Greenleaf Trust Takes Position in DoorDash, Inc. (NASDAQ:DASH)

Greenleaf Trust acquired a new position in DoorDash, Inc. (NASDAQ:DASH) during the 4th quarter, Holdings Channel reports. The fund acquired 2,515 shares of the company’s stock, valued at approximately $249,000.

Several other institutional investors and hedge funds have also made changes to their positions in DASH. Fifth Third Bancorp raised its position in DoorDash by 448.8% during the third quarter. Fifth Third Bancorp now owns 439 shares of the company’s stock worth $35,000 after acquiring an additional 359 shares during the last quarter. Covestor Ltd lifted its stake in DoorDash by 101.2% in the 3rd quarter. Covestor Ltd now owns 503 shares of the company’s stock valued at $40,000 after buying an additional 253 shares in the last quarter. Valley National Advisers Inc. acquired a new stake in DoorDash during the 4th quarter valued at $43,000. SJS Investment Consulting Inc. increased its position in DoorDash by 26.9% during the fourth quarter. SJS Investment Consulting Inc. now owns 462 shares of the company’s stock worth $46,000 after buying an additional 98 shares in the last quarter. Finally, Loomis Sayles & Co. L P raised its holdings in shares of DoorDash by 1,274.5% in the third quarter. Loomis Sayles & Co. L P now owns 701 shares of the company’s stock worth $56,000 after acquiring an additional 650 shares during the last quarter. 90.64% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on DASH shares. Deutsche Bank Aktiengesellschaft increased their price objective on DoorDash from $140.00 to $155.00 and gave the company a “buy” rating in a research note on Tuesday, April 16th. Benchmark assumed coverage on shares of DoorDash in a report on Thursday, April 4th. They set a “buy” rating and a $165.00 price target for the company. Jefferies Financial Group raised shares of DoorDash from a “hold” rating to a “buy” rating and upped their price objective for the company from $90.00 to $130.00 in a research note on Monday, January 8th. Susquehanna lifted their target price on shares of DoorDash from $110.00 to $135.00 and gave the stock a “positive” rating in a research note on Tuesday, February 20th. Finally, BMO Capital Markets increased their price target on DoorDash from $120.00 to $138.00 and gave the stock an “outperform” rating in a research note on Friday, February 16th. Nine equities research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $130.52.

DoorDash Trading Down 2.0 %

Shares of DoorDash stock opened at $126.76 on Thursday. DoorDash, Inc. has a twelve month low of $56.59 and a twelve month high of $143.34. The stock has a market cap of $51.21 billion, a price-to-earnings ratio of -88.64, a price-to-earnings-growth ratio of 14.16 and a beta of 1.79. The company has a fifty day moving average price of $130.95 and a 200 day moving average price of $108.06.

DoorDash (NASDAQ:DASH) last issued its quarterly earnings data on Thursday, February 15th. The company reported ($0.39) EPS for the quarter, missing analysts’ consensus estimates of ($0.15) by ($0.24). The company had revenue of $2.30 billion for the quarter, compared to analyst estimates 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 revenue for the quarter was up 26.7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned ($0.63) EPS. Analysts forecast that DoorDash, Inc. will post 0.21 earnings per share for the current year.

Insider Buying and Selling at DoorDash

In other news, Director Shona L. Brown sold 700 shares of the business’s stock in a transaction on Tuesday, February 6th. The shares were sold at an average price of $109.71, for a total transaction of $76,797.00. Following the transaction, the director now directly owns 71,514 shares of the company’s stock, valued at $7,845,800.94. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In other news, Director Shona L. Brown sold 700 shares of the firm’s stock in a transaction dated Tuesday, February 6th. The stock was sold at an average price of $109.71, for a total transaction of $76,797.00. Following the completion of the sale, the director now directly owns 71,514 shares in the company, valued at $7,845,800.94. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Ravi Inukonda sold 5,000 shares of DoorDash stock in a transaction dated Tuesday, January 30th. The stock was sold at an average price of $109.73, for a total value of $548,650.00. Following the sale, the chief financial officer now directly owns 414,738 shares in the company, valued at $45,509,200.74. The disclosure for this sale can be found here. Insiders sold 497,282 shares of company stock valued at $64,885,042 over the last 90 days. 9.59% of the stock is owned by corporate 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.