Stratos Wealth Partners LTD. bought a new position in shares of DoorDash, Inc. (NASDAQ:DASH – Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 1,523 shares of the company’s stock, valued at approximately $278,000.
Several other institutional investors also recently modified their holdings of the business. Brighton Jones LLC raised its holdings in shares of DoorDash by 24.0% in the 4th quarter. Brighton Jones LLC now owns 9,336 shares of the company’s stock worth $1,566,000 after acquiring an additional 1,807 shares during the last quarter. Flagship Harbor Advisors LLC grew its position in DoorDash by 14.4% in the 1st quarter. Flagship Harbor Advisors LLC now owns 1,636 shares of the company’s stock worth $299,000 after purchasing an additional 206 shares in the last quarter. GAMMA Investing LLC grew its position in DoorDash by 70.4% in the 1st quarter. GAMMA Investing LLC now owns 1,922 shares of the company’s stock worth $351,000 after purchasing an additional 794 shares in the last quarter. Commonwealth Equity Services LLC grew its position in DoorDash by 43.0% in the 4th quarter. Commonwealth Equity Services LLC now owns 10,026 shares of the company’s stock worth $1,682,000 after purchasing an additional 3,013 shares in the last quarter. Finally, Park Avenue Securities LLC grew its position in DoorDash by 9.3% in the 1st quarter. Park Avenue Securities LLC now owns 10,017 shares of the company’s stock worth $1,831,000 after purchasing an additional 850 shares in the last quarter. Institutional investors own 90.64% of the company’s stock.
Analyst Upgrades and Downgrades
Several research firms recently commented on DASH. Wall Street Zen raised shares of DoorDash from a “hold” rating to a “buy” rating in a report on Saturday, June 7th. Needham & Company LLC upped their price objective on shares of DoorDash from $225.00 to $230.00 and gave the stock a “buy” rating in a report on Wednesday, May 7th. Citigroup restated an “outperform” rating on shares of DoorDash in a research report on Thursday, June 12th. UBS Group reduced their price objective on shares of DoorDash from $197.00 to $196.00 and set a “neutral” rating for the company in a research note on Wednesday, May 7th. Finally, Raymond James Financial raised shares of DoorDash from an “outperform” rating to a “strong-buy” rating and raised their target price for the company from $215.00 to $260.00 in a research report on Monday, June 23rd. Eleven analysts have rated the stock with a hold rating, twenty-four have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $225.94.
DoorDash Stock Down 2.5%
Shares of DASH opened at $236.77 on Wednesday. The business’s 50 day moving average is $218.43 and its two-hundred day moving average is $197.18. DoorDash, Inc. has a 52-week low of $99.32 and a 52-week high of $248.74. The firm has a market cap of $100.33 billion, a price-to-earnings ratio of 307.50 and a beta of 1.70.
DoorDash (NASDAQ:DASH – Get Free Report) last issued its quarterly earnings data on Tuesday, May 6th. The company reported $0.44 EPS for the quarter, topping analysts’ consensus estimates of $0.39 by $0.05. The firm had revenue of $3.03 billion during the quarter, compared to the consensus estimate of $3.10 billion. DoorDash had a return on equity of 4.39% and a net margin of 3.02%. The firm’s revenue was up 20.7% on a year-over-year basis. During the same period in the prior year, the business earned ($0.06) EPS. On average, equities analysts expect that DoorDash, Inc. will post 2.22 earnings per share for the current fiscal year.
Insiders Place Their Bets
In other news, CFO Ravi Inukonda sold 20,000 shares of the stock in a transaction dated Monday, June 30th. The stock was sold at an average price of $247.00, for a total transaction of $4,940,000.00. Following the transaction, the chief financial officer owned 245,530 shares of the company’s stock, valued at approximately $60,645,910. This represents a 7.53% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Tony Xu sold 34,167 shares of the stock in a transaction that occurred on Tuesday, July 1st. The shares were sold at an average price of $240.66, for a total value of $8,222,630.22. Following the sale, the chief executive officer owned 520,450 shares of the company’s stock, valued at approximately $125,251,497. The trade was a 6.16% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 429,031 shares of company stock valued at $94,584,086. 5.83% of the stock is currently owned by insiders.
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.
Recommended Stories
- Five stocks we like better than DoorDash
- There Are Different Types of Stock To Invest In
- JPMorgan Q2 Results Affirm Dividend, Buybacks, & Growth
- How to buy stock: A step-by-step guide for beginnersĀ
- Goldman Spotlights These 3 Stocks in Its Bullish S&P 500 Outlook
- How to Invest in Small Cap StocksĀ
- Fastenal Surges After Earnings Beat, Tariff Risks Loom
Receive News & Ratings for DoorDash Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for DoorDash and related companies with MarketBeat.com's FREE daily email newsletter.