2,657 Shares in DoorDash, Inc. (NASDAQ:DASH) Acquired by HB Wealth Management LLC

HB Wealth Management LLC purchased a new position in shares of DoorDash, Inc. (NASDAQ:DASH) during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor purchased 2,657 shares of the company’s stock, valued at approximately $263,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Versor Investments LP purchased a new stake in shares of DoorDash in the third quarter worth approximately $556,000. Angeles Investment Advisors LLC purchased a new stake in shares of DoorDash in the third quarter worth approximately $336,000. Bank of Nova Scotia raised its stake in shares of DoorDash by 685.9% in the third quarter. Bank of Nova Scotia now owns 46,751 shares of the company’s stock worth $3,715,000 after purchasing an additional 40,802 shares during the last quarter. Jump Financial LLC raised its stake in shares of DoorDash by 131.3% in the third quarter. Jump Financial LLC now owns 15,841 shares of the company’s stock worth $1,259,000 after purchasing an additional 8,993 shares during the last quarter. Finally, Vanguard Group Inc. raised its stake in shares of DoorDash by 3.0% in the third quarter. Vanguard Group Inc. now owns 27,043,520 shares of the company’s stock worth $2,149,149,000 after purchasing an additional 781,861 shares during the last quarter. 90.64% of the stock is owned by hedge funds and other institutional investors.

DoorDash Price Performance

DoorDash stock opened at $137.72 on Friday. DoorDash, Inc. has a one year low of $56.59 and a one year high of $143.34. The business has a fifty day moving average price of $121.91 and a 200-day moving average price of $100.48. The firm has a market capitalization of $55.64 billion, a P/E ratio of -96.31, a PEG ratio of 16.44 and a beta of 1.78.

DoorDash (NASDAQ:DASH) last posted its quarterly earnings data on Thursday, February 15th. The company reported ($0.39) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.15) by ($0.24). The business had revenue of $2.30 billion for the quarter, compared to the consensus estimate of $2.25 billion. DoorDash had a negative net margin of 6.46% and a negative return on equity of 8.49%. DoorDash’s quarterly revenue was up 26.7% on a year-over-year basis. During the same period in the prior year, the business posted ($0.63) EPS. Sell-side analysts expect that DoorDash, Inc. will post 0.2 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

DASH has been the subject of several analyst reports. Deutsche Bank Aktiengesellschaft increased their price objective on DoorDash from $125.00 to $140.00 in a research note on Thursday, February 15th. Piper Sandler raised DoorDash from an “underweight” rating to a “neutral” rating and increased their price target for the company from $53.00 to $127.00 in a research report on Friday, March 15th. Roth Mkm increased their price target on DoorDash from $92.00 to $109.00 and gave the company a “neutral” rating in a research report on Friday, January 19th. Susquehanna increased their price target on DoorDash from $110.00 to $135.00 and gave the company a “positive” rating in a research report on Tuesday, February 20th. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $133.00 price target on shares of DoorDash in a research report on Tuesday, February 6th. Ten investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $123.82.

Insider Activity at DoorDash

In other DoorDash news, CEO Tony Xu sold 132,300 shares of the firm’s stock in a transaction dated Wednesday, January 10th. The stock was sold at an average price of $104.93, for a total transaction of $13,882,239.00. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other DoorDash news, CEO Tony Xu sold 132,300 shares of the firm’s stock in a transaction dated Wednesday, January 10th. The stock was sold at an average price of $104.93, for a total transaction of $13,882,239.00. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Shona L. Brown sold 700 shares of the firm’s stock in a transaction dated Friday, January 5th. The shares were sold at an average price of $93.54, for a total value of $65,478.00. Following the sale, the director now owns 72,214 shares in the company, valued at approximately $6,754,897.56. The disclosure for this sale can be found here. Over the last quarter, insiders sold 519,087 shares of company stock valued at $58,139,690. Company insiders own 9.59% 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.