Conservest Capital Advisors Inc. Makes New Investment in DoorDash, Inc. $DASH

Conservest Capital Advisors Inc. purchased a new position in DoorDash, Inc. (NASDAQ:DASH) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 1,155 shares of the company’s stock, valued at approximately $285,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. GFG Capital LLC purchased a new position in shares of DoorDash in the second quarter worth $30,000. Saudi Central Bank purchased a new position in shares of DoorDash in the first quarter worth $25,000. WPG Advisers LLC purchased a new position in shares of DoorDash in the first quarter worth $26,000. Pacific Center for Financial Services purchased a new position in shares of DoorDash in the first quarter worth $27,000. Finally, Harbour Investments Inc. raised its holdings in shares of DoorDash by 55.6% in the first quarter. Harbour Investments Inc. now owns 196 shares of the company’s stock worth $36,000 after buying an additional 70 shares during the last quarter. Hedge funds and other institutional investors own 90.64% of the company’s stock.

DoorDash Stock Up 1.4%

DASH stock opened at $258.15 on Friday. The firm has a market cap of $110.28 billion, a PE ratio of 143.42 and a beta of 1.71. The company has a debt-to-equity ratio of 0.30, a quick ratio of 2.07 and a current ratio of 2.07. The firm’s fifty day moving average is $259.75 and its 200 day moving average is $233.03. DoorDash, Inc. has a one year low of $152.26 and a one year high of $285.50.

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

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on DASH shares. Stifel Nicolaus increased their price objective on shares of DoorDash from $214.00 to $239.00 and gave the stock a “hold” rating in a research note on Thursday, August 7th. Citigroup reiterated an “outperform” rating on shares of DoorDash in a research note on Thursday, August 7th. Morgan Stanley increased their price objective on shares of DoorDash from $300.00 to $330.00 and gave the stock an “overweight” rating in a research note on Monday, October 20th. Susquehanna increased their price objective on shares of DoorDash from $235.00 to $300.00 and gave the stock a “positive” rating in a research note on Monday, August 11th. Finally, Loop Capital reiterated a “buy” rating on shares of DoorDash in a research note on Tuesday, July 15th. Four investment analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and twelve have issued a Hold rating to the company’s stock. Based on data from MarketBeat, DoorDash currently has a consensus rating of “Moderate Buy” and an average target price of $287.79.

Insider Activity at DoorDash

In other DoorDash news, COO Prabir Adarkar sold 24,968 shares of the stock in a transaction on Tuesday, October 14th. The shares were sold at an average price of $272.32, for a total transaction of $6,799,285.76. Following the transaction, the chief operating officer directly owned 909,579 shares of the company’s stock, valued at $247,696,553.28. This trade represents a 2.67% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Tony Xu sold 34,166 shares of the stock in a transaction on Wednesday, October 1st. The shares were sold at an average price of $268.24, for a total transaction of $9,164,687.84. Following the transaction, the chief executive officer directly owned 520,450 shares in the company, valued at approximately $139,605,508. The trade was a 6.16% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 932,156 shares of company stock valued at $233,565,302 in the last quarter. 5.83% of the stock is currently owned by 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.