Poinciana Advisors Group LLC Invests $280,000 in DoorDash, Inc. (NASDAQ:DASH)

Poinciana Advisors Group LLC bought a new stake in DoorDash, Inc. (NASDAQ:DASH - Free Report) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 1,531 shares of the company's stock, valued at approximately $280,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. ORG Partners LLC raised its holdings 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 in the last quarter. Rothschild Investment LLC boosted its position 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 in the last quarter. Mizuho Securities Co. Ltd. grew its stake in DoorDash by 150.0% in 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 during the last quarter. Washington Trust Advisors Inc. purchased a new position in shares of DoorDash during the 1st quarter worth approximately $56,000. Finally, Larson Financial Group LLC raised its holdings in shares of 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 acquiring an additional 313 shares during the last quarter. Hedge funds and other institutional investors own 90.64% of the company's stock.

Insider Buying and Selling

In other DoorDash news, CEO Tony Xu sold 44,244 shares of DoorDash stock in a transaction on Monday, June 16th. The shares were sold at an average price of $220.71, for a total value of $9,765,093.24. Following the sale, the chief executive officer directly owned 520,450 shares in the company, valued at approximately $114,868,519.50. The trade was a 7.84% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Stanley Tang sold 45,410 shares of the business's stock in a transaction dated 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 completion of the sale, the director owned 26,070 shares in the company, valued at $6,274,788.30. This represents a 63.53% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 427,781 shares of company stock valued at $94,277,848 in the last 90 days. 5.83% of the stock is owned by insiders.

Analyst Ratings Changes

Several research firms recently weighed in on DASH. Stifel Nicolaus set a $198.00 target price on DoorDash and gave the stock a "hold" rating in a research report on Tuesday, June 10th. Citigroup reissued an "outperform" rating on shares of DoorDash in a research report on Thursday, June 12th. BMO Capital Markets reissued an "outperform" rating on shares of DoorDash in a research report on Tuesday, April 29th. DA Davidson raised 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. Finally, UBS Group decreased their price target on DoorDash from $197.00 to $196.00 and set a "neutral" rating for the company in a research note on Wednesday, May 7th. Ten analysts have rated the stock with a hold rating, twenty-five have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $220.53.

DoorDash Trading Down 3.2%

Shares of DASH stock traded down $7.82 during trading hours on Thursday, reaching $238.24. The company's stock had a trading volume of 3,252,467 shares, compared to its average volume of 4,234,481. The stock has a market capitalization of $100.95 billion, a P/E ratio of 319.56 and a beta of 1.70. The firm's fifty day simple moving average is $215.21 and its 200 day simple moving average is $195.10. DoorDash, Inc. has a one year low of $99.32 and a one year high of $248.74.

DoorDash (NASDAQ:DASH - Get Free Report) last announced its quarterly earnings data 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. DoorDash had a return on equity of 4.39% and a net margin of 3.02%. The business had revenue of $3.03 billion during the quarter, compared to analysts' expectations of $3.10 billion. During the same quarter in the previous year, the business earned ($0.06) earnings per share. The firm's quarterly revenue was up 20.7% compared to the same quarter last year. As a group, equities research analysts forecast that DoorDash, Inc. will post 2.22 earnings per share for the current fiscal 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.