1,600 Shares in DoorDash, Inc. (NASDAQ:DASH) Purchased by Chung Wu Investment Group LLC

Chung Wu Investment Group LLC purchased a new stake in DoorDash, Inc. (NASDAQ:DASH - Free Report) during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 1,600 shares of the company's stock, valued at approximately $292,000.

Several other large investors have also recently added to or reduced their stakes in DASH. GeoWealth Management LLC lifted its position in DoorDash by 3.7% during the 4th quarter. GeoWealth Management LLC now owns 1,428 shares of the company's stock worth $240,000 after buying an additional 51 shares in the last quarter. IFP Advisors Inc raised its position in shares of DoorDash by 31.8% during the fourth quarter. IFP Advisors Inc now owns 224 shares of the company's stock worth $37,000 after acquiring an additional 54 shares during the last quarter. Coldstream Capital Management Inc. lifted its position in DoorDash by 5.5% during the 4th quarter. Coldstream Capital Management Inc. now owns 1,661 shares of the company's stock valued at $279,000 after purchasing an additional 86 shares during the period. LVW Advisors LLC boosted its stake in shares of DoorDash by 6.1% in the 1st quarter. LVW Advisors LLC now owns 1,495 shares of the company's stock valued at $273,000 after purchasing an additional 86 shares during the last quarter. Finally, CVA Family Office LLC grew its position in shares of DoorDash by 12.7% during the 1st quarter. CVA Family Office LLC now owns 774 shares of the company's stock worth $141,000 after buying an additional 87 shares during the period. 90.64% of the stock is owned by institutional investors.

Insider Buying and Selling at DoorDash

In related news, CEO Tony Xu sold 44,244 shares of the firm's stock in a transaction on Monday, June 16th. The shares were sold at an average price of $220.71, for a total transaction of $9,765,093.24. Following the completion of the transaction, the chief executive officer now owns 520,450 shares of the company's stock, valued at $114,868,519.50. This trade represents a 7.84% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, COO Prabir Adarkar sold 20,000 shares of DoorDash stock in a transaction dated Friday, March 28th. The shares were sold at an average price of $185.58, for a total value of $3,711,600.00. Following the transaction, the chief operating officer now owns 887,348 shares of the company's stock, valued at $164,674,041.84. The trade was a 2.20% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 332,127 shares of company stock worth $67,346,994 over the last three months. Corporate insiders own 5.83% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the company. Evercore ISI reiterated an "outperform" rating on shares of DoorDash in a report on Monday, March 10th. JPMorgan Chase & Co. cut their price target on shares of DoorDash from $205.00 to $175.00 and set a "neutral" rating on the stock in a research report on Tuesday, April 8th. Wall Street Zen upgraded shares of DoorDash from a "hold" rating to a "buy" rating in a report on Saturday, June 7th. UBS Group lowered their target price on shares of DoorDash from $197.00 to $196.00 and set a "neutral" rating for the company in a research note on Wednesday, May 7th. Finally, Morgan Stanley reduced their price target on shares of DoorDash from $245.00 to $210.00 and set an "overweight" rating on the stock in a research report on Thursday, April 17th. Eleven equities research analysts have rated the stock with a hold rating, twenty-four have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $214.76.

DoorDash Trading Down 1.5%

NASDAQ:DASH opened at $232.68 on Thursday. The company has a market cap of $98.60 billion, a price-to-earnings ratio of 302.19 and a beta of 1.67. DoorDash, Inc. has a twelve month low of $99.32 and a twelve month high of $238.47. The stock has a fifty day simple moving average of $203.65 and a 200-day simple moving average of $190.41.

DoorDash (NASDAQ:DASH - Get Free Report) last announced its quarterly earnings results on Tuesday, May 6th. The company reported $0.44 EPS for the quarter, beating the consensus estimate of $0.39 by $0.05. The firm had revenue of $3.03 billion for the quarter, compared to analyst estimates of $3.10 billion. DoorDash had a return on equity of 4.39% and a net margin of 3.02%. The business's revenue for the quarter was up 20.7% on a year-over-year basis. During the same quarter last year, the firm posted ($0.06) earnings per share. As a group, equities research analysts predict that DoorDash, Inc. will post 2.22 EPS for the current fiscal 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.

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