Cookson Peirce & Co. Inc. Sells 183 Shares of DoorDash, Inc. $DASH

Cookson Peirce & Co. Inc. lessened its holdings in DoorDash, Inc. (NASDAQ:DASH) by 4.0% in the second quarter, HoldingsChannel reports. The fund owned 4,376 shares of the company’s stock after selling 183 shares during the period. Cookson Peirce & Co. Inc.’s holdings in DoorDash were worth $1,079,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Perigon Wealth Management LLC lifted its position in DoorDash by 1.3% during the second quarter. Perigon Wealth Management LLC now owns 3,701 shares of the company’s stock worth $912,000 after purchasing an additional 46 shares during the period. Yeomans Consulting Group Inc. lifted its position in DoorDash by 3.9% during the second quarter. Yeomans Consulting Group Inc. now owns 1,369 shares of the company’s stock worth $326,000 after purchasing an additional 51 shares during the period. Palo Alto Wealth Advisors LLC lifted its position in DoorDash by 0.4% during the first quarter. Palo Alto Wealth Advisors LLC now owns 12,057 shares of the company’s stock worth $2,385,000 after purchasing an additional 54 shares during the period. LVW Advisors LLC lifted its position in DoorDash by 4.5% during the second quarter. LVW Advisors LLC now owns 1,563 shares of the company’s stock worth $385,000 after purchasing an additional 68 shares during the period. Finally, SageView Advisory Group LLC raised its stake in DoorDash by 5.1% during the first quarter. SageView Advisory Group LLC now owns 1,435 shares of the company’s stock worth $262,000 after acquiring an additional 69 shares in the last quarter. Institutional investors own 90.64% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have commented on DASH shares. JMP Securities boosted their target price on DoorDash from $250.00 to $335.00 and gave the stock a “market outperform” rating in a research note on Thursday, August 7th. Jefferies Financial Group boosted their target price on DoorDash from $265.00 to $280.00 and gave the stock a “hold” rating in a research note on Friday, October 17th. Mizuho set a $350.00 target price on DoorDash and gave the stock an “outperform” rating in a research note on Monday, September 29th. Cantor Fitzgerald reissued an “overweight” rating and set a $330.00 target price on shares of DoorDash in a research note on Wednesday, September 17th. Finally, Royal Bank Of Canada boosted their target price on DoorDash from $230.00 to $300.00 and gave the stock an “outperform” rating in a research note on Thursday, August 7th. Four analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and twelve have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $285.26.

Insider Buying and Selling at DoorDash

In other news, Director Stanley Tang sold 45,410 shares of the firm’s stock in a transaction that occurred on Wednesday, October 1st. The shares were sold at an average price of $268.23, for a total transaction of $12,180,324.30. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Shona L. Brown sold 1,250 shares of the firm’s stock in a transaction that occurred on Thursday, October 9th. The stock was sold at an average price of $277.47, for a total transaction of $346,837.50. Following the sale, the director directly owned 37,252 shares of the company’s stock, valued at approximately $10,336,312.44. This trade represents a 3.25% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 964,530 shares of company stock worth $241,651,966. Company insiders own 5.83% of the company’s stock.

DoorDash Stock Performance

DoorDash stock opened at $252.31 on Thursday. The business has a 50 day moving average of $259.41 and a 200-day moving average of $231.32. DoorDash, Inc. has a 1 year low of $150.26 and a 1 year high of $285.50. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.07 and a quick ratio of 2.07. The company has a market capitalization of $107.79 billion, a P/E ratio of 140.17 and a beta of 1.71.

DoorDash (NASDAQ:DASH) last released its earnings results on Wednesday, August 6th. The company reported $0.65 earnings per share for the quarter, beating analysts’ consensus estimates of $0.42 by $0.23. The business had revenue of $3.28 billion during the quarter, compared to the consensus estimate of $3.16 billion. DoorDash had a net margin of 6.57% and a return on equity of 9.56%. The company’s revenue for the quarter was up 24.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted ($0.38) EPS. On average, equities research analysts predict that DoorDash, Inc. will post 2.22 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.