DoorDash, Inc. (NASDAQ:DASH) Shares Acquired by Aaron Wealth Advisors LLC

Aaron Wealth Advisors LLC raised its holdings in shares of DoorDash, Inc. (NASDAQ:DASH) by 21.2% in the 1st quarter, HoldingsChannel reports. The fund owned 2,939 shares of the company’s stock after buying an additional 514 shares during the quarter. Aaron Wealth Advisors LLC’s holdings in DoorDash were worth $537,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Norges Bank acquired a new stake in shares of DoorDash in the 4th quarter valued at about $597,443,000. Capital World Investors boosted its position in shares of DoorDash by 26.4% in the 4th quarter. Capital World Investors now owns 12,153,265 shares of the company’s stock valued at $2,038,712,000 after purchasing an additional 2,538,160 shares during the period. Arrowstreet Capital Limited Partnership boosted its position in shares of DoorDash by 67.1% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 4,654,891 shares of the company’s stock valued at $780,858,000 after purchasing an additional 1,869,866 shares during the period. Franklin Resources Inc. boosted its position in shares of DoorDash by 25.0% in the 4th quarter. Franklin Resources Inc. now owns 4,749,810 shares of the company’s stock valued at $796,781,000 after purchasing an additional 949,414 shares during the period. Finally, Raymond James Financial Inc. acquired a new stake in shares of DoorDash in the 4th quarter valued at about $146,094,000. 90.64% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on DASH. Citigroup reissued an “outperform” rating on shares of DoorDash in a research report on Thursday, June 12th. Wall Street Zen raised DoorDash from a “hold” rating to a “buy” rating in a research report on Saturday, June 7th. Raymond James Financial raised DoorDash from an “outperform” rating to a “strong-buy” rating and upped their target price for the company from $215.00 to $260.00 in a research report on Monday, June 23rd. Wedbush reaffirmed an “outperform” rating on shares of DoorDash in a research report on Wednesday, May 7th. Finally, Stifel Nicolaus set a $198.00 price objective on DoorDash and gave the stock a “hold” rating in a research report on Tuesday, June 10th. Ten equities research analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $219.32.

DoorDash Stock Performance

Shares of DASH stock opened at $238.80 on Thursday. The stock has a fifty day moving average price of $209.91 and a 200 day moving average price of $192.67. The stock has a market cap of $101.19 billion, a PE ratio of 310.13 and a beta of 1.70. DoorDash, Inc. has a 1 year low of $99.32 and a 1 year high of $248.74.

DoorDash (NASDAQ:DASH) last released its quarterly earnings results on Tuesday, May 6th. The company reported $0.44 earnings per share for the quarter, topping the consensus estimate of $0.39 by $0.05. The company had revenue of $3.03 billion during the quarter, compared to the consensus estimate of $3.10 billion. DoorDash had a return on equity of 4.39% and a net margin of 3.02%. DoorDash’s revenue was up 20.7% compared to the same quarter last year. During the same quarter last year, the business posted ($0.06) earnings per share. As a group, equities research analysts predict that DoorDash, Inc. will post 2.22 earnings per share for the current year.

Insider Activity at DoorDash

In other DoorDash news, CEO Tony Xu sold 44,244 shares of the firm’s stock in a transaction on Monday, June 16th. The stock was sold at an average price of $220.71, for a total transaction of $9,765,093.24. Following the completion of the transaction, the chief executive officer owned 520,450 shares of the company’s stock, valued at approximately $114,868,519.50. This trade represents a 7.84% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Stanley Tang sold 45,231 shares of DoorDash stock in a transaction on Monday, June 2nd. The shares were sold at an average price of $211.36, for a total value of $9,560,024.16. Following the completion of the sale, the director directly owned 26,070 shares of the company’s stock, valued at approximately $5,510,155.20. This represents a 63.44% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 318,142 shares of company stock valued at $67,890,920 in the last ninety days. 5.83% of the stock is owned by 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.