252,067 Shares in DoorDash, Inc. (NASDAQ:DASH) Purchased by Whitebark Investors LP

Whitebark Investors LP acquired a new stake in DoorDash, Inc. (NASDAQ:DASH - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 252,067 shares of the company's stock, valued at approximately $42,284,000. DoorDash makes up approximately 19.6% of Whitebark Investors LP's portfolio, making the stock its 2nd biggest holding. Whitebark Investors LP owned about 0.06% of DoorDash as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Swedbank AB boosted its position in DoorDash by 3.3% in the 4th quarter. Swedbank AB now owns 171,055 shares of the company's stock valued at $28,694,000 after buying an additional 5,539 shares during the last quarter. LVW Advisors LLC acquired a new position in shares of DoorDash during the fourth quarter valued at $236,000. Flagship Harbor Advisors LLC bought a new position in DoorDash in the fourth quarter valued at about $240,000. Merit Financial Group LLC bought a new position in DoorDash in the fourth quarter valued at about $503,000. Finally, Forsta AP Fonden increased its position in DoorDash by 22.8% in the fourth quarter. Forsta AP Fonden now owns 79,200 shares of the company's stock worth $13,286,000 after purchasing an additional 14,700 shares during the period. Institutional investors and hedge funds own 90.64% of the company's stock.

DoorDash Price Performance

Shares of NASDAQ:DASH opened at $202.18 on Tuesday. The company's 50-day moving average price is $186.32 and its two-hundred day moving average price is $182.84. DoorDash, Inc. has a one year low of $99.32 and a one year high of $215.25. The stock has a market capitalization of $85.67 billion, a PE ratio of 748.81 and a beta of 1.68.

DoorDash (NASDAQ:DASH - Get Free Report) last released its earnings results 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 business had revenue of $3.03 billion for the quarter, compared to analyst estimates of $3.10 billion. During the same quarter in the prior year, the company posted ($0.06) earnings per share. DoorDash's revenue was up 20.7% on a year-over-year basis. On average, analysts anticipate that DoorDash, Inc. will post 2.22 earnings per share for the current fiscal year.

Insider Transactions at DoorDash

In related news, General Counsel Tia Sherringham sold 12,088 shares of DoorDash stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $203.45, for a total transaction of $2,459,303.60. Following the completion of the transaction, the general counsel now owns 122,135 shares in the company, valued at approximately $24,848,365.75. This trade represents a 9.01% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Andy Fang sold 1,398 shares of the company's 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 $284,423.10. Following the completion of the sale, the director now owns 14,778 shares in the company, valued at $3,006,584.10. This represents a 8.64% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 158,573 shares of company stock worth $30,407,073 in the last 90 days. Corporate insiders own 5.83% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the stock. Wells Fargo & Company reduced their price objective on shares of DoorDash from $201.00 to $198.00 and set an "equal weight" rating on the stock in a research note on Wednesday, May 7th. Evercore ISI restated an "outperform" rating on shares of DoorDash in a research report on Monday, March 10th. Mizuho lifted their price objective on DoorDash from $200.00 to $222.00 and gave the stock an "outperform" rating in a research note on Wednesday, February 12th. Truist Financial increased their target price on DoorDash from $217.00 to $235.00 and gave the company a "buy" rating in a research note on Wednesday, February 12th. Finally, Benchmark raised their target price on DoorDash from $220.00 to $225.00 and gave the stock a "buy" rating in a report on Wednesday, May 7th. Ten research 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.com, DoorDash presently has an average rating of "Moderate Buy" and an average target price of $209.97.

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.

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