4,586 Shares in DoorDash, Inc. (NASDAQ:DASH) Bought by Friedenthal Financial

Friedenthal Financial acquired a new stake in shares of DoorDash, Inc. (NASDAQ:DASH) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm acquired 4,586 shares of the company’s stock, valued at approximately $769,000.

Other hedge funds have also recently bought and sold shares of the company. Baillie Gifford & Co. boosted its holdings in DoorDash by 13.2% during the third quarter. Baillie Gifford & Co. now owns 14,142,674 shares of the company’s stock worth $2,018,584,000 after purchasing an additional 1,645,186 shares during the last quarter. Dragoneer Investment Group LLC increased its position in shares of DoorDash by 77.9% during the second quarter. Dragoneer Investment Group LLC now owns 2,847,537 shares of the company’s stock valued at $309,755,000 after acquiring an additional 1,246,567 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its holdings in DoorDash by 216.1% during the third quarter. Allspring Global Investments Holdings LLC now owns 1,082,362 shares of the company’s stock worth $154,486,000 after acquiring an additional 739,961 shares during the period. Janus Henderson Group PLC boosted its position in DoorDash by 14.5% in the third quarter. Janus Henderson Group PLC now owns 5,533,288 shares of the company’s stock worth $789,766,000 after purchasing an additional 700,465 shares during the last quarter. Finally, Thrivent Financial for Lutherans grew its stake in DoorDash by 5,396.1% in the 3rd quarter. Thrivent Financial for Lutherans now owns 663,599 shares of the company’s stock valued at $94,716,000 after purchasing an additional 651,525 shares during the period. 90.64% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on DASH. Wolfe Research increased their price target on shares of DoorDash from $210.00 to $220.00 and gave the company an “outperform” rating in a research report on Friday, January 3rd. JMP Securities restated a “market outperform” rating and set a $200.00 price target on shares of DoorDash in a research note on Thursday, January 2nd. KeyCorp lifted their price target on shares of DoorDash from $180.00 to $225.00 and gave the stock an “overweight” rating in a report on Thursday. UBS Group increased their price objective on DoorDash from $143.00 to $160.00 and gave the company a “neutral” rating in a report on Friday, October 18th. Finally, JPMorgan Chase & Co. boosted their target price on DoorDash from $137.00 to $155.00 and gave the company a “neutral” rating in a research note on Thursday, October 31st. Nine analysts have rated the stock with a hold rating and twenty-five have given a buy rating to the company. According to MarketBeat, DoorDash has an average rating of “Moderate Buy” and an average price target of $174.30.

Insider Buying and Selling at DoorDash

In other news, Director Stanley Tang sold 1,855 shares of the stock in a transaction dated Wednesday, November 20th. The shares were sold at an average price of $169.98, for a total transaction of $315,312.90. Following the completion of the sale, the director now directly owns 35,413 shares in the company, valued at approximately $6,019,501.74. This represents a 4.98 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Tony Xu sold 81,249 shares of the business’s stock in a transaction dated Tuesday, October 15th. The shares were sold at an average price of $147.87, for a total value of $12,014,289.63. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 1,032,694 shares of company stock worth $177,406,286. 7.92% of the stock is currently owned by insiders.

DoorDash Stock Performance

NASDAQ:DASH traded down $1.75 during trading hours on Monday, reaching $168.37. The company’s stock had a trading volume of 1,858,899 shares, compared to its average volume of 2,258,831. The firm has a 50-day simple moving average of $173.09 and a 200-day simple moving average of $144.07. DoorDash, Inc. has a 1 year low of $99.32 and a 1 year high of $181.78. The firm has a market capitalization of $69.94 billion, a price-to-earnings ratio of -374.16, a PEG ratio of 13.46 and a beta of 1.70.

DoorDash (NASDAQ:DASH) last released its earnings results on Wednesday, October 30th. The company reported $0.38 earnings per share for the quarter, beating analysts’ consensus estimates of $0.21 by $0.17. DoorDash had a negative return on equity of 2.41% and a negative net margin of 1.69%. The company had revenue of $2.71 billion during the quarter, compared to analyst estimates of $2.66 billion. During the same quarter in the previous year, the company posted ($0.19) EPS. DoorDash’s revenue for the quarter was up 25.0% on a year-over-year basis. Equities analysts anticipate that DoorDash, Inc. will post 0.26 earnings per share for the current fiscal year.

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.