Moss Adams Wealth Advisors LLC Invests $218,000 in DoorDash, Inc. (NASDAQ:DASH)

Moss Adams Wealth Advisors LLC bought a new position in shares of DoorDash, Inc. (NASDAQ:DASH) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 1,302 shares of the company’s stock, valued at approximately $218,000.

Several other hedge funds have also recently made changes to their positions in the company. Asset Management One Co. Ltd. increased its holdings in DoorDash by 10.6% in the 3rd quarter. Asset Management One Co. Ltd. now owns 112,181 shares of the company’s stock worth $16,012,000 after buying an additional 10,755 shares during the period. Marshall Wace LLP increased its holdings in DoorDash by 930.5% in the second quarter. Marshall Wace LLP now owns 675,988 shares of the company’s stock valued at $73,534,000 after buying an additional 610,388 shares in the last quarter. Forsta AP Fonden raised its holdings in DoorDash by 18.6% in the 3rd quarter. Forsta AP Fonden now owns 64,500 shares of the company’s stock worth $9,206,000 after purchasing an additional 10,100 shares during the period. Sanctuary Advisors LLC lifted its position in shares of DoorDash by 48.8% during the 3rd quarter. Sanctuary Advisors LLC now owns 10,663 shares of the company’s stock valued at $1,522,000 after buying an additional 3,498 shares in the last quarter. Finally, Baillie Gifford & Co. lifted its holdings in DoorDash by 13.2% during the third quarter. Baillie Gifford & Co. now owns 14,142,674 shares of the company’s stock valued at $2,018,584,000 after purchasing an additional 1,645,186 shares in the last quarter. 90.64% of the stock is owned by institutional investors and hedge funds.

DoorDash Price Performance

NASDAQ DASH opened at $174.48 on Monday. The company has a fifty day moving average of $173.60 and a two-hundred day moving average of $146.26. DoorDash, Inc. has a 1 year low of $99.32 and a 1 year high of $181.78. The company has a market capitalization of $72.48 billion, a PE ratio of -387.73, a P/E/G ratio of 1.77 and a beta of 1.71.

DoorDash (NASDAQ:DASH) last released its quarterly earnings results on Wednesday, October 30th. The company reported $0.38 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.21 by $0.17. The firm had revenue of $2.71 billion for the quarter, compared to the consensus estimate of $2.66 billion. DoorDash had a negative return on equity of 2.41% and a negative net margin of 1.69%. The firm’s quarterly revenue was up 25.0% compared to the same quarter last year. During the same quarter last year, the business posted ($0.19) EPS. On average, research analysts expect that DoorDash, Inc. will post 0.26 earnings per share for the current year.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the company. Royal Bank of Canada raised their target price on DoorDash from $175.00 to $215.00 and gave the company an “outperform” rating in a research report on Friday, December 6th. Loop Capital upped their target price on DoorDash from $170.00 to $200.00 and gave the company a “buy” rating in a report on Tuesday, November 12th. UBS Group upped their price objective on shares of DoorDash from $143.00 to $160.00 and gave the company a “neutral” rating in a report on Friday, October 18th. JPMorgan Chase & Co. boosted their target price on shares of DoorDash from $137.00 to $155.00 and gave the company a “neutral” rating in a report on Thursday, October 31st. Finally, Needham & Company LLC raised their price target on shares of DoorDash from $145.00 to $180.00 and gave the stock a “buy” rating in a report on Thursday, October 31st. Nine analysts have rated the stock with a hold rating and twenty-five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $175.97.

Insider Activity at DoorDash

In related news, Director Andy Fang sold 50,000 shares of DoorDash stock in a transaction on Monday, January 13th. The shares were sold at an average price of $168.32, for a total value of $8,416,000.00. Following the transaction, the director now directly owns 16,176 shares in the company, valued at $2,722,744.32. This trade represents a 75.56 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Tony Xu sold 108,332 shares of the firm’s stock in a transaction on Friday, November 15th. The stock was sold at an average price of $170.25, for a total transaction of $18,443,523.00. Following the completion of the sale, the chief executive officer now owns 1,500 shares of the company’s stock, valued at $255,375. This trade represents a 98.63 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 1,019,333 shares of company stock worth $177,556,541 in the last 90 days. 7.92% of the stock is owned by insiders.

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.