Franklin Street Advisors Inc. NC Buys New Holdings in DoorDash, Inc. (NASDAQ:DASH)

Franklin Street Advisors Inc. NC acquired a new stake in DoorDash, Inc. (NASDAQ:DASH) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 1,775 shares of the company’s stock, valued at approximately $298,000.

Several other large investors have also bought and sold shares of DASH. Commonwealth Equity Services LLC increased its position in shares of DoorDash by 34.5% during the 2nd quarter. Commonwealth Equity Services LLC now owns 6,275 shares of the company’s stock valued at $683,000 after purchasing an additional 1,611 shares during the last quarter. Private Advisor Group LLC increased its stake in shares of DoorDash by 15.1% during the 2nd quarter. Private Advisor Group LLC now owns 17,062 shares of the company’s stock worth $1,856,000 after purchasing an additional 2,232 shares during the last quarter. Quest Partners LLC raised its stake in shares of DoorDash by 146.8% in the second quarter. Quest Partners LLC now owns 343 shares of the company’s stock valued at $37,000 after buying an additional 204 shares during the period. Prudential PLC lifted its position in shares of DoorDash by 91.4% during the 2nd quarter. Prudential PLC now owns 5,148 shares of the company’s stock valued at $560,000 after buying an additional 2,459 shares during the last quarter. Finally, Choreo LLC bought a new position in shares of DoorDash during the 2nd quarter worth $465,000. 90.64% of the stock is currently owned by institutional investors.

DoorDash Trading Down 2.7 %

DASH stock traded down $4.62 during midday trading on Friday, hitting $169.10. The company had a trading volume of 1,025,854 shares, compared to its average volume of 2,147,162. The stock has a market cap of $70.24 billion, a price-to-earnings ratio of -375.78, a PEG ratio of 13.56 and a beta of 1.71. DoorDash, Inc. has a 52 week low of $99.32 and a 52 week high of $181.78. The stock’s 50 day moving average price is $172.80 and its 200 day moving average price is $143.21.

DoorDash (NASDAQ:DASH) last announced its quarterly earnings results on Wednesday, October 30th. The company reported $0.38 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.21 by $0.17. The business had revenue of $2.71 billion for the quarter, compared to analyst estimates of $2.66 billion. DoorDash had a negative net margin of 1.69% and a negative return on equity of 2.41%. The company’s revenue was up 25.0% on a year-over-year basis. During the same quarter last year, the firm earned ($0.19) EPS. Analysts predict that DoorDash, Inc. will post 0.26 earnings per share for the current year.

Insider Transactions at DoorDash

In related news, CEO Tony Xu sold 115,432 shares of the stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $177.01, for a total value of $20,432,618.32. Following the completion of the transaction, the chief executive officer now directly owns 1,500 shares in the company, valued at $265,515. This trade represents a 98.72 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Stanley Tang sold 1,855 shares of the business’s stock in a transaction dated Wednesday, November 20th. The stock was sold at an average price of $169.98, for a total transaction of $315,312.90. Following the sale, the director now directly owns 35,413 shares in the company, valued at $6,019,501.74. The trade was a 4.98 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 1,032,694 shares of company stock worth $175,964,786. 7.92% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on DASH. Needham & Company LLC boosted their price target on shares of DoorDash from $145.00 to $180.00 and gave the company a “buy” rating in a research report on Thursday, October 31st. Truist Financial lifted their price target on DoorDash from $180.00 to $217.00 and gave the company a “buy” rating in a research report on Tuesday, December 17th. Jefferies Financial Group raised their target price on DoorDash from $155.00 to $180.00 and gave the stock a “buy” rating in a research note on Tuesday, October 22nd. KeyCorp increased their price target on shares of DoorDash from $180.00 to $225.00 and gave the stock an “overweight” rating in a report on Thursday. Finally, Raymond James started coverage on shares of DoorDash in a research note on Tuesday, September 24th. They set an “outperform” rating and a $155.00 price objective for the company. Nine research analysts have rated the stock with a hold rating and twenty-five have given a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $172.79.

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.