DoorDash, Inc. $DASH Shares Sold by Stratos Wealth Advisors LLC

Stratos Wealth Advisors LLC lowered its stake in DoorDash, Inc. (NASDAQ:DASH) by 90.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,406 shares of the company’s stock after selling 12,644 shares during the quarter. Stratos Wealth Advisors LLC’s holdings in DoorDash were worth $318,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of DASH. Physician Wealth Advisors Inc. increased its stake in DoorDash by 284.0% in the 3rd quarter. Physician Wealth Advisors Inc. now owns 96 shares of the company’s stock worth $26,000 after purchasing an additional 71 shares in the last quarter. Eastern Bank increased its stake in DoorDash by 714.3% in the 4th quarter. Eastern Bank now owns 114 shares of the company’s stock worth $26,000 after purchasing an additional 100 shares in the last quarter. Sunbelt Securities Inc. increased its stake in DoorDash by 124.1% in the 3rd quarter. Sunbelt Securities Inc. now owns 121 shares of the company’s stock worth $33,000 after purchasing an additional 67 shares in the last quarter. Morse Asset Management Inc purchased a new position in DoorDash in the 3rd quarter worth about $36,000. Finally, Sound Income Strategies LLC increased its stake in DoorDash by 2,760.0% in the 3rd quarter. Sound Income Strategies LLC now owns 143 shares of the company’s stock worth $39,000 after purchasing an additional 138 shares in the last quarter. Hedge funds and other institutional investors own 90.64% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the company. Wedbush lifted their price target on DoorDash from $260.00 to $270.00 and gave the stock an “outperform” rating in a research note on Friday, December 19th. Roth Mkm reissued a “neutral” rating and issued a $200.00 price target on shares of DoorDash in a research note on Thursday, February 19th. Argus dropped their price target on DoorDash from $275.00 to $260.00 and set a “buy” rating on the stock in a research note on Friday, December 12th. Piper Sandler reissued a “neutral” rating and issued a $220.00 price target (down from $230.00) on shares of DoorDash in a research note on Thursday, February 19th. Finally, Wells Fargo & Company dropped their price target on DoorDash from $221.00 to $198.00 and set an “equal weight” rating on the stock in a research note on Monday, March 30th. One analyst has rated the stock with a Strong Buy rating, twenty-five have issued a Buy rating and nine have issued a Hold rating to the company’s stock. According to data from MarketBeat, DoorDash presently has an average rating of “Moderate Buy” and an average price target of $263.12.

DoorDash Trading Down 0.9%

Shares of NASDAQ DASH opened at $155.07 on Tuesday. DoorDash, Inc. has a one year low of $143.30 and a one year high of $285.50. The firm has a market capitalization of $67.37 billion, a PE ratio of 73.15 and a beta of 1.93. The company has a current ratio of 1.41, a quick ratio of 1.41 and a debt-to-equity ratio of 0.27. The business has a 50-day moving average price of $172.14 and a two-hundred day moving average price of $211.59.

DoorDash (NASDAQ:DASH) last announced its quarterly earnings data on Wednesday, February 18th. The company reported $0.48 EPS for the quarter, missing analysts’ consensus estimates of $0.58 by ($0.10). DoorDash had a return on equity of 10.15% and a net margin of 6.82%.The business had revenue of $3.96 billion for the quarter, compared to analyst estimates of $3.98 billion. During the same quarter in the previous year, the business posted $0.33 earnings per share. The company’s revenue was up 37.7% compared to the same quarter last year. As a group, analysts predict that DoorDash, Inc. will post 2.22 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other DoorDash news, CFO Ravi Inukonda sold 1,017 shares of the firm’s stock in a transaction dated Wednesday, January 14th. The stock was sold at an average price of $215.14, for a total transaction of $218,797.38. Following the completion of the sale, the chief financial officer directly owned 208,412 shares in the company, valued at approximately $44,837,757.68. This trade represents a 0.49% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Stanley Tang sold 21,433 shares of the firm’s stock in a transaction dated Thursday, April 2nd. The stock was sold at an average price of $150.00, for a total value of $3,214,950.00. Following the sale, the director owned 19,279 shares of the company’s stock, valued at $2,891,850. The trade was a 52.65% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders have sold 96,673 shares of company stock valued at $18,321,784. 5.83% of the stock is owned by insiders.

DoorDash News Roundup

Here are the key news stories impacting DoorDash this week:

• Positive Sentiment: Mitre 10 (Australia) struck a new delivery deal with DoorDash, expanding the company’s retail footprint in Australia after rival Bunnings partnered with Uber Eats — a small but concrete revenue/market-share win in that region. Mitre 10 strikes new delivery deal with DoorDash
• Positive Sentiment: Celebrity investor commentary: Jim Cramer publicly said DoorDash “can be bought here,” which can boost retail demand and sentiment in the short term. Jim Cramer Says “The Stock of DoorDash Can Be Bought Here”
• Neutral Sentiment: DoorDash is winding down its Zesty restaurant-discovery app — likely a product simplification/reallocation of resources move; could reduce costs but has limited near-term revenue impact. DoorDash winds down restaurant discovery app Zesty
• Neutral Sentiment: Market/technical coverage: CNBC’s Chart Master discussed whether DoorDash can deliver more gains — useful for traders but not new company-level fundamentals. Chart Master: Can DoorDash deliver more gains?
• Negative Sentiment: Insider transaction: Director Stanley Tang sold 21,433 shares (~$3.2M) under a pre-arranged Rule 10b5-1 plan and cut his holding by ~52.6%. Large insider sales can be read negatively by investors despite the 10b5-1 disclosure. SEC Form 4 — Stanley Tang sale
• Negative Sentiment: Safety and PR risk: An 18-year-old DoorDash delivery worker was killed in a hit-and-run, and separate incidents include vehicle thefts from drivers and a police chase. These stories raise driver-safety, insurance, liability and recruitment concerns. 18-year-old man delivering food for DoorDash killed in Southwest Side hit-and-run: family
• Negative Sentiment: Operational risk — vehicle thefts and related arrests were reported (North Charleston theft/arrest and a separate chase/crash), underscoring on-the-ground safety and potential cost implications. Teen arrested for DoorDash car theft in North Charleston Man steals car from DoorDash driver, leads police on chase
• Negative Sentiment: Fraud/tax exposure: Reports that scammers use stolen identities to work for DoorDash (leaving victims with tax bills) highlight compliance, verification and potential remediation costs. Scammers use stolen identities to work for DoorDash

About DoorDash

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.