CPC Advisors LLC Makes New Investment in DoorDash, Inc. $DASH

CPC Advisors LLC acquired a new stake in shares of DoorDash, Inc. (NASDAQ:DASH) in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 18,196 shares of the company’s stock, valued at approximately $4,949,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Brighton Jones LLC lifted its position in DoorDash by 24.0% in the 4th quarter. Brighton Jones LLC now owns 9,336 shares of the company’s stock valued at $1,566,000 after acquiring an additional 1,807 shares in the last quarter. Integrated Wealth Concepts LLC raised its stake in shares of 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 purchasing an additional 303 shares during the last quarter. Empowered Funds LLC lifted its holdings in shares of DoorDash by 3.6% in the first quarter. Empowered Funds LLC now owns 8,130 shares of the company’s stock valued at $1,486,000 after purchasing an additional 285 shares in the last quarter. Focus Partners Wealth boosted its position in shares of DoorDash by 251.6% during the first quarter. Focus Partners Wealth now owns 9,261 shares of the company’s stock valued at $1,693,000 after buying an additional 6,627 shares during the last quarter. Finally, Voya Investment Management LLC boosted its position in shares of DoorDash by 215.5% during the first quarter. Voya Investment Management LLC now owns 83,640 shares of the company’s stock valued at $15,287,000 after buying an additional 57,130 shares during the last quarter. 90.64% of the stock is owned by institutional investors.

DoorDash Stock Down 0.3%

DASH opened at $214.87 on Tuesday. DoorDash, Inc. has a twelve month low of $155.40 and a twelve month high of $285.50. The company’s 50-day moving average price is $217.16 and its two-hundred day moving average price is $241.22. The stock has a market cap of $92.61 billion, a price-to-earnings ratio of 109.07 and a beta of 1.70. The company has a quick ratio of 2.04, a current ratio of 2.04 and a debt-to-equity ratio of 0.29.

DoorDash (NASDAQ:DASH) last posted 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 company had revenue of $3.45 billion during the quarter, compared to the consensus estimate of $3.35 billion. During the same period last year, the firm posted $0.38 EPS. The company’s revenue for the quarter was up 27.3% compared to the same quarter last year. As a group, equities analysts expect that DoorDash, Inc. will post 2.22 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the company. KeyCorp reissued an “overweight” rating and issued a $280.00 price target on shares of DoorDash in a research report on Friday, November 21st. Royal Bank Of Canada dropped their price target on shares of DoorDash from $300.00 to $270.00 and set an “outperform” rating on the stock in a research report on Thursday, November 6th. Weiss Ratings restated a “hold (c)” rating on shares of DoorDash in a report on Wednesday, October 8th. BTIG Research reiterated a “buy” rating and issued a $315.00 price objective on shares of DoorDash in a research note on Thursday, November 6th. Finally, Oppenheimer restated an “outperform” rating and issued a $280.00 target price on shares of DoorDash in a research note on Thursday, November 6th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-five have assigned a Buy rating, nine have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, DoorDash currently has an average rating of “Moderate Buy” and a consensus price target of $277.94.

Insider Activity

In other news, Director Alfred Lin purchased 389,047 shares of the business’s stock in a transaction dated Tuesday, November 25th. The stock was bought at an average price of $193.81 per share, for a total transaction of $75,401,199.07. Following the purchase, the director owned 389,047 shares of the company’s stock, valued at $75,401,199.07. The trade was a ∞ increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Prabir Adarkar sold 30,000 shares of the business’s stock in a transaction dated Monday, December 22nd. The shares were sold at an average price of $234.57, for a total value of $7,037,100.00. Following the completion of the sale, the chief operating officer owned 874,130 shares in the company, valued at $205,044,674.10. This represents a 3.32% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 617,043 shares of company stock worth $130,033,258. 5.83% of the stock is owned by company insiders.

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.