1,405 Shares in DoorDash, Inc. (NASDAQ:DASH) Purchased by Kera Capital Partners Inc.

Kera Capital Partners Inc. bought a new position in shares of DoorDash, Inc. (NASDAQ:DASH) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 1,405 shares of the company’s stock, valued at approximately $236,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in DASH. Baillie Gifford & Co. increased its stake in shares of DoorDash by 13.2% in the 3rd quarter. Baillie Gifford & Co. now owns 14,142,674 shares of the company’s stock worth $2,018,584,000 after acquiring an additional 1,645,186 shares in the last quarter. State Street Corp raised its position in shares of DoorDash by 3.8% in the 3rd quarter. State Street Corp now owns 7,395,891 shares of the company’s stock worth $1,055,616,000 after purchasing an additional 272,659 shares during the last quarter. Janus Henderson Group PLC grew its position in DoorDash by 14.5% during the 3rd quarter. Janus Henderson Group PLC now owns 5,533,288 shares of the company’s stock valued at $789,766,000 after purchasing an additional 700,465 shares during the last quarter. Geode Capital Management LLC increased its stake in DoorDash by 6.4% during the 3rd quarter. Geode Capital Management LLC now owns 4,472,154 shares of the company’s stock valued at $636,652,000 after purchasing an additional 267,855 shares in the last quarter. Finally, Franklin Resources Inc. raised its holdings in DoorDash by 15.2% in the third quarter. Franklin Resources Inc. now owns 3,800,396 shares of the company’s stock worth $570,135,000 after buying an additional 501,905 shares during the last quarter. Hedge funds and other institutional investors own 90.64% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on DASH shares. JPMorgan Chase & Co. boosted their price objective on shares of DoorDash from $137.00 to $155.00 and gave the stock a “neutral” rating in a report on Thursday, October 31st. Needham & Company LLC upped their price target on DoorDash from $145.00 to $180.00 and gave the company a “buy” rating in a report on Thursday, October 31st. Oppenheimer increased their price objective on DoorDash from $145.00 to $160.00 and gave the company an “outperform” rating in a research report on Friday, September 27th. Wolfe Research lifted their target price on shares of DoorDash from $210.00 to $220.00 and gave the stock an “outperform” rating in a research report on Friday, January 3rd. Finally, Mizuho increased their price target on DoorDash from $162.00 to $173.00 and gave the company an “outperform” rating in a report on Thursday, October 24th. 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 data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $175.97.

Insider Activity

In other DoorDash news, CEO Tony Xu sold 108,332 shares of the company’s stock in a transaction on Friday, November 15th. The stock was 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 owns 1,500 shares in the company, valued at $255,375. This represents a 98.63 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Stanley Tang sold 1,855 shares of DoorDash stock in a transaction dated Wednesday, November 20th. The shares were sold at an average price of $169.98, for a total value of $315,312.90. Following the completion of the transaction, the director now owns 35,413 shares in the company, valued at $6,019,501.74. This trade represents a 4.98 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 1,019,333 shares of company stock valued at $177,556,541. Corporate insiders own 7.92% of the company’s stock.

DoorDash Stock Up 2.1 %

DASH stock opened at $174.48 on Friday. The firm’s fifty day simple moving average is $173.60 and its two-hundred day simple moving average is $145.99. The stock has a market capitalization of $72.48 billion, a price-to-earnings ratio of -387.73, a price-to-earnings-growth ratio of 1.77 and a beta of 1.71. DoorDash, Inc. has a twelve month low of $99.32 and a twelve month high of $181.78.

DoorDash (NASDAQ:DASH) last announced its quarterly earnings data on Wednesday, October 30th. The company reported $0.38 EPS for the quarter, beating the consensus estimate of $0.21 by $0.17. DoorDash had a negative return on equity of 2.41% and a negative net margin of 1.69%. The company had revenue of $2.71 billion for the quarter, compared to the consensus estimate of $2.66 billion. During the same quarter in the prior year, the company posted ($0.19) EPS. DoorDash’s quarterly revenue was up 25.0% on a year-over-year basis. As a group, equities research analysts expect that DoorDash, Inc. will post 0.26 EPS for the current year.

DoorDash 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.