Harel Insurance Investments & Financial Services Ltd. Acquires 2,001 Shares of DoorDash, Inc. (NASDAQ:DASH)

Harel Insurance Investments & Financial Services Ltd. raised its position in shares of DoorDash, Inc. (NASDAQ:DASH - Free Report) by 488.0% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,411 shares of the company's stock after acquiring an additional 2,001 shares during the period. Harel Insurance Investments & Financial Services Ltd.'s holdings in DoorDash were worth $441,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. IFP Advisors Inc raised its holdings in DoorDash by 31.8% in the 4th quarter. IFP Advisors Inc now owns 224 shares of the company's stock valued at $37,000 after acquiring an additional 54 shares in the last quarter. ORG Partners LLC increased its holdings in DoorDash by 404.0% during the 1st quarter. ORG Partners LLC now owns 252 shares of the company's stock valued at $46,000 after purchasing an additional 202 shares in the last quarter. Rothschild Investment LLC raised its holdings in shares of DoorDash by 1,452.9% in the first quarter. Rothschild Investment LLC now owns 264 shares of the company's stock valued at $48,000 after buying an additional 247 shares during the last quarter. Mizuho Securities Co. Ltd. lifted its position in shares of DoorDash by 150.0% during the first quarter. Mizuho Securities Co. Ltd. now owns 300 shares of the company's stock worth $55,000 after purchasing an additional 180 shares in the last quarter. Finally, Washington Trust Advisors Inc. bought a new position in DoorDash in the 1st quarter valued at $56,000. Institutional investors and hedge funds own 90.64% of the company's stock.

DoorDash Stock Down 0.0%

Shares of DASH traded down $0.05 during trading hours on Friday, hitting $238.76. 1,699,692 shares of the company were exchanged, compared to its average volume of 4,237,419. The firm's fifty day moving average is $211.96 and its 200 day moving average is $193.51. The company has a market cap of $101.17 billion, a price-to-earnings ratio of 310.08 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 announced its quarterly earnings data on Tuesday, May 6th. The company reported $0.44 EPS for the quarter, beating the consensus estimate of $0.39 by $0.05. The business had revenue of $3.03 billion during the quarter, compared to the consensus estimate of $3.10 billion. DoorDash had a net margin of 3.02% and a return on equity of 4.39%. The company's revenue was up 20.7% on a year-over-year basis. During the same period in the previous year, the business earned ($0.06) earnings per share. Analysts anticipate that DoorDash, Inc. will post 2.22 EPS for the current year.

Insider Activity at DoorDash

In related news, COO Prabir Adarkar sold 62,267 shares of DoorDash stock in a transaction that occurred on Friday, May 23rd. The shares were sold at an average price of $202.67, for a total transaction of $12,619,652.89. Following the sale, the chief operating officer directly owned 942,554 shares of the company's stock, valued at approximately $191,027,419.18. The trade was a 6.20% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, 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 transaction of $10,929,732.90. Following the completion of the sale, the director owned 26,070 shares in the company, valued at $6,274,788.30. This represents a 63.53% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 427,781 shares of company stock worth $94,277,848 in the last three months. Insiders own 5.83% of the company's stock.

Wall Street Analysts Forecast Growth

DASH has been the subject of several analyst reports. JPMorgan Chase & Co. lowered their price target on shares of DoorDash from $205.00 to $175.00 and set a "neutral" rating for the company in a research report on Tuesday, April 8th. Cantor Fitzgerald restated an "overweight" rating and set a $260.00 target price (up from $210.00) on shares of DoorDash in a report on Wednesday, June 25th. Roth Capital set a $191.00 price target on DoorDash and gave the company a "neutral" rating in a report on Wednesday, May 7th. FBN Securities started coverage on shares of DoorDash in a research report on Friday, March 28th. They set an "outperform" rating and a $230.00 price target on the stock. Finally, Wall Street Zen upgraded DoorDash from a "hold" rating to a "buy" rating in a research note on Saturday, June 7th. Ten analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $219.32.

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.