Western Financial Corp CA Grows Position in DoorDash, Inc. (NASDAQ:DASH)

Western Financial Corp CA increased its position in shares of DoorDash, Inc. (NASDAQ:DASH - Free Report) by 20.7% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 9,733 shares of the company's stock after purchasing an additional 1,666 shares during the period. DoorDash makes up 1.0% of Western Financial Corp CA's portfolio, making the stock its 22nd largest holding. Western Financial Corp CA's holdings in DoorDash were worth $1,779,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. IFP Advisors Inc increased its stake in DoorDash by 31.8% in the fourth quarter. IFP Advisors Inc now owns 224 shares of the company's stock worth $37,000 after purchasing an additional 54 shares during the period. ORG Partners LLC lifted its stake in shares of DoorDash by 404.0% during the 1st quarter. ORG Partners LLC now owns 252 shares of the company's stock worth $46,000 after purchasing an additional 202 shares during the last quarter. Rothschild Investment LLC boosted its position in DoorDash by 1,452.9% during the first quarter. Rothschild Investment LLC now owns 264 shares of the company's stock valued at $48,000 after purchasing an additional 247 shares in the last quarter. Mizuho Securities Co. Ltd. boosted its position in DoorDash by 150.0% during the first quarter. Mizuho Securities Co. Ltd. now owns 300 shares of the company's stock valued at $55,000 after purchasing an additional 180 shares in the last quarter. Finally, Larson Financial Group LLC grew its stake in DoorDash by 695.6% in the fourth quarter. Larson Financial Group LLC now owns 358 shares of the company's stock valued at $60,000 after purchasing an additional 313 shares during the last quarter. 90.64% of the stock is currently owned by institutional investors.

DoorDash Price Performance

DASH stock traded up $6.96 during mid-day trading on Thursday, reaching $239.64. 3,200,901 shares of the company's stock were exchanged, compared to its average volume of 4,222,399. DoorDash, Inc. has a 12-month low of $99.32 and a 12-month high of $240.01. The stock's 50 day moving average is $203.65 and its 200 day moving average is $190.41. The company has a market cap of $101.55 billion, a price-to-earnings ratio of 311.22 and a beta of 1.67.

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

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on DASH. Bank of America raised their price target on shares of DoorDash from $230.00 to $245.00 and gave the company a "buy" rating in a report on Thursday, June 12th. Royal Bank Of Canada restated an "outperform" rating and issued a $230.00 target price on shares of DoorDash in a research note on Wednesday, May 7th. DA Davidson lifted their price target on shares of DoorDash from $150.00 to $190.00 and gave the stock a "neutral" rating in a report on Tuesday, May 6th. Morgan Stanley decreased their price objective on DoorDash from $245.00 to $210.00 and set an "overweight" rating for the company in a report on Thursday, April 17th. Finally, JMP Securities raised their price objective on DoorDash from $225.00 to $235.00 and gave the stock a "market outperform" rating in a research report on Thursday, June 12th. Eleven investment analysts have rated the stock with a hold rating, twenty-four have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $214.76.

Insider Buying and Selling at DoorDash

In related news, insider Keith Yandell sold 5,410 shares of the company's stock in a transaction dated Friday, May 23rd. The shares were sold at an average price of $204.53, for a total transaction of $1,106,507.30. Following the completion of the transaction, the insider now owns 104,922 shares in the company, valued at $21,459,696.66. This represents a 4.90% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Prabir Adarkar sold 20,000 shares of DoorDash stock in a transaction dated Friday, March 28th. The stock was sold at an average price of $185.58, for a total value of $3,711,600.00. Following the completion of the sale, the chief operating officer now owns 887,348 shares in the company, valued at approximately $164,674,041.84. The trade was a 2.20% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 333,552 shares of company stock valued at $67,677,166 over the last ninety days. Corporate insiders own 5.83% of the company's stock.

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.