Pinkerton Retirement Specialists LLC Takes $314,000 Position in DoorDash, Inc. (NASDAQ:DASH)

Pinkerton Retirement Specialists LLC bought a new stake in DoorDash, Inc. (NASDAQ:DASH - Free Report) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 1,871 shares of the company's stock, valued at approximately $314,000.

A number of other hedge funds have also modified their holdings of the business. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of DoorDash by 46.7% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,515,861 shares of the company's stock valued at $422,036,000 after buying an additional 800,322 shares during the last quarter. Voloridge Investment Management LLC raised its position in shares of DoorDash by 2,183.2% in the fourth quarter. Voloridge Investment Management LLC now owns 816,881 shares of the company's stock valued at $137,032,000 after buying an additional 781,103 shares during the last quarter. Whitebark Investors LP acquired a new stake in shares of DoorDash in the fourth quarter valued at about $42,284,000. Woodline Partners LP raised its position in shares of DoorDash by 217.7% in the fourth quarter. Woodline Partners LP now owns 235,967 shares of the company's stock valued at $39,583,000 after buying an additional 161,701 shares during the last quarter. Finally, Vident Advisory LLC grew its holdings in shares of DoorDash by 1.4% in the fourth quarter. Vident Advisory LLC now owns 10,721 shares of the company's stock valued at $1,799,000 after purchasing an additional 147 shares during the period. 90.64% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

DASH has been the subject of a number of analyst reports. Piper Sandler reissued a "neutral" rating and issued a $210.00 price objective (up previously from $160.00) on shares of DoorDash in a report on Wednesday, February 12th. Loop Capital upped their price objective on shares of DoorDash from $200.00 to $235.00 and gave the company a "buy" rating in a report on Monday, February 24th. JPMorgan Chase & Co. dropped their price objective on shares of DoorDash from $205.00 to $175.00 and set a "neutral" rating for the company in a report on Tuesday, April 8th. Wells Fargo & Company dropped their price objective on shares of DoorDash from $201.00 to $198.00 and set an "equal weight" rating for the company in a report on Wednesday, May 7th. Finally, The Goldman Sachs Group upped their price objective on shares of DoorDash from $192.00 to $212.00 and gave the company a "neutral" rating in a report on Wednesday, February 12th. Ten research analysts have rated the stock with a hold rating and twenty-four have given a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $209.97.

Insider Activity at DoorDash

In related news, COO Prabir Adarkar sold 20,000 shares of the firm's stock in a transaction that occurred on Friday, March 28th. The shares were sold at an average price of $185.58, for a total value of $3,711,600.00. Following the sale, the chief operating officer now owns 887,348 shares of the company's stock, valued at $164,674,041.84. This trade represents a 2.20% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Ravi Inukonda sold 14,715 shares of the firm's stock in a transaction that occurred on Monday, March 24th. The shares were sold at an average price of $196.52, for a total transaction of $2,891,791.80. Following the completion of the sale, the chief financial officer now directly owns 338,055 shares in the company, valued at approximately $66,434,568.60. This trade represents a 4.17% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 101,612 shares of company stock valued at $18,808,326 over the last 90 days. 5.83% of the stock is owned by corporate insiders.

DoorDash Stock Down 0.2%

Shares of NASDAQ:DASH opened at $204.77 on Thursday. The firm's 50 day moving average price is $187.29 and its 200 day moving average price is $183.14. The stock has a market cap of $86.77 billion, a price-to-earnings ratio of 758.41 and a beta of 1.68. DoorDash, Inc. has a fifty-two week low of $99.32 and a fifty-two week high of $215.25.

DoorDash (NASDAQ:DASH - Get Free Report) last issued its earnings results 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. The firm had revenue of $3.03 billion for the quarter, compared to analysts' expectations of $3.10 billion. DoorDash had a net margin of 1.15% and a return on equity of 1.67%. The firm's revenue was up 20.7% compared to the same quarter last year. During the same quarter last year, the company earned ($0.06) earnings per share. On average, equities analysts anticipate that DoorDash, Inc. will post 2.22 EPS for the current year.

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.

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