Emerald Advisers LLC Buys 3,329 Shares of DoorDash, Inc. (NASDAQ:DASH)

Emerald Advisers LLC grew its holdings in DoorDash, Inc. (NASDAQ:DASH - Free Report) by 155.8% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 5,466 shares of the company's stock after acquiring an additional 3,329 shares during the quarter. Emerald Advisers LLC's holdings in DoorDash were worth $999,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the business. Vanguard Group Inc. increased its holdings in DoorDash by 1.0% during the 4th quarter. Vanguard Group Inc. now owns 31,323,404 shares of the company's stock worth $5,254,501,000 after purchasing an additional 317,502 shares in the last quarter. Capital World Investors raised its position in DoorDash by 26.4% in the 4th quarter. Capital World Investors now owns 12,153,265 shares of the company's stock valued at $2,038,712,000 after buying an additional 2,538,160 shares during the last quarter. Franklin Resources Inc. raised its position in DoorDash by 25.0% in the 4th quarter. Franklin Resources Inc. now owns 4,749,810 shares of the company's stock valued at $796,781,000 after buying an additional 949,414 shares during the last quarter. Arrowstreet Capital Limited Partnership lifted its stake in DoorDash by 67.1% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 4,654,891 shares of the company's stock valued at $780,858,000 after acquiring an additional 1,869,866 shares in the last quarter. Finally, Geode Capital Management LLC grew its stake in shares of DoorDash by 1.9% during the 4th quarter. Geode Capital Management LLC now owns 4,558,821 shares of the company's stock worth $763,198,000 after acquiring an additional 86,667 shares in the last quarter. Institutional investors own 90.64% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the stock. Roth Capital boosted their price objective on shares of DoorDash from $191.00 to $225.00 and gave the stock a "neutral" rating in a research report on Monday. 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. Stifel Nicolaus set a $198.00 price objective on DoorDash and gave the company a "hold" rating in a report on Tuesday, June 10th. Cantor Fitzgerald reiterated an "overweight" rating and set a $260.00 target price (up previously from $210.00) on shares of DoorDash in a report on Wednesday, June 25th. Finally, Benchmark increased their price target on DoorDash from $220.00 to $225.00 and gave the company a "buy" rating in a research report on Wednesday, May 7th. Ten equities research 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. According to MarketBeat, DoorDash currently has an average rating of "Moderate Buy" and a consensus price target of $223.44.

DoorDash Trading Up 1.0%

DoorDash stock traded up $2.41 during mid-day trading on Monday, reaching $242.85. The company had a trading volume of 2,600,492 shares, compared to its average volume of 4,989,945. The business has a fifty day simple moving average of $216.76 and a 200 day simple moving average of $196.39. The company has a market cap of $102.91 billion, a P/E ratio of 315.39 and a beta of 1.70. DoorDash, Inc. has a fifty-two week low of $99.32 and a fifty-two week high of $248.74.

DoorDash (NASDAQ:DASH - Get Free Report) last released its quarterly earnings data on Tuesday, May 6th. The company reported $0.44 earnings per share 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 company had revenue of $3.03 billion for the quarter, compared to the consensus estimate of $3.10 billion. During the same quarter last year, the business posted ($0.06) EPS. DoorDash's revenue for the quarter was up 20.7% on a year-over-year basis. Research analysts forecast that DoorDash, Inc. will post 2.22 EPS for the current year.

Insider Activity

In related news, Director Stanley Tang sold 45,410 shares of the firm's stock in a transaction that occurred on Tuesday, July 1st. The shares were sold at an average price of $240.69, for a total value of $10,929,732.90. Following the completion of the transaction, the director owned 26,070 shares in the company, valued at $6,274,788.30. This trade represents a 63.53% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Ravi Inukonda sold 20,000 shares of the business's stock in a transaction that occurred on Monday, June 30th. The stock was sold at an average price of $247.00, for a total transaction of $4,940,000.00. Following the sale, the chief financial officer directly owned 245,530 shares in the company, valued at $60,645,910. The trade was a 7.53% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 429,031 shares of company stock valued at $94,584,086. 5.83% of the stock is currently 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.