HB Wealth Management LLC Sells 481 Shares of DoorDash, Inc. (NASDAQ:DASH)

HB Wealth Management LLC lessened its holdings in DoorDash, Inc. (NASDAQ:DASH) by 18.1% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,176 shares of the company’s stock after selling 481 shares during the quarter. HB Wealth Management LLC’s holdings in DoorDash were worth $300,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Spire Wealth Management bought a new position in DoorDash in the 1st quarter valued at approximately $25,000. Venturi Wealth Management LLC raised its holdings in DoorDash by 54.5% during the 1st quarter. Venturi Wealth Management LLC now owns 255 shares of the company’s stock worth $35,000 after purchasing an additional 90 shares during the last quarter. Parkside Financial Bank & Trust raised its holdings in DoorDash by 361.2% during the 4th quarter. Parkside Financial Bank & Trust now owns 392 shares of the company’s stock worth $39,000 after purchasing an additional 307 shares during the last quarter. Valley National Advisers Inc. bought a new position in DoorDash during the 4th quarter worth approximately $43,000. Finally, SJS Investment Consulting Inc. raised its holdings in DoorDash by 26.9% during the 4th quarter. SJS Investment Consulting Inc. now owns 462 shares of the company’s stock worth $46,000 after purchasing an additional 98 shares during the last quarter. Institutional investors own 90.64% of the company’s stock.

Insiders Place Their Bets

In related news, Director Andy Fang sold 66,195 shares of the company’s stock in a transaction dated Thursday, April 11th. The stock was sold at an average price of $139.31, for a total transaction of $9,221,625.45. Following the transaction, the director now directly owns 36,482 shares of the company’s stock, valued at approximately $5,082,307.42. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other news, Director Shona L. Brown sold 1,712 shares of the firm’s stock in a transaction that occurred on Tuesday, June 25th. The stock was sold at an average price of $110.97, for a total value of $189,980.64. Following the transaction, the director now owns 70,191 shares in the company, valued at $7,789,095.27. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Andy Fang sold 66,195 shares of DoorDash stock in a transaction that occurred on Thursday, April 11th. The stock was sold at an average price of $139.31, for a total value of $9,221,625.45. Following the transaction, the director now owns 36,482 shares in the company, valued at approximately $5,082,307.42. The disclosure for this sale can be found here. In the last ninety days, insiders sold 553,345 shares of company stock worth $66,416,801. 7.92% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several research firms have issued reports on DASH. JMP Securities lowered their price target on shares of DoorDash from $160.00 to $140.00 and set a “market outperform” rating for the company in a report on Thursday, May 2nd. Moffett Nathanson raised shares of DoorDash from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $118.00 to $164.00 in a research report on Thursday, April 11th. Deutsche Bank Aktiengesellschaft raised their price objective on shares of DoorDash from $140.00 to $155.00 and gave the stock a “buy” rating in a research report on Tuesday, April 16th. BMO Capital Markets reduced their price objective on shares of DoorDash from $138.00 to $127.00 and set an “outperform” rating for the company in a research report on Thursday, May 2nd. Finally, Wells Fargo & Company raised their price objective on shares of DoorDash from $100.00 to $125.00 and gave the stock an “equal weight” rating in a research report on Thursday, April 4th. Eight analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $134.79.

DoorDash Trading Up 1.7 %

Shares of NASDAQ DASH traded up $1.85 during trading hours on Friday, hitting $109.47. 1,201,073 shares of the company traded hands, compared to its average volume of 3,915,887. The stock has a market capitalization of $44.76 billion, a price-to-earnings ratio of -100.18, a price-to-earnings-growth ratio of 27.21 and a beta of 1.67. The company’s 50 day moving average price is $114.00 and its 200 day moving average price is $117.31. DoorDash, Inc. has a 12 month low of $69.90 and a 12 month high of $143.34.

DoorDash (NASDAQ:DASH) last announced its quarterly earnings data on Wednesday, May 1st. The company reported ($0.06) EPS for the quarter, beating the consensus estimate of ($0.07) by $0.01. The company had revenue of $2.51 billion for the quarter, compared to the consensus estimate of $2.45 billion. DoorDash had a negative return on equity of 6.28% and a negative net margin of 4.61%. DoorDash’s quarterly revenue was up 23.5% on a year-over-year basis. During the same quarter in the prior year, the company posted ($0.41) EPS. Equities analysts anticipate that DoorDash, Inc. will post 0.11 EPS for the current 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.