DoorDash, Inc. $DASH Shares Sold by Wealth Enhancement Advisory Services LLC

Wealth Enhancement Advisory Services LLC decreased its position in DoorDash, Inc. (NASDAQ:DASH) by 40.8% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 34,777 shares of the company’s stock after selling 23,980 shares during the quarter. Wealth Enhancement Advisory Services LLC’s holdings in DoorDash were worth $7,980,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in DASH. Resonant Capital Advisors LLC grew its holdings in shares of DoorDash by 3.5% during the third quarter. Resonant Capital Advisors LLC now owns 1,229 shares of the company’s stock worth $334,000 after buying an additional 42 shares in the last quarter. Premier Path Wealth Partners LLC raised its position in shares of DoorDash by 1.9% in the third quarter. Premier Path Wealth Partners LLC now owns 2,414 shares of the company’s stock valued at $657,000 after buying an additional 45 shares during the last quarter. Quotient Wealth Partners LLC lifted its stake in shares of DoorDash by 3.2% during the third quarter. Quotient Wealth Partners LLC now owns 1,537 shares of the company’s stock valued at $418,000 after buying an additional 48 shares during the period. Hobart Private Capital LLC boosted its position in DoorDash by 2.4% during the third quarter. Hobart Private Capital LLC now owns 2,164 shares of the company’s stock worth $589,000 after acquiring an additional 50 shares during the last quarter. Finally, SageView Advisory Group LLC boosted its position in DoorDash by 3.6% during the second quarter. SageView Advisory Group LLC now owns 1,486 shares of the company’s stock worth $366,000 after acquiring an additional 51 shares during the last quarter. 90.64% of the stock is currently owned by hedge funds and other institutional investors.

DoorDash Stock Down 3.5%

Shares of DASH opened at $146.60 on Friday. DoorDash, Inc. has a fifty-two week low of $143.30 and a fifty-two week high of $285.50. The company’s fifty day moving average is $178.64 and its two-hundred day moving average is $216.74. The firm has a market cap of $63.69 billion, a PE ratio of 69.15 and a beta of 1.82. The company has a quick ratio of 1.41, a current ratio of 1.41 and a debt-to-equity ratio of 0.27.

DoorDash (NASDAQ:DASH) last issued its earnings results on Wednesday, February 18th. The company reported $0.48 earnings per share for the quarter, missing the consensus estimate of $0.58 by ($0.10). DoorDash had a return on equity of 10.15% and a net margin of 6.82%.The firm had revenue of $3.96 billion during the quarter, compared to analysts’ expectations of $3.98 billion. During the same period last year, the business posted $0.33 earnings per share. The company’s quarterly revenue was up 37.7% compared to the same quarter last year. Analysts forecast that DoorDash, Inc. will post 2.22 earnings per share for the current year.

Insider Buying and Selling at DoorDash

In other DoorDash news, Director Shona L. Brown sold 1,250 shares of the business’s stock in a transaction that occurred on Monday, March 9th. The shares were sold at an average price of $176.61, for a total transaction of $220,762.50. Following the completion of the sale, the director directly owned 31,002 shares in the company, valued at $5,475,263.22. The trade was a 3.88% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Tony Xu sold 16,667 shares of the firm’s stock in a transaction on Monday, January 5th. The shares were sold at an average price of $230.00, for a total transaction of $3,833,410.00. Following the completion of the transaction, the chief executive officer directly owned 1,500 shares in the company, valued at approximately $345,000. This represents a 91.74% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 167,317 shares of company stock worth $35,720,931. Company insiders own 5.83% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have weighed in on the company. Bank of America boosted their price target on DoorDash from $260.00 to $272.00 and gave the company a “buy” rating in a report on Thursday, February 19th. Wells Fargo & Company decreased their price objective on DoorDash from $251.00 to $221.00 and set an “equal weight” rating on the stock in a report on Thursday, February 19th. Piper Sandler reaffirmed a “neutral” rating and issued a $220.00 price objective (down from $230.00) on shares of DoorDash in a research report on Thursday, February 19th. UBS Group dropped their target price on DoorDash from $245.00 to $240.00 and set a “neutral” rating for the company in a research note on Thursday, February 19th. Finally, Wedbush increased their target price on DoorDash from $260.00 to $270.00 and gave the stock an “outperform” rating in a research report on Friday, December 19th. One investment analyst has rated the stock with a Strong Buy rating, twenty-five have given a Buy rating and nine have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $263.82.

DoorDash Profile

DoorDash, Inc operates a technology-driven logistics and food-delivery marketplace that connects consumers, merchants and independent delivery contractors. The company’s core service enables customers to order from local restaurants and retailers through its app and website while DoorDash handles last-mile fulfillment via its network of drivers, known as “Dashers.” Over time the platform has broadened beyond restaurant deliveries to include groceries, convenience items and retail deliveries, positioning DoorDash as a broader on-demand logistics provider for consumer goods.

In addition to its marketplace, DoorDash offers a suite of products and services for consumers and businesses.