Caxton Associates LP Invests $613,000 in DoorDash, Inc. (NASDAQ:DASH)

Caxton Associates LP bought a new stake in DoorDash, Inc. (NASDAQ:DASH - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 3,655 shares of the company's stock, valued at approximately $613,000.

Other large investors also recently bought and sold shares of the company. Pittenger & Anderson Inc. acquired a new stake in shares of DoorDash during the fourth quarter valued at $29,000. Denver PWM LLC acquired a new stake in shares of DoorDash during the fourth quarter valued at $30,000. Princeton Global Asset Management LLC acquired a new stake in shares of DoorDash during the fourth quarter valued at $34,000. ORG Wealth Partners LLC acquired a new stake in shares of DoorDash during the fourth quarter valued at $36,000. Finally, IFP Advisors Inc boosted its stake in shares of DoorDash by 31.8% during the fourth quarter. IFP Advisors Inc now owns 224 shares of the company's stock valued at $37,000 after acquiring an additional 54 shares during the last quarter. Institutional investors and hedge funds own 90.64% of the company's stock.

Analyst Ratings Changes

A number of analysts recently commented on DASH shares. Wedbush reaffirmed an "outperform" rating on shares of DoorDash in a research note on Wednesday. Morgan Stanley decreased their price target on DoorDash from $245.00 to $210.00 and set an "overweight" rating on the stock in a research note on Thursday, April 17th. Bank of America decreased their price target on DoorDash from $245.00 to $235.00 and set a "buy" rating on the stock in a research note on Monday, April 7th. FBN Securities started coverage on DoorDash in a research note on Friday, March 28th. They issued an "outperform" rating and a $230.00 price target on the stock. Finally, Truist Financial raised their price target on DoorDash from $217.00 to $235.00 and gave the stock a "buy" rating in a research note on Wednesday, February 12th. Ten analysts have rated the stock with a hold rating and twenty-four have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $209.97.

DoorDash Stock Up 3.4%

Shares of DoorDash stock traded up $6.23 during trading hours on Monday, hitting $189.75. 1,412,707 shares of the company's stock traded hands, compared to its average volume of 4,167,733. The stock has a 50 day simple moving average of $184.61 and a 200-day simple moving average of $181.03. The company has a market cap of $79.71 billion, a PE ratio of 701.75 and a beta of 1.68. DoorDash, Inc. has a twelve month low of $99.32 and a twelve month high of $215.25.

DoorDash (NASDAQ:DASH - Get Free Report) last posted its quarterly earnings data on Tuesday, May 6th. The company reported $0.44 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.39 by $0.05. DoorDash had a return on equity of 1.67% and a net margin of 1.15%. The company had revenue of $3.03 billion for the quarter, compared to the consensus estimate of $3.10 billion. During the same period in the previous year, the business earned ($0.06) EPS. DoorDash's revenue for the quarter was up 20.7% compared to the same quarter last year. As a group, equities research analysts predict that DoorDash, Inc. will post 2.22 EPS for the current year.

Insiders Place Their Bets

In other news, Director Andy Fang sold 1,398 shares of DoorDash stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $203.45, for a total value of $284,423.10. Following the completion of the transaction, the director now owns 14,778 shares in the company, valued at approximately $3,006,584.10. This trade represents a 8.64% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Stanley Tang sold 45,410 shares of DoorDash stock in a transaction that occurred on Tuesday, April 1st. The stock was sold at an average price of $181.21, for a total value of $8,228,746.10. Following the completion of the transaction, the director now owns 18,285 shares of the company's stock, valued at approximately $3,313,424.85. The trade was a 71.29% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 158,573 shares of company stock worth $30,407,073 in the last three months. 7.92% of the stock is owned by insiders.

About DoorDash

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.