Wilmington Savings Fund Society FSB Takes $1.11 Million Position in DoorDash, Inc. (NASDAQ:DASH)

Wilmington Savings Fund Society FSB acquired a new position in DoorDash, Inc. (NASDAQ:DASH - Free Report) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 7,771 shares of the company's stock, valued at approximately $1,109,000.

Several other institutional investors have also added to or reduced their stakes in DASH. Brighton Jones LLC grew its position in shares of DoorDash by 0.8% in the 2nd quarter. Brighton Jones LLC now owns 10,317 shares of the company's stock worth $1,122,000 after buying an additional 82 shares during the period. Everhart Financial Group Inc. grew its position in shares of DoorDash by 3.1% in the 2nd quarter. Everhart Financial Group Inc. now owns 3,267 shares of the company's stock worth $355,000 after buying an additional 99 shares during the period. E Fund Management Co. Ltd. grew its position in shares of DoorDash by 3.5% in the 2nd quarter. E Fund Management Co. Ltd. now owns 3,263 shares of the company's stock worth $355,000 after buying an additional 111 shares during the period. Venturi Wealth Management LLC grew its position in shares of DoorDash by 39.0% in the 3rd quarter. Venturi Wealth Management LLC now owns 424 shares of the company's stock worth $61,000 after buying an additional 119 shares during the period. Finally, Rakuten Securities Inc. grew its position in shares of DoorDash by 302.3% in the 3rd quarter. Rakuten Securities Inc. now owns 173 shares of the company's stock worth $25,000 after buying an additional 130 shares during the period. 90.64% of the stock is currently owned by institutional investors.

Insider Buying and Selling at DoorDash

In other DoorDash news, CFO Ravi Inukonda sold 14,219 shares of the business's stock in a transaction dated Wednesday, November 20th. The stock was sold at an average price of $169.98, for a total value of $2,416,945.62. Following the transaction, the chief financial officer now owns 380,993 shares in the company, valued at $64,761,190.14. The trade was a 3.60 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Tony Xu sold 54,166 shares of the business's stock in a transaction dated Monday, September 23rd. The stock was sold at an average price of $140.06, for a total value of $7,586,489.96. The disclosure for this sale can be found here. Insiders have sold 793,196 shares of company stock valued at $131,015,818 in the last quarter. Corporate insiders own 7.92% of the company's stock.

DoorDash Stock Performance

Shares of DASH stock traded down $0.93 during trading hours on Friday, reaching $175.09. The company had a trading volume of 2,305,444 shares, compared to its average volume of 3,730,281. DoorDash, Inc. has a twelve month low of $93.33 and a twelve month high of $181.30. The stock's fifty day simple moving average is $164.81 and its 200 day simple moving average is $135.57. The company has a market capitalization of $72.73 billion, a P/E ratio of -389.09, a price-to-earnings-growth ratio of 13.56 and a beta of 1.70.

DoorDash (NASDAQ:DASH - Get Free Report) last announced its quarterly earnings results on Wednesday, October 30th. The company reported $0.38 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.21 by $0.17. The business had revenue of $2.71 billion for the quarter, compared to the consensus estimate of $2.66 billion. DoorDash had a negative return on equity of 2.41% and a negative net margin of 1.69%. The business's revenue was up 25.0% on a year-over-year basis. During the same quarter last year, the business posted ($0.19) EPS. As a group, equities analysts expect that DoorDash, Inc. will post 0.26 earnings per share for the current year.

Wall Street Analyst Weigh In

Several analysts recently commented on the stock. Needham & Company LLC increased their price objective on shares of DoorDash from $145.00 to $180.00 and gave the company a "buy" rating in a research report on Thursday, October 31st. BMO Capital Markets increased their price objective on shares of DoorDash from $140.00 to $180.00 and gave the company an "outperform" rating in a research report on Thursday, October 31st. Benchmark increased their price objective on shares of DoorDash from $152.00 to $173.00 and gave the company a "buy" rating in a research report on Thursday, October 17th. JPMorgan Chase & Co. increased their price objective on shares of DoorDash from $137.00 to $155.00 and gave the company a "neutral" rating in a research report on Thursday, October 31st. Finally, BTIG Research raised shares of DoorDash from a "neutral" rating to a "buy" rating and set a $155.00 price objective on the stock in a research report on Thursday, September 19th. Ten research analysts have rated the stock with a hold rating and twenty-four have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $167.27.

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.