Wealth Enhancement Advisory Services LLC Grows Holdings in DoorDash, Inc. (NASDAQ:DASH)

Wealth Enhancement Advisory Services LLC grew its stake in shares of DoorDash, Inc. (NASDAQ:DASH - Free Report) by 234.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 38,990 shares of the company's stock after purchasing an additional 27,330 shares during the quarter. Wealth Enhancement Advisory Services LLC's holdings in DoorDash were worth $6,541,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also modified their holdings of the business. Pittenger & Anderson Inc. purchased a new position in DoorDash in the 4th quarter valued at about $29,000. Denver PWM LLC bought a new position in DoorDash during the fourth quarter worth $30,000. Princeton Global Asset Management LLC bought a new position in DoorDash during the fourth quarter worth $34,000. IFP Advisors Inc lifted its stake in DoorDash by 31.8% in the fourth quarter. IFP Advisors Inc now owns 224 shares of the company's stock valued at $37,000 after buying an additional 54 shares during the last quarter. Finally, Newbridge Financial Services Group Inc. acquired a new position in shares of DoorDash during the fourth quarter valued at $59,000. 90.64% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on DASH shares. BMO Capital Markets restated an "outperform" rating on shares of DoorDash in a research report on Tuesday, April 29th. Roth Mkm boosted their price target on DoorDash from $165.00 to $193.00 and gave the company a "neutral" rating in a research note on Wednesday, February 12th. Citigroup restated an "outperform" rating on shares of DoorDash in a research report on Monday, April 28th. DA Davidson increased their price target on DoorDash from $150.00 to $190.00 and gave the stock a "neutral" rating in a report on Tuesday, May 6th. Finally, Loop Capital increased their price target on DoorDash from $200.00 to $235.00 and gave the company a "buy" rating in a research report on Monday, February 24th. Eleven investment analysts have rated the stock with a hold rating and twenty-four have assigned a buy rating to the stock. According to MarketBeat.com, DoorDash currently has a consensus rating of "Moderate Buy" and an average target price of $209.97.

Insiders Place Their Bets

In other DoorDash news, Director Stanley Tang sold 45,410 shares of DoorDash stock in a transaction dated Tuesday, April 1st. The shares were sold at an average price of $181.21, for a total transaction of $8,228,746.10. Following the transaction, the director now directly owns 18,285 shares of the company's stock, valued at $3,313,424.85. The trade was a 71.29% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Ravi Inukonda sold 14,296 shares of DoorDash stock in a transaction dated Tuesday, May 27th. The stock was sold at an average price of $205.54, for a total transaction of $2,938,399.84. Following the transaction, the chief financial officer now directly owns 380,037 shares in the company, valued at $78,112,804.98. This trade represents a 3.63% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 268,030 shares of company stock valued at $52,907,806 over the last ninety days. Company insiders own 5.83% of the company's stock.

DoorDash Trading Down 2.0%

DASH traded down $4.39 on Thursday, reaching $215.84. The stock had a trading volume of 3,646,075 shares, compared to its average volume of 4,212,392. DoorDash, Inc. has a 12-month low of $99.32 and a 12-month high of $220.64. The business's 50-day moving average price is $191.24 and its two-hundred day moving average price is $186.08. The company has a market cap of $91.46 billion, a P/E ratio of 799.41 and a beta of 1.67.

DoorDash (NASDAQ:DASH - Get Free Report) last posted 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. DoorDash had a net margin of 1.15% and a return on equity of 1.67%. The firm had revenue of $3.03 billion for the quarter, compared to analyst estimates of $3.10 billion. During the same period in the previous year, the business posted ($0.06) earnings per share. DoorDash's quarterly revenue was up 20.7% on a year-over-year basis. As a group, analysts predict that DoorDash, Inc. will post 2.22 earnings per share for the current year.

DoorDash Company 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.