NBC Securities Inc. Has $677,000 Stake in DoorDash, Inc. (NASDAQ:DASH)

NBC Securities Inc. lifted its stake in shares of DoorDash, Inc. (NASDAQ:DASH - Free Report) by 123,533.3% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 3,709 shares of the company's stock after acquiring an additional 3,706 shares during the quarter. NBC Securities Inc.'s holdings in DoorDash were worth $677,000 as of its most recent filing with the SEC.

Several other large investors also recently made changes to their positions in DASH. Pittenger & Anderson Inc. bought a new stake in shares of DoorDash during the 4th quarter worth about $29,000. Denver PWM LLC acquired a new stake in DoorDash in the 4th quarter valued at approximately $30,000. IFP Advisors Inc grew its holdings in DoorDash by 31.8% in the 4th quarter. IFP Advisors Inc now owns 224 shares of the company's stock valued at $37,000 after buying an additional 54 shares during the last quarter. Rothschild Investment LLC grew its holdings in DoorDash by 1,452.9% in the 1st quarter. Rothschild Investment LLC now owns 264 shares of the company's stock valued at $48,000 after buying an additional 247 shares during the last quarter. Finally, Newbridge Financial Services Group Inc. acquired a new stake in DoorDash in the 4th quarter valued at approximately $59,000. Institutional investors own 90.64% of the company's stock.

DoorDash Price Performance

Shares of DASH stock traded down $4.39 during trading hours on Thursday, hitting $215.84. 3,646,075 shares of the company's stock were exchanged, compared to its average volume of 4,212,405. The stock's 50-day moving average is $190.58 and its 200-day moving average is $185.78. The stock has a market cap of $91.46 billion, a price-to-earnings ratio of 799.41 and a beta of 1.67. DoorDash, Inc. has a 52 week low of $99.32 and a 52 week high of $221.56.

DoorDash (NASDAQ:DASH - Get Free Report) last announced its earnings results on Tuesday, May 6th. The company reported $0.44 EPS for the quarter, topping the consensus estimate of $0.39 by $0.05. The company had revenue of $3.03 billion for the quarter, compared to analysts' expectations of $3.10 billion. DoorDash had a return on equity of 1.67% and a net margin of 1.15%. The business's revenue for the quarter was up 20.7% on a year-over-year basis. During the same quarter in the prior year, the business earned ($0.06) earnings per share. Equities research analysts forecast that DoorDash, Inc. will post 2.22 earnings per share for the current fiscal year.

Insider Activity

In other news, CFO Ravi Inukonda sold 14,715 shares of the company's stock in a transaction on Monday, March 24th. The stock was 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. This represents a 4.17% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Keith Yandell sold 5,410 shares of the company's stock in a transaction on Friday, May 23rd. The shares were sold at an average price of $204.53, for a total value of $1,106,507.30. Following the transaction, the insider now directly owns 104,922 shares in the company, valued at $21,459,696.66. This trade represents a 4.90% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 267,967 shares of company stock valued at $52,894,360 over the last 90 days. 5.83% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of research firms have issued reports on DASH. JMP Securities reaffirmed a "market outperform" rating and issued a $225.00 target price on shares of DoorDash in a report on Monday, April 28th. Royal Bank of Canada reaffirmed an "outperform" rating and issued a $230.00 target price on shares of DoorDash in a report on Wednesday, May 7th. Truist Financial raised their price objective on DoorDash from $217.00 to $235.00 and gave the stock a "buy" rating in a research report on Wednesday, February 12th. Susquehanna raised their price objective on DoorDash from $180.00 to $235.00 and gave the stock a "positive" rating in a research report on Thursday, February 13th. Finally, JPMorgan Chase & Co. reduced their price objective on DoorDash from $205.00 to $175.00 and set a "neutral" rating for the company in a research report on Tuesday, April 8th. Eleven investment analysts have rated the stock with a hold rating and twenty-four have assigned a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $209.97.

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.