GTS Securities LLC Sells 29,111 Shares of DoorDash, Inc. (NASDAQ:DASH)

GTS Securities LLC cut its stake in DoorDash, Inc. (NASDAQ:DASH - Free Report) by 95.6% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,344 shares of the company's stock after selling 29,111 shares during the quarter. GTS Securities LLC's holdings in DoorDash were worth $225,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Pittenger & Anderson Inc. bought a new position in shares of DoorDash in the 4th quarter worth about $29,000. Denver PWM LLC bought a new position in shares of DoorDash in the 4th quarter worth about $30,000. Princeton Global Asset Management LLC bought a new position in shares of DoorDash in the 4th quarter worth about $34,000. IFP Advisors Inc increased its stake in shares of DoorDash by 31.8% in the 4th quarter. IFP Advisors Inc now owns 224 shares of the company's stock worth $37,000 after acquiring an additional 54 shares in the last quarter. Finally, Newbridge Financial Services Group Inc. bought a new position in shares of DoorDash in the 4th quarter worth about $59,000. 90.64% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

DASH has been the topic of several recent analyst reports. JMP Securities reissued a "market outperform" rating and set a $225.00 price objective on shares of DoorDash in a research report on Monday, April 28th. Mizuho increased their price objective on shares of DoorDash from $200.00 to $222.00 and gave the company an "outperform" rating in a research report on Wednesday, February 12th. Wells Fargo & Company cut their price objective on shares of DoorDash from $201.00 to $198.00 and set an "equal weight" rating on the stock in a research report on Wednesday, May 7th. Royal Bank of Canada reissued an "outperform" rating and set a $230.00 price objective on shares of DoorDash in a research report on Wednesday, May 7th. Finally, UBS Group cut their price objective on shares of DoorDash from $197.00 to $196.00 and set a "neutral" rating on the stock in a research report on Wednesday, May 7th. Eleven research analysts have rated the stock with a hold rating and twenty-four have issued a buy rating to the company's stock. According to data from MarketBeat.com, DoorDash has an average rating of "Moderate Buy" and a consensus price target of $209.97.

DoorDash Price Performance

Shares of DASH traded up $4.40 on Wednesday, reaching $218.10. The company's stock had a trading volume of 1,968,763 shares, compared to its average volume of 4,197,501. DoorDash, Inc. has a 12-month low of $99.32 and a 12-month high of $219.59. The stock has a market capitalization of $92.42 billion, a P/E ratio of 807.98 and a beta of 1.68. The stock's 50 day simple moving average is $189.83 and its two-hundred day simple moving average is $185.55.

DoorDash (NASDAQ:DASH - Get Free Report) last issued its quarterly earnings results on Tuesday, May 6th. The company reported $0.44 earnings per share 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 business had revenue of $3.03 billion for the quarter, compared to the consensus estimate of $3.10 billion. During the same quarter in the previous year, the firm earned ($0.06) earnings per share. The company's revenue for the quarter was up 20.7% on a year-over-year basis. Analysts expect that DoorDash, Inc. will post 2.22 earnings per share for the current year.

Insider Buying and Selling at DoorDash

In other DoorDash news, CFO Ravi Inukonda sold 14,715 shares of DoorDash stock in a transaction that occurred on Monday, March 24th. The shares were sold at an average price of $196.52, for a total transaction of $2,891,791.80. Following the transaction, the chief financial officer now owns 338,055 shares of the company's stock, valued at $66,434,568.60. The trade was a 4.17% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Prabir Adarkar sold 20,000 shares of DoorDash stock in a transaction that occurred on Friday, March 28th. The shares were sold at an average price of $185.58, for a total transaction of $3,711,600.00. Following the transaction, the chief operating officer now directly owns 887,348 shares in the company, valued at $164,674,041.84. This represents a 2.20% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 222,736 shares of company stock valued at $43,334,336 over the last 90 days. 5.83% of the stock is currently owned by corporate insiders.

DoorDash Company 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.