DoorDash, Inc. (NASDAQ:DASH) Shares Purchased by Raymond James & Associates

Raymond James & Associates boosted its position in DoorDash, Inc. (NASDAQ:DASH) by 25.9% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 15,805 shares of the company’s stock after acquiring an additional 3,254 shares during the period. Raymond James & Associates’ holdings in DoorDash were worth $1,563,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of DASH. Versor Investments LP purchased a new stake in shares of DoorDash in the third quarter valued at $556,000. Angeles Investment Advisors LLC acquired a new position in shares of DoorDash in the 3rd quarter valued at $336,000. Bank of Nova Scotia boosted its holdings in DoorDash by 685.9% in the third quarter. Bank of Nova Scotia now owns 46,751 shares of the company’s stock valued at $3,715,000 after acquiring an additional 40,802 shares during the last quarter. Jump Financial LLC grew its position in DoorDash by 131.3% during the third quarter. Jump Financial LLC now owns 15,841 shares of the company’s stock valued at $1,259,000 after acquiring an additional 8,993 shares during the period. Finally, Vanguard Group Inc. increased its stake in DoorDash by 3.0% during the third quarter. Vanguard Group Inc. now owns 27,043,520 shares of the company’s stock worth $2,149,149,000 after acquiring an additional 781,861 shares during the last quarter. 90.64% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at DoorDash

In other DoorDash news, CEO Tony Xu sold 132,300 shares of the firm’s stock in a transaction that occurred on Tuesday, April 16th. The shares were sold at an average price of $133.51, for a total value of $17,663,373.00. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In related news, Director Andy Fang sold 66,195 shares of the stock in a transaction 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 owns 36,482 shares in the company, valued at approximately $5,082,307.42. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Tony Xu sold 132,300 shares of DoorDash stock in a transaction dated Tuesday, April 16th. The stock was sold at an average price of $133.51, for a total value of $17,663,373.00. The disclosure for this sale can be found here. Over the last three months, insiders have sold 497,282 shares of company stock worth $64,885,042. 9.59% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the company. Mizuho boosted their target price on DoorDash from $140.00 to $152.00 and gave the stock a “buy” rating in a report on Friday, February 16th. Oppenheimer raised 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. Roth Mkm lifted their target price on shares of DoorDash from $92.00 to $109.00 and gave the company a “neutral” rating in a report on Friday, January 19th. BMO Capital Markets increased their price target on DoorDash from $120.00 to $138.00 and gave the company an “outperform” rating in a report on Friday, February 16th. Finally, Needham & Company LLC restated a “buy” rating and set a $133.00 price objective on shares of DoorDash in a research note on Tuesday, February 6th. Nine research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $128.88.

DoorDash Stock Down 0.6 %

Shares of NASDAQ DASH opened at $130.10 on Friday. DoorDash, Inc. has a 52-week low of $56.59 and a 52-week high of $143.34. The stock has a market capitalization of $52.56 billion, a P/E ratio of -90.98, a PEG ratio of 15.69 and a beta of 1.79. The stock’s 50 day moving average price is $130.22 and its two-hundred day moving average price is $106.42.

DoorDash (NASDAQ:DASH) last announced its quarterly earnings data on Thursday, February 15th. The company reported ($0.39) earnings per share for the quarter, missing analysts’ consensus estimates 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 net margin of 6.46% and a negative return on equity of 8.49%. DoorDash’s quarterly revenue was up 26.7% on a year-over-year basis. During the same period in the prior year, the company earned ($0.63) EPS. On average, analysts anticipate that DoorDash, Inc. will post 0.2 EPS for the current year.

About DoorDash

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.