Perigon Wealth Management LLC Has $1.78 Million Holdings in DoorDash, Inc. $DASH

Perigon Wealth Management LLC boosted its position in shares of DoorDash, Inc. (NASDAQ:DASH) by 76.4% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,530 shares of the company’s stock after acquiring an additional 2,829 shares during the period. Perigon Wealth Management LLC’s holdings in DoorDash were worth $1,776,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of DASH. Gilbert & Cook Inc. lifted its position in shares of DoorDash by 2.6% during the 2nd quarter. Gilbert & Cook Inc. now owns 1,685 shares of the company’s stock worth $415,000 after purchasing an additional 42 shares during the last quarter. Advisory Resource Group grew its holdings in DoorDash by 0.8% in the 2nd quarter. Advisory Resource Group now owns 5,774 shares of the company’s stock valued at $1,423,000 after buying an additional 48 shares during the last quarter. Quotient Wealth Partners LLC increased its position in DoorDash by 3.2% in the 3rd quarter. Quotient Wealth Partners LLC now owns 1,537 shares of the company’s stock worth $418,000 after buying an additional 48 shares during the period. Hobart Private Capital LLC increased its position in DoorDash by 2.4% in the 3rd quarter. Hobart Private Capital LLC now owns 2,164 shares of the company’s stock worth $589,000 after buying an additional 50 shares during the period. Finally, Yeomans Consulting Group Inc. lifted its holdings in shares of DoorDash by 3.9% during the second quarter. Yeomans Consulting Group Inc. now owns 1,369 shares of the company’s stock worth $326,000 after buying an additional 51 shares during the last quarter. 90.64% of the stock is currently owned by institutional investors.

DoorDash Stock Performance

NASDAQ DASH opened at $228.13 on Wednesday. The company has a 50 day moving average of $223.01 and a 200-day moving average of $241.42. DoorDash, Inc. has a 1-year low of $155.40 and a 1-year high of $285.50. The firm has a market cap of $98.32 billion, a price-to-earnings ratio of 115.80 and a beta of 1.72. The company has a current ratio of 2.04, a quick ratio of 2.04 and a debt-to-equity ratio of 0.29.

DoorDash (NASDAQ:DASH) last posted its quarterly earnings data on Wednesday, November 5th. The company reported $0.55 earnings per share (EPS) for the quarter, missing the consensus estimate 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 for the quarter, compared to analyst estimates of $3.35 billion. During the same period in the prior year, the company posted $0.38 EPS. The firm’s quarterly revenue was up 27.3% compared to the same quarter last year. On average, equities analysts forecast that DoorDash, Inc. will post 2.22 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the stock. KeyCorp restated an “overweight” rating and issued a $280.00 price objective on shares of DoorDash in a research note on Friday, November 21st. BTIG Research reiterated a “buy” rating and set a $315.00 target price on shares of DoorDash in a research note on Thursday, November 6th. Susquehanna decreased their price target on shares of DoorDash from $300.00 to $250.00 and set a “positive” rating on the stock in a research report on Friday, November 7th. Wells Fargo & Company dropped their price objective on shares of DoorDash from $301.00 to $239.00 and set an “equal weight” rating on the stock in a report on Thursday, November 6th. Finally, Truist Financial upped their price objective on shares of DoorDash from $326.00 to $340.00 and gave the company a “buy” rating in a research report on Thursday, October 23rd. One investment analyst has rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating and ten have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, DoorDash presently has an average rating of “Moderate Buy” and an average target price of $275.74.

Insiders Place Their Bets

In other DoorDash news, Director Stanley Tang sold 45,410 shares of the company’s stock in a transaction that occurred on Monday, December 1st. The shares were sold at an average price of $205.07, for a total value of $9,312,228.70. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Tony Xu sold 16,667 shares of DoorDash stock in a transaction that occurred on Thursday, December 18th. The shares were sold at an average price of $230.00, for a total value of $3,833,410.00. Following the completion of the sale, the chief executive officer directly owned 1,500 shares in the company, valued at approximately $345,000. This represents a 91.74% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 552,071 shares of company stock worth $116,812,955 over the last ninety days. Company insiders own 5.83% of the company’s stock.

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.