Fi3 FINANCIAL ADVISORS LLC Takes Position in DoorDash, Inc. (NASDAQ:DASH)

Key Points

• Fi3 Financial Advisors LLC has acquired a new position in DoorDash, purchasing 1,154 shares valued at approximately $211,000 in the first quarter.
• DoorDash's shares saw insider selling, with notable directors selling a combined 75,410 shares valued over $17 million, significantly reducing their ownership stakes.
• DoorDash reported earnings of $0.44 per share for the last quarter, exceeding analyst expectations, with revenues increasing by 20.7% compared to the previous year.

Fi3 FINANCIAL ADVISORS LLC bought a new stake in DoorDash, Inc. (NASDAQ:DASH - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 1,154 shares of the company's stock, valued at approximately $211,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. increased its holdings in DoorDash by 25.8% during the 1st quarter. Vanguard Group Inc. now owns 39,397,286 shares of the company's stock valued at $7,200,642,000 after purchasing an additional 8,073,882 shares during the period. Capital World Investors increased its holdings in DoorDash by 26.4% during the 4th quarter. Capital World Investors now owns 12,153,265 shares of the company's stock valued at $2,038,712,000 after purchasing an additional 2,538,160 shares during the period. Goldman Sachs Group Inc. increased its holdings in DoorDash by 36.5% during the 1st quarter. Goldman Sachs Group Inc. now owns 3,151,986 shares of the company's stock valued at $576,089,000 after purchasing an additional 842,637 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in DoorDash by 46.7% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,515,861 shares of the company's stock valued at $422,036,000 after purchasing an additional 800,322 shares during the period. Finally, Voloridge Investment Management LLC increased its holdings in DoorDash by 2,183.2% during the 4th quarter. Voloridge Investment Management LLC now owns 816,881 shares of the company's stock valued at $137,032,000 after purchasing an additional 781,103 shares during the period. Institutional investors own 90.64% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on DASH shares. BTIG Research boosted their price target on DoorDash from $225.00 to $265.00 and gave the company a "buy" rating in a report on Tuesday, July 1st. Sanford C. Bernstein boosted their price target on DoorDash from $210.00 to $265.00 and gave the company an "outperform" rating in a report on Monday, July 21st. Citigroup restated an "outperform" rating on shares of DoorDash in a report on Thursday. Evercore ISI restated an "outperform" rating and set a $360.00 price target (up previously from $240.00) on shares of DoorDash in a report on Friday. Finally, Benchmark boosted their price target on DoorDash from $260.00 to $315.00 and gave the company a "buy" rating in a report on Thursday. Twelve equities research analysts have rated the stock with a hold rating, twenty-three have given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, DoorDash currently has an average rating of "Moderate Buy" and a consensus price target of $259.18.

Insiders Place Their Bets

In related news, Director Stanley Tang sold 45,410 shares of the company's stock in a transaction that occurred on Tuesday, July 1st. The stock was sold at an average price of $240.69, for a total value of $10,929,732.90. Following the transaction, the director directly owned 26,070 shares of the company's stock, valued at approximately $6,274,788.30. This represents a 63.53% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, COO Prabir Adarkar sold 62,267 shares of the company's stock in a transaction that occurred on Friday, May 23rd. The shares were sold at an average price of $202.67, for a total value of $12,619,652.89. Following the completion of the transaction, the chief operating officer directly owned 942,554 shares in the company, 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 90 days, insiders sold 583,537 shares of company stock valued at $133,720,004. Insiders own 5.83% of the company's stock.

DoorDash Stock Down 4.4%

Shares of DASH traded down $11.80 during mid-day trading on Friday, reaching $259.19. The company had a trading volume of 5,340,842 shares, compared to its average volume of 3,280,438. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.72 and a current ratio of 2.07. The firm has a 50-day moving average price of $236.11 and a 200 day moving average price of $206.45. DoorDash, Inc. has a 52 week low of $121.44 and a 52 week high of $278.15. The company has a market capitalization of $109.83 billion, a price-to-earnings ratio of 144.00 and a beta of 1.70.

DoorDash (NASDAQ:DASH - Get Free Report) last released its quarterly earnings data on Wednesday, August 6th. The company reported $0.65 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.42 by $0.23. The business had revenue of $3.28 billion for the quarter, compared to analysts' expectations of $3.16 billion. DoorDash had a return on equity of 9.56% and a net margin of 6.57%. The firm's quarterly revenue was up 24.9% on a year-over-year basis. During the same period in the prior year, the firm posted ($0.38) EPS. On average, sell-side analysts forecast 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.