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Fort Washington Investment Advisors Inc. OH Acquires 6,514 Shares of DoorDash, Inc. (NASDAQ:DASH)

DoorDash logo with Computer and Technology background

Fort Washington Investment Advisors Inc. OH boosted its stake in shares of DoorDash, Inc. (NASDAQ:DASH - Free Report) by 36.9% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 24,156 shares of the company's stock after buying an additional 6,514 shares during the period. Fort Washington Investment Advisors Inc. OH's holdings in DoorDash were worth $4,052,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the stock. Ballentine Partners LLC lifted its stake in shares of DoorDash by 3.9% in the 4th quarter. Ballentine Partners LLC now owns 2,962 shares of the company's stock valued at $497,000 after purchasing an additional 112 shares during the last quarter. MassMutual Private Wealth & Trust FSB raised its holdings in DoorDash by 34.0% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 272 shares of the company's stock valued at $46,000 after buying an additional 69 shares during the period. LVW Advisors LLC acquired a new position in DoorDash in the fourth quarter valued at about $236,000. Aaron Wealth Advisors LLC boosted its stake in DoorDash by 15.3% during the fourth quarter. Aaron Wealth Advisors LLC now owns 2,425 shares of the company's stock worth $407,000 after buying an additional 322 shares during the period. Finally, Moss Adams Wealth Advisors LLC acquired a new stake in shares of DoorDash during the fourth quarter valued at about $218,000. 90.64% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

DASH has been the subject of several research reports. Mizuho lifted their target price on shares of DoorDash from $162.00 to $173.00 and gave the company an "outperform" rating in a report on Thursday, October 24th. Evercore ISI lifted their price objective on DoorDash from $155.00 to $200.00 and gave the company an "outperform" rating in a research note on Thursday, October 31st. Wolfe Research boosted their price objective on DoorDash from $210.00 to $220.00 and gave the company an "outperform" rating in a report on Friday, January 3rd. Keefe, Bruyette & Woods upgraded DoorDash from a "market perform" rating to an "outperform" rating and set a $177.00 target price for the company in a report on Wednesday, September 25th. Finally, Jefferies Financial Group boosted their price target on shares of DoorDash from $155.00 to $180.00 and gave the stock a "buy" rating in a research note on Tuesday, October 22nd. Nine research analysts have rated the stock with a hold rating and twenty-five have assigned a buy rating to the stock. According to data from MarketBeat, DoorDash presently has a consensus rating of "Moderate Buy" and an average price target of $176.97.

Get Our Latest Report on DoorDash

Insider Activity at DoorDash

In related news, CEO Tony Xu sold 108,334 shares of DoorDash stock in a transaction dated Tuesday, November 26th. The stock was sold at an average price of $180.07, for a total transaction of $19,507,703.38. Following the sale, the chief executive officer now directly owns 1,500 shares of the company's stock, valued at $270,105. This trade represents a 98.63 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Andy Fang sold 50,000 shares of the firm's stock in a transaction that occurred on Monday, January 13th. The stock was sold at an average price of $168.32, for a total value of $8,416,000.00. Following the completion of the sale, the director now owns 16,176 shares of the company's stock, valued at $2,722,744.32. This represents a 75.56 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 1,019,333 shares of company stock worth $177,556,541. 7.92% of the stock is owned by insiders.

DoorDash Trading Up 3.1 %

NASDAQ DASH traded up $5.47 on Thursday, reaching $183.15. The stock had a trading volume of 1,901,180 shares, compared to its average volume of 2,473,284. DoorDash, Inc. has a 1 year low of $99.32 and a 1 year high of $183.38. The business has a 50 day moving average price of $173.66 and a 200 day moving average price of $147.42. The company has a market capitalization of $76.08 billion, a price-to-earnings ratio of -407.05, a P/E/G ratio of 1.88 and a beta of 1.71.

DoorDash (NASDAQ:DASH - Get Free Report) last posted its earnings results on Wednesday, October 30th. The company reported $0.38 EPS for the quarter, topping the consensus estimate of $0.21 by $0.17. The firm had revenue of $2.71 billion for 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% on a year-over-year basis. During the same period in the prior year, the business posted ($0.19) earnings per share. On average, analysts anticipate that DoorDash, Inc. will post 0.27 earnings per share for the current fiscal year.

About DoorDash

(Free Report)

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.

See Also

Institutional Ownership by Quarter for DoorDash (NASDAQ:DASH)

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