DoorDash, Inc. (NASDAQ:DASH) is Catalyst Private Wealth LLC's 5th Largest Position

Catalyst Private Wealth LLC reduced its position in DoorDash, Inc. (NASDAQ:DASH - Free Report) by 49.1% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 39,699 shares of the company's stock after selling 38,304 shares during the period. DoorDash makes up about 3.0% of Catalyst Private Wealth LLC's investment portfolio, making the stock its 5th biggest position. Catalyst Private Wealth LLC's holdings in DoorDash were worth $6,660,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Commonwealth Equity Services LLC increased its holdings in DoorDash by 34.5% during the second quarter. Commonwealth Equity Services LLC now owns 6,275 shares of the company's stock valued at $683,000 after buying an additional 1,611 shares during the last quarter. Quest Partners LLC raised its holdings in DoorDash by 146.8% in the 2nd quarter. Quest Partners LLC now owns 343 shares of the company's stock worth $37,000 after purchasing an additional 204 shares during the period. Choreo LLC purchased a new position in DoorDash during the second quarter valued at $465,000. Headlands Technologies LLC bought a new stake in DoorDash during the second quarter valued at about $32,000. Finally, Meeder Asset Management Inc. raised its stake in shares of DoorDash by 82.0% in the second quarter. Meeder Asset Management Inc. now owns 293 shares of the company's stock worth $32,000 after buying an additional 132 shares during the period. Institutional investors own 90.64% of the company's stock.

DoorDash Stock Down 1.0 %

DASH traded down $1.75 during trading hours on Monday, reaching $168.37. 1,862,436 shares of the company's stock traded hands, compared to its average volume of 2,353,330. The firm has a 50-day moving average price of $173.09 and a 200 day moving average price of $144.07. DoorDash, Inc. has a 52-week low of $99.32 and a 52-week high of $181.78. The firm has a market capitalization of $69.94 billion, a PE ratio of -374.16, a PEG ratio of 13.46 and a beta of 1.70.

DoorDash (NASDAQ:DASH - Get Free Report) last posted its quarterly earnings results on Wednesday, October 30th. The company reported $0.38 EPS for the quarter, topping analysts' consensus estimates of $0.21 by $0.17. The firm had revenue of $2.71 billion for the quarter, compared to analysts' expectations 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 revenue for the quarter was up 25.0% on a year-over-year basis. During the same period in the prior year, the business posted ($0.19) earnings per share. Equities analysts predict that DoorDash, Inc. will post 0.26 EPS for the current fiscal year.

Insider Activity

In other news, CEO Tony Xu sold 81,249 shares of the company's stock in a transaction that occurred on Tuesday, October 15th. The shares were sold at an average price of $147.87, for a total value of $12,014,289.63. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Stanley Tang sold 1,855 shares of the stock in a transaction on Wednesday, November 20th. The shares were sold at an average price of $169.98, for a total value of $315,312.90. Following the sale, the director now directly owns 35,413 shares in the company, valued at $6,019,501.74. This trade represents a 4.98 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 1,032,694 shares of company stock valued at $177,406,286. Corporate insiders own 7.92% of the company's stock.

Wall Street Analysts Forecast Growth

DASH has been the subject of a number of recent research reports. KeyCorp boosted their price objective on DoorDash from $180.00 to $225.00 and gave the company an "overweight" rating in a research note on Thursday. Cantor Fitzgerald reissued an "overweight" rating and issued a $160.00 price objective on shares of DoorDash in a research note on Monday, October 7th. Piper Sandler lifted their target price on shares of DoorDash from $125.00 to $160.00 and gave the company a "neutral" rating in a research note on Thursday, October 31st. Evercore ISI increased their price target on DoorDash from $155.00 to $200.00 and gave the stock an "outperform" rating in a research note on Thursday, October 31st. Finally, Benchmark boosted their price objective on DoorDash from $152.00 to $173.00 and gave the company a "buy" rating in a research report on Thursday, October 17th. Nine analysts have rated the stock with a hold rating and twenty-five have assigned a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $174.30.

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.

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