DoorDash, Inc. (NASDAQ:DASH) Shares Acquired by Amalgamated Bank

Amalgamated Bank increased its holdings in shares of DoorDash, Inc. (NASDAQ:DASH) by 5.8% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 34,554 shares of the company’s stock after purchasing an additional 1,901 shares during the quarter. Amalgamated Bank’s holdings in DoorDash were worth $3,417,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. Fifth Third Bancorp increased its position in shares of DoorDash by 448.8% in the third quarter. Fifth Third Bancorp now owns 439 shares of the company’s stock worth $35,000 after acquiring an additional 359 shares in the last quarter. Parkside Financial Bank & Trust increased its holdings in DoorDash by 361.2% in the 4th quarter. Parkside Financial Bank & Trust now owns 392 shares of the company’s stock valued at $39,000 after purchasing an additional 307 shares in the last quarter. Covestor Ltd raised its position in DoorDash by 101.2% in the third quarter. Covestor Ltd now owns 503 shares of the company’s stock valued at $40,000 after purchasing an additional 253 shares during the period. Valley National Advisers Inc. purchased a new position in DoorDash in the fourth quarter valued at about $43,000. Finally, SJS Investment Consulting Inc. boosted its position in shares of DoorDash by 26.9% in the fourth quarter. SJS Investment Consulting Inc. now owns 462 shares of the company’s stock worth $46,000 after buying an additional 98 shares during the period. Hedge funds and other institutional investors own 90.64% of the company’s stock.

Insiders Place Their Bets

In other news, Director Shona L. Brown sold 700 shares of the business’s stock in a transaction that occurred on Thursday, April 4th. The stock was sold at an average price of $141.60, for a total transaction of $99,120.00. Following the completion of the transaction, the director now directly owns 70,111 shares in the company, valued at $9,927,717.60. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In other DoorDash news, Director Shona L. Brown sold 700 shares of DoorDash stock in a transaction on Thursday, April 4th. The stock was sold at an average price of $141.60, for a total transaction of $99,120.00. Following the sale, the director now owns 70,111 shares of the company’s stock, valued at approximately $9,927,717.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Andy Fang sold 67,000 shares of the business’s stock in a transaction on Friday, February 16th. The stock was sold at an average price of $110.57, for a total value of $7,408,190.00. Following the transaction, the director now owns 40,969 shares of the company’s stock, valued at approximately $4,529,942.33. The disclosure for this sale can be found here. In the last 90 days, insiders sold 487,082 shares of company stock worth $63,970,010. Insiders own 9.59% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently commented on DASH. JMP Securities dropped their target price on DoorDash from $160.00 to $140.00 and set a “market outperform” rating on the stock in a report on Thursday, May 2nd. Needham & Company LLC reissued a “buy” rating and set a $137.00 target price on shares of DoorDash in a research report on Thursday, May 2nd. Wells Fargo & Company raised their price target on shares of DoorDash from $100.00 to $125.00 and gave the company an “equal weight” rating in a report on Thursday, April 4th. Truist Financial cut their price objective on shares of DoorDash from $155.00 to $145.00 and set a “buy” rating on the stock in a report on Thursday, May 2nd. Finally, Citigroup raised their target price on DoorDash from $141.00 to $144.00 and gave the company a “buy” rating in a research note on Thursday, May 2nd. Nine research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. According to MarketBeat, DoorDash currently has an average rating of “Moderate Buy” and a consensus price target of $132.28.

DoorDash Price Performance

NASDAQ:DASH opened at $116.17 on Friday. The firm has a market capitalization of $46.93 billion, a P/E ratio of -107.56, a P/E/G ratio of 15.89 and a beta of 1.78. The business has a 50 day simple moving average of $131.29 and a 200 day simple moving average of $111.28. DoorDash, Inc. has a 12-month low of $62.83 and a 12-month high of $143.34.

DoorDash (NASDAQ:DASH) last announced its quarterly earnings results on Wednesday, May 1st. The company reported ($0.06) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.07) by $0.01. DoorDash had a negative net margin of 4.61% and a negative return on equity of 6.28%. The company had revenue of $2.51 billion during the quarter, compared to the consensus estimate of $2.45 billion. During the same quarter in the previous year, the company posted ($0.41) earnings per share. The company’s revenue for the quarter was up 23.5% compared to the same quarter last year. Research analysts anticipate that DoorDash, Inc. will post 0.17 EPS for the current fiscal year.

About DoorDash

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.