DoorDash, Inc. (NASDAQ:DASH) Shares Purchased by Franklin Street Advisors Inc. NC

Franklin Street Advisors Inc. NC boosted its stake in shares of DoorDash, Inc. (NASDAQ:DASH - Free Report) by 7,715.3% during the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 138,721 shares of the company's stock after buying an additional 136,946 shares during the period. DoorDash makes up approximately 1.8% of Franklin Street Advisors Inc. NC's holdings, making the stock its 18th largest holding. Franklin Street Advisors Inc. NC's holdings in DoorDash were worth $25,354,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the stock. Brighton Jones LLC boosted its holdings in DoorDash by 24.0% during the 4th quarter. Brighton Jones LLC now owns 9,336 shares of the company's stock valued at $1,566,000 after acquiring an additional 1,807 shares during the period. Principal Financial Group Inc. lifted its position in shares of DoorDash by 2.9% during the fourth quarter. Principal Financial Group Inc. now owns 93,382 shares of the company's stock worth $15,665,000 after purchasing an additional 2,596 shares during the last quarter. Jones Financial Companies Lllp lifted its position in shares of DoorDash by 36.2% during the fourth quarter. Jones Financial Companies Lllp now owns 1,926 shares of the company's stock worth $323,000 after purchasing an additional 512 shares during the last quarter. Truist Financial Corp grew its holdings in shares of DoorDash by 35.1% in the fourth quarter. Truist Financial Corp now owns 8,597 shares of the company's stock worth $1,442,000 after purchasing an additional 2,233 shares during the last quarter. Finally, Allworth Financial LP grew its holdings in shares of DoorDash by 26.9% in the fourth quarter. Allworth Financial LP now owns 840 shares of the company's stock worth $149,000 after purchasing an additional 178 shares during the last quarter. 90.64% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on DASH. Royal Bank of Canada reiterated an "outperform" rating and set a $230.00 price objective on shares of DoorDash in a report on Wednesday, May 7th. KeyCorp reduced their target price on shares of DoorDash from $240.00 to $230.00 and set an "overweight" rating for the company in a report on Tuesday, April 15th. Barclays raised their price objective on DoorDash from $163.00 to $200.00 and gave the stock an "equal weight" rating in a research report on Thursday, February 13th. DA Davidson upped their price target on shares of DoorDash from $150.00 to $190.00 and gave the company a "neutral" rating in a research note on Tuesday, May 6th. Finally, Evercore ISI reaffirmed an "outperform" rating on shares of DoorDash in a report on Monday, March 10th. Eleven analysts have rated the stock with a hold rating and twenty-five have assigned a buy rating to the company. According to data from MarketBeat.com, DoorDash has a consensus rating of "Moderate Buy" and an average price target of $210.21.

Insider Buying and Selling

In related news, Director Andy Fang sold 30,000 shares of the stock in a transaction on Thursday, June 5th. The stock was sold at an average price of $217.52, for a total value of $6,525,600.00. Following the transaction, the director now owns 22,545 shares of the company's stock, valued at $4,903,988.40. This represents a 57.09% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, COO Prabir Adarkar sold 62,267 shares of DoorDash stock in a transaction dated Friday, May 23rd. The stock was sold at an average price of $202.67, for a total value of $12,619,652.89. Following the sale, the chief operating officer now directly owns 942,554 shares of the company's stock, valued at $191,027,419.18. This trade represents a 6.20% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 298,030 shares of company stock worth $59,433,406. Company insiders own 5.83% of the company's stock.

DoorDash Trading Up 1.1%

NASDAQ DASH traded up $2.36 during trading hours on Friday, reaching $218.96. The company had a trading volume of 2,954,061 shares, compared to its average volume of 4,198,715. DoorDash, Inc. has a 1-year low of $99.32 and a 1-year high of $220.88. The stock has a 50-day moving average of $195.44 and a 200 day moving average of $187.51. The stock has a market capitalization of $92.78 billion, a P/E ratio of 810.96 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 EPS for the quarter, beating the consensus estimate of $0.39 by $0.05. DoorDash had a net margin of 1.15% and a return on equity of 1.67%. The company had revenue of $3.03 billion during the quarter, compared to analysts' expectations of $3.10 billion. During the same quarter last year, the company posted ($0.06) EPS. The firm's revenue was up 20.7% compared to the same quarter last year. As a group, sell-side analysts predict that DoorDash, Inc. will post 2.22 EPS for the current year.

DoorDash 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.