DoorDash, Inc. $DASH Stock Holdings Raised by CENTRAL TRUST Co

CENTRAL TRUST Co lifted its position in shares of DoorDash, Inc. (NASDAQ:DASH) by 5,234.4% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 23,098 shares of the company’s stock after acquiring an additional 22,665 shares during the period. CENTRAL TRUST Co’s holdings in DoorDash were worth $4,240,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in the company. Activest Wealth Management lifted its position in DoorDash by 892.9% in the 3rd quarter. Activest Wealth Management now owns 139 shares of the company’s stock valued at $26,000 after acquiring an additional 125 shares in the last quarter. Washington Trust Advisors Inc. boosted its stake in DoorDash by 81.0% during the 2nd quarter. Washington Trust Advisors Inc. now owns 143 shares of the company’s stock valued at $26,000 after purchasing an additional 64 shares during the last quarter. Fairscale Capital LLC increased its holdings in shares of DoorDash by 128.6% in the 3rd quarter. Fairscale Capital LLC now owns 144 shares of the company’s stock worth $25,000 after purchasing an additional 81 shares in the last quarter. City State Bank increased its holdings in shares of DoorDash by 56.0% in the 3rd quarter. City State Bank now owns 156 shares of the company’s stock worth $29,000 after purchasing an additional 56 shares in the last quarter. Finally, Signature Equity Partners LLC raised its stake in shares of DoorDash by 213.5% in the third quarter. Signature Equity Partners LLC now owns 163 shares of the company’s stock worth $30,000 after purchasing an additional 111 shares during the last quarter. 90.64% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other DoorDash news, CFO Ravi Inukonda sold 1,017 shares of the stock in a transaction dated Monday, October 12th. The stock was sold at an average price of $195.00, for a total value of $198,315.00. Following the transaction, the chief financial officer owned 217,911 shares of the company’s stock, valued at approximately $42,492,645. This represents a 0.46% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, COO Keith Yandell sold 2,183 shares of the firm’s stock in a transaction dated Thursday, October 1st. The stock was sold at an average price of $183.69, for a total value of $400,995.27. Following the completion of the transaction, the chief operating officer directly owned 118,505 shares in the company, valued at $21,768,183.45. The trade was a 1.81% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 349,430 shares of company stock valued at $76,644,002 over the last ninety days. 44.90% of the stock is owned by insiders.

Analyst Ratings Changes

DASH has been the topic of a number of research analyst reports. TD Cowen reaffirmed a “buy” rating on shares of DoorDash in a report on Tuesday, October 27th. JPMorgan Chase & Co. increased their price objective on DoorDash from $250.00 to $262.00 in a research report on Wednesday, August 5th. Susquehanna lifted their price objective on DoorDash from $225.00 to $250.00 and gave the stock a “positive” rating in a report on Friday, August 7th. Guggenheim reissued a “buy” rating and issued a $255.00 target price on shares of DoorDash in a research report on Wednesday, October 14th. Finally, Cantor Fitzgerald reissued an “overweight” rating and issued a $240.00 target price on shares of DoorDash in a research report on Friday, October 30th. One analyst has rated the stock with a Strong Buy rating, thirty-one have issued a Buy rating and ten have given a Hold rating to the company. According to MarketBeat, DoorDash currently has a consensus rating of “Moderate Buy” and a consensus price target of $249.82.

DoorDash Trading Down 3.2%

NASDAQ:DASH opened at $172.58 on Friday. The company has a current ratio of 1.46, a quick ratio of 1.46 and a debt-to-equity ratio of 0.25. DoorDash, Inc. has a 12 month low of $143.30 and a 12 month high of $239.00. The company has a market cap of $75.24 billion, a PE ratio of 71.31, a price-to-earnings-growth ratio of 1.47 and a beta of 1.98. The company has a 50 day simple moving average of $189.17 and a two-hundred day simple moving average of $181.91.

DoorDash (NASDAQ:DASH) last released its quarterly earnings results on Thursday, October 29th. The company reported $1.06 earnings per share for the quarter, beating the consensus estimate of $0.81 by $0.25. The firm had revenue of $4.62 billion for the quarter, compared to analysts’ expectations of $4.56 billion. DoorDash had a return on equity of 10.40% and a net margin of 6.23%. The company’s revenue was up 34.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.55 EPS. Research analysts forecast that DoorDash, Inc. will post 2.69 earnings per share for the current year.

Key Headlines Impacting DoorDash

Here are a few of the latest headlines about DASH:

• Positive Sentiment: Canadians spent billions on DoorDash last year, pointing to substantial demand for its delivery platform. Article: Canadians spent billions on DoorDash
• Negative Sentiment: Amazon is offering Prime members free Uber Eats delivery, intensifying competition for orders and customers. Coverage linked the deal to recent weakness in DoorDash shares. Article: DoorDash Sinks 10% in a Week as Amazon Gives Prime Members Free Uber Eats Delivery
• Negative Sentiment: A separate analysis argued DoorDash looks overvalued after a strong three-year run, raising concern that the stock’s valuation may leave less room for upside. Article: DoorDash Stock Looks Overvalued

DoorDash Profile

DoorDash, Inc. operates a local commerce platform that connects consumers with restaurants and other merchants, as well as with independent delivery workers. Through its app and website, customers can order restaurant meals, groceries, convenience items and products from other local retailers for delivery or pickup. The company also provides services for merchants, including tools for online ordering, marketing and fulfillment. Its offerings include DoorDash Drive, which provides delivery logistics for merchants’ own orders, and DashPass, a subscription program for eligible orders.