Hussman Strategic Advisors Inc. Acquires New Position in DoorDash, Inc. $DASH

Hussman Strategic Advisors Inc. bought a new position in DoorDash, Inc. (NASDAQ:DASH) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 4,200 shares of the company’s stock, valued at approximately $1,142,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of DASH. GFG Capital LLC bought a new stake in shares of DoorDash in the 2nd quarter worth approximately $30,000. Sound Income Strategies LLC grew its stake in DoorDash by 2,760.0% during the 3rd quarter. Sound Income Strategies LLC now owns 143 shares of the company’s stock worth $39,000 after buying an additional 138 shares during the last quarter. Asset Planning Inc acquired a new stake in DoorDash in the third quarter worth $50,000. NewSquare Capital LLC lifted its stake in DoorDash by 610.3% in the second quarter. NewSquare Capital LLC now owns 206 shares of the company’s stock valued at $51,000 after buying an additional 177 shares during the last quarter. Finally, CX Institutional lifted its stake in DoorDash by 3,660.0% in the third quarter. CX Institutional now owns 188 shares of the company’s stock valued at $51,000 after buying an additional 183 shares during the last quarter. 90.64% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. Morgan Stanley increased their price objective on shares of DoorDash from $300.00 to $330.00 and gave the stock an “overweight” rating in a report on Monday, October 20th. Bank of America decreased their target price on shares of DoorDash from $325.00 to $305.00 and set a “buy” rating for the company in a research report on Thursday, November 6th. Cantor Fitzgerald raised their price target on shares of DoorDash from $270.00 to $285.00 and gave the company an “overweight” rating in a research note on Thursday, January 8th. Barclays reduced their price objective on DoorDash from $272.00 to $238.00 and set an “equal weight” rating for the company in a research report on Thursday, November 6th. Finally, Stifel Nicolaus decreased their price objective on DoorDash from $253.00 to $224.00 and set a “hold” rating for the company in a report on Tuesday. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-five have issued a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $280.43.

Insider Buying and Selling at DoorDash

In related news, Director Stanley Tang sold 45,410 shares of DoorDash stock in a transaction dated Monday, December 1st. The stock was sold at an average price of $205.07, for a total transaction of $9,312,228.70. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Alfred Lin purchased 389,047 shares of the company’s stock in a transaction on Tuesday, November 25th. The stock was acquired at an average price of $193.81 per share, for a total transaction of $75,401,199.07. Following the completion of the transaction, the director owned 389,047 shares of the company’s stock, valued at $75,401,199.07. This represents a ∞ increase in their position. The disclosure for this purchase is available in the SEC filing. Over the last three months, insiders have sold 632,885 shares of company stock valued at $133,222,817. Corporate insiders own 5.83% of the company’s stock.

DoorDash Trading Down 0.3%

DoorDash stock opened at $206.66 on Thursday. DoorDash, Inc. has a 12-month low of $155.40 and a 12-month high of $285.50. The company has a debt-to-equity ratio of 0.29, a current ratio of 2.04 and a quick ratio of 2.04. The stock has a market capitalization of $89.07 billion, a PE ratio of 104.90 and a beta of 1.70. The firm has a 50 day simple moving average of $217.05 and a 200-day simple moving average of $238.46.

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

DoorDash Company Profile

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.