Leonteq Securities AG Takes Position in DoorDash, Inc. $DASH

Leonteq Securities AG purchased a new stake in DoorDash, Inc. (NASDAQ:DASH) during the fourth quarter, Holdings Channel reports. The fund purchased 3,846 shares of the company’s stock, valued at approximately $871,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Premier Path Wealth Partners LLC raised its stake in shares of DoorDash by 1.9% in the 3rd quarter. Premier Path Wealth Partners LLC now owns 2,414 shares of the company’s stock valued at $657,000 after acquiring an additional 45 shares during the period. Callan Family Office LLC raised its stake in shares of DoorDash by 0.8% in the 3rd quarter. Callan Family Office LLC now owns 6,123 shares of the company’s stock valued at $1,665,000 after acquiring an additional 51 shares during the period. Keel Point LLC raised its stake in shares of DoorDash by 4.3% in the 3rd quarter. Keel Point LLC now owns 1,393 shares of the company’s stock valued at $379,000 after acquiring an additional 58 shares during the period. Petra Financial Advisors Inc. raised its stake in shares of DoorDash by 2.2% in the 3rd quarter. Petra Financial Advisors Inc. now owns 2,764 shares of the company’s stock valued at $752,000 after acquiring an additional 59 shares during the period. Finally, Mission Wealth Management LP raised its stake in shares of DoorDash by 5.2% in the 3rd quarter. Mission Wealth Management LP now owns 1,241 shares of the company’s stock valued at $338,000 after acquiring an additional 61 shares during the period. 90.64% of the stock is owned by hedge funds and other institutional investors.

DoorDash Trading Up 0.6%

Shares of DASH stock opened at $160.25 on Friday. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.43 and a current ratio of 1.43. The stock has a market capitalization of $69.82 billion, a P/E ratio of 76.31 and a beta of 1.87. The company has a 50 day moving average price of $162.96 and a 200 day moving average price of $189.64. DoorDash, Inc. has a fifty-two week low of $143.30 and a fifty-two week high of $285.50.

DoorDash (NASDAQ:DASH) last announced its quarterly earnings data on Wednesday, May 6th. The company reported $0.42 earnings per share for the quarter, beating analysts’ consensus estimates of $0.36 by $0.06. The firm had revenue of $4.04 billion during the quarter, compared to analysts’ expectations of $4.15 billion. DoorDash had a net margin of 6.29% and a return on equity of 9.58%. The business’s quarterly revenue was up 33.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.44 earnings per share. Equities research analysts predict that DoorDash, Inc. will post 2.45 EPS for the current fiscal year.

Insider Activity at DoorDash

In related news, COO Prabir Adarkar sold 10,000 shares of DoorDash stock in a transaction that occurred on Monday, April 20th. The shares were sold at an average price of $188.34, for a total value of $1,883,400.00. Following the completion of the transaction, the chief operating officer owned 843,678 shares in the company, valued at approximately $158,898,314.52. The trade was a 1.17% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Shona L. Brown sold 1,250 shares of DoorDash stock in a transaction that occurred on Monday, March 9th. The shares were sold at an average price of $176.61, for a total transaction of $220,762.50. Following the completion of the transaction, the director owned 31,002 shares of the company’s stock, valued at $5,475,263.22. This trade represents a 3.88% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 42,683 shares of company stock worth $6,908,813. Corporate insiders own 5.83% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently issued reports on DASH. Oppenheimer reduced their price target on shares of DoorDash from $280.00 to $235.00 and set an “outperform” rating on the stock in a research note on Thursday, February 19th. Morgan Stanley reissued an “overweight” rating and issued a $275.00 price target on shares of DoorDash in a research note on Thursday, February 19th. The Goldman Sachs Group set a $280.00 price target on shares of DoorDash in a research note on Thursday, May 7th. Truist Financial reduced their price target on shares of DoorDash from $340.00 to $330.00 and set a “buy” rating on the stock in a research note on Thursday, May 7th. Finally, Roth Mkm reissued a “neutral” rating and issued a $200.00 price target on shares of DoorDash in a research note on Thursday, February 19th. Two analysts have rated the stock with a Strong Buy rating, twenty-five have issued a Buy rating and nine have issued a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $259.58.

DoorDash Company Profile

DoorDash, Inc operates a technology-driven logistics and food-delivery marketplace that connects consumers, merchants and independent delivery contractors. The company’s core service enables customers to order from local restaurants and retailers through its app and website while DoorDash handles last-mile fulfillment via its network of drivers, known as “Dashers.” Over time the platform has broadened beyond restaurant deliveries to include groceries, convenience items and retail deliveries, positioning DoorDash as a broader on-demand logistics provider for consumer goods.

In addition to its marketplace, DoorDash offers a suite of products and services for consumers and businesses.