Advisory Services Network LLC Sells 177 Shares of DoorDash, Inc. (NASDAQ:DASH)

Advisory Services Network LLC lessened its position in shares of DoorDash, Inc. (NASDAQ:DASHFree Report) by 4.3% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 3,964 shares of the company’s stock after selling 177 shares during the quarter. Advisory Services Network LLC’s holdings in DoorDash were worth $392,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in DASH. Orion Portfolio Solutions LLC bought a new position in DoorDash during the fourth quarter worth $466,000. Team Hewins LLC bought a new position in shares of DoorDash in the 4th quarter worth about $801,000. SageView Advisory Group LLC acquired a new position in shares of DoorDash in the 4th quarter valued at about $270,000. AXS Investments LLC bought a new stake in shares of DoorDash during the 4th quarter valued at about $667,000. Finally, Commerce Bank grew its stake in DoorDash by 3.4% during the fourth quarter. Commerce Bank now owns 5,073 shares of the company’s stock worth $502,000 after purchasing an additional 166 shares during the period. Institutional investors own 90.64% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on DASH shares. JPMorgan Chase & Co. boosted their price target on DoorDash from $108.00 to $111.00 and gave the company a “neutral” rating in a research note on Thursday, May 2nd. UBS Group dropped their target price on shares of DoorDash from $123.00 to $118.00 and set a “neutral” rating on the stock in a research report on Friday, February 16th. Susquehanna raised their price target on shares of DoorDash from $110.00 to $135.00 and gave the stock a “positive” rating in a report on Tuesday, February 20th. Needham & Company LLC reiterated a “buy” rating and set a $137.00 price objective on shares of DoorDash in a report on Thursday, May 2nd. Finally, Oppenheimer raised their target price on DoorDash from $140.00 to $150.00 and gave the company an “outperform” rating in a research note on Monday, April 29th. Nine equities research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $132.28.

Get Our Latest Research Report on DoorDash

DoorDash Trading Down 0.4 %

DASH stock opened at $110.11 on Monday. DoorDash, Inc. has a 1-year low of $62.83 and a 1-year high of $143.34. The stock has a market cap of $45.03 billion, a P/E ratio of -101.95, a P/E/G ratio of 27.84 and a beta of 1.78. The stock’s fifty day simple moving average is $125.30 and its two-hundred day simple moving average is $115.17.

DoorDash (NASDAQ:DASHGet Free Report) last posted its quarterly earnings results on Wednesday, May 1st. The company reported ($0.06) earnings per share for the quarter, beating the consensus estimate of ($0.07) by $0.01. The company 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 firm’s revenue for the quarter was up 23.5% on a year-over-year basis. During the same quarter in the prior year, the business earned ($0.41) earnings per share. As a group, analysts forecast that DoorDash, Inc. will post 0.11 earnings per share for the current fiscal year.

Insider Activity

In related news, Director Shona L. Brown sold 700 shares of DoorDash stock in a transaction that occurred on Thursday, April 4th. The shares were sold at an average price of $141.60, for a total value of $99,120.00. Following the sale, the director now owns 70,111 shares of the company’s stock, valued at approximately $9,927,717.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, CEO Tony Xu sold 132,300 shares of DoorDash stock in a transaction dated Thursday, March 14th. The stock was sold at an average price of $131.96, for a total value of $17,458,308.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Shona L. Brown sold 700 shares of the business’s stock in a transaction dated Thursday, April 4th. The shares were sold at an average price of $141.60, for a total value of $99,120.00. Following the completion of the sale, the director now owns 70,111 shares in the company, valued at $9,927,717.60. The disclosure for this sale can be found here. Insiders sold 422,938 shares of company stock valued at $56,763,369 in the last three months. Company insiders own 7.92% of the company’s stock.

DoorDash Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for DoorDash (NASDAQ:DASH)

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