Sanctuary Advisors LLC Buys 3,498 Shares of DoorDash, Inc. (NASDAQ:DASH)

Sanctuary Advisors LLC lifted its stake in DoorDash, Inc. (NASDAQ:DASH) by 48.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 10,663 shares of the company’s stock after purchasing an additional 3,498 shares during the quarter. Sanctuary Advisors LLC’s holdings in DoorDash were worth $1,522,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently bought and sold shares of the company. Rakuten Securities Inc. raised its holdings in DoorDash by 302.3% in the third quarter. Rakuten Securities Inc. now owns 173 shares of the company’s stock worth $25,000 after buying an additional 130 shares during the last quarter. Meeder Asset Management Inc. lifted its position in DoorDash by 82.0% in the 2nd quarter. Meeder Asset Management Inc. now owns 293 shares of the company’s stock valued at $32,000 after acquiring an additional 132 shares in the last quarter. Headlands Technologies LLC purchased a new stake in DoorDash during the 2nd quarter valued at $32,000. Quest Partners LLC raised its stake in shares of DoorDash by 146.8% in the second quarter. Quest Partners LLC now owns 343 shares of the company’s stock worth $37,000 after purchasing an additional 204 shares during the last quarter. Finally, Fifth Third Bancorp lifted its holdings in shares of DoorDash by 136.4% during the second quarter. Fifth Third Bancorp now owns 364 shares of the company’s stock valued at $40,000 after purchasing an additional 210 shares in the last quarter. Institutional investors own 90.64% of the company’s stock.

DoorDash Trading Up 2.0 %

NASDAQ DASH opened at $171.00 on Friday. DoorDash, Inc. has a 12 month low of $93.33 and a 12 month high of $181.78. The company’s 50-day moving average price is $167.59 and its 200-day moving average price is $137.52. The stock has a market cap of $71.03 billion, a PE ratio of -380.00, a PEG ratio of 13.56 and a beta of 1.70.

DoorDash (NASDAQ:DASH) last posted its quarterly earnings results on Wednesday, October 30th. The company reported $0.38 earnings per share for the quarter, beating the consensus estimate of $0.21 by $0.17. The firm had revenue of $2.71 billion during the quarter, compared to the consensus estimate of $2.66 billion. DoorDash had a negative net margin of 1.69% and a negative return on equity of 2.41%. The company’s revenue was up 25.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($0.19) earnings per share. As a group, sell-side analysts forecast that DoorDash, Inc. will post 0.26 earnings per share for the current year.

Analyst Ratings Changes

A number of analysts have recently issued reports on DASH shares. Keefe, Bruyette & Woods raised shares of DoorDash from a “market perform” rating to an “outperform” rating and set a $177.00 price target on the stock in a report on Wednesday, September 25th. Piper Sandler increased their target price on DoorDash from $125.00 to $160.00 and gave the company a “neutral” rating in a report on Thursday, October 31st. The Goldman Sachs Group increased their price objective on shares of DoorDash from $142.00 to $161.00 and gave the stock a “neutral” rating in a research note on Friday, November 1st. Wells Fargo & Company upped their price objective on DoorDash from $127.00 to $142.00 and gave the stock an “equal weight” rating in a research note on Friday, October 4th. Finally, Benchmark raised their target price on DoorDash from $152.00 to $173.00 and gave the stock a “buy” rating in a report on Thursday, October 17th. Nine investment analysts have rated the stock with a hold rating and twenty-five have issued a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $168.39.

Insider Buying and Selling at DoorDash

In other DoorDash news, CEO Tony Xu sold 54,166 shares of the firm’s stock in a transaction dated Monday, September 23rd. The shares were sold at an average price of $140.06, for a total transaction of $7,586,489.96. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Keith Yandell sold 7,980 shares of the business’s stock in a transaction dated 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 completion of the sale, the insider now owns 124,221 shares of the company’s stock, valued at approximately $21,115,085.58. This represents a 6.04 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 951,528 shares of company stock valued at $159,212,079 in the last ninety days. 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.