Valley National Advisers Inc. Acquires 141 Shares of DoorDash, Inc. (NASDAQ:DASH)

Valley National Advisers Inc. increased its holdings in DoorDash, Inc. (NASDAQ:DASH) by 32.1% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 580 shares of the company’s stock after acquiring an additional 141 shares during the period. Valley National Advisers Inc.’s holdings in DoorDash were worth $79,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of DASH. Parkside Financial Bank & Trust lifted its stake in DoorDash by 361.2% in the fourth quarter. Parkside Financial Bank & Trust now owns 392 shares of the company’s stock valued at $39,000 after purchasing an additional 307 shares during the last quarter. SJS Investment Consulting Inc. lifted its stake in DoorDash by 26.9% in the fourth quarter. SJS Investment Consulting Inc. now owns 462 shares of the company’s stock valued at $46,000 after purchasing an additional 98 shares during the last quarter. Cullen Frost Bankers Inc. purchased a new position in DoorDash in the fourth quarter valued at approximately $49,000. Livforsakringsbolaget Skandia Omsesidigt lifted its stake in DoorDash by 182.0% in the fourth quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 564 shares of the company’s stock valued at $56,000 after purchasing an additional 364 shares during the last quarter. Finally, EdgeRock Capital LLC purchased a new position in DoorDash in the fourth quarter valued at approximately $57,000. Hedge funds and other institutional investors own 90.64% of the company’s stock.

Insider Activity

In other news, CEO Tony Xu sold 132,300 shares of the firm’s stock in a transaction dated Tuesday, April 16th. The stock was sold at an average price of $133.51, for a total transaction of $17,663,373.00. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. In other news, General Counsel Tia Sherringham sold 11,740 shares of DoorDash stock in a transaction that occurred on Thursday, May 23rd. The shares were sold at an average price of $110.46, for a total transaction of $1,296,800.40. Following the completion of the transaction, the general counsel now directly owns 183,512 shares in the company, valued at $20,270,735.52. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Tony Xu sold 132,300 shares of DoorDash stock in a transaction that occurred on Tuesday, April 16th. The shares were sold at an average price of $133.51, for a total transaction of $17,663,373.00. The disclosure for this sale can be found here. Over the last three months, insiders have sold 554,045 shares of company stock valued at $66,515,921. 7.92% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

DASH has been the topic of several recent research reports. Citigroup increased their target price on DoorDash from $141.00 to $144.00 and gave the stock a “buy” rating in a research report on Thursday, May 2nd. Benchmark dropped their target price on DoorDash from $165.00 to $150.00 and set a “buy” rating on the stock in a research report on Thursday, May 2nd. BMO Capital Markets dropped their target price on DoorDash from $138.00 to $127.00 and set an “outperform” rating on the stock in a research report on Thursday, May 2nd. Truist Financial dropped their target price on DoorDash from $155.00 to $145.00 and set a “buy” rating on the stock in a research report on Thursday, May 2nd. Finally, Roth Mkm dropped their target price on DoorDash from $121.00 to $118.00 and set a “neutral” rating on the stock in a research report on Thursday, May 2nd. Eight analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $134.79.

DoorDash Stock Performance

DASH traded up $0.17 during trading on Wednesday, reaching $107.62. The stock had a trading volume of 1,628,072 shares, compared to its average volume of 3,937,264. The stock has a market cap of $44.01 billion, a PE ratio of -99.65, a PEG ratio of 27.50 and a beta of 1.67. DoorDash, Inc. has a one year low of $69.90 and a one year high of $143.34. The business has a 50-day moving average of $114.41 and a 200-day moving average of $117.37.

DoorDash (NASDAQ:DASH) last announced its quarterly earnings data on Wednesday, May 1st. The company reported ($0.06) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.07) by $0.01. DoorDash had a negative return on equity of 6.28% and a negative net margin of 4.61%. The firm had revenue of $2.51 billion for the quarter, compared to analysts’ expectations of $2.45 billion. During the same period last year, the firm earned ($0.41) earnings per share. The company’s revenue for the quarter was up 23.5% compared to the same quarter last year. Equities research analysts forecast that DoorDash, Inc. will post 0.11 EPS for the current fiscal year.

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.