DoorDash, Inc. (NASDAQ:DASH) Shares Bought by Fort Washington Investment Advisors Inc. OH

Fort Washington Investment Advisors Inc. OH grew its stake in DoorDash, Inc. (NASDAQ:DASH) by 36.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 24,156 shares of the company’s stock after purchasing an additional 6,514 shares during the period. Fort Washington Investment Advisors Inc. OH’s holdings in DoorDash were worth $4,052,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of DASH. MassMutual Private Wealth & Trust FSB boosted its holdings in DoorDash by 34.0% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 272 shares of the company’s stock valued at $46,000 after purchasing an additional 69 shares in the last quarter. Wealth Enhancement Advisory Services LLC grew its stake in shares of DoorDash by 0.7% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 11,744 shares of the company’s stock worth $1,970,000 after purchasing an additional 84 shares during the period. Pallas Capital Advisors LLC grew its stake in shares of DoorDash by 3.7% during the 4th quarter. Pallas Capital Advisors LLC now owns 2,465 shares of the company’s stock worth $414,000 after purchasing an additional 88 shares during the period. Central Pacific Bank Trust Division increased its holdings in shares of DoorDash by 1.3% in the 4th quarter. Central Pacific Bank Trust Division now owns 6,966 shares of the company’s stock valued at $1,169,000 after purchasing an additional 91 shares in the last quarter. Finally, Ballentine Partners LLC lifted its stake in shares of DoorDash by 3.9% in the fourth quarter. Ballentine Partners LLC now owns 2,962 shares of the company’s stock valued at $497,000 after purchasing an additional 112 shares during the period. Institutional investors and hedge funds own 90.64% of the company’s stock.

Insider Buying and Selling

In other news, insider Keith Yandell sold 7,980 shares of DoorDash stock in a transaction that occurred on Wednesday, November 20th. The shares were sold at an average price of $169.98, for a total transaction of $1,356,440.40. Following the sale, the insider now owns 124,221 shares in the company, valued at $21,115,085.58. This trade represents a 6.04 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Andy Fang sold 50,000 shares of the business’s stock in a transaction on Monday, November 18th. The stock was sold at an average price of $172.67, for a total transaction of $8,633,500.00. Following the transaction, the director now directly owns 18,089 shares in the company, valued at approximately $3,123,427.63. The trade was a 73.43 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 1,019,333 shares of company stock valued at $177,556,541. Company insiders own 7.92% of the company’s stock.

DoorDash Price Performance

DoorDash stock opened at $177.68 on Thursday. The company has a market cap of $73.81 billion, a price-to-earnings ratio of -394.84, a price-to-earnings-growth ratio of 1.80 and a beta of 1.71. DoorDash, Inc. has a 12 month low of $99.32 and a 12 month high of $181.78. The stock’s 50-day moving average is $173.66 and its 200-day moving average is $147.42.

DoorDash (NASDAQ:DASH) last announced its quarterly earnings results on Wednesday, October 30th. The company reported $0.38 earnings per share for the quarter, beating analysts’ consensus estimates of $0.21 by $0.17. DoorDash had a negative net margin of 1.69% and a negative return on equity of 2.41%. The firm had revenue of $2.71 billion for the quarter, compared to analysts’ expectations of $2.66 billion. During the same period in the previous year, the company posted ($0.19) earnings per share. DoorDash’s revenue was up 25.0% compared to the same quarter last year. Research analysts anticipate that DoorDash, Inc. will post 0.27 EPS for the current year.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on DASH. BMO Capital Markets upped their target price on shares of DoorDash from $140.00 to $180.00 and gave the stock an “outperform” rating in a research report on Thursday, October 31st. Royal Bank of Canada raised their price objective on DoorDash from $175.00 to $215.00 and gave the company an “outperform” rating in a research note on Friday, December 6th. Loop Capital boosted their target price on DoorDash from $170.00 to $200.00 and gave the stock a “buy” rating in a research report on Tuesday, November 12th. The Goldman Sachs Group raised their price target on DoorDash from $161.00 to $192.00 and gave the company a “neutral” rating in a research report on Thursday, January 16th. Finally, Truist Financial boosted their price objective on shares of DoorDash from $180.00 to $217.00 and gave the stock a “buy” rating in a research report on Tuesday, December 17th. Nine investment analysts have rated the stock with a hold rating and twenty-five have given a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $175.97.

About DoorDash

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.