DoorDash, Inc. (NASDAQ:DASH) Shares Acquired by Perigon Wealth Management LLC

Perigon Wealth Management LLC boosted its position in DoorDash, Inc. (NASDAQ:DASH) by 19.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,181 shares of the company’s stock after acquiring an additional 522 shares during the quarter. Perigon Wealth Management LLC’s holdings in DoorDash were worth $315,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the company. Morgan Stanley raised its holdings in DoorDash by 5.0% in the fourth quarter. Morgan Stanley now owns 29,086,197 shares of the company’s stock valued at $1,419,988,000 after acquiring an additional 1,384,006 shares in the last quarter. Vanguard Group Inc. raised its holdings in DoorDash by 3.0% in the third quarter. Vanguard Group Inc. now owns 27,043,520 shares of the company’s stock valued at $2,149,149,000 after acquiring an additional 781,861 shares in the last quarter. BlackRock Inc. raised its holdings in DoorDash by 4.1% in the first quarter. BlackRock Inc. now owns 13,058,004 shares of the company’s stock valued at $829,967,000 after acquiring an additional 509,207 shares in the last quarter. Baillie Gifford & Co. raised its holdings in DoorDash by 6.4% in the fourth quarter. Baillie Gifford & Co. now owns 12,775,622 shares of the company’s stock valued at $1,263,381,000 after acquiring an additional 772,977 shares in the last quarter. Finally, State Street Corp raised its holdings in DoorDash by 12.2% in the second quarter. State Street Corp now owns 5,511,796 shares of the company’s stock valued at $421,211,000 after acquiring an additional 598,230 shares in the last quarter. Institutional investors and hedge funds own 90.64% of the company’s stock.

DoorDash Price Performance

Shares of NASDAQ DASH opened at $133.84 on Wednesday. The stock has a fifty day moving average price of $129.65 and a 200 day moving average price of $106.08. DoorDash, Inc. has a 1-year low of $56.59 and a 1-year high of $143.34. The company has a market cap of $54.07 billion, a PE ratio of -93.59, a P/E/G ratio of 16.22 and a beta of 1.79.

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

Wall Street Analyst Weigh In

Several brokerages recently weighed in on DASH. JMP Securities raised their target price on shares of DoorDash from $130.00 to $160.00 and gave the company a “market outperform” rating in a report on Wednesday, March 27th. Jefferies Financial Group upgraded shares of DoorDash from a “hold” rating to a “buy” rating and increased their price target for the company from $90.00 to $130.00 in a research note on Monday, January 8th. Needham & Company LLC reiterated a “buy” rating and issued a $133.00 price target on shares of DoorDash in a research note on Tuesday, February 6th. Moffett Nathanson upgraded shares of DoorDash from a “neutral” rating to a “buy” rating and increased their price target for the company from $118.00 to $164.00 in a research note on Thursday, April 11th. Finally, Deutsche Bank Aktiengesellschaft increased their price target on shares of DoorDash from $140.00 to $155.00 and gave the company a “buy” rating in a research note on Tuesday. Nine equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. According to data from MarketBeat, DoorDash has an average rating of “Moderate Buy” and a consensus target price of $128.88.

Insider Buying and Selling

In related news, Director Andy Fang sold 67,000 shares of DoorDash stock in a transaction dated Friday, February 16th. The stock was sold at an average price of $110.57, for a total transaction of $7,408,190.00. Following the completion of the sale, the director now owns 40,969 shares in the company, valued at approximately $4,529,942.33. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other DoorDash news, Director Andy Fang sold 67,000 shares of DoorDash stock in a transaction dated Friday, February 16th. The stock was sold at an average price of $110.57, for a total value of $7,408,190.00. Following the completion of the sale, the director now owns 40,969 shares in the company, valued at approximately $4,529,942.33. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Shona L. Brown sold 700 shares of DoorDash stock in a transaction dated Tuesday, February 6th. The shares were sold at an average price of $109.71, for a total value of $76,797.00. Following the completion of the sale, the director now owns 71,514 shares of the company’s stock, valued at approximately $7,845,800.94. The disclosure for this sale can be found here. Insiders sold a total of 364,982 shares of company stock valued at $47,221,669 over the last three months. 9.59% of the stock is currently owned by company insiders.

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.