Lecap Asset Management Ltd. Acquires 541 Shares of DoorDash, Inc. (NASDAQ:DASH)

Lecap Asset Management Ltd. increased its holdings in DoorDash, Inc. (NASDAQ:DASH) by 8.0% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 7,280 shares of the company’s stock after purchasing an additional 541 shares during the period. Lecap Asset Management Ltd.’s holdings in DoorDash were worth $792,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Spire Wealth Management acquired a new stake in shares of DoorDash in the first quarter valued at about $25,000. Venturi Wealth Management LLC increased its position in DoorDash by 54.5% during the 1st quarter. Venturi Wealth Management LLC now owns 255 shares of the company’s stock valued at $35,000 after purchasing an additional 90 shares during the period. Versant Capital Management Inc raised its holdings in DoorDash by 340.8% during the 2nd quarter. Versant Capital Management Inc now owns 335 shares of the company’s stock worth $36,000 after purchasing an additional 259 shares during the last quarter. ORG Partners LLC lifted its position in shares of DoorDash by 2,108.3% in the 1st quarter. ORG Partners LLC now owns 265 shares of the company’s stock worth $37,000 after purchasing an additional 253 shares during the period. Finally, First Horizon Advisors Inc. boosted its stake in shares of DoorDash by 141.1% in the 2nd quarter. First Horizon Advisors Inc. now owns 352 shares of the company’s stock valued at $38,000 after purchasing an additional 206 shares during the last quarter. 90.64% of the stock is currently owned by institutional investors and hedge funds.

DoorDash Stock Performance

Shares of DoorDash stock traded up $1.91 during mid-day trading on Wednesday, hitting $129.45. 2,154,189 shares of the stock were exchanged, compared to its average volume of 4,116,193. DoorDash, Inc. has a 12 month low of $69.90 and a 12 month high of $143.34. The company has a 50-day simple moving average of $112.97 and a 200 day simple moving average of $120.13. The company has a market capitalization of $52.93 billion, a P/E ratio of -119.86, a P/E/G ratio of 40.25 and a beta of 1.67.

DoorDash (NASDAQ:DASH) last issued its quarterly earnings results on Thursday, August 1st. The company reported ($0.38) EPS for the quarter, missing analysts’ consensus estimates of ($0.09) by ($0.29). The business had revenue of $2.63 billion for the quarter, compared to the consensus estimate of $2.54 billion. DoorDash had a negative return on equity of 6.00% and a negative net margin of 4.24%. The business’s revenue was up 23.3% compared to the same quarter last year. During the same quarter last year, the business posted ($0.44) earnings per share. Analysts predict that DoorDash, Inc. will post 0.07 EPS for the current year.

Insider Buying and Selling

In related news, General Counsel Tia Sherringham sold 11,740 shares of the firm’s stock in a transaction dated Thursday, May 23rd. The shares were sold at an average price of $110.46, for a total transaction of $1,296,800.40. Following the completion of the sale, the general counsel now owns 183,512 shares in the company, valued at $20,270,735.52. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other DoorDash news, CEO Tony Xu sold 131,590 shares of the business’s stock in a transaction on Monday, June 10th. The shares were sold at an average price of $111.61, for a total transaction of $14,686,759.90. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, General Counsel Tia Sherringham sold 11,740 shares of the stock in a transaction on Thursday, May 23rd. The stock was sold at an average price of $110.46, for a total value of $1,296,800.40. Following the sale, the general counsel now owns 183,512 shares in the company, valued at approximately $20,270,735.52. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 518,187 shares of company stock valued at $57,611,706. 7.92% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

DASH has been the topic of several recent analyst reports. Royal Bank of Canada dropped their target price on shares of DoorDash from $175.00 to $165.00 and set an “outperform” rating on the stock in a report on Thursday, May 2nd. Wedbush reissued a “neutral” rating and issued a $115.00 price objective on shares of DoorDash in a research note on Friday, August 2nd. Susquehanna raised their target price on DoorDash from $135.00 to $140.00 and gave the stock a “positive” rating in a research note on Monday, August 5th. Redburn Atlantic started coverage on DoorDash in a research note on Friday, July 26th. They issued a “buy” rating and a $170.00 price target on the stock. Finally, DA Davidson raised their price objective on shares of DoorDash from $110.00 to $119.00 and gave the stock a “neutral” rating in a research report on Monday, August 5th. Eleven analysts have rated the stock with a hold rating and eighteen have given a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $141.93.

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.