Orion Portfolio Solutions LLC Purchases Shares of 4,728 DoorDash, Inc. (NASDAQ:DASH)

Orion Portfolio Solutions LLC purchased a new stake in shares of DoorDash, Inc. (NASDAQ:DASHFree Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 4,728 shares of the company’s stock, valued at approximately $466,000.

Several other large investors have also added to or reduced their stakes in the company. Team Hewins LLC purchased a new position in DoorDash during the fourth quarter valued at approximately $801,000. SageView Advisory Group LLC bought a new stake in shares of DoorDash during the fourth quarter valued at approximately $270,000. AXS Investments LLC bought a new stake in shares of DoorDash during the fourth quarter valued at approximately $667,000. Commerce Bank raised its position in shares of DoorDash by 3.4% during the fourth quarter. Commerce Bank now owns 5,073 shares of the company’s stock valued at $502,000 after buying an additional 166 shares during the last quarter. Finally, US Bancorp DE raised its position in shares of DoorDash by 9.1% during the fourth quarter. US Bancorp DE now owns 6,874 shares of the company’s stock valued at $680,000 after buying an additional 573 shares during the last quarter. Hedge funds and other institutional investors own 90.64% of the company’s stock.

Insider Activity

In other news, CEO Tony Xu sold 132,300 shares of the business’s 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 document filed with the Securities & Exchange Commission, which can be accessed through this link. In related news, CEO Tony Xu sold 132,300 shares of the company’s stock in a transaction dated Thursday, March 14th. The shares were sold at an average price of $131.96, for a total value of $17,458,308.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, General Counsel Tia Sherringham sold 11,740 shares of the company’s stock in a transaction dated Thursday, May 23rd. The stock was sold at an average price of $110.46, for a total transaction of $1,296,800.40. Following the completion of the sale, the general counsel now directly owns 183,512 shares of the company’s stock, valued at $20,270,735.52. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 437,235 shares of company stock valued at $58,322,937. 7.92% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on DASH shares. Wells Fargo & Company lifted their price objective on shares of DoorDash from $100.00 to $125.00 and gave the company an “equal weight” rating in a research report on Thursday, April 4th. Loop Capital started coverage on shares of DoorDash in a research report on Friday, April 19th. They set a “buy” rating and a $170.00 price objective on the stock. JMP Securities reduced their price objective on shares of DoorDash from $160.00 to $140.00 and set a “market outperform” rating on the stock in a research report on Thursday, May 2nd. Citigroup lifted their price objective on shares of DoorDash from $141.00 to $144.00 and gave the company a “buy” rating in a research report on Thursday, May 2nd. Finally, Royal Bank of Canada reduced their price target on shares of DoorDash from $175.00 to $165.00 and set an “outperform” rating on the stock in a research report on Thursday, May 2nd. Nine investment analysts have rated the stock with a hold rating and sixteen have assigned 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 $132.28.

Get Our Latest Stock Analysis on DoorDash

DoorDash Stock Up 3.2 %

DASH stock opened at $114.07 on Friday. The stock has a market capitalization of $46.64 billion, a price-to-earnings ratio of -105.62, a price-to-earnings-growth ratio of 28.14 and a beta of 1.69. DoorDash, Inc. has a twelve month low of $68.71 and a twelve month high of $143.34. The firm’s fifty day simple moving average is $123.14 and its two-hundred day simple moving average is $115.36.

DoorDash (NASDAQ:DASHGet Free Report) last issued its earnings results on Wednesday, May 1st. The company reported ($0.06) earnings per share (EPS) for the quarter, beating 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 revenue was up 23.5% on a year-over-year basis. During the same period in the previous year, the firm earned ($0.41) earnings per share. As a group, equities research analysts expect that DoorDash, Inc. will post 0.11 EPS for the current year.

About DoorDash

(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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