Summit Trail Advisors LLC Increases Stock Holdings in DoorDash, Inc. (NASDAQ:DASH)

Summit Trail Advisors LLC boosted its holdings in DoorDash, Inc. (NASDAQ:DASH - Free Report) by 13.6% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 46,835 shares of the company's stock after buying an additional 5,618 shares during the quarter. Summit Trail Advisors LLC's holdings in DoorDash were worth $8,560,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. IFP Advisors Inc raised its stake in shares of DoorDash by 31.8% during the fourth quarter. IFP Advisors Inc now owns 224 shares of the company's stock valued at $37,000 after acquiring an additional 54 shares during the last quarter. ORG Partners LLC raised its position in DoorDash by 404.0% during the 1st quarter. ORG Partners LLC now owns 252 shares of the company's stock worth $46,000 after purchasing an additional 202 shares during the last quarter. Rothschild Investment LLC raised its position in DoorDash by 1,452.9% during the 1st quarter. Rothschild Investment LLC now owns 264 shares of the company's stock worth $48,000 after purchasing an additional 247 shares during the last quarter. Mizuho Securities Co. Ltd. lifted its holdings in DoorDash by 150.0% during the 1st quarter. Mizuho Securities Co. Ltd. now owns 300 shares of the company's stock worth $55,000 after buying an additional 180 shares during the period. Finally, Washington Trust Advisors Inc. bought a new stake in shares of DoorDash in the 1st quarter valued at about $56,000. 90.64% of the stock is currently owned by institutional investors and hedge funds.

DoorDash Price Performance

Shares of NASDAQ DASH traded down $8.50 during mid-day trading on Tuesday, reaching $238.01. 5,776,716 shares of the company's stock were exchanged, compared to its average volume of 4,235,951. The firm has a 50-day moving average price of $207.54 and a two-hundred day moving average price of $192.03. The firm has a market capitalization of $100.85 billion, a price-to-earnings ratio of 309.11 and a beta of 1.67. DoorDash, Inc. has a 52 week low of $99.32 and a 52 week high of $248.68.

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

Insiders Place Their Bets

In other DoorDash news, Director Andy Fang sold 30,000 shares of the company's stock in a transaction dated Thursday, June 5th. The shares were sold at an average price of $217.52, for a total transaction of $6,525,600.00. Following the sale, the director directly owned 22,545 shares of the company's stock, valued at $4,903,988.40. This represents a 57.09% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, COO Prabir Adarkar sold 62,267 shares of DoorDash stock in a transaction dated Friday, May 23rd. The stock was sold at an average price of $202.67, for a total transaction of $12,619,652.89. Following the completion of the transaction, the chief operating officer owned 942,554 shares of the company's stock, valued at $191,027,419.18. The trade was a 6.20% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 298,142 shares of company stock valued at $62,950,920 in the last quarter. 5.83% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on DASH shares. Raymond James Financial upgraded DoorDash from an "outperform" rating to a "strong-buy" rating and raised their price objective for the stock from $215.00 to $260.00 in a research report on Monday, June 23rd. Royal Bank Of Canada restated an "outperform" rating and set a $230.00 price target on shares of DoorDash in a report on Wednesday, May 7th. JPMorgan Chase & Co. reduced their price objective on shares of DoorDash from $205.00 to $175.00 and set a "neutral" rating on the stock in a research note on Tuesday, April 8th. DA Davidson lifted their target price on shares of DoorDash from $150.00 to $190.00 and gave the stock a "neutral" rating in a research note on Tuesday, May 6th. Finally, Evercore ISI reaffirmed an "outperform" rating on shares of DoorDash in a research report on Monday, March 10th. Ten investment analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price 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.