Oppenheimer Asset Management Inc. Has $539,000 Position in DoorDash, Inc. (NASDAQ:DASH)

Oppenheimer Asset Management Inc. cut its stake in DoorDash, Inc. (NASDAQ:DASH - Free Report) by 52.0% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,947 shares of the company's stock after selling 3,193 shares during the period. Oppenheimer Asset Management Inc.'s holdings in DoorDash were worth $539,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. IFP Advisors Inc grew its position 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. 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 worth $46,000 after purchasing an additional 202 shares during the last quarter. Rothschild Investment LLC lifted its stake 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 purchasing an additional 247 shares during the last quarter. Mizuho Securities Co. Ltd. boosted its holdings in DoorDash by 150.0% in the first quarter. Mizuho Securities Co. Ltd. now owns 300 shares of the company's stock worth $55,000 after purchasing an additional 180 shares during the period. Finally, Larson Financial Group LLC increased its stake in DoorDash by 695.6% during the fourth quarter. Larson Financial Group LLC now owns 358 shares of the company's stock valued at $60,000 after purchasing an additional 313 shares during the last quarter. 90.64% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, Director Stanley Tang sold 45,231 shares of the company's stock in a transaction on Monday, June 2nd. The stock was sold at an average price of $211.36, for a total transaction of $9,560,024.16. Following the completion of the sale, the director directly owned 26,070 shares of the company's stock, valued at $5,510,155.20. This represents a 63.44% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Andy Fang sold 30,000 shares of DoorDash stock in a transaction dated Thursday, June 5th. The stock was 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 in the company, valued at $4,903,988.40. This represents a 57.09% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 268,142 shares of company stock worth $55,736,820. Corporate insiders own 5.83% of the company's stock.

DoorDash Trading Down 1.7%

Shares of NASDAQ DASH traded down $4.27 during midday trading on Tuesday, reaching $242.24. The company's stock had a trading volume of 829,586 shares, compared to its average volume of 4,217,851. DoorDash, Inc. has a one year low of $99.32 and a one year high of $248.68. The company has a market cap of $102.65 billion, a price-to-earnings ratio of 314.41 and a beta of 1.67. The company has a 50 day moving average price of $207.54 and a 200 day moving average price of $192.03.

DoorDash (NASDAQ:DASH - Get Free Report) last posted its quarterly earnings results 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. DoorDash had a return on equity of 4.39% and a net margin of 3.02%. The company had revenue of $3.03 billion for the quarter, compared to analysts' expectations of $3.10 billion. During the same quarter in the prior year, the company earned ($0.06) earnings per share. The firm's revenue was up 20.7% on a year-over-year basis. Research analysts anticipate that DoorDash, Inc. will post 2.22 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

DASH has been the subject of several research reports. Wells Fargo & Company decreased their price target on shares of DoorDash from $201.00 to $198.00 and set an "equal weight" rating for the company in a report on Wednesday, May 7th. DA Davidson raised their target price on shares of DoorDash from $150.00 to $190.00 and gave the stock a "neutral" rating in a report on Tuesday, May 6th. BMO Capital Markets reaffirmed an "outperform" rating on shares of DoorDash in a report on Tuesday, April 29th. Citigroup reissued an "outperform" rating on shares of DoorDash in a report on Thursday, June 12th. Finally, JMP Securities boosted their price objective on DoorDash from $225.00 to $235.00 and gave the company a "market outperform" rating in a research report on Thursday, June 12th. Ten investment analysts have rated the stock with a hold rating, twenty-five have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, DoorDash presently has an average rating of "Moderate Buy" and a consensus target price of $219.32.

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.