Motley Fool Asset Management LLC Purchases 10,516 Shares of DoorDash, Inc. $DASH

Motley Fool Asset Management LLC raised its position in shares of DoorDash, Inc. (NASDAQ:DASH) by 35.7% in the fourth quarter, Holdings Channel reports. The firm owned 39,998 shares of the company’s stock after acquiring an additional 10,516 shares during the quarter. Motley Fool Asset Management LLC’s holdings in DoorDash were worth $9,059,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Portfolio Design Labs LLC increased its stake in DoorDash by 9.5% during the 4th quarter. Portfolio Design Labs LLC now owns 5,314 shares of the company’s stock valued at $1,204,000 after purchasing an additional 463 shares in the last quarter. Marks Group Wealth Management Inc bought a new stake in DoorDash during the 4th quarter valued at about $319,000. LPL Financial LLC increased its stake in DoorDash by 18.0% during the 4th quarter. LPL Financial LLC now owns 249,823 shares of the company’s stock valued at $56,580,000 after purchasing an additional 38,091 shares in the last quarter. Erste Asset Management GmbH increased its stake in DoorDash by 14.4% during the 4th quarter. Erste Asset Management GmbH now owns 2,228 shares of the company’s stock valued at $515,000 after purchasing an additional 280 shares in the last quarter. Finally, Fiera Capital Corp increased its stake in DoorDash by 34.0% during the 4th quarter. Fiera Capital Corp now owns 77,810 shares of the company’s stock valued at $17,622,000 after purchasing an additional 19,734 shares in the last quarter. 90.64% of the stock is currently owned by institutional investors.

DoorDash Stock Performance

Shares of DASH stock opened at $155.67 on Wednesday. The company has a 50 day moving average price of $162.59 and a 200-day moving average price of $184.92. DoorDash, Inc. has a 52 week low of $143.30 and a 52 week high of $285.50. The firm has a market capitalization of $67.83 billion, a PE ratio of 74.13 and a beta of 1.83. The company has a quick ratio of 1.43, a current ratio of 1.43 and a debt-to-equity ratio of 0.27.

DoorDash (NASDAQ:DASH) last announced its quarterly earnings results on Wednesday, May 6th. The company reported $0.42 EPS for the quarter, topping analysts’ consensus estimates of $0.36 by $0.06. DoorDash had a net margin of 6.29% and a return on equity of 9.58%. The firm had revenue of $4.04 billion during the quarter, compared to analyst estimates of $4.15 billion. During the same period in the previous year, the business posted $0.44 earnings per share. The business’s revenue for the quarter was up 33.1% on a year-over-year basis. As a group, equities research analysts expect that DoorDash, Inc. will post 2.45 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of analysts have weighed in on DASH shares. Mizuho reduced their price objective on shares of DoorDash from $320.00 to $255.00 and set an “outperform” rating for the company in a research note on Tuesday, March 3rd. The Goldman Sachs Group set a $280.00 price objective on shares of DoorDash in a research note on Thursday, May 7th. Citizens Jmp reduced their price objective on shares of DoorDash from $285.00 to $250.00 and set a “market outperform” rating for the company in a research note on Friday, February 20th. BTIG Research reiterated a “buy” rating and issued a $280.00 price target on shares of DoorDash in a research note on Thursday, May 7th. Finally, Bank of America lifted their price target on shares of DoorDash from $260.00 to $272.00 and gave the stock a “buy” rating in a research note on Thursday, February 19th. Two analysts have 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. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $259.58.

DoorDash News Roundup

Here are the key news stories impacting DoorDash this week:

• Positive Sentiment: T-Mobile is offering free DoorDash DashPass again, which could support subscriber growth and keep DoorDash top-of-mind for consumers looking for delivery discounts. T-Mobile Just Gave You Free DoorDash DashPass Again
• Positive Sentiment: Recent director stock purchases can be seen as a vote of confidence from insiders, which often supports investor sentiment. SEC filing for Milan Kovac transaction
• Positive Sentiment: One article argues DoorDash could become a go-to late-night platform for the entertainment industry, suggesting an expanded use case beyond food delivery. DoorDash May Become the Entertainment Industry’s Most Reliable Late-Night Resource
• Neutral Sentiment: Options activity and short-interest headlines suggest traders are positioning around DASH, but the short-interest data shown is essentially zero and does not provide a clear fundamental signal. Do Options Traders Know Something About DoorDash Stock We Don’t?
• Neutral Sentiment: Media stories about customer disputes and unusual orders appear largely anecdotal and are unlikely to materially affect DoorDash’s fundamentals. Walmart teams up with beloved fast-food chain to take on UberEats and DoorDash
• Negative Sentiment: Walmart is expanding services that compete with DoorDash and Uber Eats, adding another well-known player to the delivery battle and increasing competitive pressure. Walmart adds new service to compete with DoorDash, UberEats
• Negative Sentiment: DoorDash and Instacart are facing an FTC fight over consumer fees, which raises the risk of stricter oversight or pressure on pricing practices. DoorDash, Instacart face critical FTC fight over consumer fees

Insider Buying and Selling at DoorDash

In related news, General Counsel Tia Sherringham sold 2,743 shares of the firm’s stock in a transaction that occurred on Friday, May 22nd. The shares were sold at an average price of $160.79, for a total value of $441,046.97. Following the transaction, the general counsel owned 128,216 shares of the company’s stock, valued at approximately $20,615,850.64. This trade represents a 2.09% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Stanley Tang sold 21,433 shares of the firm’s stock in a transaction that occurred on Thursday, April 2nd. The stock was sold at an average price of $150.00, for a total transaction of $3,214,950.00. Following the completion of the transaction, the director directly owned 19,279 shares in the company, valued at approximately $2,891,850. The trade was a 52.65% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders sold 68,558 shares of company stock worth $10,914,640. 5.83% of the stock is owned by corporate insiders.

About DoorDash

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.