DoorDash, Inc. $DASH Stock Holdings Increased by Focus Partners Wealth

Focus Partners Wealth increased its holdings in DoorDash, Inc. (NASDAQ:DASH) by 10.9% during the fourth quarter, Holdings Channel reports. The firm owned 243,545 shares of the company’s stock after purchasing an additional 23,979 shares during the period. Focus Partners Wealth’s holdings in DoorDash were worth $55,204,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Eastern Bank raised its holdings in shares of 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. raised its holdings in shares of 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. Swiss RE Ltd. bought a new stake in shares of DoorDash in the 4th quarter worth approximately $28,000. ST Germain D J Co. Inc. bought a new stake in shares of DoorDash in the 4th quarter worth approximately $29,000. Finally, Morse Asset Management Inc bought a new stake in shares of DoorDash in the 3rd quarter worth approximately $36,000. 90.64% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

DASH has been the topic of a number of research reports. Susquehanna dropped their target price on shares of DoorDash from $250.00 to $225.00 and set a “positive” rating on the stock in a report on Friday, May 8th. Moffett Nathanson set a $276.00 target price on shares of DoorDash in a report on Wednesday, April 15th. Roth Mkm reiterated a “neutral” rating and issued a $200.00 target price on shares of DoorDash in a report on Thursday, February 19th. Citizens Jmp dropped their target price on shares of DoorDash from $285.00 to $250.00 and set a “market outperform” rating on the stock in a report on Friday, February 20th. Finally, Argus set a $190.00 price target on shares of DoorDash in a report on Thursday. Two research analysts have 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.com, DoorDash has a consensus rating of “Moderate Buy” and an average target price of $256.11.

DoorDash Stock Up 11.6%

DASH stock opened at $168.09 on Tuesday. DoorDash, Inc. has a 52-week low of $143.30 and a 52-week high of $285.50. The company’s 50 day simple moving average is $162.97 and its 200-day simple moving average is $183.96. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.43 and a quick ratio of 1.43. The firm has a market capitalization of $73.24 billion, a P/E ratio of 80.04 and a beta of 1.83.

DoorDash (NASDAQ:DASH) last released its quarterly earnings results on Wednesday, May 6th. The company reported $0.42 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.36 by $0.06. DoorDash had a net margin of 6.29% and a return on equity of 9.58%. The business had revenue of $4.04 billion for the quarter, compared to analyst estimates of $4.15 billion. During the same quarter in the previous year, the business earned $0.44 earnings per share. The firm’s revenue was up 33.1% compared to the same quarter last year. As a group, equities research analysts anticipate that DoorDash, Inc. will post 2.45 EPS for the current year.

Insider Activity

In other DoorDash news, General Counsel Tia Sherringham sold 2,743 shares of the company’s stock in a transaction that occurred on Friday, May 22nd. The shares were sold at an average price of $160.79, for a total value of $441,046.97. Following the transaction, the general counsel owned 128,216 shares in the company, valued at approximately $20,615,850.64. This represents a 2.09% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, COO Prabir Adarkar sold 21,739 shares of the company’s stock in a transaction that occurred on Tuesday, May 26th. The shares were sold at an average price of $155.25, for a total transaction of $3,374,979.75. Following the completion of the transaction, the chief operating officer owned 959,076 shares in the company, valued at approximately $148,896,549. This represents a 2.22% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 68,558 shares of company stock worth $10,914,640 over the last three months. 5.83% of the stock is owned by insiders.

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.