Commonwealth Equity Services LLC Sells 6,199 Shares of DoorDash, Inc. $DASH

Commonwealth Equity Services LLC decreased its position in DoorDash, Inc. (NASDAQ:DASH) by 17.5% during the 4th quarter, HoldingsChannel reports. The fund owned 29,220 shares of the company’s stock after selling 6,199 shares during the quarter. Commonwealth Equity Services LLC’s holdings in DoorDash were worth $6,618,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Eastern Bank lifted its stake in DoorDash by 714.3% in the 4th quarter. Eastern Bank now owns 114 shares of the company’s stock valued at $26,000 after acquiring an additional 100 shares in the last quarter. Swiss RE Ltd. bought a new stake in shares of DoorDash during the 4th quarter worth approximately $28,000. ST Germain D J Co. Inc. bought a new stake in shares of DoorDash during the 4th quarter worth approximately $29,000. Sunbelt Securities Inc. raised its stake in shares of DoorDash by 124.1% during the 3rd quarter. Sunbelt Securities Inc. now owns 121 shares of the company’s stock worth $33,000 after purchasing an additional 67 shares in the last quarter. Finally, Morse Asset Management Inc bought a new stake in shares of DoorDash during the 3rd quarter worth approximately $36,000. Institutional investors own 90.64% of the company’s stock.

DoorDash Stock Down 2.0%

DASH stock opened at $156.80 on Friday. The company has a current ratio of 1.43, a quick ratio of 1.43 and a debt-to-equity ratio of 0.27. The firm has a market capitalization of $68.32 billion, a PE ratio of 74.67 and a beta of 1.83. DoorDash, Inc. has a 1-year low of $143.30 and a 1-year high of $285.50. The business’s 50 day simple moving average is $162.40 and its 200 day simple moving average is $185.84.

DoorDash (NASDAQ:DASH) last posted its earnings results on Wednesday, May 6th. The company reported $0.42 earnings per share for the quarter, topping analysts’ consensus estimates of $0.36 by $0.06. The business had revenue of $4.04 billion for the quarter, compared to analyst estimates of $4.15 billion. DoorDash had a return on equity of 9.58% and a net margin of 6.29%.The firm’s revenue was up 33.1% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.44 EPS. As a group, research analysts anticipate that DoorDash, Inc. will post 2.45 EPS for the current year.

Insider Buying and Selling at DoorDash

In other DoorDash news, insider Keith Yandell sold 2,643 shares of the company’s stock in a transaction on Tuesday, May 26th. The stock was sold at an average price of $155.34, for a total value of $410,563.62. Following the transaction, the insider directly owned 81,106 shares of the company’s stock, valued at $12,599,006.04. This represents a 3.16% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Stanley Tang sold 21,433 shares of the company’s stock in a transaction on Thursday, April 2nd. The shares were sold at an average price of $150.00, for a total value of $3,214,950.00. Following the completion of the transaction, the director directly owned 19,279 shares in the company, valued at approximately $2,891,850. This represents a 52.65% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 69,808 shares of company stock worth $11,135,403 in the last three months. 5.83% of the stock is owned by insiders.

Analysts Set New Price Targets

DASH has been the topic of a number of analyst reports. Needham & Company LLC reiterated a “buy” rating and set a $265.00 price objective on shares of DoorDash in a research note on Thursday, May 7th. Barclays dropped their price objective on DoorDash from $238.00 to $220.00 and set an “equal weight” rating on the stock in a research note on Thursday, February 19th. Guggenheim dropped their price objective on DoorDash from $275.00 to $255.00 and set a “buy” rating on the stock in a research note on Thursday, February 19th. Moffett Nathanson set a $276.00 price objective on DoorDash in a research note on Wednesday, April 15th. Finally, Piper Sandler dropped their price objective on DoorDash from $220.00 to $205.00 and set a “neutral” rating on the stock in a research note on Thursday, May 7th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-five have issued a Buy rating and nine have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, DoorDash presently has an average rating of “Moderate Buy” and a consensus target price of $259.58.

DoorDash Company Profile

DoorDash, Inc operates a technology-driven logistics and food-delivery marketplace that connects consumers, merchants and independent delivery contractors. The company’s core service enables customers to order from local restaurants and retailers through its app and website while DoorDash handles last-mile fulfillment via its network of drivers, known as “Dashers.” Over time the platform has broadened beyond restaurant deliveries to include groceries, convenience items and retail deliveries, positioning DoorDash as a broader on-demand logistics provider for consumer goods.

In addition to its marketplace, DoorDash offers a suite of products and services for consumers and businesses.