Simplicity Solutions LLC Purchases 431 Shares of DoorDash, Inc. (NASDAQ:DASH)

Simplicity Solutions LLC increased its position in DoorDash, Inc. (NASDAQ:DASH) by 9.9% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 4,806 shares of the company’s stock after acquiring an additional 431 shares during the period. Simplicity Solutions LLC’s holdings in DoorDash were worth $475,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of DASH. Norges Bank bought a new stake in shares of DoorDash in the fourth quarter worth $132,721,000. Vanguard Group Inc. grew its holdings in DoorDash by 18.8% during the first quarter. Vanguard Group Inc. now owns 12,862,889 shares of the company’s stock valued at $1,507,402,000 after purchasing an additional 2,032,637 shares during the period. Amundi grew its holdings in DoorDash by 1,801.6% during the fourth quarter. Amundi now owns 1,797,416 shares of the company’s stock valued at $93,106,000 after purchasing an additional 1,702,894 shares during the period. State Street Corp grew its holdings in DoorDash by 49.4% during the second quarter. State Street Corp now owns 4,358,288 shares of the company’s stock valued at $279,671,000 after purchasing an additional 1,441,028 shares during the period. Finally, Morgan Stanley grew its holdings in DoorDash by 5.0% during the fourth quarter. Morgan Stanley now owns 29,086,197 shares of the company’s stock valued at $1,419,988,000 after purchasing an additional 1,384,006 shares during the period. Institutional investors own 90.64% of the company’s stock.

Analyst Upgrades and Downgrades

DASH has been the subject of several recent research reports. The Goldman Sachs Group boosted their price target on DoorDash from $109.00 to $122.00 and gave the company a “neutral” rating in a report on Friday, February 16th. Susquehanna boosted their price target on DoorDash from $110.00 to $135.00 and gave the company a “positive” rating in a report on Tuesday, February 20th. Oppenheimer boosted their price target on DoorDash from $110.00 to $140.00 and gave the company an “outperform” rating in a report on Friday, February 16th. Royal Bank of Canada upgraded DoorDash from a “sector perform” rating to an “outperform” rating and boosted their price objective for the company from $130.00 to $175.00 in a research report on Monday, March 4th. Finally, UBS Group lowered their price objective on DoorDash from $123.00 to $118.00 and set a “neutral” rating on the stock in a research report on Friday, February 16th. Nine analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. According to MarketBeat.com, DoorDash currently has an average rating of “Moderate Buy” and a consensus price target of $128.88.

Insiders Place Their Bets

In other DoorDash news, Director Shona L. Brown sold 700 shares of the business’s stock in a transaction that occurred on Tuesday, February 6th. The stock was sold at an average price of $109.71, for a total transaction of $76,797.00. Following the sale, the director now directly owns 71,514 shares of the company’s stock, valued at $7,845,800.94. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, Director Shona L. Brown sold 700 shares of the company’s stock in a transaction that occurred on Tuesday, February 6th. The stock was sold at an average price of $109.71, for a total transaction of $76,797.00. Following the transaction, the director now owns 71,514 shares of the company’s stock, valued at $7,845,800.94. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CAO Gordon S. Lee sold 1,000 shares of the company’s stock in a transaction that occurred on Friday, March 1st. The shares were sold at an average price of $124.50, for a total value of $124,500.00. Following the transaction, the chief accounting officer now directly owns 92,207 shares in the company, valued at approximately $11,479,771.50. The disclosure for this sale can be found here. Insiders have sold 497,282 shares of company stock valued at $64,885,042 over the last ninety days. 9.59% of the stock is owned by insiders.

DoorDash Price Performance

Shares of NASDAQ DASH opened at $130.10 on Friday. The business’s 50 day moving average is $130.22 and its two-hundred day moving average is $106.42. DoorDash, Inc. has a 1-year low of $56.59 and a 1-year high of $143.34. The stock has a market capitalization of $52.56 billion, a P/E ratio of -90.98, a PEG ratio of 15.69 and a beta of 1.79.

DoorDash (NASDAQ:DASH) last issued its quarterly earnings data on Thursday, February 15th. The company reported ($0.39) earnings per share for the quarter, missing the consensus estimate of ($0.15) by ($0.24). DoorDash had a negative return on equity of 8.49% and a negative net margin of 6.46%. The company had revenue of $2.30 billion for the quarter, compared to the consensus estimate of $2.25 billion. During the same period in the previous year, the firm earned ($0.63) earnings per share. The company’s revenue was up 26.7% compared to the same quarter last year. As a group, equities research analysts anticipate that DoorDash, Inc. will post 0.2 earnings per share for the current fiscal year.

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.