3,518 Shares in DoorDash, Inc. (NASDAQ:DASH) Acquired by NorthCrest Asset Manangement LLC

NorthCrest Asset Manangement LLC bought a new position in shares of DoorDash, Inc. (NASDAQ:DASH - Free Report) during the 1st quarter, according to its most recent disclosure with the SEC. The fund bought 3,518 shares of the company's stock, valued at approximately $643,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Brighton Jones LLC boosted its holdings in DoorDash by 24.0% in the fourth quarter. Brighton Jones LLC now owns 9,336 shares of the company's stock valued at $1,566,000 after acquiring an additional 1,807 shares during the last quarter. Principal Financial Group Inc. boosted its stake in shares of DoorDash by 2.9% in the 4th quarter. Principal Financial Group Inc. now owns 93,382 shares of the company's stock valued at $15,665,000 after purchasing an additional 2,596 shares during the last quarter. Jones Financial Companies Lllp boosted its stake in shares of DoorDash by 36.2% in the 4th quarter. Jones Financial Companies Lllp now owns 1,926 shares of the company's stock valued at $323,000 after purchasing an additional 512 shares during the last quarter. Truist Financial Corp increased its position in shares of DoorDash by 35.1% during the fourth quarter. Truist Financial Corp now owns 8,597 shares of the company's stock worth $1,442,000 after buying an additional 2,233 shares during the period. Finally, Allworth Financial LP raised its stake in DoorDash by 26.9% during the fourth quarter. Allworth Financial LP now owns 840 shares of the company's stock worth $149,000 after buying an additional 178 shares during the last quarter. Institutional investors and hedge funds own 90.64% of the company's stock.

Wall Street Analyst Weigh In

DASH has been the topic of a number of research analyst reports. BMO Capital Markets reaffirmed an "outperform" rating on shares of DoorDash in a research report on Tuesday, April 29th. JMP Securities raised their target price on DoorDash from $225.00 to $235.00 and gave the stock a "market outperform" rating in a research note on Thursday, June 12th. Morgan Stanley lowered their target price on DoorDash from $245.00 to $210.00 and set an "overweight" rating for the company in a report on Thursday, April 17th. KeyCorp lowered their price objective 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. Finally, UBS Group cut their target price on shares of DoorDash from $197.00 to $196.00 and set a "neutral" rating on the stock in a research note on Wednesday, May 7th. Eleven equities research analysts have rated the stock with a hold rating and twenty-five have issued a buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $210.21.

Insider Activity

In related news, Director Andy Fang sold 30,000 shares of the stock in a transaction that occurred on Thursday, June 5th. The stock was sold at an average price of $217.52, for a total value of $6,525,600.00. Following the completion of the sale, the director now owns 22,545 shares of the company's stock, valued at approximately $4,903,988.40. This trade represents a 57.09% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Tony Xu sold 44,244 shares of the firm's stock in a transaction dated Monday, June 16th. The stock was sold at an average price of $220.71, for a total transaction of $9,765,093.24. Following the sale, the chief executive officer now owns 520,450 shares of the company's stock, valued at approximately $114,868,519.50. The trade was a 7.84% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 342,274 shares of company stock worth $69,198,499 in the last ninety days. Company insiders own 5.83% of the company's stock.

DoorDash Stock Up 0.6%

Shares of DASH traded up $1.34 during trading hours on Wednesday, reaching $220.73. 2,962,453 shares of the company traded hands, compared to its average volume of 4,209,788. The business has a fifty day moving average price of $198.24 and a 200-day moving average price of $188.42. The stock has a market capitalization of $93.53 billion, a P/E ratio of 286.48 and a beta of 1.67. DoorDash, Inc. has a 12-month low of $99.32 and a 12-month high of $223.29.

DoorDash (NASDAQ:DASH - Get Free Report) last announced its quarterly earnings results on Tuesday, May 6th. The company reported $0.44 earnings per share for the quarter, beating the consensus estimate of $0.39 by $0.05. DoorDash had a return on equity of 4.39% and a net margin of 3.02%. The company had revenue of $3.03 billion during the quarter, compared to analysts' expectations of $3.10 billion. During the same period last year, the business earned ($0.06) earnings per share. DoorDash's quarterly revenue was up 20.7% on a year-over-year basis. As a group, research analysts predict that DoorDash, Inc. will post 2.22 EPS for the current fiscal year.

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.