Northwestern Mutual Wealth Management Co. Sells 27,524 Shares of DoorDash, Inc. $DASH

Northwestern Mutual Wealth Management Co. reduced its stake in shares of DoorDash, Inc. (NASDAQ:DASH) by 87.1% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 4,077 shares of the company’s stock after selling 27,524 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in DoorDash were worth $923,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Eastern Bank raised its holdings in shares of DoorDash by 714.3% during the 4th quarter. Eastern Bank now owns 114 shares of the company’s stock valued at $26,000 after buying an additional 100 shares in the last quarter. ST Germain D J Co. Inc. purchased a new position in DoorDash in the 4th quarter worth $29,000. Sunbelt Securities Inc. increased its stake in DoorDash by 124.1% in the 3rd quarter. Sunbelt Securities Inc. now owns 121 shares of the company’s stock worth $33,000 after purchasing an additional 67 shares during the period. Morse Asset Management Inc purchased a new position in DoorDash in the 3rd quarter worth approximately $36,000. Finally, Kohmann Bosshard Financial Services LLC purchased a new position in DoorDash in the 4th quarter worth approximately $39,000. 90.64% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at DoorDash

In other news, Director Stanley Tang sold 21,433 shares of the stock in a transaction on Thursday, April 2nd. The stock was sold at an average price of $150.00, for a total value of $3,214,950.00. Following the sale, the director directly owned 19,279 shares of the company’s stock, valued at approximately $2,891,850. This represents a 52.65% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Keith Yandell sold 2,643 shares of the firm’s stock in a transaction that occurred on Tuesday, May 26th. The shares were sold at an average price of $155.34, for a total transaction of $410,563.62. Following the sale, the insider directly owned 81,106 shares of the company’s stock, valued at $12,599,006.04. This trade represents a 3.16% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 68,558 shares of company stock worth $10,914,640 in the last ninety days. 5.83% of the stock is owned by company insiders.

Analysts Set New Price Targets

DASH has been the topic of a number of analyst reports. Guggenheim decreased their price objective on shares of DoorDash from $275.00 to $255.00 and set a “buy” rating on the stock in a research report on Thursday, February 19th. Morgan Stanley restated an “overweight” rating and issued a $275.00 price objective on shares of DoorDash in a research report on Thursday, February 19th. Piper Sandler reduced their target price on DoorDash from $220.00 to $205.00 and set a “neutral” rating on the stock in a research note on Thursday, May 7th. BTIG Research reissued a “buy” rating and set a $280.00 target price on shares of DoorDash in a research note on Thursday, May 7th. Finally, KeyCorp boosted their target price on DoorDash from $275.00 to $280.00 and gave the company an “overweight” rating in a research note on Thursday, February 19th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-five have assigned a Buy rating and nine have given a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $259.58.

DoorDash Price Performance

Shares of DASH stock opened at $152.49 on Tuesday. The stock has a market cap of $66.44 billion, a price-to-earnings ratio of 72.61 and a beta of 1.83. The business’s fifty day moving average is $162.41 and its 200 day moving average is $185.25. DoorDash, Inc. has a twelve month low of $143.30 and a twelve month high of $285.50. The company has a quick ratio of 1.43, a current ratio of 1.43 and a debt-to-equity ratio of 0.27.

DoorDash (NASDAQ:DASH) last issued its quarterly earnings results on Wednesday, May 6th. The company reported $0.42 earnings per share for the quarter, topping the consensus estimate of $0.36 by $0.06. The company had revenue of $4.04 billion for the quarter, compared to analysts’ expectations of $4.15 billion. DoorDash had a return on equity of 9.58% and a net margin of 6.29%.The firm’s revenue for the quarter was up 33.1% on a year-over-year basis. During the same period in the prior year, the firm earned $0.44 earnings per share. Research analysts expect that DoorDash, Inc. will post 2.45 EPS for the current fiscal year.

About DoorDash

DoorDash, Inc operates a technology-driven logistics and food-delivery marketplace that connects consumers, merchants and independent delivery contractors. The company’s core service enables customers to order from local restaurants and retailers through its app and website while DoorDash handles last-mile fulfillment via its network of drivers, known as “Dashers.” Over time the platform has broadened beyond restaurant deliveries to include groceries, convenience items and retail deliveries, positioning DoorDash as a broader on-demand logistics provider for consumer goods.

In addition to its marketplace, DoorDash offers a suite of products and services for consumers and businesses.