RFG Advisory LLC Grows Stock Holdings in DoorDash, Inc. (NASDAQ:DASH)

RFG Advisory LLC increased its position in shares of DoorDash, Inc. (NASDAQ:DASH - Free Report) by 45.4% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,913 shares of the company's stock after purchasing an additional 2,159 shares during the period. RFG Advisory LLC's holdings in DoorDash were worth $1,263,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the business. Brighton Jones LLC lifted its holdings in DoorDash by 24.0% during the 4th quarter. Brighton Jones LLC now owns 9,336 shares of the company's stock worth $1,566,000 after buying an additional 1,807 shares during the last quarter. Principal Financial Group Inc. raised its position in shares of DoorDash by 2.9% during the 4th quarter. Principal Financial Group Inc. now owns 93,382 shares of the company's stock worth $15,665,000 after acquiring an additional 2,596 shares in the last quarter. Jones Financial Companies Lllp lifted its stake in DoorDash by 36.2% during the fourth quarter. Jones Financial Companies Lllp now owns 1,926 shares of the company's stock worth $323,000 after purchasing an additional 512 shares during the last quarter. Truist Financial Corp boosted its holdings in DoorDash by 35.1% in the fourth quarter. Truist Financial Corp now owns 8,597 shares of the company's stock valued at $1,442,000 after purchasing an additional 2,233 shares in the last quarter. Finally, Allworth Financial LP boosted its holdings in DoorDash by 26.9% in the fourth quarter. Allworth Financial LP now owns 840 shares of the company's stock valued at $149,000 after purchasing an additional 178 shares in the last quarter. Hedge funds and other institutional investors own 90.64% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the stock. KeyCorp cut their price objective on shares of DoorDash from $240.00 to $230.00 and set an "overweight" rating on the stock in a report on Tuesday, April 15th. Bank of America cut their price target on shares of DoorDash from $245.00 to $235.00 and set a "buy" rating on the stock in a research note on Monday, April 7th. Truist Financial upped their price objective on shares of DoorDash from $217.00 to $235.00 and gave the company a "buy" rating in a research note on Wednesday, February 12th. Loop Capital raised their price objective on DoorDash from $200.00 to $235.00 and gave the stock a "buy" rating in a report on Monday, February 24th. Finally, Wall Street Zen downgraded DoorDash from a "buy" rating to a "hold" rating in a report on Friday, May 30th. Eleven analysts have rated the stock with a hold rating and twenty-four have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $209.97.

DoorDash Trading Down 2.0%

Shares of DASH opened at $215.84 on Friday. The stock's 50 day moving average is $191.24 and its two-hundred day moving average is $186.08. DoorDash, Inc. has a twelve month low of $99.32 and a twelve month high of $220.64. The firm has a market capitalization of $91.46 billion, a PE ratio of 799.41 and a beta of 1.67.

DoorDash (NASDAQ:DASH - Get Free Report) last posted its quarterly earnings results on Tuesday, May 6th. The company reported $0.44 EPS for the quarter, beating the consensus estimate of $0.39 by $0.05. DoorDash had a return on equity of 1.67% and a net margin of 1.15%. The business had revenue of $3.03 billion during the quarter, compared to analysts' expectations of $3.10 billion. During the same period last year, the firm earned ($0.06) EPS. The company's quarterly revenue was up 20.7% compared to the same quarter last year. On average, sell-side analysts predict that DoorDash, Inc. will post 2.22 EPS for the current year.

Insiders Place Their Bets

In related news, CFO Ravi Inukonda sold 14,715 shares of the business's stock in a transaction dated Monday, March 24th. The shares were sold at an average price of $196.52, for a total transaction of $2,891,791.80. Following the sale, the chief financial officer now owns 338,055 shares of the company's stock, valued at approximately $66,434,568.60. The trade was a 4.17% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Keith Yandell sold 5,410 shares of the company's stock in a transaction dated Friday, May 23rd. The stock was sold at an average price of $204.53, for a total transaction of $1,106,507.30. Following the transaction, the insider now owns 104,922 shares in the company, valued at $21,459,696.66. The trade was a 4.90% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 268,030 shares of company stock worth $52,907,806. 5.83% of the stock is owned by corporate insiders.

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.

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