1,523 Shares in DoorDash, Inc. (NASDAQ:DASH) Bought by Stratos Wealth Partners LTD.

Stratos Wealth Partners LTD. purchased a new position in DoorDash, Inc. (NASDAQ:DASH - Free Report) in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 1,523 shares of the company's stock, valued at approximately $278,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Brighton Jones LLC lifted its position in shares of DoorDash by 24.0% in the fourth 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. Flagship Harbor Advisors LLC increased its stake in shares of DoorDash by 14.4% in the first quarter. Flagship Harbor Advisors LLC now owns 1,636 shares of the company's stock worth $299,000 after purchasing an additional 206 shares during the period. GAMMA Investing LLC increased its stake in shares of DoorDash by 70.4% in the first quarter. GAMMA Investing LLC now owns 1,922 shares of the company's stock worth $351,000 after purchasing an additional 794 shares during the period. Commonwealth Equity Services LLC increased its stake in shares of DoorDash by 43.0% in the fourth quarter. Commonwealth Equity Services LLC now owns 10,026 shares of the company's stock worth $1,682,000 after purchasing an additional 3,013 shares during the period. Finally, Park Avenue Securities LLC increased its stake in shares of DoorDash by 9.3% in the first quarter. Park Avenue Securities LLC now owns 10,017 shares of the company's stock worth $1,831,000 after purchasing an additional 850 shares during the period. Institutional investors and hedge funds own 90.64% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms have recently commented on DASH. Oppenheimer lifted their price objective on DoorDash from $220.00 to $280.00 and gave the stock an "outperform" rating in a research note on Monday, June 30th. BTIG Research lifted their price objective on DoorDash from $225.00 to $265.00 and gave the stock a "buy" rating in a research note on Tuesday, July 1st. FBN Securities began coverage on DoorDash in a research note on Friday, March 28th. They issued an "outperform" rating and a $230.00 price objective on the stock. Morgan Stanley dropped their price objective on DoorDash from $245.00 to $210.00 and set an "overweight" rating on the stock in a research note on Thursday, April 17th. Finally, Stifel Nicolaus set a $198.00 price objective on DoorDash and gave the stock a "hold" rating in a research note on Tuesday, June 10th. Eleven research analysts have rated the stock with a hold rating, twenty-four have given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, DoorDash has an average rating of "Moderate Buy" and an average target price of $226.97.

Insider Buying and Selling

In other news, Director Andy Fang sold 30,000 shares of the stock in a transaction on Thursday, June 5th. The stock was sold at an average price of $217.52, for a total value of $6,525,600.00. Following the transaction, the director owned 22,545 shares of the company's stock, valued at $4,903,988.40. This represents a 57.09% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Tony Xu sold 44,244 shares of the 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 completion of the transaction, the chief executive officer directly owned 520,450 shares in the company, valued at approximately $114,868,519.50. This trade represents a 7.84% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 463,198 shares of company stock worth $102,674,831. Company insiders own 5.83% of the company's stock.

DoorDash Price Performance

Shares of DASH traded up $4.15 on Friday, hitting $239.17. The company's stock had a trading volume of 3,407,442 shares, compared to its average volume of 4,207,624. The company has a 50 day moving average price of $221.73 and a 200 day moving average price of $198.38. DoorDash, Inc. has a fifty-two week low of $99.32 and a fifty-two week high of $248.74. The company has a market capitalization of $101.35 billion, a PE ratio of 310.61 and a beta of 1.70.

DoorDash (NASDAQ:DASH - Get Free Report) last posted its quarterly earnings data on Tuesday, May 6th. The company reported $0.44 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.39 by $0.05. DoorDash had a return on equity of 4.39% and a net margin of 3.02%. The firm had revenue of $3.03 billion for the quarter, compared to the consensus estimate of $3.10 billion. During the same quarter in the prior year, the business earned ($0.06) EPS. The business's revenue for the quarter was up 20.7% compared to the same quarter last year. On average, equities analysts forecast that DoorDash, Inc. will post 2.22 EPS for the current 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.