DoorDash, Inc. $DASH Shares Bought by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC boosted its stake in DoorDash, Inc. (NASDAQ:DASH) by 352.8% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 180,528 shares of the company’s stock after purchasing an additional 140,659 shares during the quarter. Nisa Investment Advisors LLC’s holdings in DoorDash were worth $33,136,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the stock. Washington Trust Advisors Inc. raised its holdings in DoorDash by 81.0% in the 2nd quarter. Washington Trust Advisors Inc. now owns 143 shares of the company’s stock worth $26,000 after purchasing an additional 64 shares in the last quarter. Premier Path Wealth Partners LLC lifted its stake in shares of DoorDash by 2.7% in the 2nd quarter. Premier Path Wealth Partners LLC now owns 2,520 shares of the company’s stock valued at $465,000 after purchasing an additional 67 shares during the period. V Square Quantitative Management LLC boosted its position in shares of DoorDash by 3.3% during the first quarter. V Square Quantitative Management LLC now owns 2,327 shares of the company’s stock valued at $349,000 after purchasing an additional 74 shares in the last quarter. Rehmann Capital Advisory Group boosted its position in shares of DoorDash by 8.0% during the fourth quarter. Rehmann Capital Advisory Group now owns 1,107 shares of the company’s stock valued at $251,000 after purchasing an additional 82 shares in the last quarter. Finally, AdvisorNet Financial Inc boosted its position in shares of DoorDash by 8.4% during the third quarter. AdvisorNet Financial Inc now owns 1,339 shares of the company’s stock valued at $246,000 after purchasing an additional 104 shares in the last quarter. 90.64% of the stock is owned by hedge funds and other institutional investors.

DoorDash Price Performance

DASH stock opened at $191.67 on Wednesday. The firm has a 50 day moving average price of $204.10 and a 200-day moving average price of $184.78. DoorDash, Inc. has a 52-week low of $143.30 and a 52-week high of $269.00. The firm has a market capitalization of $83.05 billion, a price-to-earnings ratio of 100.35 and a beta of 1.90. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.37 and a current ratio of 1.37.

DoorDash (NASDAQ:DASH) last issued its quarterly earnings results on Wednesday, August 5th. The company reported $0.46 EPS for the quarter, missing analysts’ consensus estimates of $0.47 by ($0.01). The company had revenue of $4.45 billion during the quarter, compared to the consensus estimate of $4.34 billion. DoorDash had a return on equity of 8.48% and a net margin of 5.29%. The business’s revenue for the quarter was up 35.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.65 earnings per share. Equities research analysts forecast that DoorDash, Inc. will post 2.51 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the company. Roth Capital increased their price objective on DoorDash from $200.00 to $220.00 and gave the stock a “neutral” rating in a report on Monday, August 10th. Jefferies Financial Group raised their price objective on DoorDash from $225.00 to $250.00 and gave the company a “buy” rating in a research report on Tuesday, August 11th. Cantor Fitzgerald dropped their target price on shares of DoorDash from $260.00 to $240.00 and set an “overweight” rating on the stock in a report on Monday, October 12th. Benchmark boosted their target price on shares of DoorDash from $270.00 to $295.00 in a report on Thursday, August 6th. Finally, Moffett Nathanson reduced their target price on shares of DoorDash from $280.00 to $278.00 and set a “buy” rating on the stock in a research report on Thursday, August 6th. Two investment analysts have rated the stock with a Strong Buy rating, thirty-one have issued a Buy rating, eight have given a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $254.95.

Insider Activity at DoorDash

In other news, Director Andy Fang sold 15,000 shares of the stock in a transaction on Tuesday, September 1st. The stock was sold at an average price of $228.31, for a total value of $3,424,650.00. The transaction was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Stanley Tang sold 72,367 shares of the stock in a transaction on Friday, August 21st. The stock was sold at an average price of $225.16, for a total value of $16,294,153.72. Following the completion of the sale, the director directly owned 10,361 shares in the company, valued at approximately $2,332,882.76. This represents a 87.48% 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. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold 393,998 shares of company stock worth $85,861,330 over the last quarter. 44.90% of the stock is currently owned by company insiders.

About DoorDash

DoorDash, Inc (NASDAQ:DASH) operates a local commerce platform that connects consumers with restaurants, grocery stores, convenience retailers and other merchants. Through its website and mobile applications, customers can browse products, place orders for delivery or pickup, and access related services.

The company provides merchants with ordering, delivery, logistics, marketing and payment tools. Its offerings include the DoorDash Marketplace, subscription programs such as DashPass, and delivery infrastructure that merchants can use through services including DoorDash Drive.