DoorDash, Inc. (NASDAQ:DASH) Shares Acquired by Woodline Partners LP

Woodline Partners LP raised its position in shares of DoorDash, Inc. (NASDAQ:DASH - Free Report) by 217.7% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 235,967 shares of the company's stock after purchasing an additional 161,701 shares during the period. Woodline Partners LP owned about 0.06% of DoorDash worth $39,583,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of DASH. GeoWealth Management LLC boosted its stake in shares of DoorDash by 3.7% during the fourth quarter. GeoWealth Management LLC now owns 1,428 shares of the company's stock valued at $240,000 after purchasing an additional 51 shares in the last quarter. IFP Advisors Inc boosted its position in DoorDash by 31.8% during 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. MassMutual Private Wealth & Trust FSB increased its holdings in shares of DoorDash by 34.0% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 272 shares of the company's stock valued at $46,000 after acquiring an additional 69 shares during the period. Avestar Capital LLC raised its position in shares of DoorDash by 1.1% in the 4th quarter. Avestar Capital LLC now owns 6,618 shares of the company's stock worth $1,110,000 after acquiring an additional 75 shares in the last quarter. Finally, Coldstream Capital Management Inc. raised its holdings in 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 in the last quarter. 90.64% of the stock is owned by institutional investors.

DoorDash Trading Up 2.6%

Shares of DoorDash stock traded up $5.28 during trading hours on Monday, reaching $206.15. The stock had a trading volume of 4,365,564 shares, compared to its average volume of 4,192,076. The stock's 50 day moving average is $187.93 and its 200 day moving average is $183.95. DoorDash, Inc. has a twelve month low of $99.32 and a twelve month high of $215.25. The firm has a market capitalization of $87.35 billion, a PE ratio of 763.52 and a beta of 1.68.

DoorDash (NASDAQ:DASH - Get Free Report) last issued its quarterly earnings results on Tuesday, May 6th. The company reported $0.44 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.39 by $0.05. DoorDash had a return on equity of 1.67% and a net margin of 1.15%. The company had revenue of $3.03 billion for the quarter, compared to the consensus estimate of $3.10 billion. During the same quarter in the prior year, the business posted ($0.06) earnings per share. DoorDash's revenue for the quarter was up 20.7% on a year-over-year basis. As a group, sell-side analysts predict that DoorDash, Inc. will post 2.22 earnings per share for the current year.

Wall Street Analyst Weigh In

Several brokerages have weighed in on DASH. Loop Capital raised their target price on shares of DoorDash from $200.00 to $235.00 and gave the company a "buy" rating in a research note on Monday, February 24th. Wall Street Zen upgraded DoorDash from a "hold" rating to a "buy" rating in a report on Thursday. Roth Capital set a $191.00 target price on DoorDash and gave the stock a "neutral" rating in a research note on Wednesday, May 7th. Piper Sandler reaffirmed a "neutral" rating and set a $210.00 target price (up from $160.00) on shares of DoorDash in a research report on Wednesday, February 12th. Finally, Bank of America lowered their price target on DoorDash from $245.00 to $235.00 and set a "buy" rating for the company in a report on Monday, April 7th. Ten investment analysts have rated the stock with a hold rating and twenty-five have given a buy rating to the company. According to MarketBeat, DoorDash currently has an average rating of "Moderate Buy" and a consensus target price of $209.97.

Insider Activity

In related news, Director Stanley Tang sold 45,410 shares of the company's stock in a transaction dated Tuesday, April 1st. The shares were sold at an average price of $181.21, for a total transaction of $8,228,746.10. Following the completion of the transaction, the director now owns 18,285 shares in the company, valued at $3,313,424.85. This represents a 71.29% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Ravi Inukonda sold 14,715 shares of DoorDash stock in a transaction dated Monday, March 24th. The stock was sold at an average price of $196.52, for a total value of $2,891,791.80. Following the completion of the sale, the chief financial officer now owns 338,055 shares in the company, valued at approximately $66,434,568.60. The trade was a 4.17% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 101,612 shares of company stock worth $18,808,326 in the last quarter. Corporate insiders own 5.83% of the company's stock.

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.