Exchange Traded Concepts LLC decreased its position in DoorDash, Inc. (NASDAQ:DASH - Free Report) by 80.5% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 591 shares of the company's stock after selling 2,436 shares during the quarter. Exchange Traded Concepts LLC's holdings in DoorDash were worth $108,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds and other institutional investors have also bought and sold shares of the company. IFP Advisors Inc increased its holdings in shares of DoorDash by 31.8% in the fourth quarter. IFP Advisors Inc now owns 224 shares of the company's stock worth $37,000 after buying an additional 54 shares during the period. Rothschild Investment LLC grew its position in DoorDash by 1,452.9% during the 1st quarter. Rothschild Investment LLC now owns 264 shares of the company's stock worth $48,000 after acquiring an additional 247 shares during the last quarter. Larson Financial Group LLC increased its stake in DoorDash by 695.6% in the 4th quarter. Larson Financial Group LLC now owns 358 shares of the company's stock worth $60,000 after purchasing an additional 313 shares during the period. Summit Securities Group LLC purchased a new position in DoorDash in the 4th quarter worth approximately $63,000. Finally, Huntington National Bank lifted its position in DoorDash by 90.9% in the fourth quarter. Huntington National Bank now owns 485 shares of the company's stock valued at $81,000 after purchasing an additional 231 shares during the last quarter. Hedge funds and other institutional investors own 90.64% of the company's stock.
Wall Street Analysts Forecast Growth
Several research analysts have recently issued reports on the stock. Raymond James Financial upgraded shares of DoorDash from an "outperform" rating to a "strong-buy" rating and raised their target price for the stock from $215.00 to $260.00 in a report on Monday, June 23rd. Wall Street Zen raised shares of DoorDash from a "hold" rating to a "buy" rating in a report on Saturday, June 7th. Wedbush restated an "outperform" rating on shares of DoorDash in a research report on Wednesday, May 7th. FBN Securities initiated coverage on shares of DoorDash in a report on Friday, March 28th. They set an "outperform" rating and a $230.00 target price for the company. Finally, UBS Group cut their target price on DoorDash from $197.00 to $196.00 and set a "neutral" rating on the stock in a research note on Wednesday, May 7th. Eleven analysts have rated the stock with a hold rating, twenty-four have assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $214.76.
View Our Latest Stock Analysis on DoorDash
DoorDash Price Performance
NASDAQ:DASH traded up $2.68 during mid-day trading on Friday, hitting $242.32. 7,323,728 shares of the company's stock were exchanged, compared to its average volume of 4,213,649. The company has a market cap of $102.68 billion, a PE ratio of 314.71 and a beta of 1.67. DoorDash, Inc. has a one year low of $99.32 and a one year high of $242.63. The business has a fifty day moving average price of $206.04 and a 200 day moving average price of $191.43.
DoorDash (NASDAQ:DASH - Get Free Report) last released its earnings results on Tuesday, May 6th. The company reported $0.44 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.39 by $0.05. DoorDash had a net margin of 3.02% and a return on equity of 4.39%. The firm had revenue of $3.03 billion during the quarter, compared to analyst estimates of $3.10 billion. During the same period last year, the business earned ($0.06) earnings per share. The business's revenue was up 20.7% on a year-over-year basis. On average, equities analysts forecast that DoorDash, Inc. will post 2.22 EPS for the current fiscal year.
Insider Activity at DoorDash
In other news, insider Keith Yandell sold 5,410 shares of the stock in a transaction on Friday, May 23rd. The stock was sold at an average price of $204.53, for a total value of $1,106,507.30. Following the sale, the insider now directly owns 104,922 shares of the company's stock, valued at approximately $21,459,696.66. This represents a 4.90% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, General Counsel Tia Sherringham sold 7,546 shares of the firm's stock in a transaction on Friday, May 23rd. The shares were sold at an average price of $204.56, for a total value of $1,543,609.76. Following the transaction, the general counsel now owns 129,514 shares of the company's stock, valued at $26,493,383.84. The trade was a 5.51% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 313,552 shares of company stock valued at $63,965,566 in the last 90 days. Corporate insiders own 5.83% of the company's stock.
About DoorDash
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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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