Challenger Wealth Management Invests $252,000 in DoorDash, Inc. (NASDAQ:DASH)

Challenger Wealth Management purchased a new stake in DoorDash, Inc. (NASDAQ:DASH - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 1,500 shares of the company's stock, valued at approximately $252,000.

A number of other hedge funds have also recently bought and sold shares of DASH. Pittenger & Anderson Inc. acquired a new stake in shares of DoorDash in the fourth quarter valued at approximately $29,000. Denver PWM LLC acquired a new stake in shares of DoorDash in the fourth quarter valued at approximately $30,000. Princeton Global Asset Management LLC acquired a new stake in shares of DoorDash in the fourth quarter valued at approximately $34,000. IFP Advisors Inc lifted its position in shares of DoorDash by 31.8% in 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. Finally, MassMutual Private Wealth & Trust FSB lifted its holdings in DoorDash by 34.0% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 272 shares of the company's stock worth $46,000 after purchasing an additional 69 shares during the last quarter. 90.64% of the stock is currently owned by institutional investors.

DoorDash Stock Performance

Shares of DoorDash stock traded down $2.01 on Thursday, hitting $204.58. The company had a trading volume of 3,077,297 shares, compared to its average volume of 4,205,128. The stock has a market capitalization of $86.69 billion, a price-to-earnings ratio of 757.70 and a beta of 1.68. DoorDash, Inc. has a 1 year low of $99.32 and a 1 year high of $215.25. The stock has a 50 day moving average of $188.79 and a 200-day moving average of $184.49.

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

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the company. JPMorgan Chase & Co. dropped their price target on DoorDash from $205.00 to $175.00 and set a "neutral" rating for the company in a report on Tuesday, April 8th. JMP Securities reiterated a "market outperform" rating and issued a $225.00 price target on shares of DoorDash in a research note on Monday, April 28th. Mizuho boosted their price objective on DoorDash from $200.00 to $222.00 and gave the stock an "outperform" rating in a research report on Wednesday, February 12th. Wells Fargo & Company reduced their price objective on DoorDash from $201.00 to $198.00 and set an "equal weight" rating on the stock in a research report on Wednesday, May 7th. Finally, Truist Financial upped their price target on DoorDash from $217.00 to $235.00 and gave the company a "buy" rating in a research report on Wednesday, February 12th. Ten equities research analysts have rated the stock with a hold rating and twenty-five have issued a buy rating to the company's stock. Based on data from MarketBeat, DoorDash currently has an average rating of "Moderate Buy" and a consensus target price of $209.97.

Insider Activity at DoorDash

In related news, insider Keith Yandell sold 5,410 shares of the stock in a transaction that occurred on Friday, May 23rd. The stock was sold at an average price of $204.53, for a total transaction of $1,106,507.30. Following the completion of the sale, the insider now directly owns 104,922 shares of the company's stock, valued at approximately $21,459,696.66. This trade represents a 4.90% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Ravi Inukonda sold 14,296 shares of the stock in a transaction that occurred on Tuesday, May 27th. The shares were sold at an average price of $205.54, for a total value of $2,938,399.84. Following the sale, the chief financial officer now directly owns 380,037 shares of the company's stock, valued at $78,112,804.98. The trade was a 3.63% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 222,736 shares of company stock valued at $43,334,336. 5.83% of the stock is owned by insiders.

About DoorDash

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.