DoorDash, Inc. $DASH Shares Purchased by Apollon Wealth Management LLC

Apollon Wealth Management LLC increased its position in shares of DoorDash, Inc. (NASDAQ:DASH) by 46.2% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 8,409 shares of the company’s stock after purchasing an additional 2,656 shares during the quarter. Apollon Wealth Management LLC’s holdings in DoorDash were worth $2,287,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its position in shares of DoorDash by 4.6% in the second quarter. Vanguard Group Inc. now owns 41,190,085 shares of the company’s stock valued at $10,153,768,000 after buying an additional 1,792,799 shares during the last quarter. State Street Corp raised its holdings in DoorDash by 3.1% in the 2nd quarter. State Street Corp now owns 14,387,499 shares of the company’s stock valued at $3,546,662,000 after acquiring an additional 427,722 shares during the last quarter. Geode Capital Management LLC raised its holdings in DoorDash by 2.9% in the 2nd quarter. Geode Capital Management LLC now owns 7,951,230 shares of the company’s stock valued at $1,950,711,000 after acquiring an additional 223,188 shares during the last quarter. Invesco Ltd. lifted its stake in DoorDash by 12.0% in the 2nd quarter. Invesco Ltd. now owns 5,375,480 shares of the company’s stock worth $1,325,110,000 after purchasing an additional 575,629 shares in the last quarter. Finally, Norges Bank acquired a new position in shares of DoorDash during the 2nd quarter worth approximately $1,185,576,000. Hedge funds and other institutional investors own 90.64% of the company’s stock.

Analyst Ratings Changes

Several research firms recently commented on DASH. Citigroup reaffirmed a “market outperform” rating on shares of DoorDash in a report on Monday, November 24th. DA Davidson restated a “neutral” rating and issued a $260.00 target price on shares of DoorDash in a report on Thursday, November 6th. Barclays cut their target price on DoorDash from $272.00 to $238.00 and set an “equal weight” rating for the company in a research note on Thursday, November 6th. Wedbush boosted their price target on shares of DoorDash from $260.00 to $270.00 and gave the company an “outperform” rating in a research report on Friday, December 19th. Finally, Bank of America dropped their price objective on shares of DoorDash from $325.00 to $305.00 and set a “buy” rating for the company in a report on Thursday, November 6th. One investment analyst has rated the stock with a Strong Buy rating, twenty-six have given a Buy rating and ten have given a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $275.74.

Insider Activity at DoorDash

In other news, COO Prabir Adarkar sold 30,000 shares of the stock in a transaction dated Monday, December 22nd. The shares were sold at an average price of $234.57, for a total transaction of $7,037,100.00. Following the sale, the chief operating officer owned 874,130 shares of the company’s stock, valued at approximately $205,044,674.10. This represents a 3.32% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Stanley Tang sold 45,410 shares of the firm’s stock in a transaction that occurred on Monday, December 1st. The shares were sold at an average price of $205.07, for a total transaction of $9,312,228.70. The SEC filing for this sale provides additional information. Insiders sold a total of 552,071 shares of company stock worth $116,812,955 over the last ninety days. Company insiders own 5.83% of the company’s stock.

DoorDash Stock Down 1.2%

DoorDash stock opened at $228.13 on Wednesday. The company has a market capitalization of $98.32 billion, a PE ratio of 115.80 and a beta of 1.72. The company has a debt-to-equity ratio of 0.29, a quick ratio of 2.04 and a current ratio of 2.04. DoorDash, Inc. has a fifty-two week low of $155.40 and a fifty-two week high of $285.50. The firm has a 50 day moving average price of $223.01 and a 200 day moving average price of $241.42.

DoorDash (NASDAQ:DASH) last released its quarterly 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). DoorDash had a return on equity of 9.97% and a net margin of 6.83%.The firm had revenue of $3.45 billion for the quarter, compared to analyst estimates of $3.35 billion. During the same quarter last year, the company earned $0.38 earnings per share. The firm’s revenue for the quarter was up 27.3% on a year-over-year basis. Research analysts expect that DoorDash, Inc. will post 2.22 earnings per share for the current year.

About DoorDash

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.