Private Advisory Group LLC Purchases 3,229 Shares of DoorDash, Inc. (NASDAQ:DASH)

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Private Advisory Group LLC increased its position in shares of DoorDash, Inc. (NASDAQ:DASH - Free Report) by 58.2% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,781 shares of the company's stock after acquiring an additional 3,229 shares during the period. Private Advisory Group LLC's holdings in DoorDash were worth $1,605,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of DASH. ORG Partners LLC increased its position 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 buying an additional 202 shares during the last quarter. Rothschild Investment LLC increased 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 buying an additional 247 shares during the last quarter. Mizuho Securities Co. Ltd. increased its position 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 during the last quarter. Washington Trust Advisors Inc. acquired a new position in DoorDash during the first quarter worth $56,000. Finally, Cromwell Holdings LLC acquired a new position in DoorDash during the first quarter worth $58,000. 90.64% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at DoorDash

In other news, Director Stanley Tang sold 45,410 shares of DoorDash stock in a transaction that occurred on Tuesday, July 1st. The shares were sold at an average price of $240.69, for a total value of $10,929,732.90. Following the completion of the transaction, the director owned 26,070 shares in the company, valued at approximately $6,274,788.30. The trade was a 63.53% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, 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 transaction of $6,525,600.00. Following the completion of the transaction, the director owned 22,545 shares of the company's stock, valued at $4,903,988.40. This trade represents a 57.09% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 508,127 shares of company stock worth $115,087,539 in the last three months. 5.83% of the stock is currently owned by company insiders.

DoorDash Stock Down 0.8%

DASH traded down $1.90 during midday trading on Friday, reaching $248.35. 2,945,040 shares of the company's stock were exchanged, compared to its average volume of 2,699,196. The firm has a market capitalization of $105.24 billion, a price-to-earnings ratio of 322.54 and a beta of 1.70. DoorDash, Inc. has a one year low of $106.21 and a one year high of $252.87. The business has a 50-day simple moving average of $230.64 and a two-hundred day simple moving average of $203.47.

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

Wall Street Analyst Weigh In

Several research firms have commented on DASH. Jefferies Financial Group reissued a "hold" rating and set a $250.00 target price (up from $235.00) on shares of DoorDash in a research report on Tuesday, July 15th. DA Davidson increased their target price 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. Morgan Stanley reissued an "overweight" rating and set a $275.00 target price (up from $220.00) on shares of DoorDash in a research report on Monday, July 21st. Wall Street Zen raised shares of DoorDash from a "hold" rating to a "buy" rating in a research report on Saturday, July 26th. Finally, Raymond James Financial raised their price target on DoorDash from $260.00 to $275.00 and gave the company a "strong-buy" rating in a research report on Monday, July 21st. Eleven research analysts have rated the stock with a hold rating, twenty-four have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, DoorDash currently has an average rating of "Moderate Buy" and an average target price of $235.56.

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.