DoorDash, Inc. (NASDAQ:DASH) Shares Bought by RFG Advisory LLC

RFG Advisory LLC lifted its position in shares of DoorDash, Inc. (NASDAQ:DASH) by 45.4% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 6,913 shares of the company’s stock after buying an additional 2,159 shares during the quarter. RFG Advisory LLC’s holdings in DoorDash were worth $1,263,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. increased its holdings in DoorDash by 1.0% during the 4th quarter. Vanguard Group Inc. now owns 31,323,404 shares of the company’s stock valued at $5,254,501,000 after acquiring an additional 317,502 shares in the last quarter. Capital World Investors lifted its holdings in shares of DoorDash by 26.4% in the fourth 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 in the last quarter. Franklin Resources Inc. grew its position in shares of DoorDash by 25.0% in the fourth 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 last quarter. Arrowstreet Capital Limited Partnership increased its stake in shares of DoorDash by 67.1% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 4,654,891 shares of the company’s stock worth $780,858,000 after purchasing an additional 1,869,866 shares in the last quarter. Finally, Geode Capital Management LLC increased its stake in shares of DoorDash by 1.9% during the 4th quarter. Geode Capital Management LLC now owns 4,558,821 shares of the company’s stock worth $763,198,000 after purchasing an additional 86,667 shares in the last quarter. Institutional investors and hedge funds own 90.64% of the company’s stock.

Analysts Set New Price Targets

DASH has been the topic of a number of recent research reports. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $210.00 target price on shares of DoorDash in a research note on Wednesday, May 7th. UBS Group cut their price target on DoorDash from $197.00 to $196.00 and set a “neutral” rating for the company in a report on Wednesday, May 7th. Susquehanna upped their price objective on DoorDash from $180.00 to $235.00 and gave the company a “positive” rating in a research report on Thursday, February 13th. DA Davidson lifted their price objective on DoorDash from $150.00 to $190.00 and gave the stock a “neutral” rating in a research report on Tuesday, May 6th. Finally, Wells Fargo & Company cut their target price 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, May 7th. Eleven research analysts have rated the stock with a hold rating and twenty-four have assigned a buy rating to the company’s stock. According to MarketBeat.com, DoorDash currently has a consensus rating of “Moderate Buy” and an average price target of $209.97.

Insider Activity at DoorDash

In related news, COO Prabir Adarkar sold 20,000 shares of DoorDash stock in a transaction on Thursday, April 24th. The shares were sold at an average price of $184.85, for a total transaction of $3,697,000.00. Following the transaction, the chief operating officer now owns 887,348 shares in the company, valued at approximately $164,026,277.80. The trade was a 2.20% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Stanley Tang sold 45,231 shares of the 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 now owns 26,070 shares of the company’s stock, valued at approximately $5,510,155.20. This represents a 63.44% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 268,030 shares of company stock worth $52,907,806. Company insiders own 5.83% of the company’s stock.

DoorDash Trading Down 2.0%

DASH stock opened at $215.84 on Friday. The company has a market cap of $91.46 billion, a PE ratio of 799.41 and a beta of 1.67. The stock has a 50-day moving average price of $191.24 and a two-hundred day moving average price of $186.08. DoorDash, Inc. has a 12-month low of $99.32 and a 12-month high of $220.64.

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

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.