Morgens Waterfall Vintiadis & Co. Inc. Buys New Holdings in DoorDash, Inc. (NASDAQ:DASH)

Morgens Waterfall Vintiadis & Co. Inc. bought a new stake in DoorDash, Inc. (NASDAQ:DASH - Free Report) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 23,000 shares of the company's stock, valued at approximately $3,858,000. DoorDash comprises 2.9% of Morgens Waterfall Vintiadis & Co. Inc.'s holdings, making the stock its 16th biggest holding.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Pittenger & Anderson Inc. bought a new stake in shares of DoorDash during the fourth quarter valued at about $29,000. Denver PWM LLC bought a new stake in shares of DoorDash during the fourth quarter valued at about $30,000. Princeton Global Asset Management LLC bought a new stake in shares of DoorDash during the fourth quarter valued at about $34,000. IFP Advisors Inc raised its stake in shares of DoorDash by 31.8% during the fourth quarter. IFP Advisors Inc now owns 224 shares of the company's stock valued at $37,000 after purchasing an additional 54 shares in the last quarter. Finally, MassMutual Private Wealth & Trust FSB raised its position in DoorDash by 34.0% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 272 shares of the company's stock worth $46,000 after acquiring an additional 69 shares in the last quarter. 90.64% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, General Counsel Tia Sherringham sold 12,088 shares of the stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $203.45, for a total value of $2,459,303.60. Following the completion of the sale, the general counsel now directly owns 122,135 shares of the company's stock, valued at approximately $24,848,365.75. This represents a 9.01% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Ravi Inukonda sold 1,425 shares of the stock in a transaction that occurred on Friday, April 25th. The shares were sold at an average price of $187.22, for a total value of $266,788.50. Following the completion of the sale, the chief financial officer now directly owns 337,430 shares of the company's stock, valued at $63,173,644.60. This represents a 0.42% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 158,573 shares of company stock valued at $30,407,073 over the last 90 days. 5.83% of the stock is currently owned by company insiders.

DoorDash Trading Up 2.5%

DoorDash stock traded up $4.90 during trading hours on Friday, reaching $202.00. 4,181,856 shares of the company were exchanged, compared to its average volume of 4,178,576. The firm has a market cap of $84.86 billion, a price-to-earnings ratio of 748.15 and a beta of 1.68. The stock has a 50-day moving average of $186.03 and a 200 day moving average of $182.14. DoorDash, Inc. has a 12 month low of $99.32 and a 12 month high of $215.25.

DoorDash (NASDAQ:DASH - Get Free Report) last announced its 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. The firm had revenue of $3.03 billion during the quarter, compared to analysts' expectations of $3.10 billion. DoorDash had a return on equity of 1.67% and a net margin of 1.15%. The company's revenue was up 20.7% on a year-over-year basis. During the same quarter in the prior year, the business earned ($0.06) earnings per share. As a group, research analysts forecast that DoorDash, Inc. will post 2.22 EPS for the current year.

Analysts Set New Price Targets

DASH has been the topic of several research reports. Mizuho boosted their price target on shares of DoorDash from $200.00 to $222.00 and gave the stock an "outperform" rating in a research report on Wednesday, February 12th. Susquehanna boosted their price target on shares of DoorDash from $180.00 to $235.00 and gave the stock a "positive" rating in a research report on Thursday, February 13th. Loop Capital boosted their price target on shares of DoorDash from $200.00 to $235.00 and gave the stock a "buy" rating in a research report on Monday, February 24th. Wells Fargo & Company dropped their price target on shares of DoorDash from $201.00 to $198.00 and set an "equal weight" rating on the stock in a research report on Wednesday, May 7th. Finally, Needham & Company LLC lifted their price target on DoorDash from $225.00 to $230.00 and gave the stock a "buy" rating in a research note on Wednesday, May 7th. Ten research analysts have rated the stock with a hold rating and twenty-four have assigned a buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $209.97.

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.