646 Shares in DoorDash, Inc. (NASDAQ:DASH) Acquired by Kapitalo Investimentos Ltda

Kapitalo Investimentos Ltda bought a new stake in DoorDash, Inc. (NASDAQ:DASH) in the 4th quarter, HoldingsChannel reports. The firm bought 646 shares of the company’s stock, valued at approximately $64,000.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Wells Fargo & Company MN increased its position in DoorDash by 102.5% during the fourth quarter. Wells Fargo & Company MN now owns 199,152 shares of the company’s stock worth $19,694,000 after purchasing an additional 100,787 shares during the last quarter. Assenagon Asset Management S.A. raised its position in shares of DoorDash by 1,725.6% during the 4th quarter. Assenagon Asset Management S.A. now owns 1,113,175 shares of the company’s stock valued at $110,082,000 after buying an additional 1,052,198 shares during the period. Sequoia Financial Advisors LLC acquired a new position in DoorDash in the fourth quarter valued at approximately $769,000. Bank of Nova Scotia grew its position in DoorDash by 298.3% in the fourth quarter. Bank of Nova Scotia now owns 186,201 shares of the company’s stock worth $18,413,000 after acquiring an additional 139,450 shares during the period. Finally, Franklin Resources Inc. increased its stake in DoorDash by 294.5% during the fourth quarter. Franklin Resources Inc. now owns 1,607,776 shares of the company’s stock worth $158,993,000 after acquiring an additional 1,200,181 shares during the last quarter. 90.64% of the stock is owned by institutional investors and hedge funds.

DoorDash Stock Performance

DASH stock opened at $110.21 on Friday. DoorDash, Inc. has a fifty-two week low of $69.90 and a fifty-two week high of $143.34. The company’s 50 day moving average price is $118.74 and its 200 day moving average price is $116.65. The firm has a market capitalization of $45.07 billion, a price-to-earnings ratio of -102.05, a PEG ratio of 28.55 and a beta of 1.69.

DoorDash (NASDAQ:DASH) last announced its quarterly earnings data on Wednesday, May 1st. The company reported ($0.06) EPS for the quarter, beating analysts’ consensus estimates of ($0.07) by $0.01. The company had revenue of $2.51 billion for the quarter, compared to the consensus estimate of $2.45 billion. DoorDash had a negative net margin of 4.61% and a negative return on equity of 6.28%. The company’s quarterly revenue was up 23.5% compared to the same quarter last year. During the same period in the prior year, the firm posted ($0.41) EPS. Equities analysts forecast that DoorDash, Inc. will post 0.11 EPS for the current fiscal year.

Insider Buying and Selling at DoorDash

In other news, CEO Tony Xu sold 132,300 shares of the company’s stock in a transaction dated Tuesday, April 16th. The stock was sold at an average price of $133.51, for a total transaction of $17,663,373.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other DoorDash news, CEO Tony Xu sold 132,300 shares of the firm’s stock in a transaction that occurred on Tuesday, April 16th. The shares were sold at an average price of $133.51, for a total transaction of $17,663,373.00. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Keith Yandell sold 12,088 shares of the company’s stock in a transaction on Wednesday, June 5th. The shares were sold at an average price of $111.84, for a total transaction of $1,351,921.92. Following the completion of the transaction, the insider now owns 161,651 shares of the company’s stock, valued at approximately $18,079,047.84. The disclosure for this sale can be found here. Insiders have sold a total of 548,613 shares of company stock worth $68,171,311 over the last ninety days. Corporate insiders own 7.92% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently commented on DASH. Deutsche Bank Aktiengesellschaft upped their price target on DoorDash from $140.00 to $155.00 and gave the company a “buy” rating in a research note on Tuesday, April 16th. Moffett Nathanson raised shares of DoorDash from a “neutral” rating to a “buy” rating and increased their target price for the stock from $118.00 to $164.00 in a research note on Thursday, April 11th. JMP Securities reduced their price target on shares of DoorDash from $160.00 to $140.00 and set a “market outperform” rating on the stock in a research note on Thursday, May 2nd. Truist Financial lowered their price objective on shares of DoorDash from $155.00 to $145.00 and set a “buy” rating for the company in a research report on Thursday, May 2nd. Finally, Royal Bank of Canada cut their target price on DoorDash from $175.00 to $165.00 and set an “outperform” rating on the stock in a research report on Thursday, May 2nd. Eight analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $134.79.

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.