Empowered Funds LLC Increases Position in DoorDash, Inc. (NASDAQ:DASH)

Empowered Funds LLC raised its holdings in DoorDash, Inc. (NASDAQ:DASH) by 10.6% in the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 7,273 shares of the company’s stock after acquiring an additional 695 shares during the period. Empowered Funds LLC’s holdings in DoorDash were worth $1,038,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Brighton Jones LLC grew its holdings in DoorDash by 0.8% in the 2nd quarter. Brighton Jones LLC now owns 10,317 shares of the company’s stock valued at $1,122,000 after buying an additional 82 shares during the period. Everhart Financial Group Inc. grew its stake in shares of DoorDash by 3.1% during the 2nd quarter. Everhart Financial Group Inc. now owns 3,267 shares of the company’s stock valued at $355,000 after buying an additional 99 shares during the period. E Fund Management Co. Ltd. increased its holdings in shares of DoorDash by 3.5% during the 2nd quarter. E Fund Management Co. Ltd. now owns 3,263 shares of the company’s stock worth $355,000 after buying an additional 111 shares during the last quarter. SJS Investment Consulting Inc. raised its position in shares of DoorDash by 21.0% in the 2nd quarter. SJS Investment Consulting Inc. now owns 673 shares of the company’s stock worth $73,000 after buying an additional 117 shares during the period. Finally, Venturi Wealth Management LLC raised its holdings in shares of DoorDash by 39.0% in the 3rd quarter. Venturi Wealth Management LLC now owns 424 shares of the company’s stock worth $61,000 after purchasing an additional 119 shares during the period. Hedge funds and other institutional investors own 90.64% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently issued reports on DASH shares. Cantor Fitzgerald reiterated an “overweight” rating and set a $160.00 target price on shares of DoorDash in a report on Monday, October 7th. Morgan Stanley increased their price target on DoorDash from $145.00 to $150.00 and gave the company an “overweight” rating in a report on Friday, August 2nd. Mizuho boosted their price target on DoorDash from $162.00 to $173.00 and gave the stock an “outperform” rating in a research report on Thursday, October 24th. Keefe, Bruyette & Woods raised shares of DoorDash from a “market perform” rating to an “outperform” rating and set a $177.00 price objective for the company in a research report on Wednesday, September 25th. Finally, Jefferies Financial Group boosted their target price on shares of DoorDash from $155.00 to $180.00 and gave the stock a “buy” rating in a research report on Tuesday, October 22nd. Ten equities research analysts have rated the stock with a hold rating and twenty-four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, DoorDash currently has a consensus rating of “Moderate Buy” and an average price target of $164.03.

DoorDash Stock Up 2.4 %

DoorDash stock opened at $177.24 on Friday. The company has a 50 day moving average of $153.61 and a 200-day moving average of $128.87. DoorDash, Inc. has a twelve month low of $92.56 and a twelve month high of $178.16. The stock has a market capitalization of $73.63 billion, a PE ratio of -393.87, a price-to-earnings-growth ratio of 14.82 and a beta of 1.67.

DoorDash (NASDAQ:DASH) last posted its quarterly earnings data on Wednesday, October 30th. The company reported $0.38 earnings per share for the quarter, topping the consensus estimate of $0.21 by $0.17. The company had revenue of $2.71 billion during the quarter, compared to analysts’ expectations of $2.66 billion. DoorDash had a negative return on equity of 2.41% and a negative net margin of 1.69%. DoorDash’s revenue for the quarter was up 25.0% compared to the same quarter last year. During the same period in the prior year, the firm earned ($0.19) earnings per share. Equities analysts anticipate that DoorDash, Inc. will post 0.24 EPS for the current fiscal year.

Insider Buying and Selling at DoorDash

In other DoorDash news, Director Andy Fang sold 50,000 shares of the firm’s stock in a transaction that occurred on Thursday, September 12th. The stock was sold at an average price of $130.20, for a total value of $6,510,000.00. Following the completion of the transaction, the director now directly owns 18,089 shares in the company, valued at $2,355,187.80. This trade represents a 73.43 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Ravi Inukonda sold 7,000 shares of the stock in a transaction that occurred on Friday, August 30th. The shares were sold at an average price of $127.86, for a total value of $895,020.00. Following the completion of the sale, the chief financial officer now directly owns 396,152 shares of the company’s stock, valued at approximately $50,651,994.72. The trade was a 1.74 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 547,753 shares of company stock worth $84,544,996. Insiders own 7.92% of the company’s stock.

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.