Cache Advisors LLC Makes New $1.95 Million Investment in DoorDash, Inc. (NASDAQ:DASH)

Cache Advisors LLC bought a new position in DoorDash, Inc. (NASDAQ:DASH - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm bought 11,605 shares of the company's stock, valued at approximately $1,947,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in DASH. GeoWealth Management LLC increased its holdings in DoorDash by 3.7% in the 4th quarter. GeoWealth Management LLC now owns 1,428 shares of the company's stock valued at $240,000 after purchasing an additional 51 shares during the last quarter. IFP Advisors Inc increased its holdings in DoorDash by 31.8% in the 4th quarter. IFP Advisors Inc now owns 224 shares of the company's stock valued at $37,000 after purchasing an additional 54 shares during the last quarter. MassMutual Private Wealth & Trust FSB increased its holdings in DoorDash by 34.0% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 272 shares of the company's stock valued at $46,000 after purchasing an additional 69 shares during the last quarter. Avestar Capital LLC increased its holdings in DoorDash by 1.1% in the 4th quarter. Avestar Capital LLC now owns 6,618 shares of the company's stock valued at $1,110,000 after purchasing an additional 75 shares during the last quarter. Finally, Coldstream Capital Management Inc. increased its holdings in DoorDash by 5.5% in the 4th quarter. Coldstream Capital Management Inc. now owns 1,661 shares of the company's stock valued at $279,000 after purchasing an additional 86 shares during the last quarter. Institutional investors and hedge funds own 90.64% of the company's stock.

DoorDash Price Performance

DoorDash stock traded down $1.66 during mid-day trading on Thursday, reaching $204.93. The company had a trading volume of 1,854,017 shares, compared to its average volume of 4,200,431. DoorDash, Inc. has a 1 year low of $99.32 and a 1 year high of $215.25. The company has a market capitalization of $86.84 billion, a P/E ratio of 758.81 and a beta of 1.68. The stock's 50-day simple moving average is $188.79 and its 200-day simple moving average is $184.49.

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

Insider Buying and Selling

In related news, insider Keith Yandell sold 5,410 shares of DoorDash stock in a transaction that occurred on Friday, May 23rd. The stock was sold at an average price of $204.53, for a total transaction of $1,106,507.30. Following the completion of the transaction, the insider now directly owns 104,922 shares in the company, valued at $21,459,696.66. The trade was a 4.90% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Ravi Inukonda sold 14,715 shares of DoorDash stock in a transaction that occurred on Monday, March 24th. The stock was sold at an average price of $196.52, for a total value of $2,891,791.80. Following the transaction, the chief financial officer now owns 338,055 shares of the company's stock, valued at $66,434,568.60. This represents a 4.17% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 208,440 shares of company stock worth $40,395,936 in the last ninety days. Insiders own 5.83% of the company's stock.

Wall Street Analyst Weigh In

Several analysts recently weighed in on DASH shares. Morgan Stanley dropped their target price 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. Wells Fargo & Company dropped their target price on shares of DoorDash from $201.00 to $198.00 and set an "equal weight" rating for the company in a report on Wednesday, May 7th. Benchmark boosted their price target on shares of DoorDash from $220.00 to $225.00 and gave the stock a "buy" rating in a research note on Wednesday, May 7th. Royal Bank of Canada restated an "outperform" rating and issued a $230.00 price target on shares of DoorDash in a research note on Wednesday, May 7th. Finally, Bank of America dropped their price target on shares of DoorDash from $245.00 to $235.00 and set a "buy" rating for the company in a research note on Monday, April 7th. Ten investment analysts have rated the stock with a hold rating and twenty-five have issued a buy rating to the stock. According to data from MarketBeat.com, DoorDash currently has an average rating of "Moderate Buy" and a consensus price target of $209.97.

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.