Apollon Wealth Management LLC Boosts Holdings in DoorDash, Inc. $DASH

Apollon Wealth Management LLC grew its position in DoorDash, Inc. (NASDAQ:DASH) by 46.2% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 8,409 shares of the company’s stock after purchasing an additional 2,656 shares during the quarter. Apollon Wealth Management LLC’s holdings in DoorDash were worth $2,287,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in DASH. Greenland Capital Management LP increased its position in DoorDash by 637.5% during the 2nd quarter. Greenland Capital Management LP now owns 23,572 shares of the company’s stock valued at $5,811,000 after buying an additional 20,376 shares in the last quarter. Geode Capital Management LLC grew its stake in shares of DoorDash by 2.9% during the second quarter. Geode Capital Management LLC now owns 7,951,230 shares of the company’s stock worth $1,950,711,000 after acquiring an additional 223,188 shares during the last quarter. Ascent Group LLC acquired a new position in shares of DoorDash during the first quarter valued at about $317,000. Williamson Legacy Group LLC purchased a new position in shares of DoorDash in the 2nd quarter valued at approximately $1,264,000. Finally, Brighton Jones LLC raised its position in shares of DoorDash by 24.0% in the 4th quarter. Brighton Jones LLC now owns 9,336 shares of the company’s stock valued at $1,566,000 after purchasing an additional 1,807 shares during the last quarter. 90.64% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, COO Prabir Adarkar sold 30,000 shares of the business’s stock in a transaction on Monday, December 22nd. The shares were sold at an average price of $234.57, for a total value of $7,037,100.00. Following the completion of the sale, the chief operating officer owned 874,130 shares of the company’s stock, valued at approximately $205,044,674.10. The trade was a 3.32% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Alfred Lin acquired 389,047 shares of DoorDash stock in a transaction on Tuesday, November 25th. The shares were bought at an average price of $193.81 per share, with a total value of $75,401,199.07. Following the completion of the transaction, the director directly owned 389,047 shares of the company’s stock, valued at $75,401,199.07. This trade represents a ∞ increase in their position. The disclosure for this purchase is available in the SEC filing. Over the last ninety days, insiders have sold 552,071 shares of company stock worth $116,812,955. Insiders own 5.83% of the company’s stock.

DoorDash Trading Down 1.2%

DASH stock opened at $228.13 on Wednesday. DoorDash, Inc. has a 52-week low of $155.40 and a 52-week high of $285.50. 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 $98.32 billion, a P/E ratio of 115.80 and a beta of 1.72. The company’s 50-day simple moving average is $223.01 and its 200-day simple moving average is $241.42.

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

Analyst Upgrades and Downgrades

Several analysts have weighed in on DASH shares. Mizuho dropped their target price on shares of DoorDash from $350.00 to $320.00 and set an “outperform” rating on the stock in a research report on Wednesday, November 12th. Wells Fargo & Company cut their target price on DoorDash from $301.00 to $239.00 and set an “equal weight” rating on the stock in a research report on Thursday, November 6th. Zacks Research cut DoorDash from a “strong-buy” rating to a “hold” rating in a research report on Monday, November 10th. Needham & Company LLC dropped their price target on DoorDash from $300.00 to $275.00 and set a “buy” rating on the stock in a research note on Friday, November 14th. Finally, Jefferies Financial Group raised their price objective on DoorDash from $260.00 to $270.00 and gave the stock a “buy” rating in a research note on Thursday, December 11th. One research analyst has rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating and ten have issued a Hold rating to the company. Based on data from MarketBeat.com, DoorDash presently has a consensus rating of “Moderate Buy” and an average target price of $275.74.

DoorDash Company Profile

DoorDash, Inc operates a technology-driven logistics and food-delivery marketplace that connects consumers, merchants and independent delivery contractors. The company’s core service enables customers to order from local restaurants and retailers through its app and website while DoorDash handles last-mile fulfillment via its network of drivers, known as “Dashers.” Over time the platform has broadened beyond restaurant deliveries to include groceries, convenience items and retail deliveries, positioning DoorDash as a broader on-demand logistics provider for consumer goods.

In addition to its marketplace, DoorDash offers a suite of products and services for consumers and businesses.