DoorDash, Inc. (NASDAQ:DASH) Shares Purchased by Franklin Street Advisors Inc. NC

Franklin Street Advisors Inc. NC raised its position in shares of DoorDash, Inc. (NASDAQ:DASH) by 7,715.3% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 138,721 shares of the company’s stock after buying an additional 136,946 shares during the quarter. DoorDash comprises 1.8% of Franklin Street Advisors Inc. NC’s portfolio, making the stock its 18th largest position. Franklin Street Advisors Inc. NC’s holdings in DoorDash were worth $25,354,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Pittenger & Anderson Inc. acquired a new stake in DoorDash during the fourth quarter valued at approximately $29,000. Denver PWM LLC bought a new position in shares of DoorDash during the fourth quarter valued at approximately $30,000. IFP Advisors Inc grew its holdings in shares of DoorDash by 31.8% during the fourth quarter. IFP Advisors Inc now owns 224 shares of the company’s stock valued at $37,000 after purchasing an additional 54 shares during the last quarter. Rothschild Investment LLC grew its holdings in shares of DoorDash by 1,452.9% during the first quarter. Rothschild Investment LLC now owns 264 shares of the company’s stock valued at $48,000 after purchasing an additional 247 shares during the last quarter. Finally, Newbridge Financial Services Group Inc. bought a new position in shares of DoorDash during the fourth quarter valued at approximately $59,000. Institutional investors and hedge funds own 90.64% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the company. Susquehanna upped their target price on DoorDash from $180.00 to $235.00 and gave the company a “positive” rating in a report on Thursday, February 13th. Wall Street Zen raised DoorDash from a “hold” rating to a “buy” rating in a report on Saturday. Bank of America lowered their target price on DoorDash from $245.00 to $235.00 and set a “buy” rating for the company in a report on Monday, April 7th. Truist Financial upped their target price on DoorDash from $217.00 to $235.00 and gave the company a “buy” rating in a report on Wednesday, February 12th. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and set a $230.00 target price on shares of DoorDash in a report on Wednesday, May 7th. Ten investment analysts have rated the stock with a hold rating and twenty-five have given 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 an average price target of $209.62.

Insider Activity

In other news, Director Andy Fang sold 30,000 shares of the stock in a transaction on Thursday, June 5th. The stock was sold at an average price of $217.52, for a total value of $6,525,600.00. Following the completion of the sale, the director now owns 22,545 shares in the company, valued at $4,903,988.40. This represents a 57.09% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Ravi Inukonda sold 1,425 shares of the stock in a transaction on Friday, April 25th. The shares were sold at an average price of $187.22, for a total value of $266,788.50. Following the completion of the sale, the chief financial officer now owns 337,430 shares of the company’s stock, valued at $63,173,644.60. The trade was a 0.42% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 298,030 shares of company stock worth $59,433,406. Insiders own 5.83% of the company’s stock.

DoorDash Stock Performance

Shares of NASDAQ:DASH opened at $214.97 on Wednesday. DoorDash, Inc. has a one year low of $99.32 and a one year high of $220.88. The stock has a fifty day moving average of $193.35 and a 200-day moving average of $187.04. The company has a market capitalization of $91.09 billion, a PE ratio of 796.19 and a beta of 1.67.

DoorDash (NASDAQ:DASH) last announced 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. DoorDash had a return on equity of 1.67% and a net margin of 1.15%. The company had revenue of $3.03 billion during the quarter, compared to the consensus estimate of $3.10 billion. During the same quarter in the prior year, the firm earned ($0.06) EPS. The company’s quarterly revenue was up 20.7% compared to the same quarter last year. As a group, research analysts forecast that DoorDash, Inc. will post 2.22 EPS for the current fiscal year.

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.