Deltec Asset Management LLC Makes New $2.27 Million Investment in DoorDash, Inc. $DASH

Key Points

• Deltec Asset Management opened a new position in DoorDash in Q4, buying 10,000 shares valued at approximately $2.27 million, and institutional investors now own about 90.64% of the stock.
• Company insiders have sold a total of 89,406 shares worth roughly $16.64 million over the past three months, leaving insiders with about 5.83% ownership.
• Analysts carry a consensus rating of "Moderate Buy" with an average price target of $261.32; DoorDash recently missed EPS estimates by $0.10 while reporting revenue growth of 37.7% year‑over‑year.

Deltec Asset Management LLC bought a new position in DoorDash, Inc. (NASDAQ:DASH - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 10,000 shares of the company's stock, valued at approximately $2,265,000.

Other large investors have also recently added to or reduced their stakes in the company. Physician Wealth Advisors Inc. increased its position in DoorDash by 284.0% in the third quarter. Physician Wealth Advisors Inc. now owns 96 shares of the company's stock worth $26,000 after buying an additional 71 shares during the period. Eastern Bank increased its position in DoorDash by 714.3% in the fourth quarter. Eastern Bank now owns 114 shares of the company's stock worth $26,000 after buying an additional 100 shares during the period. Sunbelt Securities Inc. grew its stake in shares of DoorDash by 124.1% in the third quarter. Sunbelt Securities Inc. now owns 121 shares of the company's stock worth $33,000 after purchasing an additional 67 shares in the last quarter. ST Germain D J Co. Inc. bought a new position in shares of DoorDash in the fourth quarter worth $29,000. Finally, Morse Asset Management Inc bought a new position in shares of DoorDash in the third quarter worth $36,000. 90.64% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on DASH shares. Wells Fargo & Company decreased their price target on DoorDash from $221.00 to $198.00 and set an "equal weight" rating for the company in a research note on Monday, March 30th. Piper Sandler reissued a "neutral" rating and issued a $220.00 price target (down from $230.00) on shares of DoorDash in a research note on Thursday, February 19th. Benchmark increased their price target on DoorDash from $280.00 to $285.00 and gave the stock a "buy" rating in a research note on Thursday, February 19th. Guggenheim decreased their price target on DoorDash from $275.00 to $255.00 and set a "buy" rating for the company in a research note on Thursday, February 19th. Finally, Citizens Jmp decreased their price target on DoorDash from $285.00 to $250.00 and set a "market outperform" rating for the company in a research note on Friday, February 20th. One research analyst has rated the stock with a Strong Buy rating, twenty-five have issued a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $261.32.

Insider Buying and Selling

In related news, Director Shona L. Brown sold 1,250 shares of DoorDash stock in a transaction dated Monday, March 9th. The stock was sold at an average price of $176.61, for a total transaction of $220,762.50. Following the transaction, the director directly owned 31,002 shares of the company's stock, valued at $5,475,263.22. The trade was a 3.88% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Stanley Tang sold 45,410 shares of DoorDash stock in a transaction dated Monday, February 2nd. The stock was sold at an average price of $209.01, for a total value of $9,491,144.10. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 89,406 shares of company stock valued at $16,639,624 over the last three months. Company insiders own 5.83% of the company's stock.

DoorDash Stock Performance

Shares of DASH stock opened at $176.78 on Monday. The stock has a 50-day simple moving average of $166.77 and a 200 day simple moving average of $201.92. The stock has a market capitalization of $76.80 billion, a P/E ratio of 83.39 and a beta of 1.93. DoorDash, Inc. has a fifty-two week low of $143.30 and a fifty-two week high of $285.50. The company has a quick ratio of 1.41, a current ratio of 1.41 and a debt-to-equity ratio of 0.27.

DoorDash (NASDAQ:DASH - Get Free Report) last released its earnings results on Wednesday, February 18th. The company reported $0.48 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.58 by ($0.10). The firm had revenue of $3.96 billion for the quarter, compared to analyst estimates of $3.98 billion. DoorDash had a return on equity of 10.15% and a net margin of 6.82%.DoorDash's revenue was up 37.7% on a year-over-year basis. During the same period in the previous year, the firm earned $0.33 earnings per share. On average, sell-side analysts expect that DoorDash, Inc. will post 2.51 earnings per share for the current fiscal year.

DoorDash Profile

DoorDash, Inc operates a technology-driven logistics and food-delivery marketplace that connects consumers, merchants and independent delivery contractors. The company's core service enables customers to order from local restaurants and retailers through its app and website while DoorDash handles last-mile fulfillment via its network of drivers, known as “Dashers.” Over time the platform has broadened beyond restaurant deliveries to include groceries, convenience items and retail deliveries, positioning DoorDash as a broader on-demand logistics provider for consumer goods.

In addition to its marketplace, DoorDash offers a suite of products and services for consumers and businesses.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.