Howard Capital Management Inc. Increases Holdings in DoorDash, Inc. $DASH

Howard Capital Management Inc. raised its stake in DoorDash, Inc. (NASDAQ:DASH) by 203.6% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 7,180 shares of the company’s stock after acquiring an additional 4,815 shares during the period. Howard Capital Management Inc.’s holdings in DoorDash were worth $1,953,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. National Pension Service grew its holdings in shares of DoorDash by 1.1% during the third quarter. National Pension Service now owns 694,111 shares of the company’s stock valued at $188,791,000 after buying an additional 7,655 shares during the last quarter. AlphaQuest LLC lifted its position in DoorDash by 42.5% in the 3rd quarter. AlphaQuest LLC now owns 2,439 shares of the company’s stock valued at $663,000 after acquiring an additional 728 shares in the last quarter. Knights of Columbus Asset Advisors LLC purchased a new stake in DoorDash during the 3rd quarter valued at $2,101,000. Pittenger & Anderson Inc. increased its holdings in shares of DoorDash by 53.3% in the 3rd quarter. Pittenger & Anderson Inc. now owns 4,905 shares of the company’s stock worth $1,334,000 after purchasing an additional 1,705 shares in the last quarter. Finally, Foundations Investment Advisors LLC increased its holdings in shares of DoorDash by 28.5% in the 3rd quarter. Foundations Investment Advisors LLC now owns 3,033 shares of the company’s stock worth $825,000 after purchasing an additional 673 shares in the last quarter. 90.64% of the stock is currently owned by institutional investors.

Insider Buying and Selling at DoorDash

In other DoorDash news, Director Alfred Lin purchased 389,047 shares of the business’s stock in a transaction on Tuesday, November 25th. The stock was acquired 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 approximately $75,401,199.07. This represents a ? increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Tony Xu sold 288,410 shares of the business’s stock in a transaction dated Thursday, November 20th. The shares were sold at an average price of $196.04, for a total value of $56,539,896.40. Following the completion of the transaction, the chief executive officer owned 232,040 shares in the company, valued at $45,489,121.60. The trade was a 55.42% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 632,885 shares of company stock valued at $133,222,817. 5.83% of the stock is currently owned by company insiders.

DoorDash Stock Down 1.5%

DASH opened at $204.62 on Friday. The firm’s 50 day simple moving average is $217.75 and its two-hundred day simple moving average is $237.98. The company has a market capitalization of $88.19 billion, a PE ratio of 103.87 and a beta of 1.70. DoorDash, Inc. has a 1-year low of $155.40 and a 1-year high of $285.50. The company has a current ratio of 2.04, a quick ratio of 2.04 and a debt-to-equity ratio of 0.29.

DoorDash (NASDAQ:DASH) last posted its quarterly earnings data on Wednesday, November 5th. The company reported $0.55 EPS for the quarter, missing the consensus estimate 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 analysts’ expectations of $3.35 billion. During the same quarter last year, the company earned $0.38 earnings per share. The company’s revenue for the quarter was up 27.3% on a year-over-year basis. As a group, equities analysts forecast that DoorDash, Inc. will post 2.22 EPS for the current year.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on DASH shares. Argus reduced their price objective on DoorDash from $275.00 to $260.00 and set a “buy” rating for the company in a report on Friday, December 12th. BTIG Research reiterated a “buy” rating and issued a $315.00 price target on shares of DoorDash in a research note on Thursday, November 6th. Benchmark increased their price objective on shares of DoorDash from $315.00 to $320.00 and gave the company a “buy” rating in a research report on Tuesday, November 4th. Susquehanna dropped their target price on shares of DoorDash from $300.00 to $250.00 and set a “positive” rating on the stock in a report on Friday, November 7th. Finally, BMO Capital Markets reiterated an “outperform” rating on shares of DoorDash in a research note on Friday, December 12th. Three investment analysts have rated the stock with a Strong Buy rating, twenty-five have issued a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $280.29.

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.