Monetta Financial Services Inc. Buys Shares of 4,500 DoorDash, Inc. (NASDAQ:DASH)

Key Points

• Monetta Financial Services Inc. has taken a new position in DoorDash, investing approximately $822,000 for 4,500 shares during the first quarter.
• Several major hedge funds have increased their stakes in DoorDash, with institutional investors owning 90.64% of the company's stock.
• Wall Street analysts have set a consensus price target of $235.56 for DoorDash, with a majority rating it as a "Moderate Buy."

Monetta Financial Services Inc. acquired a new position in DoorDash, Inc. (NASDAQ:DASH - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 4,500 shares of the company's stock, valued at approximately $822,000.

Several other large investors have also added to or reduced their stakes in the company. GeoWealth Management LLC lifted its holdings in shares of DoorDash by 3.7% in the fourth quarter. GeoWealth Management LLC now owns 1,428 shares of the company's stock worth $240,000 after buying an additional 51 shares in the last quarter. Harbour Investments Inc. grew its holdings in shares of DoorDash by 55.6% in the first quarter. Harbour Investments Inc. now owns 196 shares of the company's stock worth $36,000 after purchasing an additional 70 shares during the last quarter. Coldstream Capital Management Inc. grew its holdings in shares of DoorDash by 5.5% in 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. LVW Advisors LLC lifted its stake in DoorDash by 6.1% in the first quarter. LVW Advisors LLC now owns 1,495 shares of the company's stock worth $273,000 after acquiring an additional 86 shares during the period. Finally, CVA Family Office LLC lifted its stake in DoorDash by 12.7% in the first quarter. CVA Family Office LLC now owns 774 shares of the company's stock worth $141,000 after acquiring an additional 87 shares during the period. Hedge funds and other institutional investors own 90.64% of the company's stock.

Insider Buying and Selling at DoorDash

In related news, Director Stanley Tang sold 45,410 shares of DoorDash stock in a transaction 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 transaction, the director directly owned 26,070 shares in the company, valued at $6,274,788.30. This trade represents a 63.53% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Andy Fang sold 30,000 shares of DoorDash stock in a transaction on Thursday, June 5th. The shares were sold at an average price of $217.52, for a total transaction of $6,525,600.00. Following the completion of the transaction, the director owned 22,545 shares in the company, valued at approximately $4,903,988.40. This trade represents a 57.09% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 583,537 shares of company stock valued at $133,720,004. 5.83% of the stock is currently owned by insiders.

DoorDash Stock Down 4.4%

Shares of DASH traded down $11.80 during mid-day trading on Friday, hitting $259.19. 5,340,842 shares of the company's stock were exchanged, compared to its average volume of 3,280,438. The stock's 50-day moving average is $236.11 and its 200-day moving average is $206.45. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.72 and a current ratio of 2.07. DoorDash, Inc. has a fifty-two week low of $121.44 and a fifty-two week high of $278.15. The company has a market cap of $109.83 billion, a price-to-earnings ratio of 144.00 and a beta of 1.70.

DoorDash (NASDAQ:DASH - Get Free Report) last announced its quarterly earnings results on Wednesday, August 6th. The company reported $0.65 EPS for the quarter, beating the consensus estimate of $0.42 by $0.23. The company had revenue of $3.28 billion for the quarter, compared to analyst estimates of $3.16 billion. DoorDash had a net margin of 6.57% and a return on equity of 9.56%. The firm's revenue was up 24.9% on a year-over-year basis. During the same period in the prior year, the firm posted ($0.38) earnings per share. On average, sell-side analysts anticipate that DoorDash, Inc. will post 2.22 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts have commented on DASH shares. Royal Bank Of Canada increased their price target on shares of DoorDash from $230.00 to $300.00 and gave the company an "outperform" rating in a research report on Thursday. Benchmark increased their price target on shares of DoorDash from $260.00 to $315.00 and gave the stock a "buy" rating in a report on Thursday. KeyCorp reaffirmed an "overweight" rating and set a $325.00 target price (up from $295.00) on shares of DoorDash in a report on Thursday. Wall Street Zen raised shares of DoorDash from a "hold" rating to a "buy" rating in a report on Saturday, July 26th. Finally, Piper Sandler boosted their price target on shares of DoorDash from $210.00 to $290.00 and gave the stock a "neutral" rating in a report on Thursday. Twelve investment analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $259.18.

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.