Knights of Columbus Asset Advisors LLC Takes Position in DoorDash, Inc. $DASH

Knights of Columbus Asset Advisors LLC bought a new position in shares of DoorDash, Inc. (NASDAQ:DASH) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 7,725 shares of the company’s stock, valued at approximately $2,101,000.

Several other hedge funds have also recently added to or reduced their stakes in DASH. GFG Capital LLC bought a new position in shares of DoorDash during the second quarter worth $30,000. Sound Income Strategies LLC raised its holdings in shares of DoorDash by 2,760.0% during the third quarter. Sound Income Strategies LLC now owns 143 shares of the company’s stock worth $39,000 after acquiring an additional 138 shares during the period. Annis Gardner Whiting Capital Advisors LLC lifted its position in DoorDash by 74.3% in the 3rd quarter. Annis Gardner Whiting Capital Advisors LLC now owns 176 shares of the company’s stock valued at $48,000 after acquiring an additional 75 shares in the last quarter. Asset Planning Inc bought a new position in DoorDash during the 3rd quarter worth about $50,000. Finally, NewSquare Capital LLC raised its stake in shares of DoorDash by 610.3% in the 2nd quarter. NewSquare Capital LLC now owns 206 shares of the company’s stock valued at $51,000 after purchasing an additional 177 shares during the period. Institutional investors and hedge funds own 90.64% of the company’s stock.

DoorDash Trading Down 1.5%

DASH opened at $204.62 on Friday. The firm has a market capitalization of $88.19 billion, a price-to-earnings ratio of 103.87 and a beta of 1.70. The company’s 50 day moving average price is $217.75 and its two-hundred day moving average price is $237.98. The company has a debt-to-equity ratio of 0.29, a current ratio of 2.04 and a quick ratio of 2.04. DoorDash, Inc. has a fifty-two week low of $155.40 and a fifty-two week high of $285.50.

DoorDash (NASDAQ:DASH) last released its quarterly earnings data on Wednesday, November 5th. The company reported $0.55 earnings per share for the quarter, missing the consensus estimate of $0.68 by ($0.13). DoorDash had a net margin of 6.83% and a return on equity of 9.97%. The company had revenue of $3.45 billion during the quarter, compared to the consensus estimate of $3.35 billion. During the same quarter in the prior year, the firm earned $0.38 EPS. The business’s revenue was up 27.3% compared to the same quarter last year. As a group, research analysts predict that DoorDash, Inc. will post 2.22 earnings per share for the current year.

Analyst Upgrades and Downgrades

DASH has been the subject of several analyst reports. Royal Bank Of Canada decreased their price objective on DoorDash from $300.00 to $270.00 and set an “outperform” rating for the company in a report on Thursday, November 6th. Stifel Nicolaus reduced their target price on shares of DoorDash from $253.00 to $224.00 and set a “hold” rating for the company in a report on Tuesday. Weiss Ratings reissued a “hold (c)” rating on shares of DoorDash in a report on Wednesday, October 8th. Truist Financial raised their price objective on shares of DoorDash from $326.00 to $340.00 and gave the stock a “buy” rating in a research report on Thursday, October 23rd. Finally, Mizuho decreased their target price on DoorDash from $350.00 to $320.00 and set an “outperform” rating on the stock in a research report on Wednesday, November 12th. Three analysts have rated the stock with a Strong Buy rating, twenty-five have given a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $280.29.

Insider Activity

In other DoorDash news, Director Alfred Lin bought 389,047 shares of DoorDash stock in a transaction dated Tuesday, November 25th. The stock was bought at an average cost of $193.81 per share, with a total value of $75,401,199.07. Following the completion of the acquisition, the director directly owned 389,047 shares in the company, valued at approximately $75,401,199.07. The trade was a ∞ increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Andy Fang sold 30,000 shares of the stock in a transaction that occurred on Monday, November 3rd. The shares were sold at an average price of $244.39, for a total value of $7,331,700.00. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 632,885 shares of company stock worth $133,222,817. Corporate insiders own 5.83% of the company’s stock.

About DoorDash

DoorDash, Inc operates a technology-driven logistics and food-delivery marketplace that connects consumers, merchants and independent delivery contractors. The company’s core service enables customers to order from local restaurants and retailers through its app and website while DoorDash handles last-mile fulfillment via its network of drivers, known as “Dashers.” Over time the platform has broadened beyond restaurant deliveries to include groceries, convenience items and retail deliveries, positioning DoorDash as a broader on-demand logistics provider for consumer goods.

In addition to its marketplace, DoorDash offers a suite of products and services for consumers and businesses.