Flagship Harbor Advisors LLC Purchases 112 Shares of DoorDash, Inc. $DASH

Flagship Harbor Advisors LLC raised its position in DoorDash, Inc. (NASDAQ:DASH) by 6.8% during the 2nd quarter, HoldingsChannel reports. The fund owned 1,748 shares of the company’s stock after buying an additional 112 shares during the quarter. Flagship Harbor Advisors LLC’s holdings in DoorDash were worth $431,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of DASH. Saudi Central Bank bought a new stake in DoorDash in the 1st quarter valued at approximately $25,000. WPG Advisers LLC bought a new stake in shares of DoorDash during the 1st quarter worth approximately $26,000. Pacific Center for Financial Services bought a new stake in shares of DoorDash during the 1st quarter worth approximately $27,000. GFG Capital LLC bought a new stake in shares of DoorDash during the 2nd quarter worth approximately $30,000. Finally, Harbour Investments Inc. raised its stake in shares of DoorDash by 55.6% during the 1st quarter. Harbour Investments Inc. now owns 196 shares of the company’s stock worth $36,000 after purchasing an additional 70 shares in the last quarter. Institutional investors own 90.64% of the company’s stock.

DoorDash Stock Up 0.1%

DASH stock opened at $254.37 on Friday. The company has a current ratio of 2.07, a quick ratio of 2.07 and a debt-to-equity ratio of 0.30. The firm has a market capitalization of $108.67 billion, a PE ratio of 141.32 and a beta of 1.71. DoorDash, Inc. has a 1-year low of $152.26 and a 1-year high of $285.50. The business’s 50 day simple moving average is $260.98 and its 200 day simple moving average is $235.67.

DoorDash (NASDAQ:DASH) last posted its earnings results on Wednesday, August 6th. The company reported $0.65 earnings per share for the quarter, topping analysts’ consensus estimates of $0.42 by $0.23. The business had revenue of $3.28 billion for the quarter, compared to analyst estimates of $3.16 billion. DoorDash had a return on equity of 9.56% and a net margin of 6.57%.The firm’s revenue was up 24.9% compared to the same quarter last year. During the same period in the previous year, the firm earned ($0.38) EPS. As a group, research analysts anticipate that DoorDash, Inc. will post 2.22 EPS for the current year.

Insider Transactions at DoorDash

In other DoorDash news, Director Andy Fang sold 50,000 shares of the company’s stock in a transaction on Thursday, August 7th. The stock was sold at an average price of $275.74, for a total value of $13,787,000.00. Following the transaction, the director directly owned 22,545 shares of the company’s stock, valued at $6,216,558.30. This represents a 68.92% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, COO Prabir Adarkar sold 41,881 shares of the company’s stock in a transaction on Monday, August 25th. The shares were sold at an average price of $245.82, for a total value of $10,295,187.42. Following the completion of the transaction, the chief operating officer directly owned 914,547 shares in the company, valued at approximately $224,813,943.54. This represents a 4.38% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 852,704 shares of company stock valued at $213,921,205. Corporate insiders own 5.83% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on DASH shares. DA Davidson upped their price objective on DoorDash from $190.00 to $260.00 and gave the stock a “neutral” rating in a research note on Wednesday, September 10th. Oppenheimer upped their price objective on DoorDash from $310.00 to $350.00 and gave the stock an “outperform” rating in a research note on Thursday, October 16th. Cantor Fitzgerald reiterated an “overweight” rating and set a $330.00 price objective on shares of DoorDash in a research note on Wednesday, September 17th. Wall Street Zen cut DoorDash from a “buy” rating to a “hold” rating in a research note on Saturday. Finally, Raymond James Financial reiterated a “strong-buy” rating and set a $325.00 price objective (up previously from $275.00) on shares of DoorDash in a research note on Thursday, August 7th. Four equities research analysts have rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating and eleven have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $291.88.

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.