ProShare Advisors LLC Raises Position in DoorDash, Inc. (NASDAQ:DASH)

ProShare Advisors LLC raised its stake in shares of DoorDash, Inc. (NASDAQ:DASH - Free Report) by 23.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 446,224 shares of the company's stock after buying an additional 83,788 shares during the quarter. ProShare Advisors LLC owned about 0.11% of DoorDash worth $74,854,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Pittenger & Anderson Inc. purchased a new position in shares of DoorDash in the fourth quarter worth $29,000. Denver PWM LLC purchased a new position in DoorDash in the 4th quarter worth about $30,000. Princeton Global Asset Management LLC bought a new position in DoorDash during the 4th quarter valued at about $34,000. IFP Advisors Inc boosted its holdings in shares of 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 during the last quarter. Finally, MassMutual Private Wealth & Trust FSB grew its stake in shares of 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 during the period. Hedge funds and other institutional investors own 90.64% of the company's stock.

DoorDash Stock Up 0.1%

NASDAQ:DASH traded up $0.18 during mid-day trading on Monday, hitting $202.18. 3,336,785 shares of the stock traded hands, compared to its average volume of 4,177,054. DoorDash, Inc. has a 52 week low of $99.32 and a 52 week high of $215.25. The stock has a market capitalization of $84.94 billion, a price-to-earnings ratio of 748.81 and a beta of 1.68. The firm's 50 day moving average is $186.03 and its two-hundred day moving average is $182.51.

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

Analysts Set New Price Targets

A number of research firms recently commented on DASH. Barclays upped their price objective on DoorDash from $163.00 to $200.00 and gave the company an "equal weight" rating in a research report on Thursday, February 13th. BMO Capital Markets reaffirmed an "outperform" rating on shares of DoorDash in a report on Tuesday, April 29th. Oppenheimer reaffirmed a "hold" rating on shares of DoorDash in a report on Monday, March 10th. Evercore ISI reissued an "outperform" rating on shares of DoorDash in a report on Monday, March 10th. Finally, Benchmark upped their target price on shares of DoorDash from $220.00 to $225.00 and gave the stock a "buy" rating in a research report on Wednesday, May 7th. Ten analysts have rated the stock with a hold rating and twenty-four have assigned a buy rating to the company. According to MarketBeat.com, DoorDash presently has an average rating of "Moderate Buy" and an average price target of $209.97.

Insider Buying and Selling at DoorDash

In related news, General Counsel Tia Sherringham sold 12,088 shares of the business's stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $203.45, for a total value of $2,459,303.60. Following the completion of the transaction, the general counsel now owns 122,135 shares of the company's stock, valued at $24,848,365.75. The trade was a 9.01% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Keith Yandell sold 8,116 shares of the firm's stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $203.45, for a total value of $1,651,200.20. Following the sale, the insider now directly owns 105,162 shares in the company, valued at approximately $21,395,208.90. The trade was a 7.16% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 158,573 shares of company stock valued at $30,407,073 in the last ninety days. 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.