Bingham Private Wealth LLC Acquires Shares of 3,277 DoorDash, Inc. $DASH

Bingham Private Wealth LLC acquired a new stake in shares of DoorDash, Inc. (NASDAQ:DASH) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 3,277 shares of the company’s stock, valued at approximately $742,000.

A number of other large investors have also added to or reduced their stakes in DASH. Brighton Jones LLC raised its stake in DoorDash by 24.0% during the fourth quarter. Brighton Jones LLC now owns 9,336 shares of the company’s stock valued at $1,566,000 after buying an additional 1,807 shares during the last quarter. Integrated Wealth Concepts LLC raised its stake in DoorDash by 21.5% during the first quarter. Integrated Wealth Concepts LLC now owns 1,715 shares of the company’s stock valued at $314,000 after buying an additional 303 shares during the last quarter. Empowered Funds LLC raised its stake in DoorDash by 3.6% during the first quarter. Empowered Funds LLC now owns 8,130 shares of the company’s stock valued at $1,486,000 after buying an additional 285 shares during the last quarter. Sivia Capital Partners LLC raised its stake in DoorDash by 92.9% during the second quarter. Sivia Capital Partners LLC now owns 4,255 shares of the company’s stock valued at $1,049,000 after buying an additional 2,049 shares during the last quarter. Finally, Baird Financial Group Inc. purchased a new position in DoorDash during the second quarter valued at $222,000. Hedge funds and other institutional investors own 90.64% of the company’s stock.

DoorDash Stock Up 2.5%

DASH stock opened at $163.55 on Wednesday. DoorDash, Inc. has a 1-year low of $143.30 and a 1-year high of $285.50. The business has a fifty day moving average price of $166.36 and a 200-day moving average price of $207.14. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.41 and a quick ratio of 1.41. The stock has a market capitalization of $71.05 billion, a P/E ratio of 77.15 and a beta of 1.93.

DoorDash (NASDAQ:DASH) last issued its quarterly earnings data on Wednesday, February 18th. The company reported $0.48 EPS for the quarter, missing the consensus estimate of $0.58 by ($0.10). DoorDash had a return on equity of 10.15% and a net margin of 6.82%.The firm had revenue of $3.96 billion during the quarter, compared to the consensus estimate of $3.98 billion. During the same period in the previous year, the firm earned $0.33 EPS. The business’s revenue was up 37.7% on a year-over-year basis. Equities analysts forecast that DoorDash, Inc. will post 2.22 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, COO Prabir Adarkar sold 10,000 shares of DoorDash stock in a transaction on Monday, March 23rd. The stock was sold at an average price of $158.97, for a total value of $1,589,700.00. Following the completion of the sale, the chief operating officer owned 843,678 shares of the company’s stock, valued at $134,119,491.66. The trade was a 1.17% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Stanley Tang sold 21,433 shares of DoorDash stock in a transaction on Thursday, April 2nd. The stock was sold at an average price of $150.00, for a total value of $3,214,950.00. Following the completion of the sale, the director directly owned 19,279 shares of the company’s stock, valued at $2,891,850. The trade was a 52.65% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 94,406 shares of company stock valued at $17,825,074 over the last 90 days. Company insiders own 5.83% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently weighed in on DASH shares. Truist Financial boosted their price target on DoorDash from $330.00 to $340.00 and gave the stock a “buy” rating in a research note on Thursday, February 19th. Roth Mkm restated a “neutral” rating and issued a $200.00 price target on shares of DoorDash in a research note on Thursday, February 19th. Cantor Fitzgerald decreased their price target on DoorDash from $285.00 to $230.00 and set an “overweight” rating for the company in a research note on Thursday, February 19th. Benchmark boosted their price target on DoorDash from $280.00 to $285.00 and gave the stock a “buy” rating in a research note on Thursday, February 19th. Finally, Needham & Company LLC decreased their price target on DoorDash from $275.00 to $265.00 and set a “buy” rating for the company in a research note on Thursday, February 19th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-five have issued a Buy rating and nine have issued a Hold rating to the stock. According to MarketBeat, DoorDash has an average rating of “Moderate Buy” and a consensus target price of $260.88.

More DoorDash News

Here are the key news stories impacting DoorDash this week:

• Positive Sentiment: Brokerage consensus remains constructive — DoorDash carries a “Moderate Buy” consensus from brokerages, which supports investor confidence in the name. DoorDash receives consensus ‘Moderate Buy’
• Positive Sentiment: High-profile publicity around tips and driver support has generated favorable headlines and consumer/driver sympathy that can boost near-term sentiment. Coverage includes a DoorDash driver praising a tax policy that saved her money and a viral Oval Office tipping moment. ‘DoorDash Grandma’ praises tax break Trump tips DoorDash driver
• Neutral Sentiment: A criminal case update: the wife of a convicted town official who shot a DoorDash driver has pleaded guilty. This keeps the safety issue in the headlines but does not currently imply corporate liability. Wife pleads guilty in shooting of DoorDash driver
• Negative Sentiment: Zacks added DASH to its Rank #5 (Strong Sell) list — a high-visibility negative signal that can pressure sentiment and attract short-term sellers. Zacks adds DASH to Strong Sell list
• Negative Sentiment: Stifel Nicolaus cut DoorDash’s price target from $215 to $185 and moved to a “hold” rating — a downward revision that reduces upside expectations and can weigh on the stock. Stifel lowers price target
• Negative Sentiment: Regulatory risk: coverage about possible city-wide bans on delivery platforms (including DoorDash) highlights local regulatory and compliance threats that could hit revenue in affected markets. City-wide ban risk for delivery platforms

DoorDash Company Profile

DoorDash, Inc operates a technology-driven logistics and food-delivery marketplace that connects consumers, merchants and independent delivery contractors. The company’s core service enables customers to order from local restaurants and retailers through its app and website while DoorDash handles last-mile fulfillment via its network of drivers, known as “Dashers.” Over time the platform has broadened beyond restaurant deliveries to include groceries, convenience items and retail deliveries, positioning DoorDash as a broader on-demand logistics provider for consumer goods.

In addition to its marketplace, DoorDash offers a suite of products and services for consumers and businesses.