Private Wealth Partners LLC Acquires New Shares in DoorDash, Inc. $DASH

Private Wealth Partners LLC acquired a new position in shares of DoorDash, Inc. (NASDAQ:DASH) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 4,810 shares of the company’s stock, valued at approximately $722,000.

Other large investors have also added to or reduced their stakes in the company. MV Capital Management Inc. bought a new stake in shares of DoorDash during the fourth quarter valued at about $26,000. Eastern Bank boosted its position in shares of DoorDash by 714.3% in the fourth quarter. Eastern Bank now owns 114 shares of the company’s stock valued at $26,000 after acquiring an additional 100 shares during the period. Sunbelt Securities Inc. grew its stake in DoorDash by 124.1% during the third quarter. Sunbelt Securities Inc. now owns 121 shares of the company’s stock valued at $33,000 after acquiring an additional 67 shares in the last quarter. Swiss RE Ltd. purchased a new position in DoorDash during the fourth quarter valued at approximately $28,000. Finally, ST Germain D J Co. Inc. bought a new stake in DoorDash during the 4th quarter worth approximately $29,000. Institutional investors own 90.64% of the company’s stock.

Analysts Set New Price Targets

DASH has been the topic of several recent analyst reports. Rothschild & Co Redburn set a $350.00 target price on shares of DoorDash in a research note on Tuesday, May 12th. Argus set a $190.00 price target on shares of DoorDash in a research report on Thursday, June 11th. Truist Financial decreased their price target on shares of DoorDash from $340.00 to $330.00 and set a “buy” rating on the stock in a report on Thursday, May 7th. Moffett Nathanson set a $276.00 price objective on DoorDash in a research report on Wednesday, April 15th. Finally, Susquehanna dropped their price objective on DoorDash from $250.00 to $225.00 and set a “positive” rating for the company in a research note on Friday, May 8th. Two analysts have rated the stock with a Strong Buy rating, twenty-five have assigned a Buy rating and nine have assigned a Hold rating to the company’s stock. According to MarketBeat, DoorDash presently has an average rating of “Moderate Buy” and a consensus target price of $256.11.

DoorDash Stock Performance

Shares of DoorDash stock opened at $192.01 on Friday. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.43 and a quick ratio of 1.43. DoorDash, Inc. has a 1 year low of $143.30 and a 1 year high of $285.50. The firm has a market cap of $83.66 billion, a PE ratio of 91.43 and a beta of 1.78. The company has a 50 day simple moving average of $165.99 and a two-hundred day simple moving average of $180.55.

DoorDash (NASDAQ:DASH) last issued 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. The firm had revenue of $4.04 billion for the quarter, compared to analyst estimates of $4.15 billion. DoorDash had a net margin of 6.29% and a return on equity of 9.58%. The business’s revenue for the quarter was up 33.1% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.44 EPS. Analysts expect that DoorDash, Inc. will post 2.41 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, Director Shona L. Brown sold 582 shares of the company’s stock in a transaction on Friday, June 26th. The shares were sold at an average price of $177.06, for a total value of $103,048.92. Following the completion of the transaction, the director directly owned 31,156 shares in the company, valued at approximately $5,516,481.36. The trade was a 1.83% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Keith Yandell sold 2,643 shares of the stock in a transaction on Tuesday, May 26th. The shares were sold at an average price of $155.34, for a total value of $410,563.62. Following the completion of the transaction, the insider directly owned 81,106 shares in the company, valued at approximately $12,599,006.04. This represents a 3.16% 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. Insiders sold 42,707 shares of company stock valued at $7,113,039 in the last three months. 5.83% of the stock is owned by corporate insiders.

DoorDash Company 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.