Coldstream Capital Management Inc. Buys Shares of 1,575 DoorDash, Inc. (NASDAQ:DASH)

Coldstream Capital Management Inc. bought a new stake in shares of DoorDash, Inc. (NASDAQ:DASH) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 1,575 shares of the company’s stock, valued at approximately $239,000.

A number of other hedge funds have also recently made changes to their positions in DASH. Baillie Gifford & Co. raised its stake in DoorDash by 13.2% during the third quarter. Baillie Gifford & Co. now owns 14,142,674 shares of the company’s stock valued at $2,018,584,000 after buying an additional 1,645,186 shares during the last quarter. State Street Corp increased its holdings in shares of DoorDash by 3.8% during the third quarter. State Street Corp now owns 7,395,891 shares of the company’s stock valued at $1,055,616,000 after acquiring an additional 272,659 shares in the last quarter. Janus Henderson Group PLC raised its position in shares of DoorDash by 14.5% in the 3rd quarter. Janus Henderson Group PLC now owns 5,533,288 shares of the company’s stock worth $789,766,000 after purchasing an additional 700,465 shares during the last quarter. Geode Capital Management LLC boosted its stake in DoorDash by 6.4% in the 3rd quarter. Geode Capital Management LLC now owns 4,472,154 shares of the company’s stock worth $636,652,000 after purchasing an additional 267,855 shares in the last quarter. Finally, Two Sigma Advisers LP grew its position in DoorDash by 7.9% during the 3rd quarter. Two Sigma Advisers LP now owns 3,466,100 shares of the company’s stock valued at $494,716,000 after purchasing an additional 252,600 shares during the last quarter. 90.64% of the stock is owned by institutional investors.

DoorDash Stock Performance

DASH opened at $179.50 on Tuesday. The firm’s fifty day moving average is $165.56 and its 200 day moving average is $136.22. The stock has a market cap of $74.56 billion, a price-to-earnings ratio of -398.89, a price-to-earnings-growth ratio of 13.56 and a beta of 1.70. DoorDash, Inc. has a fifty-two week low of $93.33 and a fifty-two week high of $181.30.

DoorDash (NASDAQ:DASH) last posted its quarterly earnings results on Wednesday, October 30th. The company reported $0.38 earnings per share for the quarter, topping the consensus estimate of $0.21 by $0.17. The business had revenue of $2.71 billion during the quarter, compared to the consensus estimate of $2.66 billion. DoorDash had a negative return on equity of 2.41% and a negative net margin of 1.69%. The firm’s revenue for the quarter was up 25.0% compared to the same quarter last year. During the same period in the prior year, the company posted ($0.19) EPS. On average, equities research analysts predict that DoorDash, Inc. will post 0.26 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the stock. UBS Group upped their target price on shares of DoorDash from $143.00 to $160.00 and gave the stock a “neutral” rating in a research note on Friday, October 18th. Oppenheimer upped their price objective on DoorDash from $145.00 to $160.00 and gave the company an “outperform” rating in a research report on Friday, September 27th. Truist Financial boosted their price target on DoorDash from $170.00 to $180.00 and gave the stock a “buy” rating in a research note on Thursday, October 31st. Piper Sandler increased their price objective on DoorDash from $125.00 to $160.00 and gave the company a “neutral” rating in a research report on Thursday, October 31st. Finally, Jefferies Financial Group boosted 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. Ten investment analysts have rated the stock with a hold rating and twenty-four have given a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $167.27.

Insider Buying and Selling

In other news, Director Andy Fang sold 50,000 shares of DoorDash stock in a transaction that occurred on Thursday, December 12th. The stock was sold at an average price of $176.66, for a total value of $8,833,000.00. Following the completion of the transaction, the director now owns 16,176 shares in the company, valued at approximately $2,857,652.16. The trade was a 75.56 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Keith Yandell sold 4,474 shares of DoorDash stock in a transaction on Friday, December 6th. The stock was sold at an average price of $177.36, for a total transaction of $793,508.64. Following the transaction, the insider now directly owns 114,238 shares of the company’s stock, valued at $20,261,251.68. The trade was a 3.77 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 843,196 shares of company stock worth $139,848,818. Corporate insiders own 7.92% of the company’s stock.

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.