Sherbrooke Park Advisers LLC Raises Position in DoorDash, Inc. (NASDAQ:DASH)

Sherbrooke Park Advisers LLC raised its stake in shares of DoorDash, Inc. (NASDAQ:DASH - Free Report) by 114.2% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 5,050 shares of the company's stock after purchasing an additional 2,692 shares during the period. Sherbrooke Park Advisers LLC's holdings in DoorDash were worth $847,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Pittenger & Anderson Inc. bought a new position in shares of DoorDash in the 4th quarter worth about $29,000. Denver PWM LLC bought a new position in shares of DoorDash in the 4th quarter worth about $30,000. Princeton Global Asset Management LLC bought a new position in shares of DoorDash in the 4th quarter worth about $34,000. IFP Advisors Inc raised its position in shares of DoorDash by 31.8% in the 4th quarter. IFP Advisors Inc now owns 224 shares of the company's stock worth $37,000 after acquiring an additional 54 shares in the last quarter. Finally, MassMutual Private Wealth & Trust FSB raised its position in shares of DoorDash by 34.0% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 272 shares of the company's stock worth $46,000 after acquiring an additional 69 shares in the last quarter. 90.64% of the stock is owned by institutional investors.

Analysts Set New Price Targets

DASH has been the subject of several research analyst reports. JPMorgan Chase & Co. lowered their price objective on DoorDash from $205.00 to $175.00 and set a "neutral" rating for the company in a research report on Tuesday, April 8th. Evercore ISI reissued an "outperform" rating on shares of DoorDash in a research report on Monday, March 10th. Benchmark lifted their price objective on DoorDash from $220.00 to $225.00 and gave the stock a "buy" rating in a research report on Wednesday, May 7th. Bank of America reduced their target price on DoorDash from $245.00 to $235.00 and set a "buy" rating for the company in a research note on Monday, April 7th. Finally, Piper Sandler restated a "neutral" rating and issued a $210.00 target price (up from $160.00) on shares of DoorDash in a research note on Wednesday, February 12th. Ten investment analysts have rated the stock with a hold rating and twenty-four have given a buy rating to the company's stock. Based on data from MarketBeat, DoorDash currently has an average rating of "Moderate Buy" and an average target price of $209.97.

Insider Buying and Selling

In related news, General Counsel Tia Sherringham sold 12,088 shares of DoorDash 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 $2,459,303.60. Following the sale, the general counsel now owns 122,135 shares of the company's stock, valued at approximately $24,848,365.75. The trade was a 9.01% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Ravi Inukonda sold 1,425 shares of DoorDash stock in a transaction that occurred on Friday, April 25th. The stock was sold at an average price of $187.22, for a total transaction of $266,788.50. Following the completion of the sale, the chief financial officer now directly owns 337,430 shares in the company, valued at $63,173,644.60. This trade represents a 0.42% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 158,573 shares of company stock valued at $30,407,073. 5.83% of the stock is owned by company insiders.

DoorDash Stock Performance

Shares of DoorDash stock traded up $0.18 during mid-day trading on Monday, hitting $202.18. 3,336,785 shares of the stock were exchanged, compared to its average volume of 4,177,054. DoorDash, Inc. has a 12 month low of $99.32 and a 12 month high of $215.25. The company has a 50-day simple moving average of $186.03 and a 200 day simple moving average of $182.51. The company has a market capitalization of $84.94 billion, a P/E ratio of 748.81 and a beta of 1.68.

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

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.