Raymond James & Associates Raises Stake in DoorDash, Inc. (NASDAQ:DASH)

Raymond James & Associates boosted its holdings in shares of DoorDash, Inc. (NASDAQ:DASH) by 25.9% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 15,805 shares of the company’s stock after buying an additional 3,254 shares during the quarter. Raymond James & Associates’ holdings in DoorDash were worth $1,563,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of DASH. Fifth Third Bancorp raised its holdings in shares of DoorDash by 448.8% during the third quarter. Fifth Third Bancorp now owns 439 shares of the company’s stock worth $35,000 after purchasing an additional 359 shares during the last quarter. Covestor Ltd raised its stake in shares of DoorDash by 101.2% during the 3rd quarter. Covestor Ltd now owns 503 shares of the company’s stock valued at $40,000 after buying an additional 253 shares during the last quarter. SJS Investment Consulting Inc. lifted its holdings in shares of DoorDash by 26.9% in the 4th quarter. SJS Investment Consulting Inc. now owns 462 shares of the company’s stock valued at $46,000 after buying an additional 98 shares during the period. Loomis Sayles & Co. L P boosted its stake in shares of DoorDash by 1,274.5% in the third quarter. Loomis Sayles & Co. L P now owns 701 shares of the company’s stock worth $56,000 after buying an additional 650 shares during the last quarter. Finally, Westside Investment Management Inc. boosted its stake in shares of 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 buying an additional 100 shares during the last quarter. 90.64% of the stock is owned by hedge funds and other institutional investors.

DoorDash Trading Down 0.6 %

NASDAQ:DASH opened at $130.10 on Friday. The company has a market cap of $52.56 billion, a P/E ratio of -90.98, a P/E/G ratio of 15.69 and a beta of 1.79. DoorDash, Inc. has a twelve month low of $56.59 and a twelve month high of $143.34. The company’s 50-day moving average price is $130.22 and its 200-day moving average price is $106.42.

DoorDash (NASDAQ:DASH) last released its quarterly earnings data on Thursday, February 15th. The company reported ($0.39) EPS for the quarter, missing analysts’ consensus estimates of ($0.15) by ($0.24). The business had revenue of $2.30 billion during the quarter, compared to analyst estimates of $2.25 billion. DoorDash had a negative net margin of 6.46% and a negative return on equity of 8.49%. The firm’s revenue was up 26.7% on a year-over-year basis. During the same quarter in the previous year, the company posted ($0.63) EPS. On average, analysts expect that DoorDash, Inc. will post 0.2 earnings per share for the current year.

Analyst Ratings Changes

DASH has been the subject of a number of analyst reports. Truist Financial boosted their price target on DoorDash from $140.00 to $155.00 and gave the company a “buy” rating in a report on Wednesday, March 27th. Roth Mkm boosted their target price on shares of DoorDash from $92.00 to $109.00 and gave the company a “neutral” rating in a research note on Friday, January 19th. Morgan Stanley upgraded shares of DoorDash from an “equal weight” rating to an “overweight” rating and raised their price target for the company from $135.00 to $145.00 in a research report on Thursday, February 22nd. Needham & Company LLC reiterated a “buy” rating and issued a $133.00 price objective on shares of DoorDash in a research report on Tuesday, February 6th. Finally, Wedbush increased their target price on shares of DoorDash from $92.00 to $115.00 and gave the stock a “neutral” rating in a research note on Friday, February 16th. Nine equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. According to MarketBeat.com, DoorDash presently has an average rating of “Moderate Buy” and a consensus target price of $128.88.

Insider Activity at DoorDash

In other DoorDash news, CEO Tony Xu sold 132,300 shares of the business’s stock in a transaction on Thursday, March 14th. The stock was sold at an average price of $131.96, for a total transaction of $17,458,308.00. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, CFO Ravi Inukonda sold 5,000 shares of the stock in a transaction that occurred on Tuesday, January 30th. The stock was sold at an average price of $109.73, for a total value of $548,650.00. Following the completion of the transaction, the chief financial officer now directly owns 414,738 shares in the company, valued at $45,509,200.74. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Tony Xu sold 132,300 shares of the firm’s stock in a transaction on Thursday, March 14th. The stock was sold at an average price of $131.96, for a total value of $17,458,308.00. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 497,282 shares of company stock valued at $64,885,042. 9.59% of the stock is currently owned by insiders.

DoorDash Company Profile

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.