Apollon Wealth Management LLC Invests $219,000 in DoorDash, Inc. (NASDAQ:DASH)

Apollon Wealth Management LLC purchased a new stake in DoorDash, Inc. (NASDAQ:DASH) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 1,531 shares of the company’s stock, valued at approximately $219,000.

A number of other large investors have also recently added to or reduced their stakes in DASH. Janus Henderson Group PLC lifted its position in shares of DoorDash by 11,416.7% during the first quarter. Janus Henderson Group PLC now owns 3,455,116 shares of the company’s stock worth $475,837,000 after purchasing an additional 3,425,115 shares during the last quarter. Dragoneer Investment Group LLC grew its position in shares of DoorDash by 77.9% in the 2nd quarter. Dragoneer Investment Group LLC now owns 2,847,537 shares of the company’s stock worth $309,755,000 after acquiring an additional 1,246,567 shares in the last quarter. Canada Pension Plan Investment Board grew its position in shares of DoorDash by 595.2% in the 1st quarter. Canada Pension Plan Investment Board now owns 891,879 shares of the company’s stock worth $122,830,000 after acquiring an additional 763,579 shares in the last quarter. Allspring Global Investments Holdings LLC increased its holdings in shares of DoorDash by 216.1% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 1,082,362 shares of the company’s stock valued at $154,486,000 after acquiring an additional 739,961 shares during the last quarter. Finally, Jupiter Asset Management Ltd. raised its position in shares of DoorDash by 3,284.7% during the 2nd quarter. Jupiter Asset Management Ltd. now owns 729,779 shares of the company’s stock valued at $79,385,000 after acquiring an additional 708,218 shares in the last quarter. 90.64% of the stock is currently owned by institutional investors.

DoorDash Price Performance

NASDAQ DASH opened at $172.73 on Tuesday. DoorDash, Inc. has a 12 month low of $92.56 and a 12 month high of $178.16. The company has a market capitalization of $71.75 billion, a P/E ratio of -383.84, a PEG ratio of 14.26 and a beta of 1.67. The company’s 50 day simple moving average is $149.97 and its 200 day simple moving average is $127.39.

DoorDash (NASDAQ:DASH) last announced its quarterly earnings data on Wednesday, October 30th. The company reported $0.38 EPS for the quarter, beating analysts’ consensus estimates of $0.21 by $0.17. The company had revenue of $2.71 billion during the quarter, compared to the consensus estimate of $2.66 billion. DoorDash had a negative return on equity of 2.41% and a negative net margin of 1.69%. The company’s quarterly revenue was up 25.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned ($0.19) EPS. On average, analysts anticipate that DoorDash, Inc. will post 0.24 earnings per share for the current year.

Insider Buying and Selling

In other news, Director Andy Fang sold 50,000 shares of the stock in a transaction on Thursday, September 12th. The stock was sold at an average price of $130.20, for a total value of $6,510,000.00. Following the completion of the sale, the director now owns 18,089 shares in the company, valued at $2,355,187.80. This represents a 73.43 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Ravi Inukonda sold 7,000 shares of DoorDash stock in a transaction on Friday, August 30th. The shares were sold at an average price of $127.86, for a total value of $895,020.00. Following the transaction, the chief financial officer now owns 396,152 shares in the company, valued at $50,651,994.72. This represents a 1.74 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 324,539 shares of company stock valued at $46,439,330. 7.92% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities analysts have commented on DASH shares. Keefe, Bruyette & Woods raised shares of DoorDash from a “market perform” rating to an “outperform” rating and set a $177.00 price objective for the company in a report on Wednesday, September 25th. Oppenheimer boosted their price objective on shares of DoorDash from $145.00 to $160.00 and gave the company an “outperform” rating in a research report on Friday, September 27th. JPMorgan Chase & Co. increased their price objective on shares of DoorDash from $137.00 to $155.00 and gave the stock a “neutral” rating in a research note on Thursday, October 31st. Wells Fargo & Company lifted their target price on DoorDash from $127.00 to $142.00 and gave the company an “equal weight” rating in a research note on Friday, October 4th. Finally, Mizuho increased their price target on DoorDash from $162.00 to $173.00 and gave the stock an “outperform” rating in a research report on Thursday, October 24th. Ten investment analysts have rated the stock with a hold rating and twenty-four have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus 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.