380 Shares in DoorDash, Inc. (NASDAQ:DASH) Purchased by Hollencrest Capital Management

Hollencrest Capital Management bought a new stake in shares of DoorDash, Inc. (NASDAQ:DASH) in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm bought 380 shares of the company’s stock, valued at approximately $54,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Brighton Jones LLC raised its position in shares of DoorDash by 0.8% in the second quarter. Brighton Jones LLC now owns 10,317 shares of the company’s stock valued at $1,122,000 after buying an additional 82 shares during the last quarter. Everhart Financial Group Inc. lifted its stake 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 worth $355,000 after purchasing an additional 99 shares during the period. E Fund Management Co. Ltd. boosted its holdings in shares of DoorDash by 3.5% during the second quarter. E Fund Management Co. Ltd. now owns 3,263 shares of the company’s stock worth $355,000 after purchasing an additional 111 shares during the last quarter. SJS Investment Consulting Inc. grew its position in shares of DoorDash by 21.0% in the second 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. Finally, Meeder Advisory Services Inc. increased its stake in DoorDash by 4.4% in the first quarter. Meeder Advisory Services Inc. now owns 3,006 shares of the company’s stock valued at $414,000 after purchasing an additional 126 shares during the last quarter. Institutional investors and hedge funds own 90.64% of the company’s stock.

Wall Street Analyst Weigh In

DASH has been the topic of a number of research analyst reports. KeyCorp raised their price target on DoorDash from $177.00 to $180.00 and gave the stock an “overweight” rating in a research note on Thursday, October 31st. Needham & Company LLC raised their target price on shares of DoorDash from $145.00 to $180.00 and gave the stock a “buy” rating in a research report on Thursday, October 31st. UBS Group boosted their target price on shares of DoorDash from $143.00 to $160.00 and gave the company a “neutral” rating in a report on Friday, October 18th. Mizuho increased their price target on shares of DoorDash from $162.00 to $173.00 and gave the stock an “outperform” rating in a research note on Thursday, October 24th. Finally, Royal Bank of Canada boosted their price objective on shares of DoorDash from $165.00 to $175.00 and gave the company an “outperform” rating in a research note on Thursday, October 31st. Ten equities research analysts have rated the stock with a hold rating and twenty-four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, DoorDash currently has an average rating of “Moderate Buy” and an average price target of $163.12.

Insiders Place Their Bets

In other news, Director Andy Fang sold 50,000 shares of the business’s stock in a transaction that occurred on Monday, October 14th. The stock was sold at an average price of $149.83, for a total value of $7,491,500.00. Following the completion of the sale, the director now directly owns 18,089 shares in the company, valued at approximately $2,710,274.87. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other DoorDash news, COO Prabir Adarkar sold 32,124 shares of the firm’s stock in a transaction dated Tuesday, October 15th. The shares were sold at an average price of $147.99, for a total value of $4,754,030.76. Following the transaction, the chief operating officer now owns 963,094 shares of the company’s stock, valued at $142,528,281.06. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Andy Fang sold 50,000 shares of DoorDash stock in a transaction that occurred on Monday, October 14th. The shares were sold at an average price of $149.83, for a total value of $7,491,500.00. Following the completion of the transaction, the director now owns 18,089 shares of the company’s stock, valued at approximately $2,710,274.87. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 324,539 shares of company stock valued at $46,439,330 in the last quarter. Insiders own 7.92% of the company’s stock.

DoorDash Price Performance

NASDAQ DASH opened at $171.40 on Friday. The company has a market capitalization of $70.54 billion, a price-to-earnings ratio of -380.89, a price-to-earnings-growth ratio of 13.65 and a beta of 1.67. DoorDash, Inc. has a 12 month low of $83.58 and a 12 month high of $172.18. The company’s fifty day moving average price is $144.18 and its two-hundred day moving average price is $125.46.

DoorDash (NASDAQ:DASH) last issued its quarterly earnings results on Wednesday, October 30th. The company reported $0.38 EPS for the quarter, topping the consensus estimate of $0.21 by $0.17. The business had revenue of $2.71 billion for the quarter, compared to analysts’ expectations of $2.66 billion. DoorDash had a negative net margin of 1.69% and a negative return on equity of 2.41%. The company’s quarterly revenue was up 25.0% compared to the same quarter last year. During the same quarter last year, the company posted ($0.19) earnings per share. As a group, analysts anticipate that DoorDash, Inc. will post 0.23 EPS for the current year.

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.