Capital Advisors Inc. OK Increases Stock Holdings in DoorDash, Inc. (NASDAQ:DASH)

Capital Advisors Inc. OK raised its stake in DoorDash, Inc. (NASDAQ:DASH - Free Report) by 16.0% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 174,853 shares of the company's stock after acquiring an additional 24,087 shares during the period. Capital Advisors Inc. OK's holdings in DoorDash were worth $17,291,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. SJS Investment Consulting Inc. raised its stake in DoorDash by 26.9% in the fourth quarter. SJS Investment Consulting Inc. now owns 462 shares of the company's stock valued at $46,000 after purchasing an additional 98 shares in the last quarter. Westside Investment Management Inc. raised its position in shares of DoorDash by 18.2% in the 4th quarter. Westside Investment Management Inc. now owns 650 shares of the company's stock valued at $64,000 after buying an additional 100 shares in the last quarter. National Bank of Canada FI lifted its holdings in shares of DoorDash by 13.1% during the 3rd quarter. National Bank of Canada FI now owns 1,081 shares of the company's stock worth $86,000 after acquiring an additional 125 shares during the period. Mackenzie Financial Corp boosted its position in shares of DoorDash by 1.3% during the 3rd quarter. Mackenzie Financial Corp now owns 11,022 shares of the company's stock worth $851,000 after acquiring an additional 145 shares in the last quarter. Finally, Yousif Capital Management LLC increased its stake in DoorDash by 5.2% in the third quarter. Yousif Capital Management LLC now owns 2,920 shares of the company's stock valued at $232,000 after acquiring an additional 145 shares during the last quarter. 90.64% of the stock is currently owned by institutional investors.

Insider Buying and Selling at DoorDash

In other news, Director Andy Fang sold 67,000 shares of DoorDash stock in a transaction dated Friday, February 16th. The stock was sold at an average price of $110.57, for a total value of $7,408,190.00. Following the completion of the transaction, the director now directly owns 40,969 shares of the company's stock, valued at approximately $4,529,942.33. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other DoorDash news, Director Andy Fang sold 67,000 shares of the business's stock in a transaction that occurred on Friday, February 16th. The stock was sold at an average price of $110.57, for a total value of $7,408,190.00. Following the transaction, the director now directly owns 40,969 shares of the company's stock, valued at $4,529,942.33. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Shona L. Brown sold 700 shares of the firm's stock in a transaction that occurred on Thursday, April 4th. The stock was sold at an average price of $141.60, for a total transaction of $99,120.00. Following the sale, the director now directly owns 70,111 shares of the company's stock, valued at approximately $9,927,717.60. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 298,787 shares of company stock valued at $38,000,043. 9.59% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the company. Piper Sandler upgraded DoorDash from an "underweight" rating to a "neutral" rating and upped their target price for the stock from $53.00 to $127.00 in a research note on Friday, March 15th. Moffett Nathanson upgraded DoorDash from a "neutral" rating to a "buy" rating and upped their price objective for the stock from $118.00 to $164.00 in a research report on Thursday. Morgan Stanley raised DoorDash from an "equal weight" rating to an "overweight" rating and raised their price objective for the company from $135.00 to $145.00 in a research note on Thursday, February 22nd. JMP Securities boosted their target price on DoorDash from $130.00 to $160.00 and gave the stock a "market outperform" rating in a research note on Wednesday, March 27th. Finally, Benchmark began coverage on shares of DoorDash in a report on Thursday, April 4th. They set a "buy" rating and a $165.00 price target on the stock. Nine analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company's stock. According to MarketBeat, DoorDash has an average rating of "Moderate Buy" and a consensus target price of $128.25.

DoorDash Trading Down 1.8 %

DASH stock traded down $2.57 during trading on Friday, hitting $138.38. The company had a trading volume of 1,998,135 shares, compared to its average volume of 2,626,234. The stock has a market cap of $55.91 billion, a PE ratio of -96.77, a PEG ratio of 16.52 and a beta of 1.79. The business has a 50-day moving average of $128.72 and a 200-day moving average of $105.12. DoorDash, Inc. has a one year low of $56.59 and a one year high of $143.34.

DoorDash (NASDAQ:DASH - Get Free Report) last issued its quarterly earnings results on Thursday, February 15th. The company reported ($0.39) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.15) by ($0.24). DoorDash had a negative return on equity of 8.49% and a negative net margin of 6.46%. The firm had revenue of $2.30 billion during the quarter, compared to analyst estimates of $2.25 billion. During the same quarter last year, the firm posted ($0.63) EPS. The firm's revenue for the quarter was up 26.7% on a year-over-year basis. Research analysts forecast that DoorDash, Inc. will post 0.2 EPS for the current 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.