Financial Harvest LLC Acquires Shares of 19,104 DoorDash, Inc. (NASDAQ:DASH)

Financial Harvest LLC bought a new position in DoorDash, Inc. (NASDAQ:DASH - Free Report) in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 19,104 shares of the company's stock, valued at approximately $3,492,000. DoorDash accounts for 2.3% of Financial Harvest LLC's investment portfolio, making the stock its 11th biggest holding.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. GeoWealth Management LLC lifted its holdings in DoorDash by 3.7% in the fourth quarter. GeoWealth Management LLC now owns 1,428 shares of the company's stock valued at $240,000 after buying an additional 51 shares during the period. Coldstream Capital Management Inc. grew its holdings in shares of DoorDash by 5.5% in the fourth quarter. Coldstream Capital Management Inc. now owns 1,661 shares of the company's stock worth $279,000 after purchasing an additional 86 shares during the last quarter. LVW Advisors LLC lifted its stake in shares of DoorDash by 6.1% in the 1st quarter. LVW Advisors LLC now owns 1,495 shares of the company's stock valued at $273,000 after purchasing an additional 86 shares during the period. CVA Family Office LLC raised its stake in DoorDash by 12.7% during the 1st quarter. CVA Family Office LLC now owns 774 shares of the company's stock valued at $141,000 after buying an additional 87 shares during the last quarter. Finally, Insigneo Advisory Services LLC increased its holdings in DoorDash by 4.8% in the 4th quarter. Insigneo Advisory Services LLC now owns 2,315 shares of the company's stock worth $388,000 after acquiring an additional 105 shares in the last quarter. 90.64% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on DASH shares. Bank of America boosted their price target on shares of DoorDash from $230.00 to $245.00 and gave the stock a "buy" rating in a research report on Thursday, June 12th. BMO Capital Markets reiterated an "outperform" rating on shares of DoorDash in a research report on Tuesday, April 29th. Royal Bank Of Canada restated an "outperform" rating and set a $230.00 price objective on shares of DoorDash in a research note on Wednesday, May 7th. KeyCorp upped their price objective on DoorDash from $235.00 to $295.00 and gave the stock an "overweight" rating in a research note on Monday, July 14th. Finally, JMP Securities upped their price target on shares of DoorDash from $235.00 to $250.00 and gave the company a "market outperform" rating in a report on Tuesday, July 15th. Twelve research 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. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $230.34.

DoorDash Trading Up 0.8%

NASDAQ:DASH traded up $2.02 during trading hours on Monday, hitting $241.19. The company's stock had a trading volume of 1,295,845 shares, compared to its average volume of 4,189,993. DoorDash, Inc. has a 52-week low of $99.32 and a 52-week high of $248.74. The stock has a market capitalization of $102.20 billion, a P/E ratio of 313.38 and a beta of 1.70. The stock has a fifty day moving average of $221.73 and a 200-day moving average of $198.79.

DoorDash (NASDAQ:DASH - Get Free Report) last issued its earnings results on Tuesday, May 6th. The company reported $0.44 earnings per share for the quarter, topping the consensus estimate of $0.39 by $0.05. The business had revenue of $3.03 billion for the quarter, compared to analyst estimates of $3.10 billion. DoorDash had a return on equity of 4.39% and a net margin of 3.02%. The business's quarterly revenue was up 20.7% on a year-over-year basis. During the same period last year, the company posted ($0.06) EPS. On average, sell-side analysts forecast that DoorDash, Inc. will post 2.22 earnings per share for the current year.

Insider Buying and Selling at DoorDash

In other DoorDash news, Director Andy Fang sold 30,000 shares of the business's stock in a transaction dated Thursday, June 5th. The shares were sold at an average price of $217.52, for a total value of $6,525,600.00. Following the completion of the transaction, the director directly owned 22,545 shares of the company's stock, valued at approximately $4,903,988.40. The trade was a 57.09% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Stanley Tang sold 45,410 shares of the 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 sale, the director directly owned 26,070 shares of the company's stock, valued at approximately $6,274,788.30. The trade was a 63.53% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 463,198 shares of company stock valued at $102,674,831. Corporate insiders own 5.83% of the company's stock.

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.