K.J. Harrison & Partners Inc Acquires 4,000 Shares of DoorDash, Inc. (NASDAQ:DASH)

K.J. Harrison & Partners Inc increased its position in shares of DoorDash, Inc. (NASDAQ:DASH - Free Report) by 100.0% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,000 shares of the company's stock after acquiring an additional 4,000 shares during the quarter. K.J. Harrison & Partners Inc's holdings in DoorDash were worth $1,462,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in DASH. Brighton Jones LLC increased its stake in shares of DoorDash by 24.0% during the 4th quarter. Brighton Jones LLC now owns 9,336 shares of the company's stock worth $1,566,000 after purchasing an additional 1,807 shares during the last quarter. IFP Advisors Inc boosted its position in DoorDash by 31.8% during 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 period. Amalgamated Bank grew its stake in DoorDash by 3.4% in the 4th quarter. Amalgamated Bank now owns 23,103 shares of the company's stock valued at $3,876,000 after buying an additional 768 shares during the last quarter. Oppenheimer Asset Management Inc. boosted its holdings in DoorDash by 4.2% during the fourth quarter. Oppenheimer Asset Management Inc. now owns 6,140 shares of the company's stock valued at $1,030,000 after acquiring an additional 248 shares during the period. Finally, Proficio Capital Partners LLC acquired a new stake in shares of DoorDash in the fourth quarter valued at about $36,807,000. 90.64% of the stock is owned by hedge funds and other institutional investors.

DoorDash Trading Up 1.7%

DoorDash stock traded up $4.19 during mid-day trading on Monday, reaching $246.51. The company had a trading volume of 8,088,566 shares, compared to its average volume of 4,229,150. The business has a fifty day simple moving average of $206.04 and a 200 day simple moving average of $191.54. The company has a market cap of $104.46 billion, a P/E ratio of 320.15 and a beta of 1.67. DoorDash, Inc. has a fifty-two week low of $99.32 and a fifty-two week high of $247.78.

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

Insider Activity at DoorDash

In other DoorDash news, CEO Tony Xu sold 44,244 shares of the firm's stock in a transaction on Monday, June 16th. The shares were sold at an average price of $220.71, for a total value of $9,765,093.24. Following the completion of the sale, the chief executive officer directly owned 520,450 shares in the company, valued at approximately $114,868,519.50. This trade represents a 7.84% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Shona L. Brown sold 1,248 shares of the stock in a transaction dated Tuesday, June 24th. The stock was sold at an average price of $231.70, for a total transaction of $289,161.60. Following the transaction, the director directly owned 45,213 shares in the company, valued at $10,475,852.10. This trade represents a 2.69% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 313,552 shares of company stock worth $63,965,566. Corporate insiders own 5.83% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on DASH shares. Cantor Fitzgerald reaffirmed an "overweight" rating and issued a $260.00 target price (up previously from $210.00) on shares of DoorDash in a report on Wednesday, June 25th. DA Davidson boosted their target price on shares of DoorDash from $150.00 to $190.00 and gave the stock a "neutral" rating in a research report on Tuesday, May 6th. Wedbush reaffirmed an "outperform" rating on shares of DoorDash in a research report on Wednesday, May 7th. JMP Securities increased their target price on shares of DoorDash from $225.00 to $235.00 and gave the company a "market outperform" rating in a research note on Thursday, June 12th. Finally, Needham & Company LLC raised their price objective on DoorDash from $225.00 to $230.00 and gave the stock a "buy" rating in a research report on Wednesday, May 7th. Ten analysts have rated the stock with a hold rating, twenty-five have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, DoorDash currently has an average rating of "Moderate Buy" and a consensus target price of $216.09.

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.