GAMMA Investing LLC Purchases 187 Shares of DoorDash, Inc. (NASDAQ:DASH)

GAMMA Investing LLC increased its position in shares of DoorDash, Inc. (NASDAQ:DASH) by 19.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,128 shares of the company’s stock after purchasing an additional 187 shares during the period. GAMMA Investing LLC’s holdings in DoorDash were worth $189,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of DASH. Asset Management One Co. Ltd. lifted its stake in DoorDash by 10.6% during the third quarter. Asset Management One Co. Ltd. now owns 112,181 shares of the company’s stock worth $16,012,000 after purchasing an additional 10,755 shares during the period. Marshall Wace LLP lifted its position in shares of DoorDash by 930.5% during the 2nd quarter. Marshall Wace LLP now owns 675,988 shares of the company’s stock worth $73,534,000 after buying an additional 610,388 shares during the period. Forsta AP Fonden boosted its stake in DoorDash by 18.6% in the 3rd quarter. Forsta AP Fonden now owns 64,500 shares of the company’s stock valued at $9,206,000 after buying an additional 10,100 shares in the last quarter. Sanctuary Advisors LLC boosted its stake in DoorDash by 48.8% in the 3rd quarter. Sanctuary Advisors LLC now owns 10,663 shares of the company’s stock valued at $1,522,000 after buying an additional 3,498 shares in the last quarter. Finally, Baillie Gifford & Co. grew its position in DoorDash by 13.2% in the third quarter. Baillie Gifford & Co. now owns 14,142,674 shares of the company’s stock valued at $2,018,584,000 after acquiring an additional 1,645,186 shares during the period. 90.64% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on DASH. BTIG Research raised DoorDash from a “neutral” rating to a “buy” rating and set a $155.00 price objective for the company in a report on Thursday, September 19th. Citigroup lifted their price target on shares of DoorDash from $155.00 to $211.00 and gave the company a “buy” rating in a report on Wednesday, November 27th. Evercore ISI upped their price objective on shares of DoorDash from $155.00 to $200.00 and gave the stock an “outperform” rating in a research note on Thursday, October 31st. Piper Sandler lifted their target price on shares of DoorDash from $125.00 to $160.00 and gave the company a “neutral” rating in a research note on Thursday, October 31st. Finally, Susquehanna boosted their target price on DoorDash from $140.00 to $180.00 and gave the stock a “positive” rating in a report on Friday, November 1st. Nine investment analysts have rated the stock with a hold rating and twenty-five have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $171.42.

Insider Activity at DoorDash

In related news, CEO Tony Xu sold 115,432 shares of the business’s stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $177.01, for a total value of $20,432,618.32. Following the completion of the transaction, the chief executive officer now directly owns 1,500 shares in the company, valued at approximately $265,515. The trade was a 98.72 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Stanley Tang sold 50,000 shares of the stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $170.34, for a total value of $8,517,000.00. Following the sale, the director now directly owns 35,413 shares of the company’s stock, valued at approximately $6,032,250.42. The trade was a 58.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 1,032,694 shares of company stock worth $175,964,786 in the last quarter. Corporate insiders own 7.92% of the company’s stock.

DoorDash Price Performance

Shares of DASH stock opened at $173.72 on Thursday. The stock has a market cap of $72.16 billion, a PE ratio of -386.04, a price-to-earnings-growth ratio of 13.56 and a beta of 1.71. The stock has a 50-day moving average of $172.46 and a 200-day moving average of $142.99. DoorDash, Inc. has a one year low of $97.02 and a one year high of $181.78.

DoorDash (NASDAQ:DASH) last issued its earnings results on Wednesday, October 30th. The company reported $0.38 EPS for the quarter, beating the consensus estimate of $0.21 by $0.17. The firm had revenue of $2.71 billion during the quarter, compared to the consensus estimate of $2.66 billion. DoorDash had a negative net margin of 1.69% and a negative return on equity of 2.41%. The business’s quarterly revenue was up 25.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned ($0.19) earnings per share. As a group, research analysts anticipate that DoorDash, Inc. will post 0.26 earnings per share 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.