Alta Advisers Ltd Buys Shares of 1,817 DoorDash, Inc. (NASDAQ:DASH)

Alta Advisers Ltd purchased a new stake in shares of DoorDash, Inc. (NASDAQ:DASH - Free Report) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 1,817 shares of the company's stock, valued at approximately $332,000.

A number of other hedge funds also recently bought and sold shares of DASH. Vanguard Group Inc. increased its position in DoorDash by 1.0% during the fourth quarter. Vanguard Group Inc. now owns 31,323,404 shares of the company's stock worth $5,254,501,000 after acquiring an additional 317,502 shares during the period. Capital World Investors grew its position in DoorDash by 26.4% in 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. increased its holdings 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 worth $796,781,000 after purchasing an additional 949,414 shares during the period. Arrowstreet Capital Limited Partnership raised 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 valued at $780,858,000 after buying an additional 1,869,866 shares during the last quarter. Finally, Geode Capital Management LLC lifted its stake in shares of 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 buying an additional 86,667 shares during the period. 90.64% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, Director Stanley Tang sold 45,410 shares of the company's stock in a transaction dated Tuesday, July 1st. The stock was sold at an average price of $240.69, for a total value of $10,929,732.90. Following the completion of the sale, the director directly owned 26,070 shares of the company's stock, valued at $6,274,788.30. This represents a 63.53% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, COO Prabir Adarkar sold 62,267 shares of the stock in a transaction that occurred 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 completion of the sale, the chief operating officer owned 942,554 shares in the company, valued at $191,027,419.18. This represents a 6.20% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 427,781 shares of company stock worth $94,277,848 over the last three months. Insiders own 5.83% of the company's stock.

DoorDash Stock Down 0.0%

NASDAQ:DASH traded down $0.05 during trading hours on Thursday, hitting $238.76. 1,699,692 shares of the stock were exchanged, compared to its average volume of 4,237,419. The company's 50 day moving average is $210.94 and its two-hundred day moving average is $193.08. The company has a market capitalization of $101.17 billion, a P/E ratio of 310.08 and a beta of 1.70. DoorDash, Inc. has a twelve month low of $99.32 and a twelve month high of $248.74.

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

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the company. JPMorgan Chase & Co. lowered their price target on DoorDash from $205.00 to $175.00 and set a "neutral" rating on the stock in a research note on Tuesday, April 8th. Evercore ISI restated an "outperform" rating on shares of DoorDash in a research report on Monday, March 10th. KeyCorp reduced their target price on DoorDash from $240.00 to $230.00 and set an "overweight" rating for the company in a research report on Tuesday, April 15th. JMP Securities lifted their price target on shares of DoorDash from $225.00 to $235.00 and gave the stock a "market outperform" rating in a research note on Thursday, June 12th. Finally, UBS Group dropped their price objective on shares of DoorDash from $197.00 to $196.00 and set a "neutral" rating for the company in a research note on Wednesday, May 7th. Ten analysts have rated the stock with a hold rating, twenty-five have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, DoorDash currently has an average rating of "Moderate Buy" and an average price target of $219.32.

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.