Bleakley Financial Group LLC Raises Position in DoorDash, Inc. (NASDAQ:DASH)

Bleakley Financial Group LLC raised its holdings in shares of DoorDash, Inc. (NASDAQ:DASH) by 47.3% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 7,324 shares of the company’s stock after acquiring an additional 2,351 shares during the quarter. Bleakley Financial Group LLC’s holdings in DoorDash were worth $1,045,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also modified their holdings of the business. Brighton Jones LLC boosted its stake in shares of DoorDash by 0.8% during the 2nd quarter. Brighton Jones LLC now owns 10,317 shares of the company’s stock worth $1,122,000 after acquiring an additional 82 shares during the last quarter. Everhart Financial Group Inc. raised its position in shares of DoorDash by 3.1% during the 2nd quarter. Everhart Financial Group Inc. now owns 3,267 shares of the company’s stock valued at $355,000 after purchasing an additional 99 shares during the period. GAMMA Investing LLC raised its position in shares of DoorDash by 17.2% during the 1st quarter. GAMMA Investing LLC now owns 736 shares of the company’s stock valued at $101,000 after purchasing an additional 108 shares during the period. E Fund Management Co. Ltd. raised its position in shares of DoorDash by 3.5% during the 2nd quarter. E Fund Management Co. Ltd. now owns 3,263 shares of the company’s stock valued at $355,000 after purchasing an additional 111 shares during the period. Finally, SJS Investment Consulting Inc. raised its position in shares of DoorDash by 21.0% during the 2nd quarter. SJS Investment Consulting Inc. now owns 673 shares of the company’s stock valued at $73,000 after purchasing an additional 117 shares during the period. Hedge funds and other institutional investors own 90.64% of the company’s stock.

DoorDash Stock Up 0.4 %

Shares of DASH opened at $151.98 on Monday. The company has a market cap of $62.15 billion, a price-to-earnings ratio of -140.72, a price-to-earnings-growth ratio of 425.82 and a beta of 1.70. DoorDash, Inc. has a twelve month low of $69.90 and a twelve month high of $152.52. The company has a 50 day moving average of $135.26 and a two-hundred day moving average of $122.85.

DoorDash (NASDAQ:DASH) last announced its earnings results 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 firm had revenue of $2.63 billion during the quarter, compared to analyst estimates of $2.54 billion. DoorDash had a negative net margin of 4.24% and a negative return on equity of 5.91%. DoorDash’s revenue was up 23.3% on a year-over-year basis. During the same quarter last 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.

Insiders Place Their Bets

In other DoorDash news, CEO Tony Xu sold 81,249 shares of the firm’s stock in a transaction on Tuesday, October 15th. The shares were sold at an average price of $147.87, for a total value of $12,014,289.63. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other DoorDash news, CEO Tony Xu sold 81,249 shares of the firm’s stock in a transaction on Tuesday, October 15th. The shares were sold at an average price of $147.87, for a total value of $12,014,289.63. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Shona L. Brown sold 5,005 shares of the firm’s stock in a transaction on Monday, August 5th. The stock was sold at an average price of $120.00, for a total transaction of $600,600.00. Following the completion of the transaction, the director now directly owns 65,186 shares of the company’s stock, valued at approximately $7,822,320. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 390,710 shares of company stock valued at $54,472,120. Insiders own 7.92% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on DASH. Evercore ISI raised their price objective on shares of DoorDash from $145.00 to $155.00 and gave the company an “outperform” rating in a research report on Friday, August 2nd. BTIG Research upgraded shares of DoorDash from a “neutral” rating to a “buy” rating and set a $155.00 price objective on the stock in a research report on Thursday, September 19th. Argus initiated coverage on shares of DoorDash in a report on Tuesday, July 23rd. They issued a “hold” rating on the stock. Wolfe Research started coverage on shares of DoorDash in a research note on Tuesday, July 16th. They issued an “outperform” rating and a $130.00 price target on the stock. Finally, Raymond James initiated coverage on DoorDash in a research report on Tuesday, September 24th. They set an “outperform” rating and a $155.00 price objective for the company. Ten investment analysts have rated the stock with a hold rating and twenty-three have given a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $148.16.

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.