3,001 Shares in DoorDash, Inc. (NASDAQ:DASH) Bought by Merit Financial Group LLC

Merit Financial Group LLC purchased a new position in DoorDash, Inc. (NASDAQ:DASH - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 3,001 shares of the company's stock, valued at approximately $503,000.

Several other large investors also recently added to or reduced their stakes in the stock. Envestnet Asset Management Inc. raised its holdings in DoorDash by 2.4% during the 2nd quarter. Envestnet Asset Management Inc. now owns 79,476 shares of the company's stock valued at $8,645,000 after buying an additional 1,828 shares during the period. Blair William & Co. IL purchased a new stake in shares of DoorDash in the second quarter valued at $395,000. Pacer Advisors Inc. raised its stake in shares of DoorDash by 1.6% in the second quarter. Pacer Advisors Inc. now owns 18,927 shares of the company's stock valued at $2,059,000 after acquiring an additional 302 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lifted its holdings in shares of DoorDash by 74.7% in the 2nd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 54,122 shares of the company's stock worth $5,887,000 after acquiring an additional 23,138 shares during the last quarter. Finally, Insigneo Advisory Services LLC purchased a new position in shares of DoorDash during the 2nd quarter worth about $223,000. 90.64% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other DoorDash news, CEO Tony Xu sold 108,334 shares of the company's stock in a transaction on Tuesday, November 26th. The shares were sold at an average price of $180.07, for a total value 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 approximately $270,105. This represents a 98.63 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Andy Fang sold 50,000 shares of DoorDash stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $172.67, for a total value of $8,633,500.00. Following the transaction, the director now owns 18,089 shares of the company's stock, valued at $3,123,427.63. The trade was a 73.43 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 1,019,333 shares of company stock valued at $177,556,541. 7.92% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of analysts recently weighed in on DASH shares. The Goldman Sachs Group increased their price objective on shares of DoorDash from $161.00 to $192.00 and gave the stock a "neutral" rating in a research report on Thursday, January 16th. Citigroup increased their price target on DoorDash from $155.00 to $211.00 and gave the stock a "buy" rating in a report on Wednesday, November 27th. Susquehanna boosted their price objective on DoorDash from $140.00 to $180.00 and gave the company a "positive" rating in a report on Friday, November 1st. Needham & Company LLC increased their target price on DoorDash from $145.00 to $180.00 and gave the stock a "buy" rating in a research note on Thursday, October 31st. Finally, JPMorgan Chase & Co. boosted their target price on shares of DoorDash from $137.00 to $155.00 and gave the company a "neutral" rating in a research note on Thursday, October 31st. Nine investment analysts have rated the stock with a hold rating and twenty-five have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $176.97.

DoorDash Stock Up 0.1 %

Shares of DASH traded up $0.19 during mid-day trading on Friday, hitting $183.32. 2,905,655 shares of the company traded hands, compared to its average volume of 2,573,250. The company has a market capitalization of $76.15 billion, a PE ratio of -407.38, a price-to-earnings-growth ratio of 1.85 and a beta of 1.71. The business has a 50 day moving average of $174.13 and a 200 day moving average of $148.18. DoorDash, Inc. has a 1-year low of $99.32 and a 1-year high of $184.26.

DoorDash (NASDAQ:DASH - Get Free Report) last issued its quarterly earnings results on Wednesday, October 30th. The company reported $0.38 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.21 by $0.17. DoorDash had a negative net margin of 1.69% and a negative return on equity of 2.41%. The business had revenue of $2.71 billion for the quarter, compared to analyst estimates of $2.66 billion. During the same quarter in the prior year, the business posted ($0.19) EPS. DoorDash's revenue for the quarter was up 25.0% compared to the same quarter last year. As a group, research analysts expect that DoorDash, Inc. will post 0.29 EPS 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.