Pathstone Holdings LLC Has $5.85 Million Stock Holdings in DoorDash, Inc. (NASDAQ:DASH)

Pathstone Holdings LLC lowered its stake in shares of DoorDash, Inc. (NASDAQ:DASH) by 51.5% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 41,017 shares of the company’s stock after selling 43,627 shares during the period. Pathstone Holdings LLC’s holdings in DoorDash were worth $5,854,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Rakuten Securities Inc. boosted its holdings in DoorDash by 302.3% in the third quarter. Rakuten Securities Inc. now owns 173 shares of the company’s stock worth $25,000 after acquiring an additional 130 shares in the last quarter. Headlands Technologies LLC bought a new position in shares of DoorDash in the 2nd quarter worth $32,000. Meeder Asset Management Inc. grew its position in DoorDash by 82.0% in the 2nd quarter. Meeder Asset Management Inc. now owns 293 shares of the company’s stock valued at $32,000 after purchasing an additional 132 shares during the period. Versant Capital Management Inc increased its stake in DoorDash by 340.8% during the 2nd quarter. Versant Capital Management Inc now owns 335 shares of the company’s stock valued at $36,000 after purchasing an additional 259 shares in the last quarter. Finally, Quest Partners LLC raised its holdings in DoorDash by 146.8% during the second quarter. Quest Partners LLC now owns 343 shares of the company’s stock worth $37,000 after buying an additional 204 shares during the last quarter. Institutional investors own 90.64% of the company’s stock.

Insider Activity at DoorDash

In other DoorDash news, CEO Tony Xu sold 108,332 shares of DoorDash stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $170.25, for a total transaction of $18,443,523.00. Following the completion of the sale, the chief executive officer now directly owns 1,500 shares in the company, valued at $255,375. The trade was a 98.63 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Ravi Inukonda sold 7,000 shares of the stock in a transaction on Friday, August 30th. The stock was sold at an average price of $127.86, for a total transaction of $895,020.00. Following the completion of the transaction, the chief financial officer now directly owns 396,152 shares in the company, valued at $50,651,994.72. The trade was a 1.74 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 547,753 shares of company stock valued at $84,544,996. Company insiders own 7.92% of the company’s stock.

DoorDash Stock Up 2.4 %

Shares of DASH opened at $177.24 on Friday. DoorDash, Inc. has a twelve month low of $92.56 and a twelve month high of $178.16. The stock has a market cap of $73.63 billion, a PE ratio of -393.87, a P/E/G ratio of 14.82 and a beta of 1.67. The business’s 50-day moving average price is $153.61 and its 200-day moving average price is $128.87.

DoorDash (NASDAQ:DASH) last posted 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. The business had revenue of $2.71 billion for the quarter, compared to analysts’ expectations of $2.66 billion. DoorDash had a negative net margin of 1.69% and a negative return on equity of 2.41%. The business’s revenue for the quarter was up 25.0% compared to the same quarter last year. During the same period in the prior year, the company posted ($0.19) EPS. Analysts expect that DoorDash, Inc. will post 0.24 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

DASH has been the subject of a number of analyst reports. Morgan Stanley lifted their price objective on shares of 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 increased their price objective on DoorDash from $165.00 to $175.00 and gave the stock an “outperform” rating in a research note on Thursday, October 31st. JMP Securities lifted their target price on DoorDash from $160.00 to $190.00 and gave the company a “market outperform” rating in a research report on Thursday, October 31st. Roth Mkm upped their price target on DoorDash from $118.00 to $124.00 and gave the stock a “neutral” rating in a report on Monday, August 5th. Finally, BMO Capital Markets raised their price objective on DoorDash from $140.00 to $180.00 and gave the company an “outperform” rating in a research note on Thursday, October 31st. Ten investment analysts have rated the stock with a hold rating and twenty-four have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $164.03.

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.