Pathstone Holdings LLC Purchases 6,359 Shares of DoorDash, Inc. (NASDAQ:DASH)

Pathstone Holdings LLC lifted its holdings in DoorDash, Inc. (NASDAQ:DASH - Free Report) by 15.5% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 47,376 shares of the company's stock after buying an additional 6,359 shares during the quarter. Pathstone Holdings LLC's holdings in DoorDash were worth $7,948,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently modified their holdings of DASH. Parkwood LLC acquired a new stake in shares of DoorDash during the fourth quarter valued at approximately $9,324,000. Nissay Asset Management Corp Japan ADV lifted its position in shares of DoorDash by 7.8% in the 4th quarter. Nissay Asset Management Corp Japan ADV now owns 76,558 shares of the company's stock worth $12,964,000 after acquiring an additional 5,512 shares during the period. Numerai GP LLC boosted its position in shares of DoorDash by 104.2% during the 4th quarter. Numerai GP LLC now owns 25,414 shares of the company's stock valued at $4,263,000 after acquiring an additional 12,970 shares in the last quarter. Occudo Quantitative Strategies LP raised its stake in DoorDash by 34.9% during the fourth quarter. Occudo Quantitative Strategies LP now owns 23,899 shares of the company's stock worth $4,009,000 after acquiring an additional 6,188 shares in the last quarter. Finally, OMERS ADMINISTRATION Corp increased its stake in shares of DoorDash by 24.1% in the fourth quarter. OMERS ADMINISTRATION Corp now owns 11,183 shares of the company's stock valued at $1,876,000 after buying an additional 2,174 shares in the last quarter. Institutional investors and hedge funds own 90.64% of the company's stock.

Analyst Upgrades and Downgrades

DASH has been the subject of a number of research reports. Cantor Fitzgerald reiterated an "overweight" rating and set a $210.00 price objective on shares of DoorDash in a report on Wednesday, May 7th. Citigroup reaffirmed an "outperform" rating on shares of DoorDash in a report on Monday, April 28th. Wells Fargo & Company cut their price objective 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. Morgan Stanley dropped their price target on shares of DoorDash from $245.00 to $210.00 and set an "overweight" rating on the stock in a research report on Thursday, April 17th. Finally, The Goldman Sachs Group raised their price objective on shares of DoorDash from $192.00 to $212.00 and gave the stock a "neutral" rating in a report on Wednesday, February 12th. Ten research analysts have rated the stock with a hold rating and twenty-four have issued a buy rating to the company's stock. According to data from MarketBeat.com, DoorDash presently has a consensus rating of "Moderate Buy" and an average price target of $209.97.

Insider Transactions at DoorDash

In other news, Director Stanley Tang sold 45,410 shares of the stock in a transaction that occurred on 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 directly owns 18,285 shares of the company's stock, valued at $3,313,424.85. This represents a 71.29% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Prabir Adarkar sold 20,161 shares of the firm's stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $203.45, for a total value of $4,101,755.45. Following the completion of the sale, the chief operating officer now directly owns 905,061 shares of the company's stock, valued at $184,134,660.45. This represents a 2.18% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 158,573 shares of company stock worth $30,407,073 in the last 90 days. Insiders own 5.83% of the company's stock.

DoorDash Trading Up 1.5%

NASDAQ DASH traded up $3.00 during mid-day trading on Tuesday, hitting $205.18. The company's stock had a trading volume of 6,046,033 shares, compared to its average volume of 4,170,331. The company's 50 day simple moving average is $186.32 and its 200 day simple moving average is $182.84. 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 $86.94 billion, a price-to-earnings ratio of 759.93 and a beta of 1.68.

DoorDash (NASDAQ:DASH - Get Free Report) last released its quarterly earnings results on Tuesday, May 6th. The company reported $0.44 earnings per share (EPS) for the quarter, beating 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 business had revenue of $3.03 billion during the quarter, compared to the consensus estimate of $3.10 billion. During the same quarter in the previous year, the business earned ($0.06) EPS. The company's quarterly revenue was up 20.7% on a year-over-year basis. As a group, research analysts forecast that DoorDash, Inc. will post 2.22 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.