Ethic Inc. Boosts Stake in DoorDash, Inc. (NASDAQ:DASH)

Ethic Inc. raised its holdings in shares of DoorDash, Inc. (NASDAQ:DASH) by 1.2% in the 4th quarter, Holdings Channel reports. The institutional investor owned 34,997 shares of the company’s stock after purchasing an additional 421 shares during the quarter. Ethic Inc.’s holdings in DoorDash were worth $5,871,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of the business. GeoWealth Management LLC boosted its stake in shares of DoorDash by 3.7% during the fourth quarter. GeoWealth Management LLC now owns 1,428 shares of the company’s stock valued at $240,000 after purchasing an additional 51 shares in the last quarter. IFP Advisors Inc lifted its holdings in DoorDash by 31.8% during the fourth quarter. IFP Advisors Inc now owns 224 shares of the company’s stock worth $37,000 after buying an additional 54 shares during the period. MassMutual Private Wealth & Trust FSB boosted its position in DoorDash by 34.0% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 272 shares of the company’s stock valued at $46,000 after acquiring an additional 69 shares in the last quarter. Avestar Capital LLC increased its holdings in shares of DoorDash by 1.1% in the 4th quarter. Avestar Capital LLC now owns 6,618 shares of the company’s stock valued at $1,110,000 after acquiring an additional 75 shares during the period. Finally, Wealth Enhancement Advisory Services LLC raised its position in shares of DoorDash by 0.7% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 11,744 shares of the company’s stock worth $1,970,000 after acquiring an additional 84 shares in the last quarter. Institutional investors own 90.64% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on DASH shares. Truist Financial raised their price objective on DoorDash from $217.00 to $235.00 and gave the company a “buy” rating in a research report on Wednesday, February 12th. Susquehanna raised their price target on shares of DoorDash from $180.00 to $235.00 and gave the company a “positive” rating in a report on Thursday, February 13th. Mizuho boosted their price objective on shares of DoorDash from $200.00 to $222.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 12th. Barclays raised their target price on shares of DoorDash from $163.00 to $200.00 and gave the company an “equal weight” rating in a research note on Thursday, February 13th. Finally, KeyCorp reduced their price target on DoorDash from $240.00 to $230.00 and set an “overweight” rating on the stock in a research report on Tuesday, April 15th. Ten analysts have rated the stock with a hold rating and twenty-four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $209.97.

DoorDash Stock Up 0.3 %

NASDAQ:DASH opened at $183.56 on Friday. DoorDash, Inc. has a 52 week low of $99.32 and a 52 week high of $215.25. The stock’s 50-day moving average price is $184.61 and its 200-day moving average price is $180.63. The stock has a market capitalization of $77.11 billion, a PE ratio of 679.85 and a beta of 1.68.

DoorDash (NASDAQ:DASH) last posted its quarterly earnings data on Tuesday, May 6th. The company reported $0.44 EPS for the quarter, beating analysts’ consensus estimates of $0.39 by $0.05. The business had revenue of $3.03 billion during the quarter, compared to analysts’ expectations of $3.10 billion. DoorDash had a return on equity of 1.67% and a net margin of 1.15%. The business’s revenue was up 20.7% compared to the same quarter last year. During the same period in the previous year, the business earned ($0.06) earnings per share. Sell-side analysts expect that DoorDash, Inc. will post 2.22 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, Director Stanley Tang sold 45,410 shares of the business’s stock in a transaction that occurred on Tuesday, April 1st. The stock was sold at an average price of $181.21, for a total transaction of $8,228,746.10. Following the completion of the sale, the director now directly owns 18,285 shares in the company, valued at approximately $3,313,424.85. The trade was a 71.29 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Andy Fang sold 1,398 shares of the stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $203.45, for a total value of $284,423.10. Following the completion of the transaction, the director now directly owns 14,778 shares of the company’s stock, valued at approximately $3,006,584.10. This represents a 8.64 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 158,573 shares of company stock valued at $30,407,073. 7.92% of the stock is owned by corporate insiders.

DoorDash 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.