Pacer Advisors Inc. Sells 3,631 Shares of DoorDash, Inc. $DASH

Pacer Advisors Inc. decreased its position in shares of DoorDash, Inc. (NASDAQ:DASHFree Report) by 5.8% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 58,976 shares of the company’s stock after selling 3,631 shares during the quarter. Pacer Advisors Inc.’s holdings in DoorDash were worth $13,357,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Brighton Jones LLC boosted its holdings in DoorDash by 24.0% in the fourth 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 during the last quarter. Integrated Wealth Concepts LLC lifted its position in DoorDash by 21.5% during the 1st quarter. Integrated Wealth Concepts LLC now owns 1,715 shares of the company’s stock valued at $314,000 after purchasing an additional 303 shares during the period. Empowered Funds LLC lifted its position in DoorDash by 3.6% during the 1st 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 during the period. Sivia Capital Partners LLC boosted its stake in shares of DoorDash by 92.9% in the 2nd quarter. Sivia Capital Partners LLC now owns 4,255 shares of the company’s stock valued at $1,049,000 after purchasing an additional 2,049 shares during the last quarter. Finally, Baird Financial Group Inc. bought a new position in shares of DoorDash in the 2nd quarter valued at about $222,000. 90.64% of the stock is currently owned by institutional investors.

DoorDash Stock Up 0.0%

Shares of NASDAQ DASH opened at $173.49 on Friday. The stock has a market cap of $75.59 billion, a P/E ratio of 82.61 and a beta of 1.83. The firm has a 50 day moving average price of $164.07 and a 200 day moving average price of $183.31. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.43 and a current ratio of 1.43. DoorDash, Inc. has a 52-week low of $143.30 and a 52-week high of $285.50.

DoorDash (NASDAQ:DASHGet Free Report) last posted its earnings results on Wednesday, May 6th. The company reported $0.42 earnings per share for the quarter, topping the consensus estimate of $0.36 by $0.06. The company had revenue of $4.04 billion for the quarter, compared to analyst estimates of $4.15 billion. DoorDash had a net margin of 6.29% and a return on equity of 9.58%. The business’s revenue for the quarter was up 33.1% compared to the same quarter last year. During the same period last year, the business posted $0.44 earnings per share. Analysts expect that DoorDash, Inc. will post 2.44 EPS for the current year.

Key Stories Impacting DoorDash

Here are the key news stories impacting DoorDash this week:

Insider Activity

In other DoorDash news, Director Stanley Tang sold 21,433 shares of the business’s stock in a transaction dated Thursday, April 2nd. The stock was sold at an average price of $150.00, for a total value of $3,214,950.00. Following the completion of the transaction, the director directly owned 19,279 shares of the company’s stock, valued at approximately $2,891,850. The trade was a 52.65% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Keith Yandell sold 2,643 shares of the business’s stock in a transaction dated Tuesday, May 26th. The shares were sold at an average price of $155.34, for a total value of $410,563.62. Following the completion of the transaction, the insider directly owned 81,106 shares of the company’s stock, valued at approximately $12,599,006.04. The trade was a 3.16% 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. Insiders have sold 68,558 shares of company stock worth $10,914,640 in the last 90 days. Corporate insiders own 5.83% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on DASH. Piper Sandler cut their price objective on shares of DoorDash from $220.00 to $205.00 and set a “neutral” rating on the stock in a report on Thursday, May 7th. Weiss Ratings raised shares of DoorDash from a “hold (c-)” rating to a “hold (c)” rating in a report on Wednesday, May 13th. UBS Group upped their target price on shares of DoorDash from $206.00 to $214.00 and gave the company a “neutral” rating in a research report on Thursday, May 7th. Argus set a $190.00 target price on shares of DoorDash in a research report on Thursday, June 11th. Finally, The Goldman Sachs Group set a $280.00 price target on DoorDash in a research note on Thursday, May 7th. Two research analysts have rated the stock with a Strong Buy rating, twenty-five have given a Buy rating and nine have assigned a Hold rating to the company’s stock. According to MarketBeat.com, DoorDash has a consensus rating of “Moderate Buy” and a consensus price target of $256.11.

Get Our Latest Stock Report on DoorDash

DoorDash Profile

(Free Report)

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.

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Institutional Ownership by Quarter for DoorDash (NASDAQ:DASH)

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