Knights of Columbus Asset Advisors LLC Buys New Shares in DoorDash, Inc. $DASH

Knights of Columbus Asset Advisors LLC purchased a new position in shares of DoorDash, Inc. (NASDAQ:DASH) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 7,725 shares of the company’s stock, valued at approximately $2,101,000.

A number of other institutional investors also recently made changes to their positions in DASH. GFG Capital LLC bought a new stake in DoorDash in the second quarter worth $30,000. Sound Income Strategies LLC increased its holdings in shares of DoorDash by 2,760.0% in the third quarter. Sound Income Strategies LLC now owns 143 shares of the company’s stock worth $39,000 after buying an additional 138 shares during the period. Annis Gardner Whiting Capital Advisors LLC increased its holdings in shares of DoorDash by 74.3% in the third quarter. Annis Gardner Whiting Capital Advisors LLC now owns 176 shares of the company’s stock worth $48,000 after buying an additional 75 shares during the period. Asset Planning Inc bought a new stake in shares of DoorDash in the 3rd quarter valued at about $50,000. Finally, NewSquare Capital LLC grew its position in DoorDash by 610.3% during the 2nd quarter. NewSquare Capital LLC now owns 206 shares of the company’s stock worth $51,000 after acquiring an additional 177 shares during the last quarter. Hedge funds and other institutional investors own 90.64% of the company’s stock.

Wall Street Analysts Forecast Growth

DASH has been the topic of several recent analyst reports. Wedbush raised their target price on shares of DoorDash from $260.00 to $270.00 and gave the stock an “outperform” rating in a report on Friday, December 19th. Guggenheim lowered their price objective on shares of DoorDash from $280.00 to $275.00 and set a “buy” rating for the company in a research note on Thursday. Jefferies Financial Group lifted their target price on shares of DoorDash from $260.00 to $270.00 and gave the company a “buy” rating in a research note on Thursday, December 11th. Needham & Company LLC reduced their price target on shares of DoorDash from $300.00 to $275.00 and set a “buy” rating on the stock in a research report on Friday, November 14th. Finally, Royal Bank Of Canada lowered their price objective on shares of DoorDash from $300.00 to $270.00 and set an “outperform” rating for the company in a report on Thursday, November 6th. Three analysts have rated the stock with a Strong Buy rating, twenty-five have issued a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, DoorDash currently has a consensus rating of “Moderate Buy” and an average price target of $280.29.

DoorDash Stock Performance

Shares of DASH opened at $204.62 on Friday. The firm has a market capitalization of $88.19 billion, a P/E ratio of 103.87 and a beta of 1.70. The company has a debt-to-equity ratio of 0.29, a current ratio of 2.04 and a quick ratio of 2.04. DoorDash, Inc. has a one year low of $155.40 and a one year high of $285.50. The business has a fifty day moving average of $217.75 and a 200 day moving average of $237.98.

DoorDash (NASDAQ:DASH) last announced its earnings results on Wednesday, November 5th. The company reported $0.55 EPS for the quarter, missing analysts’ consensus estimates of $0.68 by ($0.13). The business had revenue of $3.45 billion for the quarter, compared to analysts’ expectations of $3.35 billion. DoorDash had a net margin of 6.83% and a return on equity of 9.97%. The firm’s quarterly revenue was up 27.3% on a year-over-year basis. During the same period in the prior year, the company posted $0.38 earnings per share. As a group, sell-side analysts anticipate that DoorDash, Inc. will post 2.22 EPS for the current year.

Insider Activity

In other DoorDash news, Director Shona L. Brown sold 1,250 shares of the company’s stock in a transaction that occurred on Friday, January 9th. The stock was sold at an average price of $222.33, for a total value of $277,912.50. Following the completion of the transaction, the director directly owned 33,502 shares in the company, valued at $7,448,499.66. This represents a 3.60% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, COO Prabir Adarkar sold 15,000 shares of the company’s stock in a transaction on Tuesday, January 20th. The stock was sold at an average price of $204.59, for a total transaction of $3,068,850.00. Following the transaction, the chief operating officer owned 874,130 shares of the company’s stock, valued at approximately $178,838,256.70. This represents a 1.69% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 632,885 shares of company stock worth $133,222,817. 5.83% of the stock is currently owned by insiders.

DoorDash Profile

DoorDash, Inc operates a technology-driven logistics and food-delivery marketplace that connects consumers, merchants and independent delivery contractors. The company’s core service enables customers to order from local restaurants and retailers through its app and website while DoorDash handles last-mile fulfillment via its network of drivers, known as “Dashers.” Over time the platform has broadened beyond restaurant deliveries to include groceries, convenience items and retail deliveries, positioning DoorDash as a broader on-demand logistics provider for consumer goods.

In addition to its marketplace, DoorDash offers a suite of products and services for consumers and businesses.