ProShare Advisors LLC Has $159.25 Million Stake in DoorDash, Inc. $DASH

ProShare Advisors LLC grew its holdings in DoorDash, Inc. (NASDAQ:DASH) by 40.1% during the fourth quarter, Holdings Channel.com reports. The firm owned 703,161 shares of the company’s stock after buying an additional 201,326 shares during the period. ProShare Advisors LLC’s holdings in DoorDash were worth $159,252,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in DASH. Brighton Jones LLC increased its holdings in DoorDash by 24.0% in the fourth quarter. Brighton Jones LLC now owns 9,336 shares of the company’s stock worth $1,566,000 after buying an additional 1,807 shares during the last quarter. Integrated Wealth Concepts LLC increased its holdings in DoorDash by 21.5% in the first quarter. Integrated Wealth Concepts LLC now owns 1,715 shares of the company’s stock worth $314,000 after buying an additional 303 shares during the last quarter. Empowered Funds LLC increased its holdings in DoorDash by 3.6% in the first quarter. Empowered Funds LLC now owns 8,130 shares of the company’s stock worth $1,486,000 after buying an additional 285 shares during the last quarter. Sivia Capital Partners LLC increased its holdings in DoorDash by 92.9% in the second quarter. Sivia Capital Partners LLC now owns 4,255 shares of the company’s stock worth $1,049,000 after buying an additional 2,049 shares during the last quarter. Finally, Baird Financial Group Inc. acquired a new position in DoorDash in the second quarter worth approximately $222,000. Institutional investors and hedge funds own 90.64% of the company’s stock.

Insider Buying and Selling at DoorDash

In other DoorDash news, Director Stanley Tang sold 21,433 shares of the stock in a transaction that occurred on Thursday, April 2nd. The stock was sold at an average price of $150.00, for a total transaction of $3,214,950.00. Following the transaction, the director owned 19,279 shares in the company, valued at $2,891,850. This trade represents a 52.65% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, COO Prabir Adarkar sold 10,000 shares of the stock in a transaction that occurred on Monday, April 20th. The shares were sold at an average price of $188.34, for a total value of $1,883,400.00. Following the transaction, the chief operating officer owned 843,678 shares in the company, valued at approximately $158,898,314.52. This trade represents a 1.17% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 42,683 shares of company stock worth $6,908,813 over the last 90 days. Insiders own 5.83% of the company’s stock.

DoorDash Trading Up 2.2%

Shares of DASH stock opened at $162.67 on Tuesday. DoorDash, Inc. has a 12 month low of $143.30 and a 12 month high of $285.50. The company has a quick ratio of 1.43, a current ratio of 1.43 and a debt-to-equity ratio of 0.27. The business’s 50 day moving average is $164.17 and its two-hundred day moving average is $191.96. The company has a market cap of $70.88 billion, a PE ratio of 77.46 and a beta of 1.87.

DoorDash (NASDAQ:DASH) last announced its quarterly earnings results on Wednesday, May 6th. The company reported $0.42 EPS for the quarter, beating the consensus estimate of $0.36 by $0.06. DoorDash had a return on equity of 9.58% and a net margin of 6.29%.The company had revenue of $4.04 billion for the quarter, compared to the consensus estimate of $4.15 billion. During the same quarter last year, the company posted $0.44 earnings per share. The company’s revenue for the quarter was up 33.1% compared to the same quarter last year. Equities analysts predict that DoorDash, Inc. will post 2.45 EPS for the current year.

Analysts Set New Price Targets

DASH has been the topic of a number of research reports. Cantor Fitzgerald dropped their price objective on DoorDash from $285.00 to $230.00 and set an “overweight” rating on the stock in a report on Thursday, February 19th. Stifel Nicolaus dropped their price objective on DoorDash from $215.00 to $185.00 and set a “hold” rating on the stock in a report on Monday, April 13th. The Goldman Sachs Group set a $280.00 price objective on DoorDash in a report on Thursday, May 7th. Susquehanna dropped their price objective on DoorDash from $250.00 to $225.00 and set a “positive” rating on the stock in a report on Friday, May 8th. Finally, Piper Sandler dropped their price objective on DoorDash from $220.00 to $205.00 and set a “neutral” rating on the stock in a report on Thursday, May 7th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-five have given a Buy rating and nine have given a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $259.58.

DoorDash Company 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.