Private Wealth Partners LLC Makes New $722,000 Investment in DoorDash, Inc. $DASH

Private Wealth Partners LLC purchased a new stake in shares of DoorDash, Inc. (NASDAQ:DASH) during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 4,810 shares of the company’s stock, valued at approximately $722,000.

Other large investors have also recently made changes to their positions in the company. Eastern Bank boosted its stake in shares of DoorDash by 714.3% in the 4th quarter. Eastern Bank now owns 114 shares of the company’s stock valued at $26,000 after purchasing an additional 100 shares in the last quarter. MV Capital Management Inc. bought a new position in shares of DoorDash during the 4th quarter valued at $26,000. Swiss RE Ltd. purchased a new position in DoorDash in the 4th quarter worth $28,000. ST Germain D J Co. Inc. purchased a new position in DoorDash in the 4th quarter worth $29,000. Finally, Kemnay Advisory Services Inc. bought a new stake in DoorDash in the fourth quarter worth $32,000. 90.64% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other DoorDash news, COO Prabir Adarkar sold 21,739 shares of the company’s stock in a transaction on Tuesday, May 26th. The shares were sold at an average price of $155.25, for a total value of $3,374,979.75. Following the completion of the transaction, the chief operating officer directly owned 959,076 shares in the company, valued at approximately $148,896,549. This represents a 2.22% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, General Counsel Tia Sherringham sold 2,743 shares of the firm’s stock in a transaction dated Friday, May 22nd. The stock was sold at an average price of $160.79, for a total transaction of $441,046.97. Following the completion of the sale, the general counsel directly owned 128,216 shares of the company’s stock, valued at approximately $20,615,850.64. This represents a 2.09% decrease in their ownership of the stock. 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 42,707 shares of company stock valued at $7,113,039 over the last three months. Insiders own 5.83% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on DASH. Zacks Research upgraded shares of DoorDash from a “strong sell” rating to a “hold” rating in a research report on Tuesday, May 12th. BTIG Research lowered their target price on DoorDash from $280.00 to $225.00 and set a “buy” rating for the company in a research note on Friday, June 12th. Needham & Company LLC reissued a “buy” rating and issued a $265.00 target price on shares of DoorDash in a research note on Thursday, May 7th. Rothschild & Co Redburn set a $350.00 target price on DoorDash in a report on Tuesday, May 12th. Finally, Weiss Ratings upgraded DoorDash from a “hold (c-)” rating to a “hold (c)” rating in a research report on Wednesday, May 13th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-five have issued a Buy rating and nine have given a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $256.11.

DoorDash Price Performance

Shares of DoorDash stock opened at $192.01 on Friday. The firm has a market cap of $83.66 billion, a PE ratio of 91.43 and a beta of 1.78. DoorDash, Inc. has a 12-month low of $143.30 and a 12-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. The company’s fifty day simple moving average is $165.99 and its two-hundred day simple moving average is $180.55.

DoorDash (NASDAQ:DASH) last issued its quarterly earnings data on Wednesday, May 6th. The company reported $0.42 EPS for the quarter, beating the consensus estimate of $0.36 by $0.06. The firm had revenue of $4.04 billion during the quarter, compared to the consensus estimate of $4.15 billion. DoorDash had a net margin of 6.29% and a return on equity of 9.58%. The company’s quarterly revenue was up 33.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.44 earnings per share. As a group, equities analysts expect that DoorDash, Inc. will post 2.41 EPS for the current year.

DoorDash Profile

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.