Private Advisor Group LLC Sells 2,075 Shares of DoorDash, Inc. (NASDAQ:DASH)

Private Advisor Group LLC lessened its holdings in DoorDash, Inc. (NASDAQ:DASH) by 12.2% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 14,987 shares of the company’s stock after selling 2,075 shares during the period. Private Advisor Group LLC’s holdings in DoorDash were worth $2,139,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. ORG Partners LLC grew its position in DoorDash by 2,108.3% in the first quarter. ORG Partners LLC now owns 265 shares of the company’s stock valued at $37,000 after acquiring an additional 253 shares during the last quarter. Headlands Technologies LLC bought a new position in DoorDash in the second quarter valued at about $32,000. Meeder Asset Management Inc. grew its position in DoorDash by 82.0% in the second quarter. Meeder Asset Management Inc. now owns 293 shares of the company’s stock valued at $32,000 after acquiring an additional 132 shares during the last quarter. Hollencrest Capital Management bought a new position in DoorDash in the first quarter valued at about $42,000. Finally, Versant Capital Management Inc grew its position in DoorDash by 340.8% in the second quarter. Versant Capital Management Inc now owns 335 shares of the company’s stock valued at $36,000 after acquiring an additional 259 shares during the last quarter. Institutional investors own 90.64% of the company’s stock.

Insiders Place Their Bets

In other news, Director Shona L. Brown sold 5,005 shares of DoorDash stock in a transaction on Monday, August 5th. The stock was sold at an average price of $120.00, for a total transaction of $600,600.00. Following the sale, the director now directly owns 65,186 shares in the company, valued at $7,822,320. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, CEO Tony Xu sold 54,166 shares of the company’s stock in a transaction that occurred on Tuesday, August 6th. The stock was sold at an average price of $123.43, for a total value of $6,685,709.38. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Shona L. Brown sold 5,005 shares of the firm’s stock in a transaction on Monday, August 5th. The stock was sold at an average price of $120.00, for a total value of $600,600.00. Following the completion of the sale, the director now directly owns 65,186 shares of the company’s stock, valued at $7,822,320. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 383,710 shares of company stock valued at $53,725,640. Insiders own 7.92% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently commented on the company. Susquehanna lifted their price target on DoorDash from $135.00 to $140.00 and gave the company a “positive” rating in a research note on Monday, August 5th. KeyCorp raised DoorDash from a “sector weight” rating to an “overweight” rating and set a $177.00 price target on the stock in a research note on Wednesday, September 25th. UBS Group lifted their price target on DoorDash from $143.00 to $160.00 and gave the company a “neutral” rating in a research note on Friday, October 18th. Truist Financial lifted their price target on DoorDash from $150.00 to $170.00 and gave the company a “buy” rating in a research note on Tuesday, October 22nd. Finally, Mizuho lifted their price target on DoorDash from $162.00 to $173.00 and gave the company an “outperform” rating in a research note on Thursday, October 24th. Ten investment analysts have rated the stock with a hold rating and twenty-three have assigned a buy rating to the company. According to MarketBeat, DoorDash currently has an average rating of “Moderate Buy” and a consensus target price of $151.00.

DoorDash Stock Performance

DASH stock opened at $155.20 on Wednesday. DoorDash, Inc. has a 52-week low of $71.38 and a 52-week high of $155.93. The business has a 50-day simple moving average of $138.79 and a two-hundred day simple moving average of $123.61. The company has a market capitalization of $63.46 billion, a P/E ratio of -143.70, a price-to-earnings-growth ratio of 425.82 and a beta of 1.70.

DoorDash (NASDAQ:DASH) last released its quarterly earnings results on Thursday, August 1st. The company reported ($0.38) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.09) by ($0.29). The firm had revenue of $2.63 billion for the quarter, compared to the consensus estimate of $2.54 billion. DoorDash had a negative net margin of 4.24% and a negative return on equity of 5.91%. The firm’s revenue for the quarter was up 23.3% on a year-over-year basis. During the same period in the previous year, the business earned ($0.44) earnings per share. As a group, sell-side analysts forecast that DoorDash, Inc. will post 0.01 earnings per share for the current fiscal year.

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.