DoorDash, Inc. $DASH Shares Sold by Pittenger & Anderson Inc.

Pittenger & Anderson Inc. trimmed its holdings in DoorDash, Inc. (NASDAQ:DASH) by 89.6% in the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 525 shares of the company’s stock after selling 4,520 shares during the period. Pittenger & Anderson Inc.’s holdings in DoorDash were worth $79,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in DASH. Vanguard Group Inc. lifted its stake in shares of DoorDash by 1.7% in the 4th quarter. Vanguard Group Inc. now owns 43,426,479 shares of the company’s stock valued at $9,835,229,000 after purchasing an additional 713,571 shares during the last quarter. SC US Ttgp LTD. increased its position in shares of DoorDash by 1.6% during the 4th quarter. SC US Ttgp LTD. now owns 31,686,624 shares of the company’s stock worth $7,176,387,000 after purchasing an additional 506,358 shares during the last quarter. Morgan Stanley increased its position in shares of DoorDash by 2.3% during the 4th quarter. Morgan Stanley now owns 17,536,824 shares of the company’s stock worth $3,971,741,000 after purchasing an additional 391,596 shares during the last quarter. State Street Corp raised its holdings in DoorDash by 3.0% in the 4th quarter. State Street Corp now owns 15,761,072 shares of the company’s stock valued at $3,569,568,000 after buying an additional 464,448 shares during the period. Finally, Price T Rowe Associates Inc. MD raised its holdings in DoorDash by 32.8% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 13,958,114 shares of the company’s stock valued at $3,161,234,000 after buying an additional 3,447,754 shares during the period. Institutional investors and hedge funds own 90.64% of the company’s stock.

DoorDash Price Performance

DoorDash stock opened at $191.82 on Monday. The firm has a market cap of $83.58 billion, a PE ratio of 91.34 and a beta of 1.78. DoorDash, Inc. has a 52-week low of $143.30 and a 52-week high of $285.50. The company has a quick ratio of 1.43, a current ratio of 1.43 and a debt-to-equity ratio of 0.27. The company’s 50 day moving average is $167.76 and its two-hundred day moving average is $178.88.

DoorDash (NASDAQ:DASH) last issued its quarterly earnings results on Wednesday, May 6th. The company reported $0.42 EPS for the quarter, beating the consensus estimate of $0.36 by $0.06. DoorDash had a net margin of 6.29% and a return on equity of 9.58%. The company had revenue of $4.04 billion during the quarter, compared to analysts’ expectations of $4.15 billion. During the same quarter last year, the company posted $0.44 EPS. The firm’s revenue was up 33.1% compared to the same quarter last year. On average, research analysts expect that DoorDash, Inc. will post 2.41 EPS for the current fiscal year.

Insider Transactions at DoorDash

In other DoorDash news, General Counsel Tia Sherringham sold 2,743 shares of the company’s stock in a transaction dated Friday, May 22nd. The stock was sold at an average price of $160.79, for a total transaction of $441,046.97. Following the sale, the general counsel owned 128,216 shares in the company, valued at $20,615,850.64. This represents a 2.09% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Andy Fang sold 5,000 shares of the stock in a transaction dated Wednesday, June 24th. The shares were sold at an average price of $180.00, for a total value of $900,000.00. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 84,927 shares of company stock valued at $15,124,932 in the last 90 days. Insiders own 5.83% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on DASH shares. Piper Sandler dropped their price target on shares of DoorDash from $220.00 to $205.00 and set a “neutral” rating for the company in a research report on Thursday, May 7th. UBS Group upped their price objective on shares of DoorDash from $206.00 to $214.00 and gave the stock a “neutral” rating in a report on Thursday, May 7th. DA Davidson lowered their price objective on shares of DoorDash from $224.00 to $200.00 and set a “neutral” rating for the company in a research report on Thursday, May 7th. Truist Financial dropped their target price on shares of DoorDash from $340.00 to $330.00 and set a “buy” rating for the company in a report on Thursday, May 7th. Finally, Susquehanna cut their target price on DoorDash from $250.00 to $225.00 and set a “positive” rating on the stock in a research report on Friday, May 8th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-five have given a Buy rating and nine have given a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $256.08.

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.