DoorDash, Inc. (NASDAQ:DASH) Shares Purchased by Algert Global LLC

Algert Global LLC raised its position in DoorDash, Inc. (NASDAQ:DASH) by 1,017.4% during the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 34,674 shares of the company’s stock after purchasing an additional 31,571 shares during the period. Algert Global LLC’s holdings in DoorDash were worth $4,949,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Lazard Asset Management LLC grew its holdings in DoorDash by 18,975.0% during the 1st quarter. Lazard Asset Management LLC now owns 2,289 shares of the company’s stock valued at $314,000 after buying an additional 2,277 shares during the last quarter. California State Teachers Retirement System grew its holdings in shares of DoorDash by 1.6% during the first quarter. California State Teachers Retirement System now owns 427,904 shares of the company’s stock worth $58,931,000 after buying an additional 6,802 shares in the last quarter. Motley Fool Asset Management LLC raised its position in shares of DoorDash by 11.6% in the first quarter. Motley Fool Asset Management LLC now owns 11,923 shares of the company’s stock valued at $1,642,000 after buying an additional 1,243 shares during the last quarter. Tidal Investments LLC lifted its stake in shares of DoorDash by 658.5% during the first quarter. Tidal Investments LLC now owns 35,045 shares of the company’s stock valued at $4,826,000 after buying an additional 30,425 shares during the period. Finally, Comerica Bank boosted its position in DoorDash by 8.9% during the first quarter. Comerica Bank now owns 20,159 shares of the company’s stock worth $2,776,000 after acquiring an additional 1,650 shares during the last quarter. Hedge funds and other institutional investors own 90.64% of the company’s stock.

Insider Transactions at DoorDash

In related news, insider Keith Yandell sold 7,980 shares of the business’s stock in a transaction on Wednesday, November 20th. The shares were sold at an average price of $169.98, for a total transaction of $1,356,440.40. Following the transaction, the insider now directly owns 124,221 shares in the company, valued at approximately $21,115,085.58. The trade was a 6.04 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Stanley Tang sold 1,855 shares of the stock in a transaction on Wednesday, November 20th. The shares were sold at an average price of $169.98, for a total transaction of $315,312.90. Following the completion of the sale, the director now owns 35,413 shares of the company’s stock, valued at approximately $6,019,501.74. This represents a 4.98 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 547,753 shares of company stock valued at $84,544,996 over the last 90 days. 7.92% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several research analysts have weighed in on DASH shares. Piper Sandler boosted their price target on DoorDash from $125.00 to $160.00 and gave the company a “neutral” rating in a report on Thursday, October 31st. DA Davidson upped their target price on DoorDash from $119.00 to $150.00 and gave the company a “neutral” rating in a research note on Thursday, October 31st. Susquehanna raised their target price on shares of DoorDash from $140.00 to $180.00 and gave the stock a “positive” rating in a research report on Friday, November 1st. Raymond James started coverage on shares of DoorDash in a research note on Tuesday, September 24th. They set an “outperform” rating and a $155.00 price target on the stock. Finally, JPMorgan Chase & Co. boosted their price objective on shares of DoorDash from $137.00 to $155.00 and gave the company a “neutral” rating in a research note on Thursday, October 31st. Ten investment analysts have rated the stock with a hold rating and twenty-four have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $164.03.

DoorDash Trading Up 2.4 %

DASH stock opened at $177.24 on Monday. The stock has a 50-day moving average price of $153.61 and a two-hundred day moving average price of $129.08. DoorDash, Inc. has a 1 year low of $92.56 and a 1 year high of $178.16. The stock has a market cap of $73.62 billion, a PE ratio of -393.87, a price-to-earnings-growth ratio of 13.31 and a beta of 1.67.

DoorDash (NASDAQ:DASH) last announced its earnings results on Wednesday, October 30th. The company reported $0.38 earnings per share (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 business had revenue of $2.71 billion for the quarter, compared to analyst estimates of $2.66 billion. During the same quarter last year, the firm earned ($0.19) EPS. DoorDash’s revenue for the quarter was up 25.0% compared to the same quarter last year. On average, analysts forecast that DoorDash, Inc. will post 0.26 earnings per share for the current fiscal year.

About DoorDash

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.