BSW Wealth Partners Acquires Shares of 1,942 DoorDash, Inc. (NASDAQ:DASH)

BSW Wealth Partners bought a new position in DoorDash, Inc. (NASDAQ:DASH - Free Report) during the first quarter, according to its most recent disclosure with the SEC. The firm bought 1,942 shares of the company's stock, valued at approximately $355,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Norges Bank bought a new stake in DoorDash during the fourth quarter valued at about $597,443,000. Capital World Investors raised its stake in DoorDash by 26.4% during the 4th quarter. Capital World Investors now owns 12,153,265 shares of the company's stock valued at $2,038,712,000 after purchasing an additional 2,538,160 shares during the period. Arrowstreet Capital Limited Partnership lifted its holdings in DoorDash by 67.1% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 4,654,891 shares of the company's stock worth $780,858,000 after purchasing an additional 1,869,866 shares in the last quarter. Franklin Resources Inc. lifted its holdings in DoorDash by 25.0% in the 4th quarter. Franklin Resources Inc. now owns 4,749,810 shares of the company's stock worth $796,781,000 after purchasing an additional 949,414 shares in the last quarter. Finally, Raymond James Financial Inc. bought a new position in DoorDash in the 4th quarter worth approximately $146,094,000. 90.64% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at DoorDash

In related news, CFO Ravi Inukonda sold 15,945 shares of the firm's stock in a transaction on Tuesday, May 20th. The stock was sold at an average price of $199.90, for a total value of $3,187,405.50. Following the completion of the transaction, the chief financial officer owned 393,533 shares in the company, valued at $78,667,246.70. This trade represents a 3.89% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Stanley Tang sold 45,410 shares of the business's stock in a transaction dated Tuesday, April 1st. The shares were sold at an average price of $181.21, for a total value of $8,228,746.10. Following the sale, the director owned 18,285 shares in the company, valued at approximately $3,313,424.85. The trade was a 71.29% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 313,552 shares of company stock worth $63,965,566 in the last three months. 5.83% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several research firms have recently issued reports on DASH. Oppenheimer lifted their price objective on shares of DoorDash from $220.00 to $280.00 and gave the company an "outperform" rating in a research report on Monday. Raymond James Financial upgraded shares of DoorDash from an "outperform" rating to a "strong-buy" rating and lifted their price target for the company from $215.00 to $260.00 in a report on Monday, June 23rd. Evercore ISI reiterated an "outperform" rating on shares of DoorDash in a research note on Monday, March 10th. UBS Group cut their price objective on DoorDash from $197.00 to $196.00 and set a "neutral" rating for the company in a research report on Wednesday, May 7th. Finally, DA Davidson boosted their target price on shares of DoorDash from $150.00 to $190.00 and gave the stock a "neutral" rating in a report on Tuesday, May 6th. Ten analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $216.09.

DoorDash Stock Performance

DASH stock traded up $4.19 on Monday, hitting $246.51. 8,088,566 shares of the company's stock were exchanged, compared to its average volume of 4,229,150. The firm has a 50 day moving average price of $206.04 and a two-hundred day moving average price of $191.54. DoorDash, Inc. has a 12-month low of $99.32 and a 12-month high of $247.78. The stock has a market cap of $104.46 billion, a P/E ratio of 320.15 and a beta of 1.67.

DoorDash (NASDAQ:DASH - Get Free Report) last issued its quarterly earnings results 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. The business 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 company's revenue was up 20.7% on a year-over-year basis. During the same quarter in the previous year, the firm earned ($0.06) earnings per share. Sell-side analysts expect that DoorDash, Inc. will post 2.22 earnings per share for the current fiscal year.

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.