2,419 Shares in DoorDash, Inc. (NASDAQ:DASH) Acquired by Ground Swell Capital LLC

Ground Swell Capital LLC bought a new stake in DoorDash, Inc. (NASDAQ:DASH - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm bought 2,419 shares of the company's stock, valued at approximately $406,000. DoorDash makes up about 0.6% of Ground Swell Capital LLC's portfolio, making the stock its 25th largest holding.

Other large investors have also made changes to their positions in the company. GeoWealth Management LLC increased its stake in DoorDash by 3.7% during the 4th quarter. GeoWealth Management LLC now owns 1,428 shares of the company's stock valued at $240,000 after purchasing an additional 51 shares in the last quarter. IFP Advisors Inc increased its position in shares of DoorDash by 31.8% in the 4th quarter. IFP Advisors Inc now owns 224 shares of the company's stock valued at $37,000 after acquiring an additional 54 shares during the period. MassMutual Private Wealth & Trust FSB raised its stake in DoorDash by 34.0% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 272 shares of the company's stock worth $46,000 after acquiring an additional 69 shares during the last quarter. Avestar Capital LLC lifted its position in DoorDash by 1.1% during the 4th quarter. Avestar Capital LLC now owns 6,618 shares of the company's stock worth $1,110,000 after acquiring an additional 75 shares during the period. Finally, Wealth Enhancement Advisory Services LLC lifted its position in DoorDash by 0.7% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 11,744 shares of the company's stock worth $1,970,000 after acquiring an additional 84 shares during the period. 90.64% of the stock is owned by institutional investors and hedge funds.

Insider Activity at DoorDash

In other news, Director Andy Fang sold 1,398 shares of the stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $203.45, for a total transaction of $284,423.10. Following the completion of the transaction, the director now directly owns 14,778 shares in the company, valued at approximately $3,006,584.10. This represents a 8.64 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, General Counsel Tia Sherringham sold 12,088 shares of the firm's stock in a transaction dated 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 sale, the general counsel now directly owns 122,135 shares of the company's stock, valued at $24,848,365.75. The trade was a 9.01 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 158,573 shares of company stock valued at $30,407,073. 7.92% of the stock is owned by company insiders.

DoorDash Price Performance

DASH opened at $183.56 on Friday. The company's 50 day simple moving average is $184.61 and its two-hundred day simple moving average is $180.63. The firm has a market capitalization of $77.11 billion, a price-to-earnings ratio of 679.85 and a beta of 1.68. DoorDash, Inc. has a 1-year low of $99.32 and a 1-year high of $215.25.

DoorDash (NASDAQ:DASH - Get Free Report) last released its quarterly earnings data on Tuesday, May 6th. The company reported $0.44 earnings per share for the quarter, topping analysts' consensus estimates of $0.39 by $0.05. DoorDash had a return on equity of 1.67% and a net margin of 1.15%. The company had revenue of $3.03 billion for the quarter, compared to analyst estimates of $3.10 billion. During the same quarter in the previous year, the company posted ($0.06) earnings per share. The firm's revenue for the quarter was up 20.7% compared to the same quarter last year. On average, equities analysts anticipate that DoorDash, Inc. will post 2.22 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research analysts have recently issued reports on DASH shares. Needham & Company LLC raised their price objective on DoorDash from $225.00 to $230.00 and gave the stock a "buy" rating in a research note on Wednesday. DA Davidson raised their price target on shares of DoorDash from $150.00 to $190.00 and gave the stock a "neutral" rating in a research report on Tuesday. JMP Securities reaffirmed a "market outperform" rating and issued a $225.00 price objective on shares of DoorDash in a report on Monday, April 28th. KeyCorp reduced their target price on shares of DoorDash from $240.00 to $230.00 and set an "overweight" rating for the company in a report on Tuesday, April 15th. Finally, BMO Capital Markets reaffirmed an "outperform" rating on shares of DoorDash in a report on Tuesday, April 29th. Ten investment analysts have rated the stock with a hold rating and twenty-four have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $209.97.

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.

Want to see what other hedge funds are holding DASH? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for DoorDash, Inc. (NASDAQ:DASH - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.