US Bancorp DE Boosts Holdings in DoorDash, Inc. (NASDAQ:DASH)

US Bancorp DE boosted its position in shares of DoorDash, Inc. (NASDAQ:DASHFree Report) by 9.1% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 6,874 shares of the company’s stock after buying an additional 573 shares during the quarter. US Bancorp DE’s holdings in DoorDash were worth $680,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently bought and sold shares of the company. SJS Investment Consulting Inc. lifted its stake in 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 acquiring an additional 98 shares during the period. Westside Investment Management Inc. lifted its stake in DoorDash by 18.2% in the fourth quarter. Westside Investment Management Inc. now owns 650 shares of the company’s stock worth $64,000 after acquiring an additional 100 shares during the period. Hillsdale Investment Management Inc. raised its holdings in DoorDash by 1.6% in the fourth quarter. Hillsdale Investment Management Inc. now owns 6,540 shares of the company’s stock worth $647,000 after purchasing an additional 100 shares in the last quarter. Signaturefd LLC raised its holdings in DoorDash by 3.3% in the fourth quarter. Signaturefd LLC now owns 3,824 shares of the company’s stock worth $378,000 after purchasing an additional 121 shares in the last quarter. Finally, Yousif Capital Management LLC raised its holdings in DoorDash by 6.8% in the fourth quarter. Yousif Capital Management LLC now owns 3,120 shares of the company’s stock worth $309,000 after purchasing an additional 200 shares in the last quarter. 90.64% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages recently commented on DASH. BMO Capital Markets decreased their price objective on shares of DoorDash from $138.00 to $127.00 and set an “outperform” rating for the company in a research report on Thursday, May 2nd. Morgan Stanley raised shares of DoorDash from an “equal weight” rating to an “overweight” rating and increased their price objective for the company from $135.00 to $145.00 in a research report on Thursday, February 22nd. Citigroup increased their price objective on shares of DoorDash from $141.00 to $144.00 and gave the company a “buy” rating in a research report on Thursday, May 2nd. Roth Mkm decreased their price objective on shares of DoorDash from $121.00 to $118.00 and set a “neutral” rating for the company in a research report on Thursday, May 2nd. Finally, JMP Securities decreased their price objective on shares of DoorDash from $160.00 to $140.00 and set a “market outperform” rating for the company in a research report on Thursday, May 2nd. Nine equities research analysts have rated the stock with a hold rating and sixteen 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 price target of $132.28.

View Our Latest Report on DoorDash

DoorDash Trading Up 3.2 %

Shares of NASDAQ DASH opened at $114.07 on Friday. DoorDash, Inc. has a twelve month low of $68.71 and a twelve month high of $143.34. The stock has a 50 day moving average of $123.14 and a two-hundred day moving average of $115.36. The stock has a market cap of $46.64 billion, a P/E ratio of -105.62, a P/E/G ratio of 28.14 and a beta of 1.69.

DoorDash (NASDAQ:DASHGet Free Report) last released its quarterly earnings results on Wednesday, May 1st. The company reported ($0.06) EPS for the quarter, topping the consensus estimate of ($0.07) by $0.01. The business had revenue of $2.51 billion during the quarter, compared to analysts’ expectations of $2.45 billion. DoorDash had a negative return on equity of 6.28% and a negative net margin of 4.61%. The company’s quarterly revenue was up 23.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($0.41) earnings per share. As a group, research analysts predict that DoorDash, Inc. will post 0.11 earnings per share for the current year.

Insider Buying and Selling at DoorDash

In related news, COO Prabir Adarkar sold 8,000 shares of the stock in a transaction on Monday, June 3rd. The stock was sold at an average price of $109.98, for a total transaction of $879,840.00. Following the sale, the chief operating officer now owns 1,002,787 shares of the company’s stock, valued at $110,286,514.26. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other news, CEO Tony Xu sold 132,300 shares of the firm’s stock in a transaction dated Thursday, March 14th. The stock was sold at an average price of $131.96, for a total value of $17,458,308.00. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, COO Prabir Adarkar sold 8,000 shares of the firm’s stock in a transaction dated Monday, June 3rd. The shares were sold at an average price of $109.98, for a total value of $879,840.00. Following the sale, the chief operating officer now owns 1,002,787 shares in the company, valued at $110,286,514.26. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 437,235 shares of company stock valued at $58,322,937. Insiders own 7.92% of the company’s stock.

About DoorDash

(Free Report)

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.

Further Reading

Institutional Ownership by Quarter for DoorDash (NASDAQ:DASH)

Receive News & Ratings for DoorDash Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for DoorDash and related companies with MarketBeat.com's FREE daily email newsletter.