Icon Wealth Advisors LLC Buys 189 Shares of DoorDash, Inc. (NASDAQ:DASH)

Icon Wealth Advisors LLC boosted its position in DoorDash, Inc. (NASDAQ:DASH) by 8.8% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,336 shares of the company’s stock after purchasing an additional 189 shares during the period. Icon Wealth Advisors LLC’s holdings in DoorDash were worth $333,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Baillie Gifford & Co. lifted its position in shares of DoorDash by 13.2% during the 3rd quarter. Baillie Gifford & Co. now owns 14,142,674 shares of the company’s stock valued at $2,018,584,000 after buying an additional 1,645,186 shares during the last quarter. Dragoneer Investment Group LLC lifted its holdings in DoorDash by 77.9% during the second quarter. Dragoneer Investment Group LLC now owns 2,847,537 shares of the company’s stock valued at $309,755,000 after purchasing an additional 1,246,567 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its position in DoorDash by 216.1% during the third quarter. Allspring Global Investments Holdings LLC now owns 1,082,362 shares of the company’s stock worth $154,486,000 after purchasing an additional 739,961 shares during the period. Jupiter Asset Management Ltd. increased its stake in shares of DoorDash by 3,284.7% in the second quarter. Jupiter Asset Management Ltd. now owns 729,779 shares of the company’s stock worth $79,385,000 after purchasing an additional 708,218 shares in the last quarter. Finally, Thrivent Financial for Lutherans raised its position in shares of DoorDash by 5,396.1% in the third quarter. Thrivent Financial for Lutherans now owns 663,599 shares of the company’s stock valued at $94,716,000 after purchasing an additional 651,525 shares during the period. 90.64% of the stock is owned by institutional investors.

DoorDash Price Performance

Shares of DASH stock opened at $180.48 on Friday. The business has a 50-day moving average of $157.29 and a 200 day moving average of $130.64. DoorDash, Inc. has a 1-year low of $92.58 and a 1-year high of $181.30. The stock has a market capitalization of $74.97 billion, a PE ratio of -401.07, a P/E/G ratio of 13.72 and a beta of 1.67.

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

Insider Buying and Selling at DoorDash

In related news, insider Keith Yandell sold 7,980 shares of the firm’s stock in a transaction on Wednesday, November 20th. The stock was sold at an average price of $169.98, for a total value of $1,356,440.40. Following the completion of the sale, the insider now owns 124,221 shares of the company’s stock, valued at $21,115,085.58. This trade represents a 6.04 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Tony Xu sold 54,166 shares of the business’s stock in a transaction on Monday, September 23rd. The shares were sold at an average price of $140.06, for a total transaction of $7,586,489.96. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 654,596 shares of company stock worth $104,128,585. 7.92% of the stock is currently owned by company insiders.

Analyst Ratings Changes

DASH has been the subject of several analyst reports. 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. Loop Capital lifted their price target on DoorDash from $170.00 to $200.00 and gave the company a “buy” rating in a research report on Tuesday, November 12th. JPMorgan Chase & Co. boosted their price objective on DoorDash from $137.00 to $155.00 and gave the company a “neutral” rating in a research note on Thursday, October 31st. JMP Securities raised their target price on DoorDash from $160.00 to $190.00 and gave the stock a “market outperform” rating in a research note on Thursday, October 31st. Finally, Susquehanna upped their price target on DoorDash from $140.00 to $180.00 and gave the company a “positive” rating in a research report on Friday, November 1st. Ten equities research analysts have rated the stock with a hold rating and twenty-four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $166.06.

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.