DoorDash, Inc. (NASDAQ:DASH) Shares Acquired by Cerity Partners LLC

Cerity Partners LLC boosted its position in DoorDash, Inc. (NASDAQ:DASH - Free Report) by 27.2% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 105,771 shares of the company's stock after purchasing an additional 22,588 shares during the quarter. Cerity Partners LLC's holdings in DoorDash were worth $19,332,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Brighton Jones LLC grew its holdings in DoorDash by 24.0% in the 4th quarter. Brighton Jones LLC now owns 9,336 shares of the company's stock valued at $1,566,000 after buying an additional 1,807 shares in the last quarter. Steward Partners Investment Advisory LLC grew its holdings in DoorDash by 66.3% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 1,242 shares of the company's stock valued at $208,000 after buying an additional 495 shares in the last quarter. Proficio Capital Partners LLC purchased a new stake in DoorDash in the 4th quarter valued at $219,000. Independent Advisor Alliance purchased a new stake in DoorDash in the 4th quarter valued at $390,000. Finally, Sequoia Financial Advisors LLC grew its holdings in DoorDash by 24.6% in the 4th quarter. Sequoia Financial Advisors LLC now owns 4,961 shares of the company's stock valued at $832,000 after buying an additional 981 shares in the last quarter. 90.64% of the stock is owned by institutional investors and hedge funds.

DoorDash Trading Down 2.5%

NASDAQ DASH traded down $6.08 on Tuesday, hitting $236.77. 3,484,082 shares of the stock traded hands, compared to its average volume of 4,231,088. The stock has a 50-day moving average of $216.76 and a 200 day moving average of $196.39. DoorDash, Inc. has a twelve month low of $99.32 and a twelve month high of $248.74. The company has a market capitalization of $100.33 billion, a P/E ratio of 307.50 and a beta of 1.70.

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 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 firm had revenue of $3.03 billion for the quarter, compared to analysts' expectations of $3.10 billion. During the same quarter in the prior year, the firm posted ($0.06) earnings per share. DoorDash's revenue for the quarter was up 20.7% compared to the same quarter last year. As a group, equities research analysts expect that DoorDash, Inc. will post 2.22 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the company. BMO Capital Markets restated an "outperform" rating on shares of DoorDash in a report on Tuesday, April 29th. BTIG Research increased their price target on DoorDash from $225.00 to $265.00 and gave the stock a "buy" rating in a report on Tuesday, July 1st. Raymond James Financial upgraded DoorDash from an "outperform" rating to a "strong-buy" rating and increased their price target for the stock from $215.00 to $260.00 in a report on Monday, June 23rd. Cantor Fitzgerald reiterated an "overweight" rating and set a $260.00 price target (up from $210.00) on shares of DoorDash in a report on Wednesday, June 25th. Finally, KeyCorp increased their price target on DoorDash from $235.00 to $295.00 and gave the stock an "overweight" rating in a report on Monday. Eleven equities 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 stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $225.94.

Insider Activity

In other news, Director Shona L. Brown sold 1,250 shares of the stock in a transaction that occurred on Wednesday, July 9th. The stock was sold at an average price of $244.99, for a total transaction of $306,237.50. Following the sale, the director directly owned 44,302 shares in the company, valued at approximately $10,853,546.98. This represents a 2.74% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Andy Fang sold 30,000 shares of the stock in a transaction that occurred on Tuesday, July 1st. The stock was sold at an average price of $240.66, for a total value of $7,219,800.00. Following the sale, the director owned 22,545 shares in the company, valued at $5,425,679.70. The trade was a 57.09% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 429,031 shares of company stock valued at $94,584,086 over the last three months. Company insiders own 5.83% of the company's stock.

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.