Lindbrook Capital LLC Boosts Stock Holdings in DoorDash, Inc. (NASDAQ:DASH)

Lindbrook Capital LLC boosted its stake in shares of DoorDash, Inc. (NASDAQ:DASH) by 82.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 687 shares of the company’s stock after purchasing an additional 310 shares during the period. Lindbrook Capital LLC’s holdings in DoorDash were worth $68,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Fifth Third Bancorp lifted its position in DoorDash by 448.8% during the third quarter. Fifth Third Bancorp now owns 439 shares of the company’s stock valued at $35,000 after purchasing an additional 359 shares during the period. Covestor Ltd lifted its position in DoorDash by 101.2% during the third quarter. Covestor Ltd now owns 503 shares of the company’s stock valued at $40,000 after purchasing an additional 253 shares during the period. Valley National Advisers Inc. bought a new position in DoorDash during the fourth quarter valued at approximately $43,000. SJS Investment Consulting Inc. lifted its position in DoorDash by 26.9% during the fourth quarter. SJS Investment Consulting Inc. now owns 462 shares of the company’s stock valued at $46,000 after purchasing an additional 98 shares during the period. Finally, Loomis Sayles & Co. L P lifted its position in DoorDash by 1,274.5% during the third quarter. Loomis Sayles & Co. L P now owns 701 shares of the company’s stock valued at $56,000 after purchasing an additional 650 shares during the period. Institutional investors own 90.64% of the company’s stock.

Insiders Place Their Bets

In other DoorDash news, CAO Gordon S. Lee sold 1,000 shares of DoorDash stock in a transaction on Friday, March 1st. The shares were sold at an average price of $124.50, for a total value of $124,500.00. Following the completion of the transaction, the chief accounting officer now directly owns 92,207 shares of the company’s stock, valued at approximately $11,479,771.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In related news, CEO Tony Xu sold 132,300 shares of DoorDash stock in a transaction dated Tuesday, April 16th. The shares were sold at an average price of $133.51, for a total transaction of $17,663,373.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Gordon S. Lee sold 1,000 shares of DoorDash stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $124.50, for a total transaction of $124,500.00. Following the transaction, the chief accounting officer now directly owns 92,207 shares of the company’s stock, valued at $11,479,771.50. The disclosure for this sale can be found here. Insiders sold 497,282 shares of company stock valued at $64,885,042 in the last three months. Corporate insiders own 9.59% of the company’s stock.

DoorDash Stock Down 2.0 %

Shares of NASDAQ:DASH opened at $126.76 on Thursday. DoorDash, Inc. has a 52 week low of $56.59 and a 52 week high of $143.34. The stock has a market capitalization of $51.21 billion, a P/E ratio of -88.64, a PEG ratio of 14.16 and a beta of 1.79. The firm has a fifty day simple moving average of $130.95 and a two-hundred day simple moving average of $108.06.

DoorDash (NASDAQ:DASH) last issued its quarterly earnings data on Thursday, February 15th. The company reported ($0.39) EPS for the quarter, missing analysts’ consensus estimates of ($0.15) by ($0.24). DoorDash had a negative return on equity of 8.49% and a negative net margin of 6.46%. The business had revenue of $2.30 billion during the quarter, compared to analysts’ expectations of $2.25 billion. During the same period in the previous year, the business earned ($0.63) earnings per share. The business’s quarterly revenue was up 26.7% on a year-over-year basis. On average, analysts expect that DoorDash, Inc. will post 0.21 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the stock. Morgan Stanley upgraded shares of DoorDash from an “equal weight” rating to an “overweight” rating and increased their price objective for the company from $135.00 to $145.00 in a research report on Thursday, February 22nd. Royal Bank of Canada upgraded shares of DoorDash from a “sector perform” rating to an “outperform” rating and increased their price target for the stock from $130.00 to $175.00 in a research report on Monday, March 4th. Susquehanna increased their price target on shares of DoorDash from $110.00 to $135.00 and gave the stock a “positive” rating in a research report on Tuesday, February 20th. Wells Fargo & Company increased their price target on shares of DoorDash from $100.00 to $125.00 and gave the stock an “equal weight” rating in a research report on Thursday, April 4th. Finally, Mizuho increased their price target on shares of DoorDash from $140.00 to $152.00 and gave the stock a “buy” rating in a research report on Friday, February 16th. Nine equities research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $130.52.

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.