Private Trust Co. NA Purchases 204 Shares of DoorDash, Inc. $DASH

Private Trust Co. NA raised its position in shares of DoorDash, Inc. (NASDAQ:DASH) by 183.8% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 315 shares of the company’s stock after purchasing an additional 204 shares during the period. Private Trust Co. NA’s holdings in DoorDash were worth $78,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. Saudi Central Bank bought a new position in DoorDash during the first quarter valued at $25,000. WPG Advisers LLC bought a new position in DoorDash during the first quarter valued at $26,000. Pacific Center for Financial Services bought a new position in DoorDash during the first quarter valued at $27,000. GFG Capital LLC bought a new position in DoorDash during the second quarter valued at $30,000. Finally, Harbour Investments Inc. grew its holdings in DoorDash by 55.6% during the first quarter. Harbour Investments Inc. now owns 196 shares of the company’s stock valued at $36,000 after purchasing an additional 70 shares during the period. 90.64% of the stock is owned by institutional investors.

Insider Buying and Selling at DoorDash

In other DoorDash news, CFO Ravi Inukonda sold 1,425 shares of the firm’s stock in a transaction dated Monday, October 20th. The stock was sold at an average price of $263.86, for a total transaction of $376,000.50. Following the sale, the chief financial officer owned 214,147 shares in the company, valued at $56,504,827.42. This trade represents a 0.66% 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 Shona L. Brown sold 1,250 shares of the firm’s stock in a transaction dated Thursday, October 9th. The shares were sold at an average price of $277.47, for a total value of $346,837.50. Following the sale, the director owned 37,252 shares in the company, valued at $10,336,312.44. The trade was a 3.25% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 932,156 shares of company stock valued at $233,565,302. 5.83% of the stock is currently owned by company insiders.

DoorDash Trading Up 0.9%

NASDAQ DASH opened at $254.59 on Friday. The stock’s 50-day simple moving average is $259.55 and its two-hundred day simple moving average is $231.93. DoorDash, Inc. has a twelve month low of $151.26 and a twelve month high of $285.50. The company has a quick ratio of 2.07, a current ratio of 2.07 and a debt-to-equity ratio of 0.30. The company has a market capitalization of $108.76 billion, a price-to-earnings ratio of 141.44 and a beta of 1.71.

DoorDash (NASDAQ:DASH) last released its quarterly earnings results on Wednesday, August 6th. The company reported $0.65 earnings per share for the quarter, beating analysts’ consensus estimates of $0.42 by $0.23. DoorDash had a return on equity of 9.56% and a net margin of 6.57%.The business had revenue of $3.28 billion for the quarter, compared to the consensus estimate of $3.16 billion. During the same quarter last year, the business posted ($0.38) earnings per share. The company’s revenue for the quarter was up 24.9% on a year-over-year basis. Research analysts forecast that DoorDash, Inc. will post 2.22 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on DASH. Evercore ISI reissued an “outperform” rating and set a $360.00 price objective (up from $240.00) on shares of DoorDash in a report on Friday, August 8th. Raymond James Financial reaffirmed a “strong-buy” rating and issued a $325.00 price target (up from $275.00) on shares of DoorDash in a report on Thursday, August 7th. Jefferies Financial Group raised their price target on DoorDash from $265.00 to $280.00 and gave the stock a “hold” rating in a report on Friday, October 17th. Mizuho set a $350.00 price target on DoorDash and gave the stock an “outperform” rating in a report on Monday, September 29th. Finally, Truist Financial raised their price target on DoorDash from $326.00 to $340.00 and gave the stock a “buy” rating in a report on Thursday. Four analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and twelve have issued a Hold 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 $285.68.

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.