Simon Quick Advisors LLC Acquires 1,400 Shares of DoorDash, Inc. (NASDAQ:DASH)

Simon Quick Advisors LLC lifted its stake in shares of DoorDash, Inc. (NASDAQ:DASH - Free Report) by 75.3% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 3,258 shares of the company's stock after purchasing an additional 1,400 shares during the quarter. Simon Quick Advisors LLC's holdings in DoorDash were worth $595,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Brighton Jones LLC grew its position in DoorDash by 24.0% during the fourth quarter. Brighton Jones LLC now owns 9,336 shares of the company's stock worth $1,566,000 after buying an additional 1,807 shares in the last quarter. Principal Financial Group Inc. boosted its position in shares of DoorDash by 2.9% during the 4th quarter. Principal Financial Group Inc. now owns 93,382 shares of the company's stock valued at $15,665,000 after acquiring an additional 2,596 shares during the last quarter. Jones Financial Companies Lllp grew its holdings in shares of DoorDash by 36.2% during the fourth quarter. Jones Financial Companies Lllp now owns 1,926 shares of the company's stock worth $323,000 after purchasing an additional 512 shares in the last quarter. Truist Financial Corp increased its position in shares of DoorDash by 35.1% in the fourth quarter. Truist Financial Corp now owns 8,597 shares of the company's stock worth $1,442,000 after purchasing an additional 2,233 shares during the last quarter. Finally, Allworth Financial LP increased its position in shares of DoorDash by 26.9% in the fourth quarter. Allworth Financial LP now owns 840 shares of the company's stock worth $149,000 after purchasing an additional 178 shares during the last quarter. 90.64% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages have recently commented on DASH. Benchmark increased their price target on shares of DoorDash from $220.00 to $225.00 and gave the stock a "buy" rating in a report on Wednesday, May 7th. BMO Capital Markets reiterated an "outperform" rating on shares of DoorDash in a research report on Tuesday, April 29th. Roth Capital set a $191.00 target price on DoorDash and gave the company a "neutral" rating in a research note on Wednesday, May 7th. Evercore ISI reaffirmed an "outperform" rating on shares of DoorDash in a research note on Monday, March 10th. Finally, Citigroup reiterated an "outperform" rating on shares of DoorDash in a research report on Thursday, June 12th. Eleven analysts have rated the stock with a hold rating and twenty-five have assigned a buy rating to the company. According to data from MarketBeat.com, DoorDash has a consensus rating of "Moderate Buy" and a consensus price target of $210.21.

DoorDash Stock Down 1.1%

Shares of NASDAQ DASH traded down $2.34 during midday trading on Tuesday, hitting $219.39. The stock had a trading volume of 3,155,376 shares, compared to its average volume of 4,214,422. The business's 50 day moving average is $198.24 and its 200-day moving average is $188.42. DoorDash, Inc. has a 52 week low of $99.32 and a 52 week high of $223.29. The company has a market cap of $92.96 billion, a P/E ratio of 284.93 and a beta of 1.67.

DoorDash (NASDAQ:DASH - Get Free Report) last released its quarterly earnings data 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 analysts' expectations of $3.10 billion. DoorDash had a return on equity of 4.39% and a net margin of 3.02%. The firm's quarterly revenue was up 20.7% on a year-over-year basis. During the same period in the prior year, the firm posted ($0.06) EPS. As a group, analysts expect that DoorDash, Inc. will post 2.22 EPS for the current fiscal year.

Insider Buying and Selling

In related news, COO Prabir Adarkar sold 62,267 shares of the 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 transaction, the chief operating officer now owns 942,554 shares in the company, valued at $191,027,419.18. This represents a 6.20% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Stanley Tang sold 45,410 shares of DoorDash stock in a transaction that occurred on Tuesday, April 1st. The stock was sold at an average price of $181.21, for a total transaction of $8,228,746.10. Following the completion of the sale, the director now directly owns 18,285 shares of the company's stock, valued at approximately $3,313,424.85. This trade represents a 71.29% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 342,274 shares of company stock worth $69,198,499. 5.83% of the stock is owned by corporate insiders.

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.