DoorDash, Inc. (NASDAQ:DASH) Holdings Increased by Tidal Investments LLC

Tidal Investments LLC boosted its position in DoorDash, Inc. (NASDAQ:DASH - Free Report) by 74.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 21,447 shares of the company's stock after purchasing an additional 9,126 shares during the period. Tidal Investments LLC's holdings in DoorDash were worth $3,598,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. GeoWealth Management LLC raised its position in shares of DoorDash by 3.7% in the 4th quarter. GeoWealth Management LLC now owns 1,428 shares of the company's stock worth $240,000 after acquiring an additional 51 shares in the last quarter. IFP Advisors Inc raised its stake in shares of DoorDash by 31.8% in the fourth quarter. IFP Advisors Inc now owns 224 shares of the company's stock worth $37,000 after purchasing an additional 54 shares during the last quarter. MassMutual Private Wealth & Trust FSB raised its holdings in shares of DoorDash by 34.0% in the fourth 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 lifted its holdings in DoorDash by 1.1% during the fourth quarter. Avestar Capital LLC now owns 6,618 shares of the company's stock worth $1,110,000 after acquiring an additional 75 shares during the period. Finally, Coldstream Capital Management Inc. raised its stake in shares of DoorDash by 5.5% during the 4th quarter. Coldstream Capital Management Inc. now owns 1,661 shares of the company's stock worth $279,000 after purchasing an additional 86 shares during the period. 90.64% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at DoorDash

In other news, CFO Ravi Inukonda sold 1,425 shares of DoorDash stock in a transaction that occurred on Friday, April 25th. The stock was sold at an average price of $187.22, for a total transaction of $266,788.50. Following the sale, the chief financial officer now owns 337,430 shares of the company's stock, valued at approximately $63,173,644.60. The trade was a 0.42% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, COO Prabir Adarkar sold 20,000 shares of the stock in a transaction that occurred on Friday, March 28th. The stock was sold at an average price of $185.58, for a total value of $3,711,600.00. Following the completion of the transaction, the chief operating officer now directly owns 887,348 shares of the company's stock, valued at $164,674,041.84. This trade represents a 2.20% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 101,612 shares of company stock worth $18,808,326. Insiders own 5.83% of the company's stock.

DoorDash Stock Performance

Shares of NASDAQ:DASH traded up $5.28 during midday trading on Friday, hitting $206.15. 4,365,564 shares of the company's stock traded hands, compared to its average volume of 4,186,703. DoorDash, Inc. has a twelve month low of $99.32 and a twelve month high of $215.25. The firm's fifty day moving average price is $187.51 and its two-hundred day moving average price is $183.44. The company has a market cap of $87.35 billion, a PE ratio of 763.52 and a beta of 1.68.

DoorDash (NASDAQ:DASH - Get Free Report) last issued its quarterly earnings results on Tuesday, May 6th. The company reported $0.44 earnings per share (EPS) 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 analyst estimates of $3.10 billion. During the same quarter in the previous year, the firm earned ($0.06) earnings per share. The business's revenue was up 20.7% compared to the same quarter last year. As a group, equities research analysts anticipate that DoorDash, Inc. will post 2.22 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the company. The Goldman Sachs Group raised their price target on DoorDash from $192.00 to $212.00 and gave the stock a "neutral" rating in a report on Wednesday, February 12th. Citigroup restated an "outperform" rating on shares of DoorDash in a research report on Monday, April 28th. Morgan Stanley cut their target price on DoorDash from $245.00 to $210.00 and set an "overweight" rating on the stock in a research note on Thursday, April 17th. Roth Capital set a $191.00 target price on shares of DoorDash and gave the stock a "neutral" rating in a research report on Wednesday, May 7th. Finally, UBS Group reduced their price target on DoorDash from $197.00 to $196.00 and set a "neutral" rating for the company in a report on Wednesday, May 7th. Ten equities research analysts have rated the stock with a hold rating and twenty-five have issued a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $209.97.

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.