Pallas Capital Advisors LLC Buys 88 Shares of DoorDash, Inc. (NASDAQ:DASH)

Pallas Capital Advisors LLC lifted its stake in DoorDash, Inc. (NASDAQ:DASH) by 3.7% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,465 shares of the company’s stock after buying an additional 88 shares during the period. Pallas Capital Advisors LLC’s holdings in DoorDash were worth $414,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of DASH. Rakuten Securities Inc. raised its stake in DoorDash by 302.3% during the third quarter. Rakuten Securities Inc. now owns 173 shares of the company’s stock worth $25,000 after acquiring an additional 130 shares in the last quarter. Headlands Technologies LLC acquired a new stake in shares of DoorDash during the 2nd quarter worth about $32,000. ORG Wealth Partners LLC acquired a new stake in shares of DoorDash during the 4th quarter worth about $36,000. Quest Partners LLC lifted its holdings in DoorDash by 146.8% during the 2nd quarter. Quest Partners LLC now owns 343 shares of the company’s stock valued at $37,000 after purchasing an additional 204 shares during the last quarter. Finally, Hollencrest Capital Management acquired a new position in DoorDash in the third quarter valued at about $54,000. Institutional investors own 90.64% of the company’s stock.

DoorDash Price Performance

Shares of NASDAQ:DASH opened at $169.33 on Wednesday. The firm’s 50 day simple moving average is $173.31 and its 200 day simple moving average is $144.48. DoorDash, Inc. has a fifty-two week low of $99.32 and a fifty-two week high of $181.78. The company has a market capitalization of $70.34 billion, a price-to-earnings ratio of -376.29, a P/E/G ratio of 13.46 and a beta of 1.71.

DoorDash (NASDAQ:DASH) last posted its 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. DoorDash had a negative net margin of 1.69% and a negative return on equity of 2.41%. The company had revenue of $2.71 billion for the quarter, compared to analyst estimates of $2.66 billion. During the same period last year, the business posted ($0.19) earnings per share. The business’s revenue for the quarter was up 25.0% compared to the same quarter last year. Equities research analysts expect that DoorDash, Inc. will post 0.26 earnings per share for the current year.

Insider Buying and Selling

In other DoorDash news, Director Stanley Tang sold 1,855 shares of the stock in a transaction dated Wednesday, November 20th. The stock was sold at an average price of $169.98, for a total value of $315,312.90. Following the completion of the sale, the director now directly owns 35,413 shares in the company, valued at $6,019,501.74. This represents a 4.98 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Andy Fang sold 50,000 shares of DoorDash stock in a transaction dated Monday, January 13th. The shares were sold at an average price of $168.32, for a total value of $8,416,000.00. Following the transaction, the director now owns 16,176 shares in the company, valued at $2,722,744.32. This trade represents a 75.56 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 1,019,321 shares of company stock valued at $177,554,465. 7.92% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on DASH shares. Wolfe Research raised their price objective on shares of DoorDash from $210.00 to $220.00 and gave the stock an “outperform” rating in a report on Friday, January 3rd. KeyCorp raised their price target on DoorDash from $180.00 to $225.00 and gave the company an “overweight” rating in a report on Thursday, January 9th. Cantor Fitzgerald reiterated an “overweight” rating and issued a $160.00 price objective on shares of DoorDash in a research report on Monday, October 7th. Mizuho increased their target price on DoorDash from $162.00 to $173.00 and gave the stock an “outperform” rating in a report on Thursday, October 24th. Finally, Jefferies Financial Group lifted their price target on DoorDash from $155.00 to $180.00 and gave the company a “buy” rating in a report on Tuesday, October 22nd. Nine research analysts have rated the stock with a hold rating and twenty-five have given a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $174.30.

DoorDash 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.