K.J. Harrison & Partners Inc Trims Stake in DoorDash, Inc. (NASDAQ:DASH)

K.J. Harrison & Partners Inc lessened its position in shares of DoorDash, Inc. (NASDAQ:DASH) by 14.3% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 27,000 shares of the company’s stock after selling 4,500 shares during the quarter. K.J. Harrison & Partners Inc’s holdings in DoorDash were worth $2,670,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in the company. Assenagon Asset Management S.A. raised its holdings in shares of DoorDash by 1,725.6% in the fourth quarter. Assenagon Asset Management S.A. now owns 1,113,175 shares of the company’s stock valued at $110,082,000 after buying an additional 1,052,198 shares during the last quarter. Vanguard Group Inc. raised its stake in DoorDash by 3.0% during the 3rd quarter. Vanguard Group Inc. now owns 27,043,520 shares of the company’s stock valued at $2,149,149,000 after acquiring an additional 781,861 shares during the last quarter. Baillie Gifford & Co. lifted its position in DoorDash by 6.4% during the 4th quarter. Baillie Gifford & Co. now owns 12,775,622 shares of the company’s stock worth $1,263,381,000 after acquiring an additional 772,977 shares during the period. Invesco Ltd. grew its stake in shares of DoorDash by 169.4% in the 3rd quarter. Invesco Ltd. now owns 999,612 shares of the company’s stock valued at $79,439,000 after purchasing an additional 628,561 shares during the last quarter. Finally, Qube Research & Technologies Ltd acquired a new position in shares of DoorDash in the third quarter valued at approximately $48,965,000. Institutional investors and hedge funds own 90.64% of the company’s stock.

Analyst Ratings Changes

DASH has been the subject of several recent research reports. Benchmark initiated coverage on DoorDash in a report on Thursday, April 4th. They set a “buy” rating and a $165.00 price target for the company. Wedbush lifted their target price on shares of DoorDash from $92.00 to $115.00 and gave the company a “neutral” rating in a report on Friday, February 16th. Needham & Company LLC reiterated a “buy” rating and set a $133.00 price target on shares of DoorDash in a research note on Tuesday, February 6th. Truist Financial raised their price objective on shares of DoorDash from $140.00 to $155.00 and gave the company a “buy” rating in a research report on Wednesday, March 27th. Finally, Moffett Nathanson upgraded DoorDash from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $118.00 to $164.00 in a research report on Thursday, April 11th. Nine equities research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, DoorDash currently has an average rating of “Moderate Buy” and a consensus target price of $130.52.

Insider Activity at DoorDash

In other DoorDash news, insider Keith Yandell sold 3,500 shares of the firm’s stock in a transaction dated Thursday, February 1st. The shares were sold at an average price of $104.89, for a total transaction of $367,115.00. Following the sale, the insider now directly owns 179,350 shares of the company’s stock, valued at approximately $18,812,021.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, CAO Gordon S. Lee sold 1,000 shares of the company’s stock in a transaction on Friday, March 1st. The stock was sold at an average price of $124.50, for a total value of $124,500.00. Following the completion of the transaction, the chief accounting officer now directly owns 92,207 shares in the company, valued at $11,479,771.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Keith Yandell sold 3,500 shares of the firm’s stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $104.89, for a total value of $367,115.00. Following the completion of the sale, the insider now directly owns 179,350 shares in the company, valued at $18,812,021.50. The disclosure for this sale can be found here. In the last quarter, insiders sold 497,282 shares of company stock valued at $64,885,042. 9.59% of the stock is owned by insiders.

DoorDash Stock Performance

DASH stock traded up $4.00 on Friday, reaching $132.11. The company had a trading volume of 3,851,164 shares, compared to its average volume of 3,629,907. The company’s fifty day moving average is $131.30 and its 200 day moving average is $108.59. The company has a market cap of $53.37 billion, a P/E ratio of -92.38, a PEG ratio of 14.10 and a beta of 1.79. DoorDash, Inc. has a 1 year low of $57.39 and a 1 year high of $143.34.

DoorDash (NASDAQ:DASH) last released its quarterly earnings results on Thursday, February 15th. The company reported ($0.39) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.15) by ($0.24). The company had revenue of $2.30 billion during the quarter, compared to analyst estimates of $2.25 billion. DoorDash had a negative return on equity of 8.49% and a negative net margin of 6.46%. The business’s revenue was up 26.7% compared to the same quarter last year. During the same period last year, the firm earned ($0.63) earnings per share. On average, sell-side analysts predict that DoorDash, Inc. will post 0.21 earnings per share for the current year.

DoorDash Company Profile

DoorDash, Inc, together with its subsidiaries, operates a commerce platform that connects merchants, consumers, and independent contractors in the United States and internationally. The company operates DoorDash Marketplace and Wolt Marketplace, which provide various services, such as customer acquisition, demand generation, order fulfillment, merchandising, payment processing, and customer support.