DoorDash, Inc. $DASH Shares Sold by Catalyst Capital Advisors LLC

Catalyst Capital Advisors LLC cut its holdings in DoorDash, Inc. (NASDAQ:DASH) by 16.7% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 249 shares of the company’s stock after selling 50 shares during the period. Catalyst Capital Advisors LLC’s holdings in DoorDash were worth $61,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of DASH. Saudi Central Bank acquired a new stake in DoorDash during the 1st quarter worth approximately $25,000. WPG Advisers LLC bought a new position in DoorDash during the first quarter worth $26,000. Pacific Center for Financial Services bought a new stake in DoorDash in the first quarter valued at $27,000. GFG Capital LLC bought a new stake in DoorDash in the second quarter valued at $30,000. Finally, Harbour Investments Inc. increased its holdings in shares of DoorDash by 55.6% during the first quarter. Harbour Investments Inc. now owns 196 shares of the company’s stock valued at $36,000 after purchasing an additional 70 shares during the period. 90.64% of the stock is currently owned by hedge funds and other institutional investors.

DoorDash Stock Up 1.4%

DASH stock opened at $258.15 on Friday. The business’s 50 day simple moving average is $259.75 and its 200 day simple moving average is $233.03. The firm has a market capitalization of $110.28 billion, a PE ratio of 143.42 and a beta of 1.71. DoorDash, Inc. has a 1-year low of $152.26 and a 1-year high of $285.50. The company has a current ratio of 2.07, a quick ratio of 2.07 and a debt-to-equity ratio of 0.30.

DoorDash (NASDAQ:DASH) last released its quarterly earnings data on Wednesday, August 6th. The company reported $0.65 earnings per share for the quarter, beating the consensus estimate of $0.42 by $0.23. DoorDash had a return on equity of 9.56% and a net margin of 6.57%.The business had revenue of $3.28 billion for the quarter, compared to analyst estimates of $3.16 billion. During the same period last year, the firm posted ($0.38) earnings per share. DoorDash’s revenue was up 24.9% compared to the same quarter last year. As a group, research analysts anticipate that DoorDash, Inc. will post 2.22 EPS for the current year.

Insider Transactions at DoorDash

In other DoorDash news, COO Prabir Adarkar sold 41,881 shares of the firm’s stock in a transaction on Monday, August 25th. The stock was sold at an average price of $245.82, for a total value of $10,295,187.42. Following the completion of the sale, the chief operating officer directly owned 914,547 shares of the company’s stock, valued at $224,813,943.54. This trade represents a 4.38% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Stanley Tang sold 45,410 shares of DoorDash stock in a transaction on Friday, August 1st. The shares were sold at an average price of $247.11, for a total value of $11,221,265.10. Following the completion of the transaction, the director owned 26,070 shares of the company’s stock, valued at approximately $6,442,157.70. This trade represents a 63.53% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 932,156 shares of company stock worth $233,565,302 in the last three months. Insiders own 5.83% of the company’s stock.

Analyst Upgrades and Downgrades

DASH has been the topic of a number of analyst reports. KeyCorp reissued an “overweight” rating and issued a $325.00 price target (up previously from $295.00) on shares of DoorDash in a research note on Thursday, August 7th. Wall Street Zen raised DoorDash from a “hold” rating to a “buy” rating in a research note on Saturday, October 11th. Piper Sandler upped their price target on DoorDash from $210.00 to $290.00 and gave the stock a “neutral” rating in a report on Thursday, August 7th. Zacks Research upgraded DoorDash from a “hold” rating to a “strong-buy” rating in a research note on Monday, October 13th. Finally, Susquehanna increased their target price on DoorDash from $235.00 to $300.00 and gave the stock a “positive” rating in a report on Monday, August 11th. Four investment analysts have rated the stock with a Strong Buy rating, twenty-one have given a Buy rating and twelve have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $287.79.

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.