 shares of the company’s stock, valued at $50,651,994.72. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 378,705 shares of company stock valued at $53,125,040 in the last quarter. 7.92% of the stock is owned by insiders.

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.