DoorDash, Inc. (NASDAQ:DASH) Shares Sold by Harbor Capital Advisors Inc.

Harbor Capital Advisors Inc. cut its holdings in shares of DoorDash, Inc. (NASDAQ:DASH) by 38.3% in the fourth quarter, HoldingsChannel reports. The firm owned 10,253 shares of the company’s stock after selling 6,377 shares during the period. Harbor Capital Advisors Inc.’s holdings in DoorDash were worth $1,720,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently added to or reduced their stakes in the company. Rakuten Securities Inc. lifted its holdings in shares of DoorDash by 302.3% in the 3rd quarter. Rakuten Securities Inc. now owns 173 shares of the company’s stock valued at $25,000 after buying an additional 130 shares during the period. Headlands Technologies LLC acquired a new position in DoorDash in the second quarter valued at approximately $32,000. Meeder Asset Management Inc. grew its stake in shares of DoorDash by 82.0% during the 2nd quarter. Meeder Asset Management Inc. now owns 293 shares of the company’s stock worth $32,000 after purchasing an additional 132 shares during the period. ORG Wealth Partners LLC purchased a new position in shares of DoorDash during the 4th quarter valued at approximately $36,000. Finally, Quest Partners LLC lifted its stake in shares of DoorDash by 146.8% in the 2nd quarter. Quest Partners LLC now owns 343 shares of the company’s stock valued at $37,000 after purchasing an additional 204 shares during the period. 90.64% of the stock is owned by hedge funds and other institutional investors.

DoorDash Stock Performance

DASH stock opened at $170.12 on Monday. DoorDash, Inc. has a one year low of $99.32 and a one year high of $181.78. The firm has a market cap of $70.67 billion, a PE ratio of -378.04, a PEG ratio of 13.56 and a beta of 1.71. The firm’s 50 day moving average price is $173.09 and its 200-day moving average price is $144.07.

DoorDash (NASDAQ:DASH) last posted its earnings results on Wednesday, October 30th. The company reported $0.38 EPS for the quarter, beating analysts’ consensus estimates of $0.21 by $0.17. The company had revenue of $2.71 billion for the quarter, compared to the consensus estimate of $2.66 billion. DoorDash had a negative return on equity of 2.41% and a negative net margin of 1.69%. The company’s revenue for the quarter was up 25.0% on a year-over-year basis. During the same quarter in the previous year, the business earned ($0.19) earnings per share. Equities research analysts predict that DoorDash, Inc. will post 0.26 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research analysts have weighed in on the stock. BTIG Research raised shares of DoorDash from a “neutral” rating to a “buy” rating and set a $155.00 price objective for the company in a report on Thursday, September 19th. Keefe, Bruyette & Woods upgraded DoorDash from a “market perform” rating to an “outperform” rating and set a $177.00 price target for the company in a research note on Wednesday, September 25th. Oppenheimer increased their price target on DoorDash from $145.00 to $160.00 and gave the stock an “outperform” rating in a research report on Friday, September 27th. DA Davidson upped their target price on DoorDash from $119.00 to $150.00 and gave the stock a “neutral” rating in a research note on Thursday, October 31st. Finally, Raymond James began coverage on shares of DoorDash in a research note on Tuesday, September 24th. They issued an “outperform” rating and a $155.00 price target on the stock. Nine analysts have rated the stock with a hold rating and twenty-five have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $172.79.

Insider Buying and Selling at DoorDash

In other news, CEO Tony Xu sold 108,334 shares of the firm’s stock in a transaction on Tuesday, November 26th. The stock was sold at an average price of $180.07, for a total transaction of $19,507,703.38. Following the completion of the transaction, the chief executive officer now directly owns 1,500 shares in the company, valued at $270,105. This trade represents a 98.63 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Ravi Inukonda sold 7,000 shares of the business’s stock in a transaction on Friday, November 29th. The shares were sold at an average price of $179.76, for a total value of $1,258,320.00. Following the completion of the sale, the chief financial officer now owns 373,993 shares in the company, valued at $67,228,981.68. This represents a 1.84 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 982,694 shares of company stock valued at $168,473,286 over the last 90 days. 7.92% of the stock is owned by insiders.

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.