Pacer Advisors Inc. Boosts Holdings in DoorDash, Inc. (NASDAQ:DASH)

Pacer Advisors Inc. lifted its stake in shares of DoorDash, Inc. (NASDAQ:DASH) by 3.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 19,814 shares of the company’s stock after acquiring an additional 651 shares during the period. Pacer Advisors Inc.’s holdings in DoorDash were worth $3,324,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the stock. Rakuten Securities Inc. boosted its holdings in shares of DoorDash by 302.3% in the 3rd quarter. Rakuten Securities Inc. now owns 173 shares of the company’s stock valued at $25,000 after purchasing an additional 130 shares during the last quarter. ORG Wealth Partners LLC acquired a new position in DoorDash in the fourth quarter valued at $36,000. MassMutual Private Wealth & Trust FSB grew its position in DoorDash by 34.0% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 272 shares of the company’s stock valued at $46,000 after acquiring an additional 69 shares during the period. Hollencrest Capital Management acquired a new stake in DoorDash during the third quarter worth about $54,000. Finally, Quarry LP purchased a new position in shares of DoorDash in the 2nd quarter worth about $60,000. 90.64% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at DoorDash

In other DoorDash news, CFO Ravi Inukonda sold 1,425 shares of the business’s stock in a transaction on Friday, January 24th. The stock was sold at an average price of $183.20, for a total transaction of $261,060.00. Following the completion of the transaction, the chief financial officer now owns 366,993 shares in the company, valued at approximately $67,233,117.60. The trade was a 0.39 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, COO Prabir Adarkar sold 20,000 shares of the firm’s stock in a transaction on Thursday, January 23rd. The shares were sold at an average price of $180.83, for a total value of $3,616,600.00. Following the transaction, the chief operating officer now directly owns 925,222 shares in the company, valued at $167,307,894.26. This trade represents a 2.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 1,040,758 shares of company stock valued at $181,434,201 in the last ninety days. Company insiders own 7.92% of the company’s stock.

DoorDash Price Performance

NASDAQ:DASH opened at $188.57 on Friday. The firm has a market capitalization of $78.33 billion, a P/E ratio of -419.04, a P/E/G ratio of 1.85 and a beta of 1.71. The business has a 50 day simple moving average of $175.06 and a 200 day simple moving average of $150.38. DoorDash, Inc. has a 12-month low of $99.32 and a 12-month high of $189.23.

DoorDash (NASDAQ:DASH) last announced its quarterly 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. DoorDash had a negative net margin of 1.69% and a negative return on equity of 2.41%. The company had revenue of $2.71 billion during the quarter, compared to the consensus estimate of $2.66 billion. During the same quarter in the previous year, the company posted ($0.19) earnings per share. The company’s revenue for the quarter was up 25.0% compared to the same quarter last year. Research analysts anticipate that DoorDash, Inc. will post 0.29 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on DASH shares. Wells Fargo & Company boosted their target price on DoorDash from $150.00 to $166.00 and gave the stock an “equal weight” rating in a report on Thursday, January 16th. Morgan Stanley increased their price objective on shares of DoorDash from $160.00 to $200.00 and gave the stock an “overweight” rating in a research report on Monday, January 13th. JMP Securities restated a “market outperform” rating and set a $200.00 target price on shares of DoorDash in a report on Thursday, January 2nd. Royal Bank of Canada increased their price target on DoorDash from $175.00 to $215.00 and gave the company an “outperform” rating in a report on Friday, December 6th. Finally, Jefferies Financial Group boosted their price objective on DoorDash from $155.00 to $180.00 and gave the stock a “buy” rating in a research note on Tuesday, October 22nd. Nine research analysts have rated the stock with a hold rating and twenty-five have assigned a buy rating to the company’s stock. According to MarketBeat.com, DoorDash currently has a consensus rating of “Moderate Buy” and a consensus price target of $178.18.

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.