Retireful LLC Sells 7,763 Shares of DoorDash, Inc. (NASDAQ:DASH)

Retireful LLC reduced its position in shares of DoorDash, Inc. (NASDAQ:DASH - Free Report) by 80.7% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,858 shares of the company's stock after selling 7,763 shares during the period. Retireful LLC's holdings in DoorDash were worth $339,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Pittenger & Anderson Inc. acquired a new position in shares of DoorDash in the fourth quarter worth approximately $29,000. Denver PWM LLC acquired a new position in shares of DoorDash during the fourth quarter worth approximately $30,000. IFP Advisors Inc grew its holdings in DoorDash by 31.8% during the fourth quarter. IFP Advisors Inc now owns 224 shares of the company's stock worth $37,000 after buying an additional 54 shares in the last quarter. Rothschild Investment LLC grew its holdings 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 in the last quarter. Finally, Newbridge Financial Services Group Inc. bought a new stake in DoorDash during the fourth quarter worth $59,000. 90.64% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages have issued reports on DASH. Benchmark upped their price objective on DoorDash from $220.00 to $225.00 and gave the company a "buy" rating in a research note on Wednesday, May 7th. Roth Mkm upped their price objective on DoorDash from $165.00 to $193.00 and gave the company a "neutral" rating in a research note on Wednesday, February 12th. Oppenheimer restated a "hold" rating on shares of DoorDash in a research note on Monday, March 10th. Wall Street Zen downgraded DoorDash from a "buy" rating to a "hold" rating in a research note on Friday, May 30th. Finally, Wedbush restated an "outperform" rating on shares of DoorDash in a research note on Wednesday, May 7th. Eleven investment analysts have rated the stock with a hold rating and twenty-four have issued a buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $209.97.

DoorDash Stock Down 2.0%

Shares of DoorDash stock traded down $4.39 during trading on Thursday, hitting $215.84. 3,646,075 shares of the stock traded hands, compared to its average volume of 4,212,405. The stock has a market cap of $91.46 billion, a price-to-earnings ratio of 799.41 and a beta of 1.67. The firm's fifty day moving average is $191.24 and its 200-day moving average is $186.08. DoorDash, Inc. has a 52 week low of $99.32 and a 52 week high of $221.56.

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 business had revenue of $3.03 billion for the quarter, compared to analysts' expectations of $3.10 billion. DoorDash had a return on equity of 1.67% and a net margin of 1.15%. The business's quarterly revenue was up 20.7% on a year-over-year basis. During the same period in the previous year, the firm earned ($0.06) EPS. On average, analysts forecast that DoorDash, Inc. will post 2.22 earnings per share for the current fiscal year.

Insider Transactions at DoorDash

In other DoorDash news, COO Prabir Adarkar sold 62,267 shares of DoorDash stock in a transaction on Friday, May 23rd. The stock was sold at an average price of $202.67, for a total transaction of $12,619,652.89. Following the completion of the transaction, the chief operating officer now owns 942,554 shares in the company, valued at approximately $191,027,419.18. The trade was a 6.20% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Ravi Inukonda sold 1,425 shares of DoorDash stock in a transaction on Friday, April 25th. The shares were sold at an average price of $187.22, for a total value of $266,788.50. Following the transaction, the chief financial officer now owns 337,430 shares of the company's stock, valued at $63,173,644.60. The trade was a 0.42% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 267,967 shares of company stock worth $52,894,360. 5.83% of the stock is currently owned by insiders.

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.