Cache Advisors LLC Purchases Shares of 11,605 DoorDash, Inc. (NASDAQ:DASH)

Cache Advisors LLC bought a new position in DoorDash, Inc. (NASDAQ:DASH - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 11,605 shares of the company's stock, valued at approximately $1,947,000.

Several other hedge funds also recently made changes to their positions in the company. GF Fund Management CO. LTD. acquired a new stake in shares of DoorDash in the 4th quarter worth $12,367,000. Vise Technologies Inc. lifted its stake in shares of DoorDash by 23.5% in the 4th quarter. Vise Technologies Inc. now owns 2,041 shares of the company's stock worth $342,000 after acquiring an additional 388 shares during the period. Pinkerton Retirement Specialists LLC acquired a new stake in shares of DoorDash in the 4th quarter worth $314,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in shares of DoorDash by 46.7% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,515,861 shares of the company's stock worth $422,036,000 after acquiring an additional 800,322 shares during the period. Finally, Voloridge Investment Management LLC lifted its stake in shares of DoorDash by 2,183.2% in the fourth quarter. Voloridge Investment Management LLC now owns 816,881 shares of the company's stock valued at $137,032,000 after purchasing an additional 781,103 shares during the period. Institutional investors and hedge funds own 90.64% of the company's stock.

Wall Street Analysts Forecast Growth

DASH has been the subject of several recent analyst reports. Roth Mkm raised their price objective on shares of DoorDash from $165.00 to $193.00 and gave the company a "neutral" rating in a research note on Wednesday, February 12th. Benchmark raised their price objective on shares of DoorDash from $220.00 to $225.00 and gave the company a "buy" rating in a research note on Wednesday, May 7th. Royal Bank of Canada reiterated an "outperform" rating and issued a $230.00 price objective on shares of DoorDash in a research note on Wednesday, May 7th. Morgan Stanley reduced their price objective on shares of DoorDash from $245.00 to $210.00 and set an "overweight" rating for the company in a research note on Thursday, April 17th. Finally, KeyCorp reduced 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. Ten analysts have rated the stock with a hold rating and twenty-five have issued a buy rating to the stock. Based on data from MarketBeat.com, DoorDash has an average rating of "Moderate Buy" and a consensus target price of $209.97.

DoorDash Trading Up 0.8%

Shares of NASDAQ DASH traded up $1.70 during midday trading on Wednesday, reaching $206.59. 6,592,838 shares of the stock were exchanged, compared to its average volume of 4,206,429. The company has a market capitalization of $87.54 billion, a P/E ratio of 765.15 and a beta of 1.68. DoorDash, Inc. has a 52-week low of $99.32 and a 52-week high of $215.25. The stock has a 50 day moving average price of $188.48 and a 200-day moving average price of $184.34.

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, beating 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 firm had revenue of $3.03 billion during the quarter, compared to the consensus estimate of $3.10 billion. During the same period in the previous year, the firm earned ($0.06) earnings per share. DoorDash's revenue was up 20.7% compared to the same quarter last year. On average, analysts forecast that DoorDash, Inc. will post 2.22 earnings per share for the current year.

Insider Activity at DoorDash

In related news, insider Keith Yandell sold 5,410 shares of the business's stock in a transaction that occurred on Friday, May 23rd. The shares were sold at an average price of $204.53, for a total value of $1,106,507.30. Following the completion of the sale, the insider now directly owns 104,922 shares in the company, valued at approximately $21,459,696.66. The trade was a 4.90% 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 the SEC website. Also, COO Prabir Adarkar sold 62,267 shares of the business's 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 now owns 942,554 shares of the company's stock, valued at approximately $191,027,419.18. The trade was a 6.20% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 176,835 shares of company stock worth $34,078,096. 5.83% of the stock is owned by company insiders.

DoorDash Company 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.