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

Harbor Capital Advisors Inc. lifted its stake in shares of DoorDash, Inc. (NASDAQ:DASH) by 12.3% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 17,399 shares of the company’s stock after acquiring an additional 1,901 shares during the period. Harbor Capital Advisors Inc.’s holdings in DoorDash were worth $1,893,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in DASH. Venturi Wealth Management LLC lifted its position in DoorDash by 54.5% during the first quarter. Venturi Wealth Management LLC now owns 255 shares of the company’s stock worth $35,000 after buying an additional 90 shares during the period. Hillsdale Investment Management Inc. lifted its position in DoorDash by 1.6% during the fourth quarter. Hillsdale Investment Management Inc. now owns 6,540 shares of the company’s stock worth $647,000 after buying an additional 100 shares during the period. Summit Trail Advisors LLC raised its holdings in shares of DoorDash by 0.3% in the 1st quarter. Summit Trail Advisors LLC now owns 36,925 shares of the company’s stock worth $5,085,000 after purchasing an additional 106 shares during the period. GAMMA Investing LLC raised its holdings in shares of DoorDash by 17.2% in the 1st quarter. GAMMA Investing LLC now owns 736 shares of the company’s stock worth $101,000 after purchasing an additional 108 shares during the period. Finally, Signaturefd LLC raised its holdings in shares of DoorDash by 3.3% in the 4th quarter. Signaturefd LLC now owns 3,824 shares of the company’s stock worth $378,000 after purchasing an additional 121 shares during the period. Institutional investors and hedge funds own 90.64% of the company’s stock.

DoorDash Stock Up 1.0 %

DoorDash stock traded up $1.23 during mid-day trading on Wednesday, hitting $123.87. 5,389,629 shares of the company’s stock traded hands, compared to its average volume of 4,134,831. The firm has a 50 day moving average price of $109.73 and a 200 day moving average price of $118.69. The company has a market cap of $50.65 billion, a PE ratio of -113.56, a price-to-earnings-growth ratio of 40.25 and a beta of 1.67. DoorDash, Inc. has a one year low of $69.90 and a one year high of $143.34.

DoorDash (NASDAQ:DASH) last announced its earnings results on Thursday, August 1st. The company reported ($0.38) earnings per share for the quarter, missing the consensus estimate of ($0.09) by ($0.29). The business had revenue of $2.63 billion for the quarter, compared to the consensus estimate of $2.54 billion. DoorDash had a negative net margin of 4.24% and a negative return on equity of 6.00%. The firm’s revenue was up 23.3% on a year-over-year basis. During the same period in the previous year, the firm earned ($0.44) EPS. On average, analysts expect that DoorDash, Inc. will post 0.07 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the company. JMP Securities raised their price objective on DoorDash from $140.00 to $145.00 and gave the stock a “market outperform” rating in a report on Friday, August 2nd. Morgan Stanley raised their target price on DoorDash from $145.00 to $150.00 and gave the company an “overweight” rating in a report on Friday, August 2nd. Royal Bank of Canada dropped their target price on DoorDash from $175.00 to $165.00 and set an “outperform” rating on the stock in a report on Thursday, May 2nd. BMO Capital Markets lifted their target price on DoorDash from $127.00 to $140.00 and gave the stock an “outperform” rating in a research report on Friday, August 2nd. Finally, KeyCorp began coverage on DoorDash in a research report on Thursday, July 11th. They issued a “sector weight” rating for the company. Eleven analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the stock. According to data from MarketBeat, DoorDash presently has an average rating of “Moderate Buy” and an average target price of $141.93.

Insider Transactions at DoorDash

In other news, CEO Tony Xu sold 131,590 shares of the business’s stock in a transaction on Monday, June 10th. The stock was sold at an average price of $111.61, for a total value of $14,686,759.90. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In other news, CFO Ravi Inukonda sold 7,000 shares of the business’s stock in a transaction on Tuesday, July 30th. The stock was sold at an average price of $106.64, for a total value of $746,480.00. Following the sale, the chief financial officer now owns 417,223 shares of the company’s stock, valued at approximately $44,492,660.72. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Tony Xu sold 131,590 shares of DoorDash stock in a transaction on Monday, June 10th. The stock was sold at an average price of $111.61, for a total value of $14,686,759.90. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 459,016 shares of company stock valued at $50,325,396. Corporate insiders own 7.92% of the company’s stock.

DoorDash 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.