Cetera Investment Advisers lifted its holdings in shares of DoorDash, Inc. (NASDAQ:DASH - Free Report) by 34.8% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 18,197 shares of the company's stock after purchasing an additional 4,699 shares during the period. Cetera Investment Advisers' holdings in DoorDash were worth $3,326,000 as of its most recent SEC filing.
Other institutional investors have also recently modified their holdings of the company. ORG Partners LLC increased its stake in DoorDash by 404.0% during the 1st quarter. ORG Partners LLC now owns 252 shares of the company's stock worth $46,000 after buying an additional 202 shares during the period. Rothschild Investment LLC grew its stake in DoorDash by 1,452.9% during the 1st quarter. Rothschild Investment LLC now owns 264 shares of the company's stock valued at $48,000 after purchasing an additional 247 shares in the last quarter. Mizuho Securities Co. Ltd. raised its holdings in DoorDash by 150.0% in the first quarter. Mizuho Securities Co. Ltd. now owns 300 shares of the company's stock valued at $55,000 after acquiring an additional 180 shares in the last quarter. Washington Trust Advisors Inc. bought a new position in shares of DoorDash during the first quarter worth about $56,000. Finally, Cromwell Holdings LLC acquired a new stake in shares of DoorDash during the first quarter worth $58,000. 90.64% of the stock is currently owned by institutional investors and hedge funds.
DoorDash Stock Performance
DASH stock traded up $2.85 during midday trading on Wednesday, hitting $258.13. 5,358,275 shares of the stock were exchanged, compared to its average volume of 4,749,064. DoorDash, Inc. has a fifty-two week low of $121.18 and a fifty-two week high of $259.87. The stock has a market cap of $109.38 billion, a price-to-earnings ratio of 335.23 and a beta of 1.70. The stock's 50-day moving average price is $232.69 and its 200-day moving average price is $204.86.
DoorDash (NASDAQ:DASH - Get Free Report) last announced its quarterly earnings data on Wednesday, August 6th. The company reported $0.65 earnings per share for the quarter, topping the consensus estimate of $0.42 by $0.23. DoorDash had a net margin of 3.02% and a return on equity of 4.39%. Research analysts anticipate that DoorDash, Inc. will post 2.22 EPS for the current year.
Insider Transactions at DoorDash
In other DoorDash news, Director Stanley Tang sold 45,410 shares of the business's stock in a transaction on Friday, August 1st. The shares were sold at an average price of $247.11, for a total value of $11,221,265.10. Following the transaction, the director owned 26,070 shares in the company, valued at $6,442,157.70. The trade was a 63.53% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Andy Fang sold 30,000 shares of the stock in a transaction that occurred on Friday, August 1st. The shares were sold at an average price of $247.04, for a total value of $7,411,200.00. Following the transaction, the director owned 22,545 shares of the company's stock, valued at approximately $5,569,516.80. This trade represents a 57.09% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 583,537 shares of company stock worth $133,720,004 in the last quarter. 5.83% of the stock is owned by corporate insiders.
Wall Street Analysts Forecast Growth
Several equities research analysts recently issued reports on DASH shares. Loop Capital reissued a "buy" rating on shares of DoorDash in a research note on Tuesday, July 15th. BMO Capital Markets reiterated an "outperform" rating on shares of DoorDash in a research note on Tuesday, April 29th. Wells Fargo & Company upped their price target on shares of DoorDash from $198.00 to $239.00 and gave the company an "equal weight" rating in a report on Monday, July 7th. JPMorgan Chase & Co. dropped their target price 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. Finally, Morgan Stanley restated an "overweight" rating and issued a $275.00 price target (up from $220.00) on shares of DoorDash in a research report on Monday, July 21st. Eleven research analysts have rated the stock with a hold rating, twenty-four have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $235.56.
Check Out Our Latest Research Report on DoorDash
About DoorDash
(
Free Report)
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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