OMNI 360 Wealth Inc. Makes New Investment in DoorDash, Inc. (NASDAQ:DASH)

OMNI 360 Wealth Inc. bought a new position in DoorDash, Inc. (NASDAQ:DASH - Free Report) during the first quarter, according to its most recent Form 13F filing with the SEC. The firm bought 1,427 shares of the company's stock, valued at approximately $261,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Valeo Financial Advisors LLC boosted its holdings in shares of DoorDash by 9.4% during the 1st quarter. Valeo Financial Advisors LLC now owns 1,552 shares of the company's stock worth $284,000 after purchasing an additional 133 shares during the last quarter. Stratos Wealth Partners LTD. acquired a new stake in shares of DoorDash in the 1st quarter worth $278,000. Brown Advisory Inc. increased its stake in shares of DoorDash by 17.8% in the 1st quarter. Brown Advisory Inc. now owns 51,532 shares of the company's stock worth $9,419,000 after acquiring an additional 7,799 shares during the last quarter. China Universal Asset Management Co. Ltd. increased its stake in shares of DoorDash by 21.4% in the 1st quarter. China Universal Asset Management Co. Ltd. now owns 20,943 shares of the company's stock worth $3,828,000 after acquiring an additional 3,694 shares during the last quarter. Finally, Interchange Capital Partners LLC acquired a new position in DoorDash in the first quarter valued at approximately $343,000. 90.64% of the stock is currently owned by institutional investors and hedge funds.

DoorDash Trading Down 2.2%

DASH stock traded down $5.42 during midday trading on Tuesday, reaching $241.47. The company had a trading volume of 2,887,871 shares, compared to its average volume of 4,244,174. DoorDash, Inc. has a 1 year low of $99.32 and a 1 year high of $249.04. The company has a market capitalization of $102.32 billion, a P/E ratio of 313.60 and a beta of 1.70. The company has a 50 day moving average of $213.14 and a two-hundred day moving average of $194.42.

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

Insider Transactions at DoorDash

In related news, Director Stanley Tang sold 45,410 shares of the firm'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 trade represents a 63.53% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, COO Prabir Adarkar sold 30,000 shares of the business's stock in a transaction that occurred on Friday, June 27th. The stock was sold at an average price of $240.47, for a total value of $7,214,100.00. Following the completion of the sale, the chief operating officer owned 942,554 shares of the company's stock, valued at approximately $226,655,960.38. This trade represents a 3.08% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 427,781 shares of company stock valued at $94,277,848 in the last three months. 5.83% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

DASH has been the topic of several recent analyst reports. Royal Bank Of Canada restated an "outperform" rating and issued a $230.00 price objective on shares of DoorDash in a report on Wednesday, May 7th. JPMorgan Chase & Co. cut their target price on DoorDash from $205.00 to $175.00 and set a "neutral" rating on the stock in a research report on Tuesday, April 8th. Benchmark raised their price target on DoorDash from $220.00 to $225.00 and gave the stock a "buy" rating in a research report on Wednesday, May 7th. Morgan Stanley cut their price objective on DoorDash from $245.00 to $210.00 and set an "overweight" rating on the stock in a report on Thursday, April 17th. Finally, BMO Capital Markets restated an "outperform" rating on shares of DoorDash in a report on Tuesday, April 29th. Ten research analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $220.53.

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.