Advisory Services Network LLC Grows Position in DoorDash, Inc. $DASH

Advisory Services Network LLC lifted its position in shares of DoorDash, Inc. (NASDAQ:DASH) by 132.0% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 17,037 shares of the company’s stock after purchasing an additional 9,692 shares during the quarter. Advisory Services Network LLC’s holdings in DoorDash were worth $4,264,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Brighton Jones LLC increased its holdings in DoorDash by 24.0% in the fourth quarter. Brighton Jones LLC now owns 9,336 shares of the company’s stock valued at $1,566,000 after buying an additional 1,807 shares in the last quarter. HighTower Advisors LLC grew its position in shares of DoorDash by 40.7% during the 1st quarter. HighTower Advisors LLC now owns 27,971 shares of the company’s stock valued at $5,112,000 after acquiring an additional 8,086 shares during the period. Vestmark Advisory Solutions Inc. increased its stake in shares of DoorDash by 90.1% in the 1st quarter. Vestmark Advisory Solutions Inc. now owns 4,438 shares of the company’s stock valued at $811,000 after purchasing an additional 2,103 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in DoorDash by 11.9% in the 1st quarter. Dimensional Fund Advisors LP now owns 822,185 shares of the company’s stock worth $150,270,000 after purchasing an additional 87,272 shares during the period. Finally, Northwest & Ethical Investments L.P. raised its holdings in DoorDash by 173.6% in the 1st quarter. Northwest & Ethical Investments L.P. now owns 7,933 shares of the company’s stock worth $1,448,000 after purchasing an additional 5,033 shares during the period. 90.64% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at DoorDash

In other news, COO Prabir Adarkar sold 24,489 shares of DoorDash stock in a transaction that occurred on Monday, November 24th. The shares were sold at an average price of $187.36, for a total transaction of $4,588,259.04. Following the sale, the chief operating officer owned 874,130 shares of the company’s stock, valued at approximately $163,776,996.80. The trade was a 2.73% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Andy Fang sold 25,000 shares of the stock in a transaction that occurred on Monday, December 1st. The stock was sold at an average price of $204.95, for a total value of $5,123,750.00. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 644,980 shares of company stock worth $143,500,178. Insiders own 5.83% of the company’s stock.

DoorDash Stock Down 0.2%

NASDAQ DASH opened at $226.98 on Tuesday. The business’s fifty day simple moving average is $231.68 and its 200-day simple moving average is $240.25. The company has a quick ratio of 2.04, a current ratio of 2.04 and a debt-to-equity ratio of 0.29. The firm has a market cap of $97.83 billion, a PE ratio of 115.22 and a beta of 1.72. DoorDash, Inc. has a 52 week low of $155.40 and a 52 week high of $285.50.

DoorDash (NASDAQ:DASH) last released its quarterly earnings data on Wednesday, November 5th. The company reported $0.55 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.68 by ($0.13). The firm had revenue of $3.45 billion for the quarter, compared to analyst estimates of $3.35 billion. DoorDash had a return on equity of 9.97% and a net margin of 6.83%.DoorDash’s revenue for the quarter was up 27.3% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.38 earnings per share. As a group, equities analysts anticipate that DoorDash, Inc. will post 2.22 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the stock. Needham & Company LLC cut their price target on shares of DoorDash from $300.00 to $275.00 and set a “buy” rating for the company in a report on Friday, November 14th. Argus dropped their target price on shares of DoorDash from $275.00 to $260.00 and set a “buy” rating on the stock in a research report on Friday. Mizuho reduced their price target on shares of DoorDash from $350.00 to $320.00 and set an “outperform” rating for the company in a research report on Wednesday, November 12th. Barclays decreased their price target on shares of DoorDash from $272.00 to $238.00 and set an “equal weight” rating on the stock in a research note on Thursday, November 6th. Finally, Jefferies Financial Group boosted their price objective on DoorDash from $260.00 to $270.00 and gave the stock a “buy” rating in a research note on Thursday. One research analyst has rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating and ten have given a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $275.46.

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.