9,113 Shares in DoorDash, Inc. (NASDAQ:DASH) Bought by Mach 1 Financial Group LLC

Mach 1 Financial Group LLC bought a new position in shares of DoorDash, Inc. (NASDAQ:DASH) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 9,113 shares of the company’s stock, valued at approximately $901,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Versor Investments LP bought a new position in DoorDash during the third quarter worth $556,000. Assenagon Asset Management S.A. lifted its position in shares of DoorDash by 1,725.6% during 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 purchasing an additional 1,052,198 shares in the last quarter. Sequoia Financial Advisors LLC bought a new position in shares of DoorDash during the fourth quarter valued at about $769,000. Angeles Investment Advisors LLC purchased a new stake in shares of DoorDash in the 3rd quarter worth about $336,000. Finally, Bank of Nova Scotia grew its position in shares of DoorDash by 685.9% in the 3rd quarter. Bank of Nova Scotia now owns 46,751 shares of the company’s stock worth $3,715,000 after buying an additional 40,802 shares during the period. 90.64% of the stock is owned by institutional investors.

DoorDash Stock Performance

Shares of DoorDash stock traded down $2.86 on Tuesday, hitting $129.26. 2,844,126 shares of the company traded hands, compared to its average volume of 3,617,448. The stock has a market capitalization of $52.22 billion, a P/E ratio of -90.39, a price-to-earnings-growth ratio of 14.70 and a beta of 1.79. DoorDash, Inc. has a 52 week low of $60.36 and a 52 week high of $143.34. The business has a 50-day simple moving average of $131.63 and a 200 day simple moving average of $109.34.

DoorDash (NASDAQ:DASH) last released its quarterly earnings data on Thursday, February 15th. The company reported ($0.39) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.15) by ($0.24). The company had revenue of $2.30 billion for the quarter, compared to the consensus estimate of $2.25 billion. DoorDash had a negative net margin of 6.46% and a negative return on equity of 8.49%. The company’s quarterly revenue was up 26.7% on a year-over-year basis. During the same quarter in the previous year, the business earned ($0.63) EPS. Research analysts expect that DoorDash, Inc. will post 0.21 earnings per share for the current year.

Analyst Ratings Changes

DASH has been the topic of a number of recent research reports. Deutsche Bank Aktiengesellschaft upped their target price on shares of DoorDash from $140.00 to $155.00 and gave the stock a “buy” rating in a research report on Tuesday, April 16th. Piper Sandler upgraded shares of DoorDash from an “underweight” rating to a “neutral” rating and upped their target price for the company from $53.00 to $127.00 in a research note on Friday, March 15th. Morgan Stanley upgraded shares of DoorDash from an “equal weight” rating to an “overweight” rating and upped their target price for the company from $135.00 to $145.00 in a research note on Thursday, February 22nd. The Goldman Sachs Group upped their target price on shares of DoorDash from $109.00 to $122.00 and gave the company a “neutral” rating in a research note on Friday, February 16th. Finally, Mizuho upped their target price on shares of DoorDash from $140.00 to $152.00 and gave the company a “buy” rating in a research note on Friday, February 16th. Nine analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $130.92.

Insider Activity at DoorDash

In related news, Director Shona L. Brown sold 700 shares of the firm’s stock in a transaction on Thursday, April 4th. The shares were sold at an average price of $141.60, for a total value of $99,120.00. Following the completion of the transaction, the director now directly owns 70,111 shares of the company’s stock, valued at $9,927,717.60. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In related news, Director Shona L. Brown sold 700 shares of the firm’s stock in a transaction on Thursday, April 4th. The shares were sold at an average price of $141.60, for a total value of $99,120.00. Following the completion of the transaction, the director now directly owns 70,111 shares of the company’s stock, valued at $9,927,717.60. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO Tony Xu sold 132,300 shares of DoorDash stock in a transaction on Thursday, March 14th. The stock was sold at an average price of $131.96, for a total transaction of $17,458,308.00. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 492,282 shares of company stock valued at $64,336,392. 9.59% of the stock is owned by corporate insiders.

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.