DoorDash, Inc. (NASDAQ:DASH) Shares Purchased by CoreCap Advisors LLC

CoreCap Advisors LLC raised its holdings in DoorDash, Inc. (NASDAQ:DASH) by 471.4% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 760 shares of the company’s stock after buying an additional 627 shares during the quarter. CoreCap Advisors LLC’s holdings in DoorDash were worth $127,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. GeoWealth Management LLC grew its holdings in DoorDash by 3.7% in the fourth quarter. GeoWealth Management LLC now owns 1,428 shares of the company’s stock valued at $240,000 after purchasing an additional 51 shares during the period. IFP Advisors Inc boosted its holdings in shares of DoorDash by 31.8% in the 4th quarter. IFP Advisors Inc now owns 224 shares of the company’s stock valued at $37,000 after purchasing an additional 54 shares during the last quarter. MassMutual Private Wealth & Trust FSB grew its stake in shares of DoorDash by 34.0% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 272 shares of the company’s stock valued at $46,000 after buying an additional 69 shares during the period. Avestar Capital LLC grew its stake in shares of DoorDash by 1.1% during the 4th quarter. Avestar Capital LLC now owns 6,618 shares of the company’s stock valued at $1,110,000 after buying an additional 75 shares during the period. Finally, Wealth Enhancement Advisory Services LLC increased its holdings in shares of DoorDash by 0.7% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 11,744 shares of the company’s stock worth $1,970,000 after buying an additional 84 shares during the last quarter. Hedge funds and other institutional investors own 90.64% of the company’s stock.

DoorDash Stock Performance

Shares of DASH stock opened at $192.10 on Tuesday. The firm has a market capitalization of $80.70 billion, a PE ratio of 711.48 and a beta of 1.68. DoorDash, Inc. has a 1 year low of $99.32 and a 1 year high of $215.25. The stock has a fifty day moving average of $184.56 and a two-hundred day moving average of $181.30.

DoorDash (NASDAQ:DASH) last issued its quarterly earnings results on Tuesday, May 6th. The company reported $0.44 earnings per share for the quarter, topping analysts’ consensus estimates of $0.39 by $0.05. DoorDash had a net margin of 1.15% and a return on equity of 1.67%. The company had revenue of $3.03 billion during the quarter, compared to analyst estimates of $3.10 billion. During the same period in the prior year, the business posted ($0.06) EPS. The business’s revenue for the quarter was up 20.7% compared to the same quarter last year. Equities research analysts predict that DoorDash, Inc. will post 2.22 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on DASH shares. Benchmark boosted their price target on DoorDash from $220.00 to $225.00 and gave the company a “buy” rating in a research report on Wednesday, May 7th. JMP Securities reissued a “market outperform” rating and set a $225.00 target price on shares of DoorDash in a research report on Monday, April 28th. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $210.00 price target on shares of DoorDash in a research report on Wednesday, May 7th. BMO Capital Markets reiterated an “outperform” rating on shares of DoorDash in a research note on Tuesday, April 29th. Finally, Wells Fargo & Company cut their target price on shares of DoorDash from $201.00 to $198.00 and set an “equal weight” rating on the stock in a research note on Wednesday, May 7th. Ten equities research analysts have rated the stock with a hold rating and twenty-four have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $209.97.

Insider Buying and Selling at DoorDash

In related news, Director Andy Fang sold 1,398 shares of the business’s stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $203.45, for a total value of $284,423.10. Following the sale, the director now directly owns 14,778 shares in the company, valued at $3,006,584.10. The trade was a 8.64% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Ravi Inukonda sold 1,425 shares of the stock in a transaction that occurred on Friday, April 25th. The shares were sold at an average price of $187.22, for a total transaction of $266,788.50. Following the sale, the chief financial officer now directly owns 337,430 shares of the company’s stock, valued at approximately $63,173,644.60. This represents a 0.42% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 158,573 shares of company stock valued at $30,407,073. 7.92% of the stock is 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.