DoorDash, Inc. (NASDAQ:DASH) Stake Boosted by Blue Trust Inc.

Blue Trust Inc. increased its position in shares of DoorDash, Inc. (NASDAQ:DASH) by 37.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,250 shares of the company’s stock after acquiring an additional 877 shares during the period. Blue Trust Inc.’s holdings in DoorDash were worth $545,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. Rakuten Securities Inc. lifted its holdings in shares of DoorDash by 302.3% during the 3rd quarter. Rakuten Securities Inc. now owns 173 shares of the company’s stock valued at $25,000 after buying an additional 130 shares during the last quarter. ORG Wealth Partners LLC acquired a new stake in shares of DoorDash in the 4th quarter valued at $36,000. MassMutual Private Wealth & Trust FSB boosted its holdings in DoorDash by 34.0% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 272 shares of the company’s stock worth $46,000 after purchasing an additional 69 shares in the last quarter. Hollencrest Capital Management acquired a new position in DoorDash during the third quarter worth $54,000. Finally, Quarry LP bought a new position in DoorDash during the second quarter valued at about $60,000. Hedge funds and other institutional investors own 90.64% of the company’s stock.

DoorDash Stock Performance

Shares of NASDAQ:DASH opened at $188.57 on Friday. The business has a fifty day moving average of $175.06 and a 200-day moving average of $150.38. DoorDash, Inc. has a twelve month low of $99.32 and a twelve month high of $189.23. The firm has a market cap of $78.33 billion, a PE ratio of -419.04, a price-to-earnings-growth ratio of 1.85 and a beta of 1.71.

DoorDash (NASDAQ:DASH) last announced its earnings results on Wednesday, October 30th. The company reported $0.38 earnings per share for the quarter, topping 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 company had revenue of $2.71 billion during the quarter, compared to the consensus estimate of $2.66 billion. During the same period in the previous year, the firm posted ($0.19) earnings per share. The company’s revenue was up 25.0% on a year-over-year basis. On average, analysts anticipate that DoorDash, Inc. will post 0.29 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts have recently commented on DASH shares. Benchmark increased their price objective on DoorDash from $152.00 to $173.00 and gave the company a “buy” rating in a report on Thursday, October 17th. Needham & Company LLC lifted 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. The Goldman Sachs Group upped their price objective on shares of DoorDash from $161.00 to $192.00 and gave the stock a “neutral” rating in a report on Thursday, January 16th. Evercore ISI lifted their target price on shares of DoorDash from $155.00 to $200.00 and gave the stock an “outperform” rating in a report on Thursday, October 31st. Finally, Bank of America upped their price target on shares of DoorDash from $172.00 to $205.00 and gave the company a “buy” rating in a report on Thursday, January 23rd. Nine analysts have rated the stock with a hold rating and twenty-five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $178.18.

Insider Buying and Selling

In other DoorDash news, insider Keith Yandell sold 7,980 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 $1,356,440.40. Following the completion of the sale, the insider now directly owns 124,221 shares of the company’s stock, valued at approximately $21,115,085.58. The trade was a 6.04 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Tony Xu sold 108,332 shares of the firm’s stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $170.25, for a total transaction of $18,443,523.00. Following the completion of the transaction, the chief executive officer now directly owns 1,500 shares in the company, valued at $255,375. This trade represents a 98.63 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 1,040,758 shares of company stock worth $181,434,201 in the last quarter. Insiders own 7.92% of the company’s stock.

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.