1,650 Shares in DoorDash, Inc. (NASDAQ:DASH) Acquired by Intellectus Partners LLC

Intellectus Partners 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 1,650 shares of the company's stock, valued at approximately $302,000.

A number of other large 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 fourth 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 last quarter. IFP Advisors Inc increased its stake 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 last quarter. Avestar Capital LLC increased its stake in DoorDash by 1.1% in the fourth quarter. Avestar Capital LLC now owns 6,618 shares of the company's stock valued at $1,110,000 after purchasing an additional 75 shares in the last quarter. Coldstream Capital Management Inc. raised its stake in DoorDash by 5.5% during the 4th quarter. Coldstream Capital Management Inc. now owns 1,661 shares of the company's stock worth $279,000 after buying an additional 86 shares during the period. Finally, LVW Advisors LLC raised its position in shares of DoorDash by 6.1% during the first quarter. LVW Advisors LLC now owns 1,495 shares of the company's stock worth $273,000 after purchasing an additional 86 shares during the period. 90.64% of the stock is currently owned by institutional investors.

Insider Activity

In other news, insider Keith Yandell sold 5,410 shares of the company's stock in a transaction on Friday, May 23rd. The shares were sold at an average price of $204.53, for a total value of $1,106,507.30. Following the sale, the insider now directly owns 104,922 shares of the company's stock, valued at approximately $21,459,696.66. This represents a 4.90% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Ravi Inukonda sold 1,425 shares of the stock in a transaction on Friday, April 25th. The stock was sold at an average price of $187.22, for a total transaction of $266,788.50. Following the sale, the chief financial officer now owns 337,430 shares of the company's stock, valued at approximately $63,173,644.60. This trade represents a 0.42% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 268,030 shares of company stock valued at $52,907,806. Company insiders own 5.83% of the company's stock.

DoorDash Stock Performance

Shares of NASDAQ:DASH opened at $218.45 on Friday. DoorDash, Inc. has a 52-week low of $99.32 and a 52-week high of $220.88. The company has a fifty day moving average of $191.96 and a 200-day moving average of $186.37. The company has a market capitalization of $92.57 billion, a PE ratio of 809.07 and a beta of 1.67.

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

Analyst Upgrades and Downgrades

Several research firms recently commented on DASH. Roth Mkm boosted their price objective on shares of DoorDash from $165.00 to $193.00 and gave the company a "neutral" rating in a research report on Wednesday, February 12th. BMO Capital Markets reissued an "outperform" rating on shares of DoorDash in a report on Tuesday, April 29th. Piper Sandler reiterated a "neutral" rating and set a $210.00 price target (up previously from $160.00) on shares of DoorDash in a report on Wednesday, February 12th. Truist Financial upped their price objective on shares of DoorDash from $217.00 to $235.00 and gave the company a "buy" rating in a report on Wednesday, February 12th. Finally, Mizuho upped their target price on DoorDash from $200.00 to $222.00 and gave the company an "outperform" 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 given a buy rating to the company's stock. According to data from MarketBeat, DoorDash has an average rating of "Moderate Buy" and an average target price of $209.97.

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.

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