DoorDash, Inc. $DASH Shares Acquired by Phoenix Financial Ltd.

Phoenix Financial Ltd. raised its stake in DoorDash, Inc. (NASDAQ:DASH) by 642.7% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 27,003 shares of the company’s stock after acquiring an additional 23,367 shares during the quarter. Phoenix Financial Ltd.’s holdings in DoorDash were worth $4,956,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of DASH. Fairscale Capital LLC boosted its holdings in DoorDash by 128.6% in the 3rd quarter. Fairscale Capital LLC now owns 144 shares of the company’s stock valued at $25,000 after purchasing an additional 81 shares during the period. Washington Trust Advisors Inc. increased its holdings in shares of DoorDash by 81.0% during the second quarter. Washington Trust Advisors Inc. now owns 143 shares of the company’s stock worth $26,000 after purchasing an additional 64 shares during the period. Activest Wealth Management increased its holdings in shares of DoorDash by 892.9% during the third quarter. Activest Wealth Management now owns 139 shares of the company’s stock worth $26,000 after purchasing an additional 125 shares during the period. City State Bank increased its holdings in shares of DoorDash by 56.0% during the third quarter. City State Bank now owns 156 shares of the company’s stock worth $29,000 after purchasing an additional 56 shares during the period. Finally, Signature Equity Partners LLC raised its position in shares of DoorDash by 213.5% in the third quarter. Signature Equity Partners LLC now owns 163 shares of the company’s stock valued at $30,000 after buying an additional 111 shares in the last quarter. 90.64% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at DoorDash

In other news, Director Andy Fang sold 15,000 shares of DoorDash stock in a transaction dated Tuesday, September 1st. The shares were sold at an average price of $228.31, for a total value of $3,424,650.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, COO Prabir Adarkar sold 55,289 shares of the firm’s stock in a transaction on Tuesday, August 25th. The stock was sold at an average price of $231.76, for a total value of $12,813,778.64. Following the completion of the transaction, the chief operating officer directly owned 930,211 shares of the company’s stock, valued at $215,585,701.36. The trade was a 5.61% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders have sold 349,430 shares of company stock worth $76,644,002. Company insiders own 44.90% of the company’s stock.

DoorDash Trading Down 0.6%

NASDAQ:DASH traded down $1.07 on Friday, reaching $171.51. 5,259,525 shares of the stock traded hands, compared to its average volume of 5,785,146. The company has a current ratio of 1.46, a quick ratio of 1.46 and a debt-to-equity ratio of 0.25. DoorDash, Inc. has a 1-year low of $143.30 and a 1-year high of $239.00. The company’s 50 day moving average is $188.16 and its 200-day moving average is $181.73. The firm has a market capitalization of $74.77 billion, a price-to-earnings ratio of 70.87, a price-to-earnings-growth ratio of 1.43 and a beta of 1.98.

DoorDash (NASDAQ:DASH) last released its quarterly earnings data on Thursday, October 29th. The company reported $1.06 earnings per share for the quarter, beating the consensus estimate of $0.81 by $0.25. DoorDash had a net margin of 6.23% and a return on equity of 10.40%. The company had revenue of $4.62 billion during the quarter, compared to analyst estimates of $4.56 billion. During the same quarter in the previous year, the business posted $0.55 EPS. DoorDash’s revenue for the quarter was up 34.0% compared to the same quarter last year. Equities research analysts anticipate that DoorDash, Inc. will post 2.69 EPS for the current fiscal year.

Latest DoorDash News

Here’s some of the latest news about DASH:

• Positive Sentiment: A gig-economy stock roundup included DASH among companies investors may want to watch, though it did not identify a new DoorDash-specific business development. Article: Must-Watch Gig Economy Stocks to Charge Up Your Portfolio
• Neutral Sentiment: DoorDash plans to test a weather-resilient robot delivery system in Salt Lake City. The pilot could eventually inform delivery efficiency, but its financial contribution is not yet clear. Article: DoorDash to test weather-resilient robot delivery system in Salt Lake City
• Negative Sentiment: Amazon’s offer of free Uber Eats delivery to Prime members could intensify competition for DoorDash, potentially challenging order volume, customer retention, and the value of its DashPass membership. This competitive concern is cited in coverage of DASH’s recent weekly decline. Article: DoorDash Sinks 10% in a Week as Amazon Gives Prime Members Free Uber Eats Delivery

Analyst Ratings Changes

Several research firms have commented on DASH. Deutsche Bank raised their target price on shares of DoorDash from $255.00 to $260.00 and gave the company a “buy” rating in a report on Thursday, August 6th. Guggenheim reaffirmed a “buy” rating and set a $255.00 price target on shares of DoorDash in a report on Wednesday, October 14th. Mizuho set a $255.00 price target on shares of DoorDash in a research report on Friday, October 30th. Argus lifted their price objective on shares of DoorDash from $190.00 to $270.00 in a research note on Thursday, August 27th. Finally, Piper Sandler reissued a “neutral” rating and issued a $220.00 price objective (up from $205.00) on shares of DoorDash in a research note on Thursday, August 6th. One analyst has rated the stock with a Strong Buy rating, thirty-one have issued a Buy rating and ten have assigned a Hold rating to the company’s stock. According to MarketBeat.com, DoorDash presently has an average rating of “Moderate Buy” and an average price target of $249.45.

DoorDash Company Profile

DoorDash, Inc. operates a local commerce platform that connects consumers with restaurants and other merchants, as well as with independent delivery workers. Through its app and website, customers can order restaurant meals, groceries, convenience items and products from other local retailers for delivery or pickup. The company also provides services for merchants, including tools for online ordering, marketing and fulfillment. Its offerings include DoorDash Drive, which provides delivery logistics for merchants’ own orders, and DashPass, a subscription program for eligible orders.