Retireful LLC Acquires 5,275 Shares of DoorDash, Inc. (NASDAQ:DASH)

Retireful LLC boosted its stake in shares of DoorDash, Inc. (NASDAQ:DASH) by 121.4% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 9,621 shares of the company’s stock after buying an additional 5,275 shares during the quarter. Retireful LLC’s holdings in DoorDash were worth $1,614,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the stock. Rakuten Securities Inc. boosted its stake in DoorDash by 302.3% in the third quarter. Rakuten Securities Inc. now owns 173 shares of the company’s stock valued at $25,000 after acquiring an additional 130 shares during the last quarter. ORG Wealth Partners LLC bought a new stake in shares of DoorDash in the 4th quarter worth approximately $36,000. Quest Partners LLC lifted its stake in 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 purchasing an additional 204 shares during the last quarter. Hollencrest Capital Management bought a new position in DoorDash during the third quarter valued at $54,000. Finally, Quarry LP bought a new position in DoorDash during the second quarter valued at $60,000. Hedge funds and other institutional investors own 90.64% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on DASH. KeyCorp upped their price target on DoorDash from $180.00 to $225.00 and gave the company an “overweight” rating in a research report on Thursday, January 9th. Raymond James assumed coverage on shares of DoorDash in a report on Tuesday, September 24th. They set an “outperform” rating and a $155.00 price objective on the stock. 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 research note on Thursday, October 31st. Citigroup upped their price target on shares of DoorDash from $155.00 to $211.00 and gave the company a “buy” rating in a research note on Wednesday, November 27th. Finally, Wells Fargo & Company lifted their price objective on shares of DoorDash from $150.00 to $166.00 and gave the company an “equal weight” rating in a research note on Thursday. Nine equities research analysts have rated the stock with a hold rating and twenty-five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $175.97.

DoorDash Trading Down 0.2 %

Shares of DoorDash stock opened at $170.85 on Friday. The business’s 50-day moving average price is $173.54 and its 200-day moving average price is $145.09. The firm has a market capitalization of $70.97 billion, a PE ratio of -379.67, a price-to-earnings-growth ratio of 1.77 and a beta of 1.71. DoorDash, Inc. has a 12 month low of $99.32 and a 12 month high of $181.78.

DoorDash (NASDAQ:DASH) last posted its quarterly earnings results on Wednesday, October 30th. The company reported $0.38 EPS for the quarter, topping the consensus estimate 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 the consensus estimate of $2.66 billion. During the same period last year, the firm posted ($0.19) earnings per share. The business’s revenue was up 25.0% compared to the same quarter last year. As a group, analysts predict that DoorDash, Inc. will post 0.26 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, CEO Tony Xu sold 108,334 shares of the stock in a transaction that occurred on Tuesday, November 26th. The stock was sold at an average price of $180.07, for a total transaction of $19,507,703.38. Following the completion of the sale, the chief executive officer now owns 1,500 shares of the company’s stock, valued at approximately $270,105. This represents a 98.63 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Andy Fang sold 50,000 shares of the firm’s stock in a transaction that occurred on Monday, January 13th. The stock was sold at an average price of $168.32, for a total transaction of $8,416,000.00. Following the completion of the transaction, the director now owns 16,176 shares in the company, valued at $2,722,744.32. This represents a 75.56 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 1,019,333 shares of company stock worth $177,556,541 in the last 90 days. 7.92% of the stock is owned by company insiders.

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.