GAMMA Investing LLC Has $351,000 Stock Position in DoorDash, Inc. (NASDAQ:DASH)

GAMMA Investing LLC increased its stake in shares of DoorDash, Inc. (NASDAQ:DASH) by 70.4% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,922 shares of the company’s stock after acquiring an additional 794 shares during the period. GAMMA Investing LLC’s holdings in DoorDash were worth $351,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Yousif Capital Management LLC lifted its holdings in shares of DoorDash by 803.5% in the first quarter. Yousif Capital Management LLC now owns 40,515 shares of the company’s stock valued at $7,405,000 after purchasing an additional 36,031 shares in the last quarter. Pallas Capital Advisors LLC increased its stake in DoorDash by 470.5% in the 1st quarter. Pallas Capital Advisors LLC now owns 14,062 shares of the company’s stock valued at $2,570,000 after buying an additional 11,597 shares during the last quarter. Moss Adams Wealth Advisors LLC lifted its position in DoorDash by 18.8% during the 1st quarter. Moss Adams Wealth Advisors LLC now owns 1,547 shares of the company’s stock worth $283,000 after buying an additional 245 shares in the last quarter. Toth Financial Advisory Corp boosted its stake in shares of DoorDash by 86.0% during the 1st quarter. Toth Financial Advisory Corp now owns 4,650 shares of the company’s stock worth $850,000 after buying an additional 2,150 shares during the last quarter. Finally, Wesbanco Bank Inc. bought a new position in shares of DoorDash in the 1st quarter valued at about $201,000. 90.64% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, Director Ashley Still sold 2,495 shares of the business’s stock in a transaction on Monday, June 23rd. The shares were sold at an average price of $225.00, for a total value of $561,375.00. Following the sale, the director owned 1,565 shares of the company’s stock, valued at $352,125. The trade was a 61.45% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Tony Xu sold 44,244 shares of the company’s stock in a transaction that occurred on Monday, June 16th. The shares were sold at an average price of $220.71, for a total value of $9,765,093.24. Following the completion of the sale, the chief executive officer owned 520,450 shares in the company, valued at $114,868,519.50. The trade was a 7.84% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 298,142 shares of company stock valued at $62,950,920 over the last quarter. 5.83% of the stock is currently owned by company insiders.

DoorDash Stock Down 3.4%

Shares of DASH stock opened at $238.01 on Wednesday. The firm has a market capitalization of $100.85 billion, a P/E ratio of 309.11 and a beta of 1.70. DoorDash, Inc. has a twelve month low of $99.32 and a twelve month high of $248.74. The stock’s fifty day simple moving average is $208.76 and its 200 day simple moving average is $192.35.

DoorDash (NASDAQ:DASH) last posted its earnings results on Tuesday, May 6th. The company reported $0.44 earnings per share for the quarter, topping analysts’ consensus estimates of $0.39 by $0.05. DoorDash had a net margin of 3.02% and a return on equity of 4.39%. The firm had revenue of $3.03 billion for the quarter, compared to analyst estimates of $3.10 billion. During the same period in the previous year, the firm posted ($0.06) EPS. The company’s revenue for the quarter was up 20.7% compared to the same quarter last year. As a group, equities research analysts expect that DoorDash, Inc. will post 2.22 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts recently commented on DASH shares. BTIG Research increased their price target on DoorDash from $225.00 to $265.00 and gave the company a “buy” rating in a research report on Tuesday. Bank of America increased their price target on shares of DoorDash from $230.00 to $245.00 and gave the company a “buy” rating in a research note on Thursday, June 12th. Royal Bank Of Canada restated an “outperform” rating and set a $230.00 price objective on shares of DoorDash in a research note on Wednesday, May 7th. Needham & Company LLC raised their target price on shares of DoorDash from $225.00 to $230.00 and gave the company a “buy” rating in a research note on Wednesday, May 7th. Finally, Wells Fargo & Company reduced their price target on DoorDash from $201.00 to $198.00 and set an “equal weight” rating for the company in a report on Wednesday, May 7th. Ten equities research analysts have rated the stock with a hold rating, twenty-five have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $219.32.

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.