MassMutual Private Wealth & Trust FSB Has $205,000 Holdings in DoorDash, Inc. $DASH

MassMutual Private Wealth & Trust FSB lifted its holdings in DoorDash, Inc. (NASDAQ:DASH) by 68.9% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 831 shares of the company’s stock after purchasing an additional 339 shares during the period. MassMutual Private Wealth & Trust FSB’s holdings in DoorDash were worth $205,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of DASH. Brighton Jones LLC lifted its stake in shares of DoorDash by 24.0% in the 4th quarter. Brighton Jones LLC now owns 9,336 shares of the company’s stock valued at $1,566,000 after purchasing an additional 1,807 shares during the last quarter. Snowden Capital Advisors LLC bought a new position in DoorDash in the 4th quarter worth $251,000. State of Wyoming bought a new position in DoorDash in the 4th quarter worth $187,000. Vident Advisory LLC raised its holdings in DoorDash by 1.4% in the 4th quarter. Vident Advisory LLC now owns 10,721 shares of the company’s stock worth $1,799,000 after acquiring an additional 147 shares during the period. Finally, Pinkerton Retirement Specialists LLC bought a new position in DoorDash in the 4th quarter worth $314,000. Institutional investors and hedge funds own 90.64% of the company’s stock.

Analyst Upgrades and Downgrades

DASH has been the topic of several recent analyst reports. Stifel Nicolaus lifted their target price on shares of DoorDash from $214.00 to $239.00 and gave the stock a “hold” rating in a report on Thursday, August 7th. Royal Bank Of Canada boosted their price target on shares of DoorDash from $230.00 to $300.00 and gave the company an “outperform” rating in a research report on Thursday, August 7th. Morgan Stanley upped their target price on shares of DoorDash from $275.00 to $300.00 and gave the stock an “overweight” rating in a research report on Thursday, August 7th. Jefferies Financial Group boosted their price target on shares of DoorDash from $250.00 to $265.00 and gave the stock a “hold” rating in a research note on Monday, August 11th. Finally, Wells Fargo & Company boosted their price target on shares of DoorDash from $280.00 to $306.00 and gave the stock an “equal weight” rating in a research note on Friday, September 5th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-two have given a Buy rating and thirteen have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, DoorDash has a consensus rating of “Moderate Buy” and an average target price of $268.76.

DoorDash Stock Up 3.4%

Shares of NASDAQ DASH opened at $268.07 on Friday. The company has a market capitalization of $114.52 billion, a P/E ratio of 148.93 and a beta of 1.70. DoorDash, Inc. has a 52-week low of $136.05 and a 52-week high of $278.15. The company has a debt-to-equity ratio of 0.30, a quick ratio of 2.07 and a current ratio of 2.07. The company’s 50 day moving average price is $249.73 and its 200-day moving average price is $217.71.

DoorDash (NASDAQ:DASH) last issued its quarterly earnings results on Wednesday, August 6th. The company reported $0.65 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.42 by $0.23. The firm had revenue of $3.28 billion for the quarter, compared to the consensus estimate of $3.16 billion. DoorDash had a net margin of 6.57% and a return on equity of 9.56%. The company’s revenue for the quarter was up 24.9% on a year-over-year basis. During the same quarter in the previous year, the company earned ($0.38) EPS. Equities analysts forecast that DoorDash, Inc. will post 2.22 earnings per share for the current year.

Insider Buying and Selling

In other DoorDash news, General Counsel Tia Sherringham sold 2,924 shares of the business’s stock in a transaction on Wednesday, September 3rd. The shares were sold at an average price of $250.00, for a total transaction of $731,000.00. Following the completion of the sale, the general counsel owned 112,782 shares in the company, valued at approximately $28,195,500. The trade was a 2.53% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Stanley Tang sold 45,410 shares of the business’s stock in a transaction on Tuesday, September 2nd. The shares were sold at an average price of $243.31, for a total transaction of $11,048,707.10. The disclosure for this sale can be found here. Insiders have sold a total of 1,026,048 shares of company stock worth $251,592,950 over the last ninety days. 5.83% of the stock is owned by company 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.