Wilmington Savings Fund Society FSB Makes New $1.11 Million Investment in DoorDash, Inc. (NASDAQ:DASH)

Wilmington Savings Fund Society FSB acquired a new stake in shares of DoorDash, Inc. (NASDAQ:DASH) in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 7,771 shares of the company’s stock, valued at approximately $1,109,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in DASH. Rakuten Securities Inc. boosted its stake in DoorDash by 302.3% during the 3rd quarter. Rakuten Securities Inc. now owns 173 shares of the company’s stock valued at $25,000 after purchasing an additional 130 shares during the last quarter. Meeder Asset Management Inc. boosted its position in shares of DoorDash by 82.0% during the second quarter. Meeder Asset Management Inc. now owns 293 shares of the company’s stock valued at $32,000 after buying an additional 132 shares during the last quarter. Headlands Technologies LLC bought a new stake in DoorDash during the second quarter worth $32,000. Quest Partners LLC raised its position in DoorDash by 146.8% in the 2nd quarter. Quest Partners LLC now owns 343 shares of the company’s stock valued at $37,000 after buying an additional 204 shares during the last quarter. Finally, First Horizon Advisors Inc. lifted its stake in DoorDash by 141.1% during the 2nd quarter. First Horizon Advisors Inc. now owns 352 shares of the company’s stock valued at $38,000 after acquiring an additional 206 shares in the last quarter. 90.64% of the stock is owned by institutional investors.

Analysts Set New Price Targets

DASH has been the subject of several analyst reports. BTIG Research upgraded shares of DoorDash from a “neutral” rating to a “buy” rating and set a $155.00 target price for the company in a report on Thursday, September 19th. Truist Financial increased their price objective on shares of DoorDash from $170.00 to $180.00 and gave the company a “buy” rating in a research note on Thursday, October 31st. The Goldman Sachs Group upped their target price on DoorDash from $142.00 to $161.00 and gave the company a “neutral” rating in a report on Friday, November 1st. Evercore ISI lifted their price target on DoorDash from $155.00 to $200.00 and gave the stock an “outperform” rating in a report on Thursday, October 31st. Finally, UBS Group boosted their price objective on DoorDash from $143.00 to $160.00 and gave the stock a “neutral” rating in a research report on Friday, October 18th. Ten equities research analysts have rated the stock with a hold rating and twenty-four have assigned a buy rating to the stock. According to MarketBeat.com, DoorDash presently has a consensus rating of “Moderate Buy” and a consensus target price of $167.27.

DoorDash Trading Down 0.5 %

DASH stock opened at $175.09 on Friday. The firm has a 50 day moving average of $164.81 and a 200-day moving average of $135.57. The firm has a market capitalization of $72.73 billion, a P/E ratio of -389.09, a price-to-earnings-growth ratio of 13.56 and a beta of 1.70. DoorDash, Inc. has a 12 month low of $93.33 and a 12 month high of $181.30.

DoorDash (NASDAQ:DASH) last announced its quarterly earnings results on Wednesday, October 30th. The company reported $0.38 EPS for the quarter, beating the consensus estimate of $0.21 by $0.17. The firm had revenue of $2.71 billion during the quarter, compared to the consensus estimate of $2.66 billion. DoorDash had a negative net margin of 1.69% and a negative return on equity of 2.41%. The business’s quarterly revenue was up 25.0% compared to the same quarter last year. During the same period last year, the firm earned ($0.19) EPS. Sell-side analysts predict that DoorDash, Inc. will post 0.26 EPS for the current year.

Insiders Place Their Bets

In related news, insider Keith Yandell sold 7,980 shares of the stock in a transaction on Wednesday, November 20th. The stock was sold at an average price of $169.98, for a total value of $1,356,440.40. Following the transaction, the insider now owns 124,221 shares of the company’s stock, valued at $21,115,085.58. This represents a 6.04 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Tony Xu sold 54,166 shares of DoorDash stock in a transaction dated Monday, September 23rd. The stock was sold at an average price of $140.06, for a total value of $7,586,489.96. The disclosure for this sale can be found here. Insiders have sold 793,196 shares of company stock worth $131,015,818 in the last ninety days. 7.92% of the stock is currently owned by insiders.

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.