Three Seasons Wealth LLC Makes New $1.04 Million Investment in DoorDash, Inc. $DASH

Three Seasons Wealth LLC acquired a new position in shares of DoorDash, Inc. (NASDAQ:DASH) during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 3,830 shares of the company’s stock, valued at approximately $1,042,000.

Several other hedge funds have also modified their holdings of DASH. Saudi Central Bank purchased a new stake in DoorDash during the 1st quarter worth about $25,000. WPG Advisers LLC acquired a new position in shares of DoorDash during the first quarter worth about $26,000. Pacific Center for Financial Services acquired a new position in shares of DoorDash during the first quarter worth about $27,000. GFG Capital LLC purchased a new stake in shares of DoorDash during the second quarter worth approximately $30,000. Finally, Sound Income Strategies LLC raised its holdings in DoorDash by 2,760.0% in the third quarter. Sound Income Strategies LLC now owns 143 shares of the company’s stock valued at $39,000 after acquiring an additional 138 shares in the last quarter. 90.64% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, Director Andy Fang sold 25,000 shares of the company’s stock in a transaction on Monday, December 1st. The shares were sold at an average price of $204.95, for a total value of $5,123,750.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Ravi Inukonda sold 1,425 shares of the stock in a transaction on Friday, December 19th. The stock was sold at an average price of $231.97, for a total transaction of $330,557.25. Following the sale, the chief financial officer owned 184,037 shares of the company’s stock, valued at approximately $42,691,062.89. This represents a 0.77% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 661,647 shares of company stock valued at $146,203,968 in the last 90 days. Company insiders own 5.83% of the company’s stock.

DoorDash Stock Performance

NASDAQ DASH opened at $233.95 on Monday. The company has a fifty day moving average of $224.37 and a two-hundred day moving average of $241.25. The company has a market capitalization of $100.83 billion, a PE ratio of 118.76 and a beta of 1.72. DoorDash, Inc. has a 1 year low of $155.40 and a 1 year 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.

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

Analyst Ratings Changes

Several research analysts have commented on DASH shares. Weiss Ratings reiterated a “hold (c)” rating on shares of DoorDash in a report on Wednesday, October 8th. The Goldman Sachs Group lowered their target price on shares of DoorDash from $315.00 to $279.00 and set a “buy” rating for the company in a research note on Friday, November 7th. Needham & Company LLC dropped their target price on DoorDash from $300.00 to $275.00 and set a “buy” rating on the stock in a report on Friday, November 14th. Stifel Nicolaus decreased their price target on DoorDash from $255.00 to $253.00 and set a “hold” rating for the company in a report on Thursday, November 6th. Finally, Citigroup reaffirmed a “market outperform” rating on shares of DoorDash in a research report on Monday, November 24th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-six have given a Buy rating and ten have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $275.74.

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.