Brooklyn Investment Group Has $287,000 Holdings in DoorDash, Inc. (NASDAQ:DASH)

Brooklyn Investment Group boosted its stake in DoorDash, Inc. (NASDAQ:DASH) by 10.5% during the 3rd quarter, HoldingsChannel reports. The fund owned 2,008 shares of the company’s stock after acquiring an additional 191 shares during the quarter. Brooklyn Investment Group’s holdings in DoorDash were worth $287,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in DASH. Quantbot Technologies LP raised its position in DoorDash by 23.4% in the 3rd quarter. Quantbot Technologies LP now owns 86,626 shares of the company’s stock valued at $12,364,000 after buying an additional 16,436 shares during the last quarter. Dai ichi Life Insurance Company Ltd acquired a new position in DoorDash during the third quarter worth $1,376,000. West Tower Group LLC acquired a new position in DoorDash during the third quarter worth $143,000. Loomis Sayles & Co. L P increased its stake in DoorDash by 1,100.6% in the 3rd quarter. Loomis Sayles & Co. L P now owns 6,531 shares of the company’s stock valued at $932,000 after buying an additional 5,987 shares during the last quarter. Finally, DRW Securities LLC acquired a new position in shares of DoorDash during the 3rd quarter worth about $289,000. Institutional investors own 90.64% of the company’s stock.

DoorDash Trading Down 0.1 %

Shares of DASH opened at $179.01 on Wednesday. DoorDash, Inc. has a 52 week low of $92.56 and a 52 week high of $181.30. The stock has a fifty day moving average of $154.57 and a 200-day moving average of $129.52.

DoorDash (NASDAQ:DASH) last released its quarterly earnings results on Wednesday, October 30th. The company reported $0.38 earnings per share for the quarter, topping the consensus estimate of $0.21 by $0.17. The company had revenue of $2.71 billion for the quarter, compared to analysts’ expectations of $2.66 billion. DoorDash had a negative return on equity of 2.41% and a negative net margin of 1.69%. The business’s quarterly revenue was up 25.0% compared to the same quarter last year. During the same period in the previous year, the business posted ($0.19) earnings per share. Sell-side analysts predict that DoorDash, Inc. will post 0.26 earnings per share for the current fiscal year.

Insider Transactions at DoorDash

In other DoorDash news, CFO Ravi Inukonda sold 7,000 shares of DoorDash stock in a transaction dated Friday, August 30th. The stock was sold at an average price of $127.86, for a total transaction of $895,020.00. Following the transaction, the chief financial officer now directly owns 396,152 shares of the company’s stock, valued at approximately $50,651,994.72. The trade was a 1.74 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Keith Yandell sold 5,509 shares of the stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $176.24, for a total value of $970,906.16. Following the completion of the sale, the insider now directly owns 118,712 shares of the company’s stock, valued at approximately $20,921,802.88. The trade was a 4.43 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 553,262 shares of company stock worth $85,515,902. Company insiders own 7.92% of the company’s stock.

Analyst Ratings Changes

DASH has been the topic of several analyst reports. Evercore ISI upped their target price on DoorDash from $155.00 to $200.00 and gave the stock an “outperform” rating in a report on Thursday, October 31st. Oppenheimer upped their price target on shares of DoorDash from $145.00 to $160.00 and gave the stock an “outperform” rating in a research report on Friday, September 27th. BTIG Research raised shares of DoorDash from a “neutral” rating to a “buy” rating and set a $155.00 price objective for the company in a research report on Thursday, September 19th. JMP Securities upped their target price on shares of DoorDash from $160.00 to $190.00 and gave the company a “market outperform” rating in a report on Thursday, October 31st. Finally, Keefe, Bruyette & Woods upgraded DoorDash from a “market perform” rating to an “outperform” rating and set a $177.00 price objective on the stock in a research note on Wednesday, September 25th. Ten investment analysts have rated the stock with a hold rating and twenty-four have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $164.03.

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.