DoorDash, Inc. (NASDAQ:DASH) Stock Holdings Lifted by Lyell Wealth Management LP

Lyell Wealth Management LP increased its position in DoorDash, Inc. (NASDAQ:DASH) by 5.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 37,196 shares of the company’s stock after acquiring an additional 1,757 shares during the period. Lyell Wealth Management LP’s holdings in DoorDash were worth $3,678,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the company. Parkside Financial Bank & Trust increased its stake in DoorDash by 361.2% during the 4th quarter. Parkside Financial Bank & Trust now owns 392 shares of the company’s stock valued at $39,000 after buying an additional 307 shares during the period. Fifth Third Bancorp increased its stake in DoorDash by 448.8% during the 3rd quarter. Fifth Third Bancorp now owns 439 shares of the company’s stock valued at $35,000 after buying an additional 359 shares during the period. Valley National Advisers Inc. acquired a new position in DoorDash during the 4th quarter valued at about $43,000. SJS Investment Consulting Inc. increased its stake in DoorDash by 26.9% during the 4th quarter. SJS Investment Consulting Inc. now owns 462 shares of the company’s stock valued at $46,000 after buying an additional 98 shares during the period. Finally, Covestor Ltd increased its stake in DoorDash by 101.2% during the 3rd quarter. Covestor Ltd now owns 503 shares of the company’s stock valued at $40,000 after buying an additional 253 shares during the period. Institutional investors and hedge funds own 90.64% of the company’s stock.

Insider Activity at DoorDash

In related news, CAO Gordon S. Lee sold 1,000 shares of the firm’s stock in a transaction that occurred on Friday, March 1st. The shares were sold at an average price of $124.50, for a total transaction of $124,500.00. Following the transaction, the chief accounting officer now owns 92,207 shares of the company’s stock, valued at $11,479,771.50. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other news, CEO Tony Xu sold 132,300 shares of DoorDash stock in a transaction that occurred on Thursday, March 14th. The shares were sold at an average price of $131.96, for a total value of $17,458,308.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CAO Gordon S. Lee sold 1,000 shares of DoorDash stock in a transaction that occurred on Friday, March 1st. The shares were sold at an average price of $124.50, for a total transaction of $124,500.00. Following the completion of the transaction, the chief accounting officer now directly owns 92,207 shares in the company, valued at approximately $11,479,771.50. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 497,282 shares of company stock valued at $64,885,042. 9.59% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several equities analysts have commented on the stock. Moffett Nathanson raised shares of DoorDash from a “neutral” rating to a “buy” rating and raised their target price for the company from $118.00 to $164.00 in a research note on Thursday, April 11th. Piper Sandler raised shares of DoorDash from an “underweight” rating to a “neutral” rating and lifted their price objective for the stock from $53.00 to $127.00 in a research note on Friday, March 15th. UBS Group lowered their price objective on shares of DoorDash from $123.00 to $118.00 and set a “neutral” rating on the stock in a research note on Friday, February 16th. Loop Capital assumed coverage on shares of DoorDash in a research note on Friday, April 19th. They issued a “buy” rating and a $170.00 price objective on the stock. Finally, Oppenheimer lifted their price objective on shares of DoorDash from $110.00 to $140.00 and gave the stock an “outperform” rating in a research note on Friday, February 16th. Nine analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $130.52.

DoorDash Stock Performance

Shares of DASH stock traded down $2.60 during trading on Wednesday, hitting $126.76. 4,308,968 shares of the company were exchanged, compared to its average volume of 3,598,281. The firm has a market capitalization of $51.21 billion, a price-to-earnings ratio of -88.64, a P/E/G ratio of 14.16 and a beta of 1.79. The business’s 50-day simple moving average is $130.95 and its 200 day simple moving average is $108.06. DoorDash, Inc. has a twelve month low of $56.59 and a twelve month high of $143.34.

DoorDash (NASDAQ:DASH) last posted its quarterly earnings results on Thursday, February 15th. The company reported ($0.39) EPS for the quarter, missing the consensus estimate of ($0.15) by ($0.24). The company had revenue of $2.30 billion for the quarter, compared to analyst estimates of $2.25 billion. DoorDash had a negative return on equity of 8.49% and a negative net margin of 6.46%. The business’s revenue for the quarter was up 26.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted ($0.63) earnings per share. On average, equities analysts forecast that DoorDash, Inc. will post 0.21 earnings per share for the current fiscal year.

About DoorDash

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.