Xponance Inc. Buys 15,195 Shares of DoorDash, Inc. (NASDAQ:DASH)

Xponance Inc. lifted its stake in DoorDash, Inc. (NASDAQ:DASH - Free Report) by 24.4% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 77,578 shares of the company's stock after purchasing an additional 15,195 shares during the period. Xponance Inc.'s holdings in DoorDash were worth $14,179,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. GeoWealth Management LLC lifted its stake in 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 acquiring an additional 51 shares during the period. Coldstream Capital Management Inc. lifted its position in shares of DoorDash by 5.5% during the fourth quarter. Coldstream Capital Management Inc. now owns 1,661 shares of the company's stock valued at $279,000 after buying an additional 86 shares during the last quarter. LVW Advisors LLC lifted its position in shares of DoorDash by 6.1% during the first quarter. LVW Advisors LLC now owns 1,495 shares of the company's stock valued at $273,000 after buying an additional 86 shares during the last quarter. CVA Family Office LLC lifted its position in shares of DoorDash by 12.7% during the first quarter. CVA Family Office LLC now owns 774 shares of the company's stock valued at $141,000 after buying an additional 87 shares during the last quarter. Finally, Insigneo Advisory Services LLC lifted its position in shares of DoorDash by 4.8% during the fourth quarter. Insigneo Advisory Services LLC now owns 2,315 shares of the company's stock valued at $388,000 after buying an additional 105 shares during the last quarter. 90.64% of the stock is currently owned by institutional investors.

Insider Transactions 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 sale, the director owned 26,070 shares of the company's stock, valued at approximately $6,274,788.30. This trade represents a 63.53% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Andy Fang sold 30,000 shares of DoorDash stock in a transaction on Tuesday, July 1st. The shares were sold at an average price of $240.66, for a total transaction of $7,219,800.00. Following the completion of the sale, the director directly owned 22,545 shares in the company, valued at $5,425,679.70. This represents a 57.09% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 429,031 shares of company stock worth $94,584,086 in the last ninety days. Company insiders own 5.83% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have commented on the stock. BMO Capital Markets reissued an "outperform" rating on shares of DoorDash in a research report on Tuesday, April 29th. BTIG Research increased their price target on shares of DoorDash from $225.00 to $265.00 and gave the company a "buy" rating in a research report on Tuesday, July 1st. Needham & Company LLC increased their price target on shares of DoorDash from $225.00 to $230.00 and gave the company a "buy" rating in a research report on Wednesday, May 7th. DA Davidson increased their price target on shares of DoorDash from $150.00 to $190.00 and gave the company a "neutral" rating in a research report on Tuesday, May 6th. Finally, KeyCorp decreased their price target on shares of DoorDash from $240.00 to $230.00 and set an "overweight" rating for the company in a research report on Tuesday, April 15th. Ten analysts have rated the stock with a hold rating, twenty-five have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, DoorDash presently has an average rating of "Moderate Buy" and an average target price of $220.53.

DoorDash Price Performance

NASDAQ:DASH opened at $240.44 on Friday. The firm has a market cap of $101.88 billion, a price-to-earnings ratio of 312.26 and a beta of 1.70. The company has a 50 day moving average price of $216.76 and a 200-day moving average price of $196.04. DoorDash, Inc. has a 1-year low of $99.32 and a 1-year high of $248.74.

DoorDash (NASDAQ:DASH - Get Free Report) last posted 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. DoorDash had a net margin of 3.02% and a return on equity of 4.39%. The firm had revenue of $3.03 billion during the quarter, compared to analyst estimates of $3.10 billion. During the same period in the previous year, the firm earned ($0.06) EPS. The business's quarterly revenue was up 20.7% on a year-over-year basis. On average, sell-side analysts anticipate that DoorDash, Inc. will post 2.22 earnings per share for the current fiscal year.

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.

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