6,539 Shares in DoorDash, Inc. (NASDAQ:DASH) Acquired by Paragon Capital Management Inc.

Paragon Capital Management Inc. acquired a new stake in DoorDash, Inc. (NASDAQ:DASH - Free Report) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 6,539 shares of the company's stock, valued at approximately $1,195,000.

Other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. boosted its stake in shares of DoorDash by 1.0% in the fourth quarter. Vanguard Group Inc. now owns 31,323,404 shares of the company's stock valued at $5,254,501,000 after purchasing an additional 317,502 shares during the period. Capital World Investors increased its holdings in DoorDash by 26.4% during the 4th quarter. Capital World Investors now owns 12,153,265 shares of the company's stock worth $2,038,712,000 after purchasing an additional 2,538,160 shares during the last quarter. Franklin Resources Inc. boosted its stake in shares of DoorDash by 25.0% during the 4th quarter. Franklin Resources Inc. now owns 4,749,810 shares of the company's stock valued at $796,781,000 after buying an additional 949,414 shares during the last quarter. Arrowstreet Capital Limited Partnership grew its position in shares of DoorDash by 67.1% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 4,654,891 shares of the company's stock worth $780,858,000 after buying an additional 1,869,866 shares in the last quarter. Finally, Geode Capital Management LLC raised its holdings in DoorDash by 1.9% in the fourth quarter. Geode Capital Management LLC now owns 4,558,821 shares of the company's stock valued at $763,198,000 after acquiring an additional 86,667 shares in the last quarter. 90.64% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the stock. Wedbush reaffirmed an "outperform" rating on shares of DoorDash in a research report on Wednesday, May 7th. Oppenheimer reaffirmed a "hold" rating on shares of DoorDash in a report on Monday, March 10th. DA Davidson boosted their price target on DoorDash from $150.00 to $190.00 and gave the company a "neutral" rating in a report on Tuesday, May 6th. UBS Group dropped their price target on DoorDash from $197.00 to $196.00 and set a "neutral" rating on the stock in a research report on Wednesday, May 7th. Finally, Morgan Stanley decreased their price objective on shares of DoorDash from $245.00 to $210.00 and set an "overweight" rating for the company in a report on Thursday, April 17th. Eleven research analysts have rated the stock with a hold rating, twenty-four have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $214.76.

DoorDash Trading Up 3.0%

NASDAQ:DASH opened at $239.64 on Friday. The company has a 50-day moving average of $204.82 and a 200-day moving average of $190.85. The firm has a market cap of $101.55 billion, a price-to-earnings ratio of 311.22 and a beta of 1.67. DoorDash, Inc. has a twelve month low of $99.32 and a twelve month high of $241.00.

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

Insider Transactions at DoorDash

In related news, Director Shona L. Brown sold 825 shares of the firm's stock in a transaction that occurred on Monday, June 23rd. The shares were sold at an average price of $230.00, for a total value of $189,750.00. Following the completion of the transaction, the director now owns 46,461 shares of the company's stock, valued at approximately $10,686,030. This trade represents a 1.74% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, COO Prabir Adarkar sold 62,267 shares of the business's stock in a transaction on Friday, May 23rd. The shares were sold at an average price of $202.67, for a total transaction of $12,619,652.89. Following the sale, the chief operating officer now directly owns 942,554 shares in the company, valued at approximately $191,027,419.18. This trade represents a 6.20% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 313,552 shares of company stock valued at $63,965,566 in the last three months. 5.83% of the stock is currently owned by corporate insiders.

DoorDash 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.