DoorDash, Inc. (NASDAQ:DASH) Shares Purchased by Profund Advisors LLC

Profund Advisors LLC increased its position in shares of DoorDash, Inc. (NASDAQ:DASH) by 1.0% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 44,611 shares of the company’s stock after acquiring an additional 428 shares during the quarter. Profund Advisors LLC’s holdings in DoorDash were worth $4,853,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of DASH. Meeder Asset Management Inc. boosted its position in DoorDash by 82.0% during the second quarter. Meeder Asset Management Inc. now owns 293 shares of the company’s stock worth $32,000 after acquiring an additional 132 shares during the last quarter. Headlands Technologies LLC acquired a new stake in DoorDash during the second quarter worth approximately $32,000. Versant Capital Management Inc boosted its position in DoorDash by 340.8% during the second quarter. Versant Capital Management Inc now owns 335 shares of the company’s stock worth $36,000 after acquiring an additional 259 shares during the last quarter. ORG Partners LLC boosted its position in DoorDash by 2,108.3% during the first quarter. ORG Partners LLC now owns 265 shares of the company’s stock worth $37,000 after acquiring an additional 253 shares during the last quarter. Finally, Quest Partners LLC boosted its position in DoorDash by 146.8% during the second quarter. Quest Partners LLC now owns 343 shares of the company’s stock worth $37,000 after acquiring an additional 204 shares during the last quarter. Institutional investors and hedge funds own 90.64% of the company’s stock.

Analyst Upgrades and Downgrades

DASH has been the topic of a number of recent analyst reports. Morgan Stanley increased their price target on shares of DoorDash from $145.00 to $150.00 and gave the stock an “overweight” rating in a research note on Friday, August 2nd. Redburn Atlantic initiated coverage on shares of DoorDash in a research note on Friday, July 26th. They set a “buy” rating and a $170.00 price target on the stock. JMP Securities increased their price target on shares of DoorDash from $140.00 to $145.00 and gave the stock a “market outperform” rating in a research note on Friday, August 2nd. Cantor Fitzgerald initiated coverage on shares of DoorDash in a research note on Thursday, September 5th. They set an “overweight” rating and a $160.00 price target on the stock. Finally, JPMorgan Chase & Co. increased their price target on shares of DoorDash from $111.00 to $137.00 and gave the stock a “neutral” rating in a research note on Friday, August 2nd. Eleven research analysts have rated the stock with a hold rating and twenty have issued a buy rating to the company. According to data from MarketBeat, DoorDash has an average rating of “Moderate Buy” and an average price target of $143.00.

Insider Activity

In other news, Director Andy Fang sold 50,000 shares of DoorDash stock in a transaction dated Thursday, September 12th. The shares were sold at an average price of $130.20, for a total value of $6,510,000.00. Following the completion of the transaction, the director now directly owns 18,089 shares of the company’s stock, valued at approximately $2,355,187.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other news, Director Andy Fang sold 50,000 shares of DoorDash stock in a transaction dated Thursday, September 12th. The shares were sold at an average price of $130.20, for a total value of $6,510,000.00. Following the completion of the transaction, the director now directly owns 18,089 shares of the company’s stock, valued at approximately $2,355,187.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Shona L. Brown sold 1,712 shares of DoorDash stock in a transaction dated Tuesday, June 25th. The shares were sold at an average price of $110.97, for a total transaction of $189,980.64. Following the completion of the transaction, the director now directly owns 70,191 shares of the company’s stock, valued at $7,789,095.27. The disclosure for this sale can be found here. In the last three months, insiders sold 304,769 shares of company stock valued at $34,760,113. Company insiders own 7.92% of the company’s stock.

DoorDash Price Performance

Shares of DASH stock opened at $139.72 on Friday. The firm has a market cap of $57.13 billion, a P/E ratio of -129.37, a P/E/G ratio of 275.59 and a beta of 1.69. DoorDash, Inc. has a 1-year low of $69.90 and a 1-year high of $143.34. The firm has a fifty day moving average of $121.37 and a two-hundred day moving average of $121.51.

DoorDash (NASDAQ:DASH) last announced its quarterly earnings data on Thursday, August 1st. The company reported ($0.38) earnings per share for the quarter, missing the consensus estimate of ($0.09) by ($0.29). The company had revenue of $2.63 billion for the quarter, compared to analyst estimates of $2.54 billion. DoorDash had a negative return on equity of 5.91% and a negative net margin of 4.24%. DoorDash’s revenue was up 23.3% on a year-over-year basis. During the same period in the prior year, the business earned ($0.44) earnings per share. On average, sell-side analysts expect that DoorDash, Inc. will post 0.01 EPS for the current year.

DoorDash 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.