Integrated Wealth Concepts LLC Purchases New Position in DoorDash, Inc. (NASDAQ:DASH)

Integrated Wealth Concepts LLC purchased a new position in shares of DoorDash, Inc. (NASDAQ:DASH - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 1,412 shares of the company's stock, valued at approximately $237,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in DASH. Pittenger & Anderson Inc. acquired a new stake in shares of DoorDash in the fourth quarter valued at approximately $29,000. Denver PWM LLC purchased a new position in shares of DoorDash during the 4th quarter worth $30,000. Princeton Global Asset Management LLC acquired a new position in shares of DoorDash during the 4th quarter valued at about $34,000. ORG Wealth Partners LLC purchased a new stake in shares of DoorDash in the fourth quarter valued at about $36,000. Finally, IFP Advisors Inc increased its position in DoorDash by 31.8% during 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 last quarter. Hedge funds and other institutional investors own 90.64% of the company's stock.

Analyst Upgrades and Downgrades

DASH has been the subject of a number of recent analyst reports. Wedbush restated an "outperform" rating on shares of DoorDash in a report on Wednesday. FBN Securities assumed coverage on DoorDash in a research report on Friday, March 28th. They issued an "outperform" rating and a $230.00 target price on the stock. DA Davidson increased their price target on DoorDash from $150.00 to $190.00 and gave the stock a "neutral" rating in a report on Tuesday. Cantor Fitzgerald reissued an "overweight" rating and issued a $210.00 price target on shares of DoorDash in a research note on Wednesday. Finally, Needham & Company LLC increased their target price on DoorDash from $225.00 to $230.00 and gave the stock a "buy" rating in a research note on Wednesday. Ten research analysts have rated the stock with a hold rating and twenty-four have issued a buy rating to the company's stock. According to data from MarketBeat, DoorDash has a consensus rating of "Moderate Buy" and an average price target of $209.97.

Insider Buying and Selling at DoorDash

In related news, insider Keith Yandell sold 8,116 shares of the stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $203.45, for a total value of $1,651,200.20. Following the sale, the insider now directly owns 105,162 shares of the company's stock, valued at approximately $21,395,208.90. This represents a 7.16 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Andy Fang sold 1,398 shares of DoorDash stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $203.45, for a total value of $284,423.10. Following the sale, the director now owns 14,778 shares of the company's stock, valued at approximately $3,006,584.10. This represents a 8.64 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 158,573 shares of company stock valued at $30,407,073. 7.92% of the stock is owned by corporate insiders.

DoorDash Stock Up 3.6 %

DASH traded up $6.37 on Thursday, hitting $183.36. 4,158,048 shares of the company traded hands, compared to its average volume of 4,181,903. The company has a 50 day moving average of $184.81 and a 200-day moving average of $180.42. DoorDash, Inc. has a 12-month low of $99.32 and a 12-month high of $215.25. The stock has a market capitalization of $77.03 billion, a PE ratio of 679.10 and a beta of 1.68.

DoorDash (NASDAQ:DASH - Get Free Report) last posted 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 net margin of 1.15% and a return on equity of 1.67%. The firm had revenue of $3.03 billion for the quarter, compared to analyst estimates of $3.10 billion. During the same period last year, the firm posted ($0.06) EPS. DoorDash's quarterly revenue was up 20.7% on a year-over-year basis. On average, research analysts anticipate 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.