Chicago Partners Investment Group LLC Takes $250,000 Position in DoorDash, Inc. (NASDAQ:DASH)

Chicago Partners Investment Group LLC acquired a new position in DoorDash, Inc. (NASDAQ:DASH) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 1,656 shares of the company’s stock, valued at approximately $250,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. ORG Partners LLC lifted its holdings in DoorDash by 2,108.3% during the 1st quarter. ORG Partners LLC now owns 265 shares of the company’s stock worth $37,000 after buying an additional 253 shares during the period. Headlands Technologies LLC acquired a new position in shares of DoorDash in the second quarter worth approximately $32,000. Meeder Asset Management Inc. boosted its holdings in DoorDash by 82.0% in the second quarter. Meeder Asset Management Inc. now owns 293 shares of the company’s stock valued at $32,000 after acquiring an additional 132 shares during the last quarter. Versant Capital Management Inc increased its position 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 during the period. Finally, Quest Partners LLC raised its holdings in DoorDash by 146.8% during the 2nd quarter. Quest Partners LLC now owns 343 shares of the company’s stock worth $37,000 after purchasing an additional 204 shares during the last quarter. 90.64% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the stock. Benchmark upped their price objective on shares of DoorDash from $152.00 to $173.00 and gave the company a “buy” rating in a research note on Thursday, October 17th. Argus initiated coverage on DoorDash in a report on Tuesday, July 23rd. They set a “hold” rating for the company. Oppenheimer boosted their price objective on DoorDash from $145.00 to $160.00 and gave the company an “outperform” rating in a research note on Friday, September 27th. Raymond James initiated coverage on DoorDash in a research note on Tuesday, September 24th. They set an “outperform” rating and a $155.00 target price for the company. Finally, UBS Group boosted their price target on DoorDash from $143.00 to $160.00 and gave the company a “neutral” rating in a research note on Friday, October 18th. Ten equities research analysts have rated the stock with a hold rating and twenty-four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $163.12.

DoorDash Trading Up 1.4 %

Shares of DoorDash stock opened at $159.46 on Wednesday. The business’s fifty day simple moving average is $140.97 and its 200 day simple moving average is $124.29. DoorDash, Inc. has a 12 month low of $83.58 and a 12 month high of $165.07. The firm has a market capitalization of $65.62 billion, a P/E ratio of -354.22, a price-to-earnings-growth ratio of 18.08 and a beta of 1.67.

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

Insider Buying and Selling

In other DoorDash news, CEO Tony Xu sold 81,249 shares of the business’s stock in a transaction dated Tuesday, October 15th. The shares were sold at an average price of $147.87, for a total value of $12,014,289.63. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other DoorDash news, CEO Tony Xu sold 81,249 shares of the business’s stock in a transaction on Tuesday, October 15th. The stock was sold at an average price of $147.87, for a total value of $12,014,289.63. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, COO Prabir Adarkar sold 32,124 shares of the stock in a transaction on Tuesday, October 15th. The stock was sold at an average price of $147.99, for a total value of $4,754,030.76. Following the transaction, the chief operating officer now owns 963,094 shares of the company’s stock, valued at $142,528,281.06. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 324,539 shares of company stock worth $46,439,330. Insiders own 7.92% of the company’s stock.

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.