2,419 Shares in DoorDash, Inc. (NASDAQ:DASH) Acquired by Ground Swell Capital LLC

Ground Swell Capital LLC purchased a new stake in DoorDash, Inc. (NASDAQ:DASH) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 2,419 shares of the company’s stock, valued at approximately $406,000. DoorDash accounts for approximately 0.6% of Ground Swell Capital LLC’s holdings, making the stock its 25th largest holding.

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

Insider Activity

In related news, General Counsel Tia Sherringham sold 12,088 shares of DoorDash stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $203.45, for a total transaction of $2,459,303.60. Following the completion of the sale, the general counsel now owns 122,135 shares in the company, valued at approximately $24,848,365.75. This trade represents a 9.01 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Andy Fang sold 1,398 shares of the business’s stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $203.45, for a total transaction 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 position. The disclosure for this sale can be found here. Insiders sold 158,573 shares of company stock worth $30,407,073 in the last 90 days. 7.92% of the stock is currently owned by corporate insiders.

DoorDash Stock Up 0.3 %

Shares of 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 company has a 50-day moving average price of $184.61 and a 200 day moving average price of $180.63. The company has a market cap of $77.11 billion, a P/E ratio of 679.85 and a beta of 1.68.

DoorDash (NASDAQ:DASH) last posted its quarterly earnings results on Tuesday, May 6th. The company reported $0.44 earnings per share for the quarter, beating analysts’ consensus estimates of $0.39 by $0.05. The firm had revenue of $3.03 billion for the quarter, compared to the consensus estimate of $3.10 billion. DoorDash had a return on equity of 1.67% and a net margin of 1.15%. The company’s revenue for the quarter 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. Analysts expect that DoorDash, Inc. will post 2.22 EPS for the current year.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the stock. Wells Fargo & Company decreased their price target on shares of DoorDash from $201.00 to $198.00 and set an “equal weight” rating for the company in a research note on Wednesday. Evercore ISI reiterated an “outperform” rating on shares of DoorDash in a research note on Monday, March 10th. The Goldman Sachs Group raised their price target on DoorDash from $192.00 to $212.00 and gave the company a “neutral” rating in a research note on Wednesday, February 12th. DA Davidson upped their price objective on DoorDash from $150.00 to $190.00 and gave the stock a “neutral” rating in a research report on Tuesday. Finally, Royal Bank of Canada reissued an “outperform” rating and set a $230.00 target price on shares of DoorDash in a research report on Wednesday. Ten investment analysts have rated the stock with a hold rating and twenty-four have assigned a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $209.97.

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.