DoorDash, Inc. (NASDAQ:DASH) Shares Acquired by GAMMA Investing LLC

GAMMA Investing LLC lifted its position in shares of DoorDash, Inc. (NASDAQ:DASH - Free Report) by 31,042.2% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 351,284 shares of the company's stock after acquiring an additional 350,156 shares during the quarter. GAMMA Investing LLC owned 0.08% of DoorDash worth $64,204,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the company. GeoWealth Management LLC grew its stake in shares of DoorDash by 3.7% during the 4th quarter. GeoWealth Management LLC now owns 1,428 shares of the company's stock worth $240,000 after purchasing an additional 51 shares during the period. IFP Advisors Inc boosted its stake in shares of DoorDash by 31.8% during the 4th quarter. IFP Advisors Inc now owns 224 shares of the company's stock worth $37,000 after acquiring an additional 54 shares in the last quarter. Avestar Capital LLC increased its stake in DoorDash by 1.1% in the 4th quarter. Avestar Capital LLC now owns 6,618 shares of the company's stock valued at $1,110,000 after purchasing an additional 75 shares in the last quarter. Coldstream Capital Management Inc. raised its holdings in DoorDash by 5.5% during the fourth 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 last quarter. Finally, Howard Capital Management Inc. grew its holdings in DoorDash by 5.1% in the fourth quarter. Howard Capital Management Inc. now owns 1,841 shares of the company's stock valued at $309,000 after purchasing an additional 90 shares during the last quarter. 90.64% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at DoorDash

In related news, insider Keith Yandell sold 5,410 shares of the business's stock in a transaction dated Friday, May 23rd. The stock was sold at an average price of $204.53, for a total value of $1,106,507.30. Following the transaction, the insider now 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 legal filing with the SEC, which can be accessed through this link. Also, General Counsel Tia Sherringham sold 7,546 shares of the firm's stock in a transaction that occurred on Friday, May 23rd. The shares were sold at an average price of $204.56, for a total value of $1,543,609.76. Following the sale, the general counsel now owns 129,514 shares of the company's stock, valued at approximately $26,493,383.84. This trade represents a 5.51% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 267,967 shares of company stock valued at $52,894,360 in the last ninety days. Insiders own 5.83% of the company's stock.

DoorDash Stock Performance

Shares of NASDAQ:DASH traded down $4.39 during mid-day trading on Thursday, hitting $215.84. 3,148,924 shares of the company traded hands, compared to its average volume of 4,210,622. The firm's 50 day simple moving average is $190.58 and its 200 day simple moving average is $185.78. The firm has a market cap of $91.46 billion, a P/E ratio of 799.40 and a beta of 1.67. DoorDash, Inc. has a 52-week low of $99.32 and a 52-week high of $221.56.

DoorDash (NASDAQ:DASH - Get Free Report) last posted its earnings results on Tuesday, May 6th. The company reported $0.44 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 for the quarter, compared to analysts' expectations of $3.10 billion. During the same period in the previous year, the company posted ($0.06) earnings per share. The business's revenue for the quarter was up 20.7% compared to the same quarter last year. Equities research analysts expect that DoorDash, Inc. will post 2.22 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts recently commented on the stock. Needham & Company LLC boosted their price objective on shares of DoorDash from $225.00 to $230.00 and gave the stock a "buy" rating in a research report on Wednesday, May 7th. UBS Group cut their price objective on DoorDash from $197.00 to $196.00 and set a "neutral" rating for the company in a research report on Wednesday, May 7th. 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 research report on Wednesday, February 12th. KeyCorp reduced their price objective on DoorDash from $240.00 to $230.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 15th. Finally, Cantor Fitzgerald reaffirmed an "overweight" rating and set a $210.00 price objective on shares of DoorDash in a research note on Wednesday, May 7th. Eleven investment analysts have rated the stock with a hold rating and twenty-four have assigned a buy rating to the company. Based on data from MarketBeat, DoorDash has a consensus rating of "Moderate Buy" and an average price target of $209.97.

About DoorDash

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.