Toth Financial Advisory Corp Increases Stake in DoorDash, Inc. (NASDAQ:DASH)

Toth Financial Advisory Corp increased its stake in DoorDash, Inc. (NASDAQ:DASH - Free Report) by 86.0% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,650 shares of the company's stock after purchasing an additional 2,150 shares during the period. Toth Financial Advisory Corp's holdings in DoorDash were worth $850,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently bought and sold shares of the stock. Norges Bank acquired a new stake in shares of DoorDash during the fourth quarter worth $597,443,000. Capital World Investors raised its stake in DoorDash by 26.4% in the 4th quarter. Capital World Investors now owns 12,153,265 shares of the company's stock worth $2,038,712,000 after acquiring an additional 2,538,160 shares during the last quarter. Arrowstreet Capital Limited Partnership lifted its position in DoorDash by 67.1% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 4,654,891 shares of the company's stock worth $780,858,000 after acquiring an additional 1,869,866 shares during the period. Franklin Resources Inc. grew its stake in DoorDash by 25.0% during the 4th quarter. Franklin Resources Inc. now owns 4,749,810 shares of the company's stock valued at $796,781,000 after purchasing an additional 949,414 shares during the last quarter. Finally, Raymond James Financial Inc. acquired a new position in shares of DoorDash in the fourth quarter valued at about $146,094,000. Hedge funds and other institutional investors own 90.64% of the company's stock.

DoorDash Stock Down 1.2%

Shares of NASDAQ DASH traded down $2.52 during midday trading on Tuesday, hitting $214.97. The stock had a trading volume of 3,915,957 shares, compared to its average volume of 4,204,088. The stock has a 50 day simple moving average of $192.53 and a 200-day simple moving average of $186.84. The company has a market capitalization of $91.09 billion, a PE ratio of 796.19 and a beta of 1.67. DoorDash, Inc. has a 1 year low of $99.32 and a 1 year high of $220.88.

DoorDash (NASDAQ:DASH - Get Free Report) last announced its quarterly earnings data on Tuesday, May 6th. The company reported $0.44 earnings per share for the quarter, beating analysts' consensus estimates of $0.39 by $0.05. DoorDash had a return on equity of 1.67% and a net margin of 1.15%. The company had revenue of $3.03 billion for the quarter, compared to analyst estimates of $3.10 billion. During the same quarter last year, the firm posted ($0.06) EPS. The firm's revenue for the quarter was up 20.7% on a year-over-year basis. As a group, analysts expect that DoorDash, Inc. will post 2.22 earnings per share for the current fiscal year.

Insider Activity

In other news, Director Stanley Tang sold 45,410 shares of the stock in a transaction on Tuesday, April 1st. The stock was sold at an average price of $181.21, for a total transaction of $8,228,746.10. Following the completion of the transaction, the director now directly owns 18,285 shares in the company, valued at approximately $3,313,424.85. This represents a 71.29% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, General Counsel Tia Sherringham sold 7,546 shares of the business's stock in a transaction that occurred on Friday, May 23rd. The shares were sold at an average price of $204.56, for a total transaction of $1,543,609.76. Following the completion of the sale, the general counsel now directly owns 129,514 shares in the company, valued at $26,493,383.84. This trade represents a 5.51% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 298,030 shares of company stock worth $59,433,406 over the last ninety days. Corporate insiders own 5.83% of the company's stock.

Analysts Set New Price Targets

DASH has been the subject of a number of research reports. Truist Financial lifted their target price on DoorDash from $217.00 to $235.00 and gave the stock a "buy" rating in a report on Wednesday, February 12th. JPMorgan Chase & Co. decreased their price objective on shares of DoorDash from $205.00 to $175.00 and set a "neutral" rating for the company in a research note on Tuesday, April 8th. Bank of America dropped their price objective on shares of DoorDash from $245.00 to $235.00 and set a "buy" rating on the stock in a report on Monday, April 7th. Loop Capital raised their target price on shares of DoorDash from $200.00 to $235.00 and gave the stock a "buy" rating in a report on Monday, February 24th. Finally, Benchmark upped their price target on shares of DoorDash from $220.00 to $225.00 and gave the company a "buy" rating in a report on Wednesday, May 7th. Ten research analysts have rated the stock with a hold rating and twenty-five have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $209.97.

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.