Atria Investments Inc Has $4.42 Million Holdings in DoorDash, Inc. $DASH

Atria Investments Inc lifted its holdings in DoorDash, Inc. (NASDAQ:DASH) by 11.9% during the 2nd quarter, HoldingsChannel reports. The fund owned 17,940 shares of the company’s stock after acquiring an additional 1,914 shares during the quarter. Atria Investments Inc’s holdings in DoorDash were worth $4,422,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of the business. Retirement Systems of Alabama grew its stake in shares of DoorDash by 0.9% in the second quarter. Retirement Systems of Alabama now owns 73,571 shares of the company’s stock valued at $18,136,000 after acquiring an additional 667 shares in the last quarter. Assetmark Inc. grew its stake in shares of DoorDash by 30.3% in the second quarter. Assetmark Inc. now owns 12,843 shares of the company’s stock valued at $3,166,000 after acquiring an additional 2,987 shares in the last quarter. Keybank National Association OH acquired a new position in shares of DoorDash in the second quarter valued at about $1,074,000. Premier Path Wealth Partners LLC grew its stake in shares of DoorDash by 4.8% in the second quarter. Premier Path Wealth Partners LLC now owns 2,369 shares of the company’s stock valued at $584,000 after acquiring an additional 109 shares in the last quarter. Finally, Hantz Financial Services Inc. grew its stake in shares of DoorDash by 562.5% in the second quarter. Hantz Financial Services Inc. now owns 212 shares of the company’s stock valued at $52,000 after acquiring an additional 180 shares in the last quarter. 90.64% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

DASH has been the topic of a number of analyst reports. Raymond James Financial reiterated a “strong-buy” rating and set a $325.00 price objective (up from $275.00) on shares of DoorDash in a research note on Thursday, August 7th. JPMorgan Chase & Co. upgraded shares of DoorDash from a “neutral” rating to an “overweight” rating and increased their price objective for the stock from $175.00 to $325.00 in a research note on Tuesday, October 14th. Roth Capital increased their price objective on shares of DoorDash from $191.00 to $225.00 and gave the stock a “neutral” rating in a research note on Monday, July 14th. Mizuho set a $350.00 price objective on shares of DoorDash and gave the stock an “outperform” rating in a research note on Monday, September 29th. Finally, 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. Four research analysts have rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating and eleven have issued a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $291.88.

Insider Buying and Selling

In related news, CFO Ravi Inukonda sold 1,425 shares of the firm’s stock in a transaction that occurred on Monday, October 20th. The shares were sold at an average price of $263.86, for a total value of $376,000.50. Following the completion of the transaction, the chief financial officer owned 214,147 shares in the company, valued at $56,504,827.42. This trade represents a 0.66% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Shona L. Brown sold 1,250 shares of the firm’s stock in a transaction that occurred on Thursday, October 9th. The shares were sold at an average price of $277.47, for a total transaction of $346,837.50. Following the completion of the transaction, the director 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 SEC filing for this sale provides additional information. Insiders sold a total of 852,704 shares of company stock worth $213,921,205 in the last quarter. Corporate insiders own 5.83% of the company’s stock.

DoorDash Trading Up 0.1%

DASH opened at $254.37 on Friday. The company’s 50 day moving average is $260.98 and its 200-day moving average is $236.05. DoorDash, Inc. has a 1-year low of $152.26 and a 1-year high of $285.50. The company has a current ratio of 2.07, a quick ratio of 2.07 and a debt-to-equity ratio of 0.30. The company has a market cap of $108.67 billion, a P/E ratio of 141.32 and a beta of 1.71.

DoorDash (NASDAQ:DASH) last posted its quarterly 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. DoorDash had a net margin of 6.57% and a return on equity of 9.56%. The company had revenue of $3.28 billion for the quarter, compared to the consensus estimate of $3.16 billion. During the same period last year, the company posted ($0.38) EPS. The firm’s quarterly revenue was up 24.9% compared to the same quarter last year. Equities research analysts predict that DoorDash, Inc. will post 2.22 earnings per share for the current fiscal year.

About DoorDash

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.