1,494 Shares in DoorDash, Inc. (NASDAQ:DASH) Acquired by Snowden Capital Advisors LLC

Snowden Capital Advisors LLC acquired a new position in DoorDash, Inc. (NASDAQ:DASH - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 1,494 shares of the company's stock, valued at approximately $251,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Shellback Capital LP acquired a new position in DoorDash in the 4th quarter worth approximately $8,388,000. Shell Asset Management Co. boosted its stake in DoorDash by 14.9% in the 4th quarter. Shell Asset Management Co. now owns 7,015 shares of the company's stock worth $1,177,000 after purchasing an additional 909 shares during the period. Sherbrooke Park Advisers LLC boosted its stake in DoorDash by 114.2% in the 4th quarter. Sherbrooke Park Advisers LLC now owns 5,050 shares of the company's stock worth $847,000 after purchasing an additional 2,692 shares during the period. Sora Investors LLC acquired a new position in DoorDash in the 4th quarter worth approximately $19,678,000. Finally, Raiffeisen Bank International AG acquired a new position in DoorDash in the 4th quarter worth approximately $550,000. Institutional investors and hedge funds own 90.64% of the company's stock.

Insider Buying and Selling

In related news, Director Stanley Tang sold 45,410 shares of DoorDash stock in a transaction on Tuesday, April 1st. The shares were sold at an average price of $181.21, for a total value of $8,228,746.10. Following the transaction, the director now owns 18,285 shares in the company, valued at $3,313,424.85. This trade represents a 71.29% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, COO Prabir Adarkar sold 20,000 shares of DoorDash stock in a transaction on Thursday, April 24th. The stock was sold at an average price of $184.85, for a total transaction of $3,697,000.00. Following the completion of the transaction, the chief operating officer now owns 887,348 shares in the company, valued at $164,026,277.80. This trade represents a 2.20% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 101,612 shares of company stock worth $18,808,326 in the last quarter. 5.83% of the stock is currently owned by company insiders.

DoorDash Price Performance

Shares of DASH opened at $200.87 on Friday. The company has a market capitalization of $85.12 billion, a PE ratio of 743.96 and a beta of 1.68. DoorDash, Inc. has a one year low of $99.32 and a one year high of $215.25. The company's fifty day moving average price is $187.51 and its 200 day moving average price is $183.44.

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

Wall Street Analyst Weigh In

A number of equities analysts recently commented on DASH shares. The Goldman Sachs Group raised their price objective on shares of DoorDash from $192.00 to $212.00 and gave the stock a "neutral" rating in a research note on Wednesday, February 12th. Needham & Company LLC lifted their target price on shares of DoorDash from $225.00 to $230.00 and gave the company a "buy" rating in a research note on Wednesday, May 7th. KeyCorp decreased their target price on shares of DoorDash from $240.00 to $230.00 and set an "overweight" rating for the company in a research note on Tuesday, April 15th. Evercore ISI reissued an "outperform" rating on shares of DoorDash in a research note on Monday, March 10th. Finally, Morgan Stanley decreased their target price on shares of DoorDash from $245.00 to $210.00 and set an "overweight" rating for the company in a research note on Thursday, April 17th. Ten research analysts have rated the stock with a hold rating and twenty-five have assigned a buy rating to the company's stock. Based on data from MarketBeat, DoorDash currently has a consensus rating of "Moderate Buy" and a consensus target price of $209.97.

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.

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