Enlightenment Research LLC Invests $262,000 in DoorDash, Inc. (NYSE:DASH)

Enlightenment Research LLC bought a new stake in DoorDash, Inc. (NYSE:DASH) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 2,000 shares of the company’s stock, valued at approximately $262,000.

Other institutional investors have also bought and sold shares of the company. Nellore Capital Management LLC purchased a new position in DoorDash in the fourth quarter valued at approximately $29,000. IFP Advisors Inc lifted its stake in DoorDash by 200.0% in the first quarter. IFP Advisors Inc now owns 300 shares of the company’s stock valued at $39,000 after buying an additional 200 shares during the last quarter. The PNC Financial Services Group Inc. acquired a new stake in shares of DoorDash in the first quarter valued at approximately $49,000. Citigroup Inc. purchased a new position in shares of DoorDash during the fourth quarter worth approximately $64,000. Finally, Daiwa Securities Group Inc. acquired a new position in shares of DoorDash in the 4th quarter valued at $95,000. Institutional investors own 76.23% of the company’s stock.

In other news, major shareholder Fast (Cayman) Ltd Svf sold 8,000,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 19th. The shares were sold at an average price of $132.25, for a total value of $1,058,000,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Prabir Adarkar sold 488,689 shares of the company’s stock in a transaction that occurred on Monday, June 7th. The shares were sold at an average price of $142.39, for a total transaction of $69,584,426.71. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 8,838,658 shares of company stock worth $1,176,132,852. Corporate insiders own 15.54% of the company’s stock.

Shares of DASH opened at $144.85 on Friday. The stock’s 50 day simple moving average is $140.14. DoorDash, Inc. has a 1-year low of $110.13 and a 1-year high of $256.09. The stock has a market cap of $47.20 billion and a PE ratio of -19.60.

DoorDash (NYSE:DASH) last announced its earnings results on Thursday, May 13th. The company reported ($0.34) EPS for the quarter, missing analysts’ consensus estimates of ($0.23) by ($0.11). The business had revenue of $1.08 billion during the quarter, compared to analysts’ expectations of $994.62 million. The business’s revenue was up 197.5% on a year-over-year basis. Analysts expect that DoorDash, Inc. will post -0.99 earnings per share for the current year.

A number of research analysts have commented on the stock. Oppenheimer restated a “hold” rating on shares of DoorDash in a research note on Friday, February 26th. Truist raised shares of DoorDash from a “hold” rating to a “buy” rating and lifted their target price for the company from $180.00 to $185.00 in a report on Friday, May 14th. Mizuho cut their price target on shares of DoorDash from $170.00 to $155.00 and set a “neutral” rating for the company in a report on Friday, May 14th. JMP Securities lifted their price objective on DoorDash from $185.00 to $195.00 and gave the company an “outperform” rating in a report on Friday, February 26th. Finally, DA Davidson cut their target price on DoorDash from $162.00 to $158.00 and set a “neutral” rating for the company in a research note on Wednesday, May 19th. Eleven research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $166.72.

DoorDash Profile

DoorDash, Inc operates a logistics platform that connects merchants, consumers, and dashers in the United States and internationally. It operates DoorDash marketplace, which provides an array of services that enable merchants to solve mission-critical challenges, such as customer acquisition, delivery, insights and analytics, merchandising, payment processing, and customer support; and offers DoorDash Drive, a white-label logistics service; DoorDash Storefront that enables merchants to offer consumers on-demand access to e-commerce.

Further Reading: Stochastic Momentum Index (SMI)

Institutional Ownership by Quarter for DoorDash (NYSE:DASH)

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