DoorDash, Inc. (NASDAQ:DASH) Shares Sold by Cetera Investment Advisers

Cetera Investment Advisers lowered its holdings in shares of DoorDash, Inc. (NASDAQ:DASH) by 1.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 13,498 shares of the company’s stock after selling 228 shares during the period. Cetera Investment Advisers’ holdings in DoorDash were worth $2,264,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Swedbank AB grew its holdings in DoorDash by 3.3% in the fourth quarter. Swedbank AB now owns 171,055 shares of the company’s stock valued at $28,694,000 after purchasing an additional 5,539 shares during the period. LVW Advisors LLC purchased a new stake in DoorDash in the fourth quarter valued at approximately $236,000. Flagship Harbor Advisors LLC purchased a new stake in DoorDash in the fourth quarter valued at approximately $240,000. Merit Financial Group LLC purchased a new stake in DoorDash in the fourth quarter valued at approximately $503,000. Finally, Principal Financial Group Inc. grew its holdings in DoorDash by 25.0% in the third quarter. Principal Financial Group Inc. now owns 90,786 shares of the company’s stock valued at $12,958,000 after purchasing an additional 18,155 shares during the period. 90.64% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts have issued reports on the stock. Cantor Fitzgerald reiterated an “overweight” rating and set a $210.00 price objective on shares of DoorDash in a research note on Wednesday, May 7th. Benchmark boosted their price objective on shares of DoorDash from $220.00 to $225.00 and gave the stock a “buy” rating in a research note on Wednesday, May 7th. Citigroup reiterated an “outperform” rating on shares of DoorDash in a research note on Monday, April 28th. Loop Capital boosted their price objective on shares of DoorDash from $200.00 to $235.00 and gave the stock a “buy” rating in a research note on Monday, February 24th. Finally, JMP Securities reiterated a “market outperform” rating and set a $225.00 price objective on shares of DoorDash in a research note on Monday, April 28th. Ten equities research analysts have rated the stock with a hold rating and twenty-four have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $209.97.

Insider Activity at DoorDash

In other news, General Counsel Tia Sherringham sold 12,088 shares of the firm’s stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $203.45, for a total value of $2,459,303.60. Following the completion of the transaction, the general counsel now owns 122,135 shares in the company, valued at $24,848,365.75. This trade represents a 9.01% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Ravi Inukonda sold 15,198 shares of the firm’s stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $204.11, for a total value of $3,102,063.78. Following the completion of the transaction, the chief financial officer now owns 351,970 shares of the company’s stock, valued at approximately $71,840,596.70. The trade was a 4.14% decrease in their position. The disclosure for this sale can be found here. Insiders sold 158,573 shares of company stock worth $30,407,073 in the last ninety days. 5.83% of the stock is owned by company insiders.

DoorDash Stock Up 2.5%

NASDAQ:DASH opened at $202.00 on Monday. The stock has a market cap of $84.86 billion, a P/E ratio of 748.15 and a beta of 1.68. The business’s 50-day moving average price is $186.03 and its two-hundred day moving average price is $182.51. DoorDash, Inc. has a twelve month low of $99.32 and a twelve month high of $215.25.

DoorDash (NASDAQ:DASH) last announced its quarterly earnings data on Tuesday, May 6th. The company reported $0.44 EPS for the quarter, beating the consensus estimate of $0.39 by $0.05. The firm had revenue of $3.03 billion for the quarter, compared to analyst estimates of $3.10 billion. DoorDash had a return on equity of 1.67% and a net margin of 1.15%. The company’s revenue was up 20.7% on a year-over-year basis. During the same period in the prior year, the company earned ($0.06) EPS. On average, equities research analysts expect that DoorDash, Inc. will post 2.22 EPS for the current fiscal year.

DoorDash Company 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.