K.J. Harrison & Partners Inc Has $2.67 Million Stock Position in DoorDash, Inc. (NASDAQ:DASH)

K.J. Harrison & Partners Inc cut its holdings in shares of DoorDash, Inc. (NASDAQ:DASH) by 14.3% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 27,000 shares of the company’s stock after selling 4,500 shares during the quarter. K.J. Harrison & Partners Inc’s holdings in DoorDash were worth $2,670,000 at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in the stock. Fifth Third Bancorp raised its holdings in shares of DoorDash by 448.8% during the third quarter. Fifth Third Bancorp now owns 439 shares of the company’s stock worth $35,000 after acquiring an additional 359 shares in the last quarter. Parkside Financial Bank & Trust raised its stake in shares of DoorDash by 361.2% during the 4th quarter. Parkside Financial Bank & Trust now owns 392 shares of the company’s stock worth $39,000 after purchasing an additional 307 shares in the last quarter. Covestor Ltd lifted its holdings in shares of DoorDash by 101.2% during the 3rd quarter. Covestor Ltd now owns 503 shares of the company’s stock valued at $40,000 after buying an additional 253 shares during the last quarter. Valley National Advisers Inc. bought a new stake in shares of DoorDash in the 4th quarter valued at approximately $43,000. Finally, SJS Investment Consulting Inc. increased its holdings in DoorDash by 26.9% in the fourth quarter. SJS Investment Consulting Inc. now owns 462 shares of the company’s stock worth $46,000 after buying an additional 98 shares during the last quarter. 90.64% of the stock is currently owned by institutional investors and hedge funds.

DoorDash Stock Performance

NASDAQ DASH traded up $4.00 during trading on Friday, reaching $132.11. 3,851,164 shares of the company traded hands, compared to its average volume of 3,629,907. DoorDash, Inc. has a 1-year low of $57.39 and a 1-year high of $143.34. The company has a market cap of $53.37 billion, a price-to-earnings ratio of -92.38, a P/E/G ratio of 14.10 and a beta of 1.79. The stock’s 50 day moving average price is $131.30 and its two-hundred day moving average price is $108.59.

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

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the stock. Deutsche Bank Aktiengesellschaft lifted their target price on shares of DoorDash from $140.00 to $155.00 and gave the company a “buy” rating in a research note on Tuesday, April 16th. Royal Bank of Canada upgraded DoorDash from a “sector perform” rating to an “outperform” rating and raised their target price for the company from $130.00 to $175.00 in a report on Monday, March 4th. Needham & Company LLC reiterated a “buy” rating and set a $133.00 price target on shares of DoorDash in a research note on Tuesday, February 6th. Roth Mkm raised their price objective on DoorDash from $92.00 to $109.00 and gave the company a “neutral” rating in a research note on Friday, January 19th. Finally, JMP Securities boosted their target price on DoorDash from $130.00 to $160.00 and gave the stock a “market outperform” rating in a report on Wednesday, March 27th. Nine equities research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $130.52.

Insider Buying and Selling at DoorDash

In other DoorDash news, CAO Gordon S. Lee sold 1,000 shares of the business’s 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 completion of the sale, 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 document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, Director Shona L. Brown sold 700 shares of DoorDash stock in a transaction on Thursday, April 4th. The stock was sold at an average price of $141.60, for a total transaction of $99,120.00. Following the completion of the sale, the director now directly owns 70,111 shares of the company’s stock, valued at $9,927,717.60. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CAO Gordon S. Lee sold 1,000 shares of the company’s stock in a transaction dated 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 sale, the chief accounting officer now owns 92,207 shares of the company’s stock, valued at approximately $11,479,771.50. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 497,282 shares of company stock worth $64,885,042. Insiders own 9.59% of the company’s stock.

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.