Amalgamated Bank Has $3.42 Million Holdings in DoorDash, Inc. (NASDAQ:DASH)

Amalgamated Bank grew its stake in DoorDash, Inc. (NASDAQ:DASH) by 5.8% during the 4th quarter, HoldingsChannel.com reports. The firm owned 34,554 shares of the company’s stock after buying an additional 1,901 shares during the period. Amalgamated Bank’s holdings in DoorDash were worth $3,417,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently made changes to their positions in the company. Fifth Third Bancorp grew 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 buying an additional 359 shares in the last quarter. Parkside Financial Bank & Trust lifted its position in shares of DoorDash by 361.2% in the 4th quarter. Parkside Financial Bank & Trust now owns 392 shares of the company’s stock worth $39,000 after acquiring an additional 307 shares during the period. Covestor Ltd grew its holdings in shares of DoorDash by 101.2% during the 3rd quarter. Covestor Ltd now owns 503 shares of the company’s stock worth $40,000 after purchasing an additional 253 shares in the last quarter. Valley National Advisers Inc. bought a new stake in shares of DoorDash during the fourth quarter valued at approximately $43,000. Finally, SJS Investment Consulting Inc. raised its stake in shares of 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 purchasing an additional 98 shares in the last quarter. Institutional investors own 90.64% of the company’s stock.

Insider Activity at DoorDash

In other news, CEO Tony Xu sold 132,300 shares of the business’s stock in a transaction dated Thursday, March 14th. The stock was sold at an average price of $131.96, for a total transaction of $17,458,308.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, CEO Tony Xu sold 132,300 shares of DoorDash stock in a transaction on Thursday, March 14th. The shares were sold at an average price of $131.96, for a total transaction of $17,458,308.00. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Shona L. Brown sold 700 shares of the company’s stock in a transaction on Thursday, April 4th. The shares were sold at an average price of $141.60, for a total transaction of $99,120.00. Following the completion of the sale, the director now owns 70,111 shares of the company’s stock, valued at approximately $9,927,717.60. The disclosure for this sale can be found here. Over the last quarter, insiders sold 487,082 shares of company stock worth $63,970,010. 9.59% of the stock is owned by insiders.

DoorDash Price Performance

Shares of NASDAQ:DASH opened at $116.17 on Friday. The stock has a market cap of $46.93 billion, a price-to-earnings ratio of -107.56, a P/E/G ratio of 15.89 and a beta of 1.78. The company has a 50 day moving average of $131.29 and a 200-day moving average of $111.28. DoorDash, Inc. has a one year low of $62.83 and a one year high of $143.34.

DoorDash (NASDAQ:DASH) last released its earnings results on Wednesday, May 1st. The company reported ($0.06) EPS for the quarter, topping analysts’ consensus estimates of ($0.07) by $0.01. The firm had revenue of $2.51 billion during the quarter, compared to analyst estimates of $2.45 billion. DoorDash had a negative net margin of 4.61% and a negative return on equity of 6.28%. The business’s quarterly revenue was up 23.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned ($0.41) EPS. Equities research analysts anticipate that DoorDash, Inc. will post 0.17 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on DASH shares. Loop Capital began coverage on shares of DoorDash in a report on Friday, April 19th. They issued a “buy” rating and a $170.00 price target on the stock. Mizuho increased their price target on shares of DoorDash from $140.00 to $152.00 and gave the stock a “buy” rating in a research report on Friday, February 16th. Royal Bank of Canada lowered their price objective on DoorDash from $175.00 to $165.00 and set an “outperform” rating on the stock in a research note on Thursday, May 2nd. Morgan Stanley upgraded DoorDash from an “equal weight” rating to an “overweight” rating and raised their target price for the stock from $135.00 to $145.00 in a research report on Thursday, February 22nd. Finally, Moffett Nathanson upgraded DoorDash from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $118.00 to $164.00 in a research note on Thursday, April 11th. Nine analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. According to data from MarketBeat.com, DoorDash currently has a consensus rating of “Moderate Buy” and an average price target of $132.28.

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.