Stratos Wealth Partners LTD. Has $303,000 Stake in DoorDash, Inc. $DASH

Stratos Wealth Partners LTD. reduced its holdings in DoorDash, Inc. (NASDAQ:DASH) by 19.2% during the 2nd quarter, Holdings Channel reports. The fund owned 1,230 shares of the company’s stock after selling 293 shares during the quarter. Stratos Wealth Partners LTD.’s holdings in DoorDash were worth $303,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. raised its position in DoorDash by 25.8% in the 1st quarter. Vanguard Group Inc. now owns 39,397,286 shares of the company’s stock valued at $7,200,642,000 after purchasing an additional 8,073,882 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its position in DoorDash by 15.0% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 4,907,970 shares of the company’s stock worth $897,031,000 after buying an additional 641,601 shares in the last quarter. Invesco Ltd. grew its holdings in DoorDash by 41.9% during the 1st quarter. Invesco Ltd. now owns 4,799,851 shares of the company’s stock worth $877,269,000 after acquiring an additional 1,416,194 shares during the last quarter. Northern Trust Corp increased its position in DoorDash by 38.2% in the 1st quarter. Northern Trust Corp now owns 3,309,237 shares of the company’s stock valued at $604,829,000 after acquiring an additional 915,512 shares in the last quarter. Finally, Goldman Sachs Group Inc. raised its stake in shares of DoorDash by 36.5% in the first quarter. Goldman Sachs Group Inc. now owns 3,151,986 shares of the company’s stock worth $576,089,000 after acquiring an additional 842,637 shares during the last quarter. 90.64% of the stock is owned by institutional investors and hedge funds.

DoorDash Stock Performance

DASH stock opened at $258.15 on Friday. DoorDash, Inc. has a twelve month low of $152.26 and a twelve month high of $285.50. The company has a quick ratio of 2.07, a current ratio of 2.07 and a debt-to-equity ratio of 0.30. The company has a market cap of $110.28 billion, a P/E ratio of 143.42 and a beta of 1.71. The business’s fifty day moving average is $259.75 and its 200-day moving average is $232.56.

DoorDash (NASDAQ:DASH) last announced its quarterly earnings data on Wednesday, August 6th. The company reported $0.65 EPS for the quarter, topping analysts’ consensus estimates of $0.42 by $0.23. DoorDash had a return on equity of 9.56% and a net margin of 6.57%.The business had revenue of $3.28 billion during the quarter, compared to analysts’ expectations of $3.16 billion. During the same period in the previous year, the firm earned ($0.38) earnings per share. The firm’s quarterly revenue was up 24.9% compared to the same quarter last year. Equities research analysts forecast that DoorDash, Inc. will post 2.22 EPS for the current year.

Insider Buying and Selling

In other DoorDash news, COO Prabir Adarkar sold 24,968 shares of the company’s stock in a transaction that occurred on Tuesday, October 14th. The shares were sold at an average price of $272.32, for a total value of $6,799,285.76. Following the completion of the sale, the chief operating officer owned 909,579 shares of the company’s stock, valued at approximately $247,696,553.28. This represents a 2.67% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Tony Xu sold 34,166 shares of the stock in a transaction on Wednesday, October 1st. The stock was sold at an average price of $268.24, for a total transaction of $9,164,687.84. Following the completion of the sale, the chief executive officer owned 520,450 shares in the company, valued at approximately $139,605,508. This trade represents a 6.16% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 932,156 shares of company stock worth $233,565,302 over the last quarter. Insiders own 5.83% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently commented on DASH shares. KeyCorp reissued an “overweight” rating and set a $325.00 price target (up from $295.00) on shares of DoorDash in a research note on Thursday, August 7th. Oppenheimer upped their price objective on DoorDash from $310.00 to $350.00 and gave the stock an “outperform” rating in a report on Thursday, October 16th. BTIG Research reissued a “buy” rating and issued a $315.00 target price on shares of DoorDash in a research note on Monday, October 20th. Guggenheim upgraded DoorDash to a “strong-buy” rating in a research report on Wednesday, October 15th. Finally, Wall Street Zen raised DoorDash from a “hold” rating to a “buy” rating in a research note on Saturday, October 11th. Four analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and twelve have assigned a Hold rating to the stock. Based on data from MarketBeat.com, DoorDash currently has a consensus rating of “Moderate Buy” and a consensus target price of $287.79.

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.