1,628 Shares in DoorDash, Inc. (NASDAQ:DASH) Purchased by SYM FINANCIAL Corp

SYM FINANCIAL Corp bought a new position in shares of DoorDash, Inc. (NASDAQ:DASH - Free Report) during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor bought 1,628 shares of the company's stock, valued at approximately $298,000.

Several other large investors have also recently added to or reduced their stakes in DASH. Brighton Jones LLC grew 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 acquiring an additional 1,807 shares in the last quarter. Flagship Harbor Advisors LLC boosted its holdings in shares of DoorDash by 14.4% in the 1st quarter. Flagship Harbor Advisors LLC now owns 1,636 shares of the company's stock valued at $299,000 after buying an additional 206 shares in the last quarter. GAMMA Investing LLC boosted its holdings in shares of DoorDash by 70.4% in the 1st quarter. GAMMA Investing LLC now owns 1,922 shares of the company's stock valued at $351,000 after buying an additional 794 shares in the last quarter. Commonwealth Equity Services LLC boosted its holdings in shares of DoorDash by 43.0% in the 4th quarter. Commonwealth Equity Services LLC now owns 10,026 shares of the company's stock valued at $1,682,000 after buying an additional 3,013 shares in the last quarter. Finally, Park Avenue Securities LLC boosted its holdings in shares of DoorDash by 9.3% in the 1st quarter. Park Avenue Securities LLC now owns 10,017 shares of the company's stock valued at $1,831,000 after buying an additional 850 shares in the last quarter. 90.64% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the stock. BTIG Research upped their target price on shares of DoorDash from $225.00 to $265.00 and gave the company a "buy" rating in a report on Tuesday, July 1st. FBN Securities assumed coverage on shares of DoorDash in a report on Friday, March 28th. They issued an "outperform" rating and a $230.00 target price for the company. Cantor Fitzgerald reiterated an "overweight" rating and set a $260.00 price target (up previously from $210.00) on shares of DoorDash in a research note on Wednesday, June 25th. JMP Securities increased their price target on shares of DoorDash from $235.00 to $250.00 and gave the stock a "market outperform" rating in a research note on Tuesday, July 15th. Finally, Loop Capital reiterated a "buy" rating on shares of DoorDash in a research note on Tuesday, July 15th. Twelve analysts have rated the stock with a hold rating, twenty-four have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, DoorDash presently has a consensus rating of "Moderate Buy" and an average target price of $230.34.

Insider Activity at DoorDash

In other news, CFO Ravi Inukonda sold 20,000 shares of the company's stock in a transaction on Monday, June 30th. The shares were sold at an average price of $247.00, for a total value of $4,940,000.00. Following the completion of the transaction, the chief financial officer directly owned 245,530 shares in the company, valued at approximately $60,645,910. This represents a 7.53% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Shona L. Brown sold 1,250 shares of the company's stock in a transaction on Wednesday, July 9th. The shares were sold at an average price of $244.99, for a total transaction of $306,237.50. Following the completion of the transaction, the director owned 44,302 shares of the company's stock, valued at $10,853,546.98. This trade represents a 2.74% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 443,198 shares of company stock valued at $98,977,831 over the last quarter. Company insiders own 5.83% of the company's stock.

DoorDash Stock Performance

DoorDash stock traded up $3.13 during trading on Thursday, reaching $243.69. The company had a trading volume of 1,916,742 shares, compared to its average volume of 3,469,533. DoorDash, Inc. has a 12-month low of $99.32 and a 12-month high of $248.74. The stock's 50 day moving average price is $225.34 and its two-hundred day moving average price is $200.29. The firm has a market capitalization of $103.26 billion, a price-to-earnings ratio of 316.48 and a beta of 1.70.

DoorDash (NASDAQ:DASH - Get Free Report) last released 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 net margin of 3.02% and a return on equity of 4.39%. The company had revenue of $3.03 billion during the quarter, compared to the consensus estimate of $3.10 billion. During the same period in the previous year, the firm earned ($0.06) earnings per share. DoorDash's revenue for the quarter was up 20.7% on a year-over-year basis. As a group, research analysts expect that DoorDash, Inc. will post 2.22 earnings per share 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.