Capital CS Group LLC Purchases Shares of 4,732 DoorDash, Inc. (NASDAQ:DASH)

Capital CS Group LLC acquired a new position in shares of DoorDash, Inc. (NASDAQ:DASH) in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 4,732 shares of the company’s stock, valued at approximately $675,000. DoorDash makes up approximately 0.8% of Capital CS Group LLC’s holdings, making the stock its 17th biggest position.

A number of other large investors have also recently made changes to their positions in the company. ORG Partners LLC boosted its position in shares of DoorDash by 2,108.3% during the 1st quarter. ORG Partners LLC now owns 265 shares of the company’s stock worth $37,000 after acquiring an additional 253 shares in the last quarter. Headlands Technologies LLC purchased a new position in DoorDash in the second quarter valued at approximately $32,000. Meeder Asset Management Inc. raised its holdings 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 purchasing an additional 132 shares in the last quarter. Hollencrest Capital Management purchased a new stake in shares of DoorDash during the 1st quarter worth approximately $42,000. Finally, Versant Capital Management Inc boosted its holdings in shares of DoorDash by 340.8% in the 2nd quarter. Versant Capital Management Inc now owns 335 shares of the company’s stock valued at $36,000 after buying an additional 259 shares in the last quarter. 90.64% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at DoorDash

In other DoorDash news, CEO Tony Xu sold 54,166 shares of the company’s stock in a transaction dated Monday, July 15th. The shares were sold at an average price of $104.96, for a total value of $5,685,263.36. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other news, Director Andy Fang sold 50,000 shares of DoorDash stock in a transaction on Thursday, September 12th. The stock was sold at an average price of $130.20, for a total value of $6,510,000.00. Following the completion of the sale, the director now owns 18,089 shares of the company’s stock, valued at $2,355,187.80. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Tony Xu sold 54,166 shares of the stock in a transaction dated Monday, July 15th. The stock was sold at an average price of $104.96, for a total value of $5,685,263.36. The disclosure for this sale can be found here. Insiders have sold a total of 281,503 shares of company stock valued at $33,988,063 over the last quarter. Insiders own 7.92% of the company’s stock.

DoorDash Stock Performance

NASDAQ:DASH traded up $2.74 during mid-day trading on Friday, hitting $144.86. 2,658,645 shares of the company’s stock traded hands, compared to its average volume of 3,910,278. DoorDash, Inc. has a 1 year low of $69.90 and a 1 year high of $146.36. The company has a market cap of $59.24 billion, a PE ratio of -134.13, a price-to-earnings-growth ratio of 295.70 and a beta of 1.70. The firm’s 50 day simple moving average is $128.24 and its 200 day simple moving average is $122.26.

DoorDash (NASDAQ:DASH) last issued its quarterly earnings data on Thursday, August 1st. The company reported ($0.38) earnings per share (EPS) 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%. The company’s revenue for the quarter was up 23.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned ($0.44) earnings per share. On average, research analysts expect that DoorDash, Inc. will post 0.01 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts recently commented on the stock. Redburn Atlantic began 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. Barclays boosted their target price on DoorDash from $113.00 to $120.00 and gave the company an “equal weight” rating in a report on Friday, August 2nd. Wedbush reaffirmed a “neutral” rating and set a $115.00 price target on shares of DoorDash in a research report on Friday, August 2nd. Evercore ISI raised their target price on shares of DoorDash from $145.00 to $155.00 and gave the stock an “outperform” rating in a research report on Friday, August 2nd. Finally, Wells Fargo & Company upped their price target on shares of DoorDash from $127.00 to $142.00 and gave the company an “equal weight” rating in a research report on Friday. Ten investment analysts have rated the stock with a hold rating and twenty-three have assigned a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $146.91.

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.