DoorDash, Inc. $DASH Shares Sold by Pallas Capital Advisors LLC

Pallas Capital Advisors LLC lessened its holdings in shares of DoorDash, Inc. (NASDAQ:DASH) by 58.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 6,883 shares of the company’s stock after selling 9,642 shares during the quarter. Pallas Capital Advisors LLC’s holdings in DoorDash were worth $1,559,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of DASH. Physician Wealth Advisors Inc. raised its position in shares of DoorDash by 284.0% in the third quarter. Physician Wealth Advisors Inc. now owns 96 shares of the company’s stock valued at $26,000 after buying an additional 71 shares during the last quarter. Sunbelt Securities Inc. boosted its position in DoorDash by 124.1% during the third quarter. Sunbelt Securities Inc. now owns 121 shares of the company’s stock worth $33,000 after acquiring an additional 67 shares during the last quarter. Morse Asset Management Inc purchased a new stake in DoorDash during the 3rd quarter valued at about $36,000. Sound Income Strategies LLC grew its stake in DoorDash by 2,760.0% during the 3rd quarter. Sound Income Strategies LLC now owns 143 shares of the company’s stock valued at $39,000 after acquiring an additional 138 shares in the last quarter. Finally, Rossby Financial LCC raised its holdings in DoorDash by 127.8% in the 3rd quarter. Rossby Financial LCC now owns 164 shares of the company’s stock valued at $44,000 after acquiring an additional 92 shares during the last quarter. Hedge funds and other institutional investors own 90.64% of the company’s stock.

Insider Activity at DoorDash

In related news, Director Shona L. Brown sold 1,250 shares of the firm’s stock in a transaction dated Monday, March 9th. The stock was sold at an average price of $176.61, for a total transaction of $220,762.50. Following the completion of the sale, the director directly owned 31,002 shares of the company’s stock, valued at approximately $5,475,263.22. This trade represents a 3.88% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Stanley Tang sold 45,410 shares of the business’s stock in a transaction dated Monday, February 2nd. The shares were sold at an average price of $209.01, for a total transaction of $9,491,144.10. The SEC filing for this sale provides additional information. Insiders have sold 167,317 shares of company stock valued at $35,720,931 over the last 90 days. Corporate insiders own 5.83% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have weighed in on DASH shares. Mizuho decreased their target price on shares of DoorDash from $320.00 to $255.00 and set an “outperform” rating on the stock in a research note on Tuesday, March 3rd. Morgan Stanley reaffirmed an “overweight” rating and issued a $275.00 price target on shares of DoorDash in a report on Thursday, February 19th. Wells Fargo & Company reduced their price objective on DoorDash from $251.00 to $221.00 and set an “equal weight” rating on the stock in a research report on Thursday, February 19th. Roth Mkm reissued a “neutral” rating and set a $200.00 price objective on shares of DoorDash in a research note on Thursday, February 19th. Finally, Argus dropped their target price on DoorDash from $275.00 to $260.00 and set a “buy” rating for the company in a report on Friday, December 12th. One analyst has rated the stock with a Strong Buy rating, twenty-five have assigned a Buy rating and nine have given a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $263.82.

DoorDash Stock Performance

DoorDash stock opened at $146.60 on Monday. The firm has a 50 day simple moving average of $178.64 and a 200-day simple moving average of $216.17. The stock has a market cap of $63.69 billion, a price-to-earnings ratio of 69.15 and a beta of 1.82. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.41 and a quick ratio of 1.41. DoorDash, Inc. has a 1-year low of $143.30 and a 1-year high of $285.50.

DoorDash (NASDAQ:DASH) last released its quarterly earnings data on Wednesday, February 18th. The company reported $0.48 EPS for the quarter, missing analysts’ consensus estimates of $0.58 by ($0.10). The business had revenue of $3.96 billion during the quarter, compared to analyst estimates of $3.98 billion. DoorDash had a net margin of 6.82% and a return on equity of 10.15%. The company’s revenue was up 37.7% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.33 earnings per share. On average, analysts expect that DoorDash, Inc. will post 2.22 EPS for the current year.

DoorDash 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.