DoorDash, Inc. (NASDAQ:DASH) Shares Bought by Lindbrook Capital LLC

Lindbrook Capital LLC boosted its stake in shares of DoorDash, Inc. (NASDAQ:DASH) by 82.2% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 687 shares of the company’s stock after acquiring an additional 310 shares during the period. Lindbrook Capital LLC’s holdings in DoorDash were worth $68,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in the stock. abrdn plc raised its position in DoorDash by 106.4% during the fourth quarter. abrdn plc now owns 106,045 shares of the company’s stock worth $10,487,000 after acquiring an additional 54,674 shares during the period. Greenleaf Trust acquired a new position in DoorDash during the fourth quarter worth $249,000. Federated Hermes Inc. raised its position in shares of DoorDash by 30.1% in the fourth quarter. Federated Hermes Inc. now owns 552,469 shares of the company’s stock valued at $54,634,000 after buying an additional 127,817 shares during the last quarter. Livforsakringsbolaget Skandia Omsesidigt raised its position in shares of DoorDash by 182.0% in the fourth quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 564 shares of the company’s stock valued at $56,000 after buying an additional 364 shares during the last quarter. Finally, Daiwa Securities Group Inc. raised its position in shares of DoorDash by 67.6% in the fourth quarter. Daiwa Securities Group Inc. now owns 65,488 shares of the company’s stock valued at $6,476,000 after buying an additional 26,422 shares during the last quarter. 90.64% of the stock is currently owned by institutional investors and hedge funds.

DoorDash Stock Down 2.0 %

Shares of NASDAQ:DASH opened at $126.76 on Thursday. The firm’s 50 day moving average price is $130.95 and its 200 day moving average price is $108.06. The stock has a market cap of $51.21 billion, a price-to-earnings ratio of -88.64, a price-to-earnings-growth ratio of 14.16 and a beta of 1.79. DoorDash, Inc. has a fifty-two week low of $56.59 and a fifty-two week high of $143.34.

DoorDash (NASDAQ:DASH) last issued its earnings results on Thursday, February 15th. The company reported ($0.39) earnings per share for the quarter, missing the consensus estimate of ($0.15) by ($0.24). The firm had revenue of $2.30 billion during the quarter, compared to analyst estimates of $2.25 billion. DoorDash had a negative net margin of 6.46% and a negative return on equity of 8.49%. The firm’s revenue was up 26.7% compared to the same quarter last year. During the same period last year, the business earned ($0.63) EPS. On average, equities analysts anticipate that DoorDash, Inc. will post 0.21 EPS for the current year.

Insider Activity at DoorDash

In related news, CFO Ravi Inukonda sold 5,000 shares of the firm’s stock in a transaction that occurred on Tuesday, January 30th. The shares were sold at an average price of $109.73, for a total value of $548,650.00. Following the sale, the chief financial officer now owns 414,738 shares of the company’s stock, valued at $45,509,200.74. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other DoorDash news, CFO Ravi Inukonda sold 5,000 shares of the firm’s stock in a transaction that occurred on Tuesday, January 30th. The shares were sold at an average price of $109.73, for a total transaction of $548,650.00. Following the sale, the chief financial officer now owns 414,738 shares of the company’s stock, valued at $45,509,200.74. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CAO Gordon S. Lee sold 1,000 shares of the firm’s stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of $124.50, for a total transaction of $124,500.00. Following the sale, the chief accounting officer now directly owns 92,207 shares in the company, valued at approximately $11,479,771.50. The disclosure for this sale can be found here. Insiders have sold a total of 497,282 shares of company stock valued at $64,885,042 over the last 90 days. 9.59% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on DASH. Benchmark began coverage on shares of DoorDash in a research report on Thursday, April 4th. They issued a “buy” rating and a $165.00 target price for the company. The Goldman Sachs Group increased their target price on shares of DoorDash from $109.00 to $122.00 and gave the company a “neutral” rating in a research report on Friday, February 16th. Mizuho increased their target price on shares of DoorDash from $140.00 to $152.00 and gave the company a “buy” rating in a research report on Friday, February 16th. Deutsche Bank Aktiengesellschaft upped their price objective on shares of DoorDash from $140.00 to $155.00 and gave the company a “buy” rating in a report on Tuesday, April 16th. Finally, Wedbush upped their price objective on shares of DoorDash from $92.00 to $115.00 and gave the company a “neutral” rating in a report on Friday, February 16th. Nine equities research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $130.52.

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.