Northwest Wealth Management LLC Invests $200,000 in DoorDash, Inc. (NASDAQ:DASH)

Northwest Wealth Management LLC bought a new stake in shares of DoorDash, Inc. (NASDAQ:DASH - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 1,096 shares of the company's stock, valued at approximately $200,000.

Other hedge funds have also recently bought and sold shares of the company. IFP Advisors Inc lifted 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 acquiring an additional 54 shares during the last quarter. ORG Partners LLC lifted its stake in DoorDash by 404.0% during the first quarter. ORG Partners LLC now owns 252 shares of the company's stock valued at $46,000 after purchasing an additional 202 shares during the last quarter. Rothschild Investment LLC boosted its holdings in DoorDash by 1,452.9% during the first quarter. Rothschild Investment LLC now owns 264 shares of the company's stock worth $48,000 after buying an additional 247 shares in the last quarter. Mizuho Securities Co. Ltd. boosted its holdings in DoorDash by 150.0% during the first quarter. Mizuho Securities Co. Ltd. now owns 300 shares of the company's stock worth $55,000 after buying an additional 180 shares in the last quarter. Finally, Larson Financial Group LLC grew its position in DoorDash by 695.6% in the fourth 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 last quarter. 90.64% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts have issued reports on DASH shares. Benchmark lifted their price target on shares of DoorDash from $220.00 to $225.00 and gave the stock a "buy" rating in a research report on Wednesday, May 7th. DA Davidson lifted their price target on shares of DoorDash from $150.00 to $190.00 and gave the stock a "neutral" rating in a research report on Tuesday, May 6th. Wells Fargo & Company decreased their price target 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 restated an "outperform" rating and issued a $230.00 price target on shares of DoorDash in a research report on Wednesday, May 7th. Finally, JPMorgan Chase & Co. decreased their price target on shares of DoorDash from $205.00 to $175.00 and set a "neutral" rating on the stock in a research report on Tuesday, April 8th. Eleven equities research analysts have rated the stock with a hold rating, twenty-four have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $214.76.

Insiders Place Their Bets

In other news, Director Andy Fang sold 30,000 shares of DoorDash stock in a transaction that occurred on 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 transaction, the director now owns 22,545 shares of the company's stock, valued at $4,903,988.40. This trade represents a 57.09% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, COO Prabir Adarkar sold 62,267 shares of the business's stock in a transaction on Friday, May 23rd. The stock was sold at an average price of $202.67, for a total transaction of $12,619,652.89. Following the completion of the sale, the chief operating officer now owns 942,554 shares of the company's stock, valued at $191,027,419.18. The trade was a 6.20% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 313,552 shares of company stock valued at $63,965,566 over the last quarter. Insiders own 5.83% of the company's stock.

DoorDash Stock Up 1.1%

NASDAQ DASH opened at $242.32 on Monday. The stock has a market capitalization of $102.68 billion, a PE ratio of 314.71 and a beta of 1.67. DoorDash, Inc. has a 12-month low of $99.32 and a 12-month high of $244.38. The company has a 50 day moving average price of $206.04 and a two-hundred day moving average price of $191.54.

DoorDash (NASDAQ:DASH - Get Free Report) last released its quarterly earnings data on Tuesday, May 6th. The company reported $0.44 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.39 by $0.05. The business had revenue of $3.03 billion during the quarter, compared to analyst estimates of $3.10 billion. DoorDash had a net margin of 3.02% and a return on equity of 4.39%. DoorDash's quarterly revenue was up 20.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned ($0.06) EPS. As a group, equities analysts anticipate that DoorDash, Inc. will post 2.22 EPS for the current year.

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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