Motley Fool Asset Management LLC Takes Position in DoorDash, Inc. (NASDAQ:DASH)

Motley Fool Asset Management LLC bought a new position in shares of DoorDash, Inc. (NASDAQ:DASH) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 10,680 shares of the company’s stock, valued at approximately $1,056,000.

Several other institutional investors also recently bought and sold shares of DASH. Lyell Wealth Management LP grew its stake in shares of DoorDash by 5.0% during the 4th quarter. Lyell Wealth Management LP now owns 37,196 shares of the company’s stock worth $3,678,000 after purchasing an additional 1,757 shares during the period. Harvest Fund Management Co. Ltd grew its position in DoorDash by 502.4% during the fourth quarter. Harvest Fund Management Co. Ltd now owns 5,548 shares of the company’s stock valued at $544,000 after buying an additional 4,627 shares during the period. Yousif Capital Management LLC increased its holdings in DoorDash by 6.8% in the fourth quarter. Yousif Capital Management LLC now owns 3,120 shares of the company’s stock valued at $309,000 after buying an additional 200 shares in the last quarter. GAMMA Investing LLC purchased a new position in DoorDash in the fourth quarter valued at $65,000. Finally, Parkside Financial Bank & Trust boosted its stake in shares of DoorDash by 361.2% during the 4th quarter. Parkside Financial Bank & Trust now owns 392 shares of the company’s stock worth $39,000 after acquiring an additional 307 shares in the last quarter. 90.64% of the stock is currently owned by hedge funds and other institutional investors.

DoorDash Price Performance

Shares of DASH traded up $4.00 during mid-day trading on Friday, reaching $132.11. The stock had a trading volume of 3,851,164 shares, compared to its average volume of 3,629,907. DoorDash, Inc. has a 52-week low of $57.39 and a 52-week high of $143.34. The firm has a market cap of $53.37 billion, a price-to-earnings ratio of -92.38, a P/E/G ratio of 14.10 and a beta of 1.79. The business’s fifty day moving average is $131.30 and its 200 day moving average is $108.59.

DoorDash (NASDAQ:DASH) last released its quarterly earnings results on Thursday, February 15th. The company reported ($0.39) EPS for the quarter, missing the consensus estimate of ($0.15) by ($0.24). DoorDash had a negative net margin of 6.46% and a negative return on equity of 8.49%. The firm had revenue of $2.30 billion for the quarter, compared to analysts’ expectations of $2.25 billion. During the same period in the previous year, the firm posted ($0.63) EPS. The firm’s quarterly revenue was up 26.7% compared to the same quarter last year. As a group, sell-side analysts anticipate that DoorDash, Inc. will post 0.21 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on DASH. Oppenheimer upped their price target on DoorDash from $110.00 to $140.00 and gave the stock an “outperform” rating in a report on Friday, February 16th. Jefferies Financial Group raised shares of DoorDash from a “hold” rating to a “buy” rating and lifted their price target for the company from $90.00 to $130.00 in a research note on Monday, January 8th. Moffett Nathanson raised shares of DoorDash from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $118.00 to $164.00 in a report on Thursday, April 11th. Susquehanna increased their price objective on shares of DoorDash from $110.00 to $135.00 and gave the company a “positive” rating in a report on Tuesday, February 20th. Finally, JMP Securities boosted their target price on shares of DoorDash from $130.00 to $160.00 and gave the stock a “market outperform” rating in a research note on Wednesday, March 27th. Nine research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $130.52.

Insiders Place Their Bets

In other news, insider Keith Yandell sold 3,500 shares of the business’s stock in a transaction that occurred on Thursday, February 1st. The shares were sold at an average price of $104.89, for a total value of $367,115.00. Following the sale, the insider now directly owns 179,350 shares of the company’s stock, valued at approximately $18,812,021.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, CAO Gordon S. Lee sold 1,000 shares of the firm’s stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $124.50, for a total transaction of $124,500.00. Following the completion of the transaction, the chief accounting officer now directly owns 92,207 shares in the company, valued at approximately $11,479,771.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Keith Yandell sold 3,500 shares of the business’s stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $104.89, for a total transaction of $367,115.00. Following the sale, the insider now owns 179,350 shares in the company, valued at $18,812,021.50. The disclosure for this sale can be found here. Insiders sold a total of 497,282 shares of company stock valued at $64,885,042 over the last 90 days. 9.59% of the stock is owned by company insiders.

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.