Ameriprise Financial Inc. Boosts Stock Position in DoorDash, Inc. (NASDAQ:DASH)

Ameriprise Financial Inc. raised its position in shares of DoorDash, Inc. (NASDAQ:DASH - Free Report) by 77.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 643,352 shares of the company's stock after buying an additional 279,809 shares during the quarter. Ameriprise Financial Inc. owned about 0.15% of DoorDash worth $107,928,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. GeoWealth Management LLC grew its stake in shares of 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 during the period. IFP Advisors Inc boosted its stake in DoorDash by 31.8% during the fourth quarter. IFP Advisors Inc now owns 224 shares of the company's stock valued at $37,000 after buying an additional 54 shares during the last quarter. MassMutual Private Wealth & Trust FSB grew its holdings in shares of DoorDash by 34.0% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 272 shares of the company's stock valued at $46,000 after purchasing an additional 69 shares in the last quarter. Avestar Capital LLC grew its stake in shares of DoorDash by 1.1% in the 4th quarter. Avestar Capital LLC now owns 6,618 shares of the company's stock worth $1,110,000 after buying an additional 75 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC boosted its holdings in shares of DoorDash by 0.7% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 11,744 shares of the company's stock worth $1,970,000 after purchasing an additional 84 shares during the period. Hedge funds and other institutional investors own 90.64% of the company's stock.

Insider Buying and Selling at DoorDash

In other DoorDash news, CFO Ravi Inukonda sold 15,198 shares of the firm's stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $204.11, for a total transaction of $3,102,063.78. Following the transaction, the chief financial officer now directly owns 351,970 shares in the company, valued at approximately $71,840,596.70. This trade represents a 4.14 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, General Counsel Tia Sherringham sold 12,088 shares of the business's stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $203.45, for a total transaction of $2,459,303.60. Following the transaction, the general counsel now owns 122,135 shares in the company, valued at approximately $24,848,365.75. This trade represents a 9.01 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 158,573 shares of company stock valued at $30,407,073. Corporate insiders own 7.92% of the company's stock.

Analysts Set New Price Targets

Several analysts have recently weighed in on the stock. Cantor Fitzgerald reaffirmed an "overweight" rating and set a $210.00 price target on shares of DoorDash in a research note on Wednesday. Barclays raised their price objective on shares of DoorDash from $163.00 to $200.00 and gave the stock an "equal weight" rating in a research note on Thursday, February 13th. DA Davidson boosted their price target on shares of DoorDash from $150.00 to $190.00 and gave the stock a "neutral" rating in a report on Tuesday, May 6th. JMP Securities reissued a "market outperform" rating and issued a $225.00 price target on shares of DoorDash in a research note on Monday, April 28th. Finally, The Goldman Sachs Group increased their price target on shares of DoorDash from $192.00 to $212.00 and gave the company a "neutral" rating in a research note on Wednesday, February 12th. Ten research analysts have rated the stock with a hold rating and twenty-four have issued a 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 $209.97.

DoorDash Stock Up 0.3 %

NASDAQ DASH traded up $0.60 on Friday, hitting $183.56. The company's stock had a trading volume of 3,422,208 shares, compared to its average volume of 4,178,195. DoorDash, Inc. has a 1-year low of $99.32 and a 1-year high of $215.25. The firm has a market cap of $77.11 billion, a PE ratio of 679.85 and a beta of 1.68. The company's 50-day moving average is $184.61 and its 200 day moving average is $180.84.

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

DoorDash 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.