SG Americas Securities LLC Buys 28,218 Shares of DoorDash, Inc. (NASDAQ:DASH)

SG Americas Securities LLC grew its position in DoorDash, Inc. (NASDAQ:DASH) by 128.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 50,222 shares of the company’s stock after acquiring an additional 28,218 shares during the quarter. SG Americas Securities LLC’s holdings in DoorDash were worth $8,425,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in DASH. Envestnet Asset Management Inc. increased its stake in DoorDash by 2.4% in the 2nd quarter. Envestnet Asset Management Inc. now owns 79,476 shares of the company’s stock worth $8,645,000 after buying an additional 1,828 shares during the period. Blair William & Co. IL acquired a new position in shares of DoorDash during the second quarter worth $395,000. Pacer Advisors Inc. raised its stake in DoorDash by 1.6% in the second quarter. Pacer Advisors Inc. now owns 18,927 shares of the company’s stock valued at $2,059,000 after buying an additional 302 shares during the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp raised its position in shares of DoorDash by 74.7% in the 2nd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 54,122 shares of the company’s stock valued at $5,887,000 after purchasing an additional 23,138 shares during the last quarter. Finally, Insigneo Advisory Services LLC purchased a new position in shares of DoorDash in the second quarter worth $223,000. 90.64% of the stock is owned by hedge funds and other institutional investors.

DoorDash Trading Up 3.1 %

Shares of NASDAQ DASH opened at $183.13 on Friday. DoorDash, Inc. has a 12-month low of $99.32 and a 12-month high of $183.48. The stock has a market cap of $76.07 billion, a P/E ratio of -406.96, a PEG ratio of 1.88 and a beta of 1.71. The business’s fifty day simple moving average is $173.85 and its 200-day simple moving average is $147.67.

DoorDash (NASDAQ:DASH) last announced its quarterly earnings data on Wednesday, October 30th. The company reported $0.38 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.21 by $0.17. DoorDash had a negative return on equity of 2.41% and a negative net margin of 1.69%. The business had revenue of $2.71 billion during the quarter, compared to analysts’ expectations of $2.66 billion. During the same quarter last year, the business posted ($0.19) EPS. The business’s quarterly revenue was up 25.0% compared to the same quarter last year. On average, equities analysts forecast that DoorDash, Inc. will post 0.27 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on DASH shares. Bank of America lifted their target price on DoorDash from $172.00 to $205.00 and gave the stock a “buy” rating in a report on Thursday. Mizuho raised their target price on DoorDash from $162.00 to $173.00 and gave the company an “outperform” rating in a research report on Thursday, October 24th. Needham & Company LLC upped their price objective on shares of DoorDash from $145.00 to $180.00 and gave the stock a “buy” rating in a research report on Thursday, October 31st. KeyCorp increased their target price on DoorDash from $180.00 to $225.00 and gave the company an “overweight” rating in a report on Thursday, January 9th. Finally, Jefferies Financial Group raised their price objective on DoorDash from $155.00 to $180.00 and gave the company a “buy” rating in a report on Tuesday, October 22nd. Nine equities research analysts have rated the stock with a hold rating and twenty-five have assigned a buy rating to the company’s stock. According to MarketBeat.com, DoorDash currently has a consensus rating of “Moderate Buy” and an average target price of $176.97.

Insiders Place Their Bets

In related news, COO Prabir Adarkar sold 20,000 shares of the company’s stock in a transaction that occurred on Friday, December 27th. The stock was sold at an average price of $168.53, for a total value of $3,370,600.00. Following the completion of the transaction, the chief operating officer now directly owns 925,222 shares of the company’s stock, valued at $155,927,663.66. This represents a 2.12 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Andy Fang sold 50,000 shares of the firm’s stock in a transaction that occurred on Monday, January 13th. The stock was sold at an average price of $168.32, for a total transaction of $8,416,000.00. Following the sale, the director now directly owns 16,176 shares in the company, valued at approximately $2,722,744.32. The trade was a 75.56 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 1,019,333 shares of company stock worth $177,556,541 in the last 90 days. Corporate insiders own 7.92% of the company’s stock.

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.