DoorDash, Inc. $DASH Shares Acquired by Cresset Asset Management LLC

Cresset Asset Management LLC grew its stake in DoorDash, Inc. (NASDAQ:DASHFree Report) by 94.0% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 12,475 shares of the company’s stock after purchasing an additional 6,044 shares during the period. Cresset Asset Management LLC’s holdings in DoorDash were worth $3,393,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in DASH. Physician Wealth Advisors Inc. lifted its stake in shares of DoorDash by 284.0% in the 3rd quarter. Physician Wealth Advisors Inc. now owns 96 shares of the company’s stock valued at $26,000 after purchasing an additional 71 shares during the period. Sound Income Strategies LLC boosted its holdings in DoorDash by 2,760.0% during the third quarter. Sound Income Strategies LLC now owns 143 shares of the company’s stock worth $39,000 after buying an additional 138 shares in the last quarter. Rossby Financial LCC grew its position in DoorDash by 127.8% during the third quarter. Rossby Financial LCC now owns 164 shares of the company’s stock valued at $44,000 after buying an additional 92 shares during the period. Annis Gardner Whiting Capital Advisors LLC increased its holdings in DoorDash by 74.3% in the third quarter. Annis Gardner Whiting Capital Advisors LLC now owns 176 shares of the company’s stock valued at $48,000 after buying an additional 75 shares in the last quarter. Finally, Asset Planning Inc purchased a new position in DoorDash in the third quarter valued at $50,000. 90.64% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, CEO Tony Xu sold 16,667 shares of the firm’s stock in a transaction that occurred on Thursday, December 18th. The stock was sold at an average price of $230.00, for a total value of $3,833,410.00. Following the transaction, the chief executive officer owned 1,500 shares in the company, valued at $345,000. This trade represents a 91.74% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Ravi Inukonda sold 1,425 shares of DoorDash stock in a transaction that occurred on Friday, December 19th. The stock was sold at an average price of $231.97, for a total value of $330,557.25. Following the completion of the sale, the chief financial officer directly owned 184,037 shares in the company, valued at $42,691,062.89. This represents a 0.77% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 220,826 shares of company stock valued at $48,944,946. 5.83% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several research firms have recently issued reports on DASH. Wolfe Research set a $270.00 target price on shares of DoorDash in a research note on Monday, January 5th. The Goldman Sachs Group set a $267.00 price target on DoorDash in a research note on Monday, February 2nd. Jefferies Financial Group upped their price target on DoorDash from $260.00 to $270.00 and gave the stock a “buy” rating in a report on Thursday, December 11th. Roth Mkm reiterated a “neutral” rating and set a $200.00 price target on shares of DoorDash in a research report on Thursday, February 19th. Finally, Morgan Stanley restated an “overweight” rating and issued a $275.00 price objective on shares of DoorDash in a research report on Thursday, February 19th. One investment analyst has rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating and nine have assigned a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $262.82.

Get Our Latest Stock Analysis on DASH

DoorDash News Roundup

Here are the key news stories impacting DoorDash this week:

DoorDash Stock Down 2.3%

DASH opened at $179.17 on Friday. DoorDash, Inc. has a twelve month low of $155.40 and a twelve month high of $285.50. The company has a quick ratio of 1.41, a current ratio of 1.41 and a debt-to-equity ratio of 0.27. The company has a 50-day moving average price of $196.55 and a 200 day moving average price of $225.61. The company has a market cap of $77.84 billion, a PE ratio of 84.51 and a beta of 1.82.

DoorDash (NASDAQ:DASHGet Free Report) last posted its quarterly earnings data on Wednesday, February 18th. The company reported $0.48 earnings per share (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 analyst estimates of $3.98 billion. During the same quarter in the previous year, the firm posted $0.33 earnings per share. The company’s quarterly revenue was up 37.7% on a year-over-year basis. Sell-side analysts expect that DoorDash, Inc. will post 2.22 earnings per share for the current fiscal year.

About DoorDash

(Free Report)

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.

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Institutional Ownership by Quarter for DoorDash (NASDAQ:DASH)

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