LVW Advisors LLC Purchases New Stake in DoorDash, Inc. (NASDAQ:DASH)

LVW Advisors LLC bought a new position in shares of DoorDash, Inc. (NASDAQ:DASH - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 1,409 shares of the company's stock, valued at approximately $236,000.

Several other hedge funds also recently bought and sold shares of DASH. Wealth Enhancement Advisory Services LLC boosted its stake in shares of DoorDash by 0.7% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 11,744 shares of the company's stock valued at $1,970,000 after purchasing an additional 84 shares during the period. Pallas Capital Advisors LLC raised its holdings in DoorDash by 3.7% in the fourth quarter. Pallas Capital Advisors LLC now owns 2,465 shares of the company's stock valued at $414,000 after acquiring an additional 88 shares in the last quarter. Central Pacific Bank Trust Division raised its holdings in DoorDash by 1.3% in the fourth quarter. Central Pacific Bank Trust Division now owns 6,966 shares of the company's stock valued at $1,169,000 after acquiring an additional 91 shares in the last quarter. Venturi Wealth Management LLC raised its holdings in DoorDash by 39.0% in the third quarter. Venturi Wealth Management LLC now owns 424 shares of the company's stock valued at $61,000 after acquiring an additional 119 shares in the last quarter. Finally, Rakuten Securities Inc. raised its holdings in DoorDash by 302.3% in the third quarter. Rakuten Securities Inc. now owns 173 shares of the company's stock valued at $25,000 after acquiring an additional 130 shares in the last quarter. Hedge funds and other institutional investors own 90.64% of the company's stock.

Insider Transactions at DoorDash

In other DoorDash news, General Counsel Tia Sherringham sold 12,950 shares of the company's stock in a transaction that occurred on Wednesday, November 20th. The stock was sold at an average price of $169.98, for a total value of $2,201,241.00. Following the transaction, the general counsel now directly owns 145,917 shares of the company's stock, valued at $24,802,971.66. This represents a 8.15 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Tony Xu sold 108,332 shares of the company's stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $170.25, for a total value of $18,443,523.00. Following the completion of the transaction, the chief executive officer now directly owns 1,500 shares in the company, valued at approximately $255,375. The trade was a 98.63 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 1,019,333 shares of company stock worth $177,556,541. 7.92% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

DASH has been the topic of several analyst reports. Susquehanna raised their target price on shares of DoorDash from $140.00 to $180.00 and gave the company a "positive" rating in a report on Friday, November 1st. Mizuho raised their price objective on shares of DoorDash from $162.00 to $173.00 and gave the stock an "outperform" rating in a report on Thursday, October 24th. Oppenheimer raised their price objective on shares of DoorDash from $145.00 to $160.00 and gave the stock an "outperform" rating in a report on Friday, September 27th. Benchmark raised their price objective on shares of DoorDash from $152.00 to $173.00 and gave the stock a "buy" rating in a report on Thursday, October 17th. Finally, Truist Financial raised their price objective on shares of DoorDash from $180.00 to $217.00 and gave the stock a "buy" rating in a report on Tuesday, December 17th. Nine analysts have rated the stock with a hold rating and twenty-five have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $175.97.

DoorDash Stock Performance

DASH stock traded up $0.26 during trading on Wednesday, hitting $178.36. The stock had a trading volume of 842,933 shares, compared to its average volume of 2,421,775. The company's 50 day moving average price is $173.63 and its two-hundred day moving average price is $147.21. DoorDash, Inc. has a 1-year low of $99.32 and a 1-year high of $181.78. The stock has a market cap of $74.09 billion, a price-to-earnings ratio of -395.93, a price-to-earnings-growth ratio of 1.80 and a beta of 1.71.

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, beating the consensus estimate 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 analysts' expectations of $2.66 billion. During the same quarter in the previous year, the business earned ($0.19) EPS. The firm's revenue was up 25.0% on a year-over-year basis. As a group, sell-side analysts forecast that DoorDash, Inc. will post 0.27 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.