Harbor Capital Advisors Inc. Buys 1,901 Shares of DoorDash, Inc. (NASDAQ:DASH)

Harbor Capital Advisors Inc. grew its stake in DoorDash, Inc. (NASDAQ:DASH) by 12.3% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 17,399 shares of the company’s stock after purchasing an additional 1,901 shares during the quarter. Harbor Capital Advisors Inc.’s holdings in DoorDash were worth $1,893,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Spire Wealth Management bought a new position in shares of DoorDash in the 1st quarter worth about $25,000. Venturi Wealth Management LLC increased its stake in shares of DoorDash by 54.5% in the 1st quarter. Venturi Wealth Management LLC now owns 255 shares of the company’s stock worth $35,000 after acquiring an additional 90 shares in the last quarter. Versant Capital Management Inc increased its stake in DoorDash by 340.8% during the 2nd quarter. Versant Capital Management Inc now owns 335 shares of the company’s stock valued at $36,000 after purchasing an additional 259 shares in the last quarter. ORG Partners LLC increased its stake in DoorDash by 2,108.3% during the 1st quarter. ORG Partners LLC now owns 265 shares of the company’s stock valued at $37,000 after purchasing an additional 253 shares in the last quarter. Finally, Parkside Financial Bank & Trust increased its stake in DoorDash by 361.2% during the 4th quarter. Parkside Financial Bank & Trust now owns 392 shares of the company’s stock valued at $39,000 after purchasing an additional 307 shares in the last quarter. 90.64% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, CEO Tony Xu sold 131,590 shares of the company’s stock in a transaction dated Monday, June 10th. The shares were sold at an average price of $111.61, for a total value of $14,686,759.90. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other DoorDash news, CEO Tony Xu sold 131,590 shares of the business’s stock in a transaction dated Monday, June 10th. The shares were sold at an average price of $111.61, for a total value of $14,686,759.90. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Keith Yandell sold 12,088 shares of the business’s stock in a transaction dated Wednesday, June 5th. The stock was sold at an average price of $111.84, for a total transaction of $1,351,921.92. Following the completion of the transaction, the insider now owns 161,651 shares of the company’s stock, valued at $18,079,047.84. The disclosure for this sale can be found here. Insiders sold a total of 459,016 shares of company stock valued at $50,325,396 over the last three months. 7.92% of the stock is owned by company insiders.

DoorDash Stock Performance

NASDAQ DASH traded up $1.23 on Wednesday, hitting $123.87. 5,389,629 shares of the stock were exchanged, compared to its average volume of 4,134,831. The stock has a fifty day moving average price of $109.73 and a two-hundred day moving average price of $118.69. The firm has a market capitalization of $50.65 billion, a P/E ratio of -113.56, a P/E/G ratio of 40.25 and a beta of 1.67. DoorDash, Inc. has a 52-week low of $69.90 and a 52-week high of $143.34.

DoorDash (NASDAQ:DASH) last issued its earnings results on Thursday, August 1st. The company reported ($0.38) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.09) by ($0.29). The company had revenue of $2.63 billion for the quarter, compared to analysts’ expectations of $2.54 billion. DoorDash had a negative net margin of 4.24% and a negative return on equity of 6.00%. The firm’s revenue for the quarter was up 23.3% compared to the same quarter last year. During the same period in the prior year, the firm posted ($0.44) earnings per share. Sell-side analysts expect that DoorDash, Inc. will post 0.07 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

DASH has been the topic of a number of recent analyst reports. DA Davidson raised their price target on shares of DoorDash from $110.00 to $119.00 and gave the company a “neutral” rating in a report on Monday. Moffett Nathanson raised shares of DoorDash from a “neutral” rating to a “buy” rating and raised their price target for the company from $118.00 to $164.00 in a report on Thursday, April 11th. Citigroup raised their price target on shares of DoorDash from $141.00 to $144.00 and gave the company a “buy” rating in a report on Thursday, May 2nd. Loop Capital initiated coverage on shares of DoorDash in a report on Friday, April 19th. They set a “buy” rating and a $170.00 price target on the stock. Finally, Truist Financial raised their price target on shares of DoorDash from $145.00 to $150.00 and gave the company a “buy” rating in a report on Friday, August 2nd. Eleven equities research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company. According to data from MarketBeat.com, DoorDash presently has an average rating of “Moderate Buy” and a consensus target price of $141.93.

About DoorDash

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.