Farther Finance Advisors LLC Sells 6,988 Shares of DoorDash, Inc. (NASDAQ:DASH)

Farther Finance Advisors LLC decreased its holdings in shares of DoorDash, Inc. (NASDAQ:DASH - Free Report) by 75.7% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,243 shares of the company's stock after selling 6,988 shares during the period. Farther Finance Advisors LLC's holdings in DoorDash were worth $409,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently modified their holdings of the company. Pittenger & Anderson Inc. bought a new stake in shares of DoorDash during the 4th quarter valued at $29,000. Denver PWM LLC bought a new position in DoorDash in the 4th quarter worth $30,000. IFP Advisors Inc boosted its holdings in DoorDash by 31.8% in the 4th 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 boosted its holdings in DoorDash by 1,452.9% in the 1st quarter. Rothschild Investment LLC now owns 264 shares of the company's stock worth $48,000 after buying an additional 247 shares during the period. Finally, Larson Financial Group LLC boosted its holdings 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 buying an additional 313 shares during the period. Institutional investors own 90.64% of the company's stock.

DoorDash Price Performance

DoorDash stock opened at $221.73 on Tuesday. DoorDash, Inc. has a 1-year low of $99.32 and a 1-year high of $223.29. The firm has a market capitalization of $93.96 billion, a P/E ratio of 821.22 and a beta of 1.67. The company's 50-day moving average is $197.63 and its 200 day moving average is $188.20.

DoorDash (NASDAQ:DASH - Get Free Report) last posted its quarterly earnings data 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 company had revenue of $3.03 billion for the quarter, compared to analyst estimates of $3.10 billion. During the same period in the prior year, the company posted ($0.06) EPS. The firm's revenue for the quarter was up 20.7% on a year-over-year basis. Research analysts anticipate that DoorDash, Inc. will post 2.22 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other DoorDash news, Director Stanley Tang sold 45,410 shares of the company's stock in a transaction dated Tuesday, April 1st. The shares were sold at an average price of $181.21, for a total value of $8,228,746.10. Following the transaction, the director now directly owns 18,285 shares in the company, valued at $3,313,424.85. This represents a 71.29% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Andy Fang sold 30,000 shares of the company's stock in a transaction dated Thursday, June 5th. The stock was sold at an average price of $217.52, for a total transaction of $6,525,600.00. Following the completion of the transaction, the director now owns 22,545 shares in the company, valued at $4,903,988.40. This represents a 57.09% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 298,030 shares of company stock worth $59,433,406 in the last three months. Corporate insiders own 5.83% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on DASH shares. BMO Capital Markets reaffirmed an "outperform" rating on shares of DoorDash in a report on Tuesday, April 29th. Cantor Fitzgerald reaffirmed an "overweight" rating and issued a $210.00 target price on shares of DoorDash in a report on Wednesday, May 7th. Oppenheimer reaffirmed a "hold" rating on shares of DoorDash in a report on Monday, March 10th. Needham & Company LLC upped their target price on shares of DoorDash from $225.00 to $230.00 and gave the stock a "buy" rating in a report on Wednesday, May 7th. Finally, Roth Capital set a $191.00 price objective on shares of DoorDash and gave the company a "neutral" rating in a report on Wednesday, May 7th. Eleven investment analysts have rated the stock with a hold rating and twenty-five have assigned a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $210.21.

About DoorDash

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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