DoorDash, Inc. (NASDAQ:DASH) Stake Increased by Tidal Investments LLC

Tidal Investments LLC increased its stake in DoorDash, Inc. (NASDAQ:DASHFree Report) by 19.9% in the third quarter, Holdings Channel reports. The institutional investor owned 12,321 shares of the company’s stock after acquiring an additional 2,049 shares during the quarter. Tidal Investments LLC’s holdings in DoorDash were worth $1,759,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Rakuten Securities Inc. increased its stake in shares of 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. Headlands Technologies LLC bought a new stake in shares of DoorDash in the second quarter worth $32,000. Meeder Asset Management Inc. increased its stake in shares of DoorDash by 82.0% in the second quarter. Meeder Asset Management Inc. now owns 293 shares of the company’s stock worth $32,000 after buying an additional 132 shares during the last quarter. Quest Partners LLC increased its stake in DoorDash by 146.8% during the second 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, First Horizon Advisors Inc. increased its stake in DoorDash by 141.1% during the second 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. Institutional investors own 90.64% of the company’s stock.

DoorDash Trading Down 1.4 %

Shares of NASDAQ DASH opened at $177.00 on Wednesday. DoorDash, Inc. has a twelve month low of $93.33 and a twelve month high of $181.78. The company has a market capitalization of $73.53 billion, a price-to-earnings ratio of -393.33, a PEG ratio of 13.56 and a beta of 1.70. The firm has a 50-day moving average of $166.24 and a two-hundred day moving average of $136.69.

DoorDash (NASDAQ:DASHGet Free Report) last issued its quarterly earnings results on Wednesday, October 30th. The company reported $0.38 earnings per share for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $2.66 billion. During the same period in the prior year, the company earned ($0.19) EPS. DoorDash’s revenue was up 25.0% on a year-over-year basis. As a group, research analysts predict that DoorDash, Inc. will post 0.26 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the stock. Barclays boosted their target price on shares of DoorDash from $120.00 to $163.00 and gave the company an “equal weight” rating in a research note on Friday, November 1st. Loop Capital boosted their target price on shares of DoorDash from $170.00 to $200.00 and gave the company a “buy” rating in a research note on Tuesday, November 12th. Piper Sandler boosted their target price on shares of DoorDash from $125.00 to $160.00 and gave the company a “neutral” rating in a research note on Thursday, October 31st. Wells Fargo & Company boosted their target price on shares of DoorDash from $127.00 to $142.00 and gave the company an “equal weight” rating in a research note on Friday, October 4th. Finally, DA Davidson boosted their target price on shares of DoorDash from $119.00 to $150.00 and gave the company a “neutral” rating in a research note on Thursday, October 31st. Ten research analysts have rated the stock with a hold rating and twenty-four have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $168.39.

View Our Latest Report on DoorDash

Insider Buying and Selling at DoorDash

In other DoorDash news, Director Andy Fang sold 50,000 shares of the business’s stock in a transaction dated Thursday, October 10th. The stock was sold at an average price of $143.76, for a total transaction of $7,188,000.00. Following the sale, the director now owns 18,089 shares in the company, valued at approximately $2,600,474.64. The trade was a 73.43 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Keith Yandell sold 7,980 shares of the business’s stock in a transaction dated Wednesday, November 20th. The stock was sold at an average price of $169.98, for a total value of $1,356,440.40. Following the sale, the insider now owns 124,221 shares in the company, valued at approximately $21,115,085.58. The trade was a 6.04 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 843,196 shares of company stock valued at $139,848,818. 7.92% of the stock is owned by insiders.

DoorDash Company Profile

(Free Report)

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.

Further Reading

Want to see what other hedge funds are holding DASH? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for DoorDash, Inc. (NASDAQ:DASHFree Report).

Institutional Ownership by Quarter for DoorDash (NASDAQ:DASH)

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