Sequoia Financial Advisors LLC Takes Position in DoorDash, Inc. (NASDAQ:DASH)

Sequoia Financial Advisors LLC purchased a new stake in shares of DoorDash, Inc. (NASDAQ:DASH) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 7,777 shares of the company’s stock, valued at approximately $769,000.

Other hedge funds have also added to or reduced their stakes in the company. Fifth Third Bancorp raised its position in shares of DoorDash by 448.8% during the 3rd quarter. Fifth Third Bancorp now owns 439 shares of the company’s stock valued at $35,000 after acquiring an additional 359 shares during the last quarter. Valley National Advisers Inc. bought a new stake in DoorDash in the fourth quarter valued at about $43,000. SJS Investment Consulting Inc. lifted its stake in DoorDash by 26.9% in the fourth quarter. SJS Investment Consulting Inc. now owns 462 shares of the company’s stock valued at $46,000 after buying an additional 98 shares during the period. Covestor Ltd lifted its stake in DoorDash by 101.2% in the third quarter. Covestor Ltd now owns 503 shares of the company’s stock valued at $40,000 after buying an additional 253 shares during the period. Finally, Global Retirement Partners LLC boosted its holdings in DoorDash by 3,072.2% during the fourth quarter. Global Retirement Partners LLC now owns 571 shares of the company’s stock worth $59,000 after buying an additional 553 shares during the last quarter. Institutional investors own 90.64% of the company’s stock.

Insider Buying and Selling

In other DoorDash news, Director Andy Fang sold 66,195 shares of the firm’s stock in a transaction that occurred on Thursday, April 11th. The stock was sold at an average price of $139.31, for a total value of $9,221,625.45. Following the completion of the transaction, the director now directly owns 36,482 shares in the company, valued at $5,082,307.42. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other DoorDash news, Director Andy Fang sold 66,195 shares of the company’s stock in a transaction on Thursday, April 11th. The shares were sold at an average price of $139.31, for a total transaction of $9,221,625.45. Following the sale, the director now directly owns 36,482 shares of the company’s stock, valued at $5,082,307.42. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Ravi Inukonda sold 5,000 shares of the stock in a transaction on Tuesday, January 30th. The shares were sold at an average price of $109.73, for a total transaction of $548,650.00. Following the completion of the sale, the chief financial officer now owns 414,738 shares of the company’s stock, valued at approximately $45,509,200.74. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 364,982 shares of company stock worth $47,221,669. Corporate insiders own 9.59% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently commented on DASH shares. Benchmark began coverage on DoorDash in a research note on Thursday, April 4th. They issued a “buy” rating and a $165.00 price target for the company. Oppenheimer upped their target price on shares of DoorDash from $110.00 to $140.00 and gave the company an “outperform” rating in a research note on Friday, February 16th. BMO Capital Markets lifted their price target on shares of DoorDash from $120.00 to $138.00 and gave the stock an “outperform” rating in a research report on Friday, February 16th. Jefferies Financial Group raised shares of DoorDash from a “hold” rating to a “buy” rating and boosted their price target for the company from $90.00 to $130.00 in a report on Monday, January 8th. Finally, Truist Financial raised their price objective on DoorDash from $140.00 to $155.00 and gave the stock a “buy” rating in a research note on Wednesday, March 27th. Nine equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. Based on data from MarketBeat, DoorDash has an average rating of “Moderate Buy” and a consensus target price of $128.25.

DoorDash Trading Down 4.0 %

Shares of DASH opened at $132.90 on Tuesday. The stock has a market capitalization of $53.69 billion, a price-to-earnings ratio of -92.94, a PEG ratio of 16.22 and a beta of 1.79. DoorDash, Inc. has a 12 month low of $56.59 and a 12 month high of $143.34. The firm has a fifty day simple moving average of $129.22 and a 200 day simple moving average of $105.70.

DoorDash (NASDAQ:DASH) last issued its quarterly earnings results on Thursday, February 15th. The company reported ($0.39) EPS for the quarter, missing the consensus estimate of ($0.15) by ($0.24). The business had revenue of $2.30 billion for the quarter, compared to the consensus estimate of $2.25 billion. DoorDash had a negative return on equity of 8.49% and a negative net margin of 6.46%. The company’s quarterly revenue was up 26.7% compared to the same quarter last year. During the same period last year, the firm earned ($0.63) earnings per share. As a group, research analysts predict that DoorDash, Inc. will post 0.2 earnings per share for the current fiscal year.

DoorDash 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.