Poinciana Advisors Group LLC Acquires Shares of 1,531 DoorDash, Inc. (NASDAQ:DASH)

Poinciana Advisors Group LLC acquired a new position 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 and Exchange Commission. The firm acquired 1,531 shares of the company's stock, valued at approximately $280,000.

Several other large investors also recently modified their holdings of DASH. ORG Partners LLC lifted its stake in DoorDash by 404.0% during the 1st quarter. ORG Partners LLC now owns 252 shares of the company's stock valued at $46,000 after acquiring an additional 202 shares in the last quarter. Rothschild Investment LLC lifted its stake in DoorDash by 1,452.9% during the 1st quarter. Rothschild Investment LLC now owns 264 shares of the company's stock valued at $48,000 after acquiring an additional 247 shares in the last quarter. Mizuho Securities Co. Ltd. lifted its stake in DoorDash by 150.0% during the 1st quarter. Mizuho Securities Co. Ltd. now owns 300 shares of the company's stock valued at $55,000 after acquiring an additional 180 shares in the last quarter. Washington Trust Advisors Inc. bought a new position in DoorDash during the 1st quarter valued at $56,000. Finally, Larson Financial Group LLC lifted its stake in DoorDash by 695.6% during the 4th quarter. Larson Financial Group LLC now owns 358 shares of the company's stock valued at $60,000 after acquiring an additional 313 shares in the last quarter. Institutional investors and hedge funds own 90.64% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have weighed in on the company. Stifel Nicolaus set a $198.00 price objective on DoorDash and gave the company a "hold" rating in a research note on Tuesday, June 10th. Oppenheimer lifted their target price on DoorDash from $220.00 to $280.00 and gave the stock an "outperform" rating in a research note on Monday, June 30th. Wells Fargo & Company lifted their target price on DoorDash from $198.00 to $239.00 and gave the stock an "equal weight" rating in a research note on Monday, July 7th. Cantor Fitzgerald reiterated an "overweight" rating and set a $260.00 target price (up from $210.00) on shares of DoorDash in a research note on Wednesday, June 25th. Finally, DA Davidson lifted their target price on DoorDash from $150.00 to $190.00 and gave the stock a "neutral" rating in a research note on Tuesday, May 6th. Ten analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $220.53.

Insider Buying and Selling

In related news, Director Andy Fang sold 30,000 shares of the business's stock in a transaction that occurred on Tuesday, July 1st. The stock was sold at an average price of $240.66, for a total value of $7,219,800.00. Following the completion of the sale, the director owned 22,545 shares in the company, valued at $5,425,679.70. The trade was a 57.09% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Ravi Inukonda sold 20,000 shares of the business's stock in a transaction that occurred on Monday, June 30th. The stock was sold at an average price of $247.00, for a total value of $4,940,000.00. Following the completion of the sale, the chief financial officer owned 245,530 shares of the company's stock, valued at $60,645,910. The trade was a 7.53% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 429,031 shares of company stock worth $94,584,086 over the last ninety days. Corporate insiders own 5.83% of the company's stock.

DoorDash Trading Up 0.9%

Shares of DASH traded up $2.20 during trading hours on Friday, reaching $240.44. 2,842,802 shares of the company's stock traded hands, compared to its average volume of 4,234,659. The stock has a market cap of $101.88 billion, a PE ratio of 312.26 and a beta of 1.70. The firm's 50 day simple moving average is $216.76 and its 200-day simple moving average is $196.04. DoorDash, Inc. has a 12 month low of $99.32 and a 12 month high of $248.74.

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

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.