Montag A & Associates Inc. Purchases 549 Shares of DoorDash, Inc. $DASH

Montag A & Associates Inc. boosted its holdings in shares of DoorDash, Inc. (NASDAQ:DASH) by 1,960.7% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 577 shares of the company’s stock after buying an additional 549 shares during the period. Montag A & Associates Inc.’s holdings in DoorDash were worth $142,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Brighton Jones LLC raised its holdings in shares of DoorDash by 24.0% in the 4th quarter. Brighton Jones LLC now owns 9,336 shares of the company’s stock worth $1,566,000 after acquiring an additional 1,807 shares during the last quarter. Envestnet Asset Management Inc. raised its stake in shares of DoorDash by 14.4% in the first quarter. Envestnet Asset Management Inc. now owns 105,272 shares of the company’s stock worth $19,241,000 after purchasing an additional 13,260 shares during the last quarter. Stratos Wealth Partners LTD. bought a new position in shares of DoorDash in the first quarter valued at approximately $278,000. Mutual of America Capital Management LLC purchased a new position in shares of DoorDash during the first quarter valued at approximately $7,200,000. Finally, Schechter Investment Advisors LLC bought a new stake in DoorDash during the first quarter worth $247,000. 90.64% of the stock is currently owned by institutional investors and hedge funds.

DoorDash Price Performance

Shares of NASDAQ DASH opened at $196.51 on Thursday. The company has a current ratio of 2.04, a quick ratio of 2.04 and a debt-to-equity ratio of 0.29. The stock has a fifty day simple moving average of $256.01 and a two-hundred day simple moving average of $237.98. DoorDash, Inc. has a 1-year low of $155.40 and a 1-year high of $285.50. The firm has a market cap of $83.95 billion, a price-to-earnings ratio of 99.75 and a beta of 1.70.

DoorDash (NASDAQ:DASH) last posted its earnings results on Wednesday, November 5th. The company reported $0.55 earnings per share for the quarter, missing the consensus estimate of $0.68 by ($0.13). The business had revenue of $3.45 billion during the quarter, compared to analysts’ expectations of $3.35 billion. DoorDash had a return on equity of 9.97% and a net margin of 6.83%.DoorDash’s revenue for the quarter was up 27.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.38 EPS. Analysts anticipate that DoorDash, Inc. will post 2.22 earnings per share for the current year.

Analysts Set New Price Targets

A number of research firms have issued reports on DASH. JMP Securities lifted their price objective on shares of DoorDash from $250.00 to $335.00 and gave the stock a “market outperform” rating in a report on Thursday, August 7th. DA Davidson restated a “neutral” rating and set a $260.00 price target on shares of DoorDash in a report on Thursday, November 6th. BMO Capital Markets upped their price objective on shares of DoorDash from $238.00 to $288.00 and gave the stock an “outperform” rating in a research report on Thursday, August 7th. JPMorgan Chase & Co. dropped their target price on shares of DoorDash from $325.00 to $300.00 and set an “overweight” rating on the stock in a research report on Thursday, November 6th. Finally, Barclays reduced their target price on DoorDash from $272.00 to $238.00 and set an “equal weight” rating for the company in a report on Thursday, November 6th. Two analysts have rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating and twelve have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $279.74.

Insider Buying and Selling at DoorDash

In other DoorDash news, CFO Ravi Inukonda sold 1,425 shares of the firm’s stock in a transaction dated Monday, October 20th. The stock was sold at an average price of $263.86, for a total value of $376,000.50. Following the completion of the transaction, the chief financial officer owned 214,147 shares in the company, valued at $56,504,827.42. This trade represents a 0.66% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Shona L. Brown sold 1,250 shares of DoorDash stock in a transaction dated Thursday, October 9th. The shares were sold at an average price of $277.47, for a total value of $346,837.50. Following the transaction, the director directly owned 37,252 shares of the company’s stock, valued at $10,336,312.44. The trade was a 3.25% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 825,277 shares of company stock worth $205,015,591 in the last three months. 5.83% of the stock is currently owned by corporate insiders.

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.