RWA Wealth Partners LLC Purchases New Position in DoorDash, Inc. (NASDAQ:DASH)

RWA Wealth Partners LLC purchased a new stake in DoorDash, Inc. (NASDAQ:DASH) during the fourth quarter, according to its most recent filing with the SEC. The fund purchased 6,792 shares of the company’s stock, valued at approximately $672,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. National Bank of Canada FI increased its holdings in shares of DoorDash by 13.1% in the 3rd quarter. National Bank of Canada FI now owns 1,081 shares of the company’s stock worth $86,000 after buying an additional 125 shares during the last quarter. CWM LLC boosted its position in DoorDash by 19.4% in the 3rd quarter. CWM LLC now owns 2,684 shares of the company’s stock valued at $213,000 after buying an additional 437 shares during the period. SG Americas Securities LLC boosted its position in DoorDash by 1,139.2% in the 3rd quarter. SG Americas Securities LLC now owns 24,994 shares of the company’s stock valued at $1,986,000 after buying an additional 22,977 shares during the period. Counterpoint Mutual Funds LLC purchased a new stake in DoorDash in the 3rd quarter valued at about $94,000. Finally, Oak Thistle LLC purchased a new stake in DoorDash in the 3rd quarter valued at about $351,000. 90.64% of the stock is currently owned by institutional investors.

Insider Transactions at DoorDash

In other news, CEO Tony Xu sold 132,300 shares of the firm’s stock in a transaction dated Tuesday, April 16th. The shares were sold at an average price of $133.51, for a total value of $17,663,373.00. The transaction was disclosed in a filing with the SEC, which is available through this link. In related news, CEO Tony Xu sold 132,300 shares of the firm’s stock in a transaction dated Tuesday, April 16th. The shares were sold at an average price of $133.51, for a total transaction of $17,663,373.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Shona L. Brown sold 700 shares of the firm’s stock in a transaction dated Tuesday, February 6th. The stock was sold at an average price of $109.71, for a total transaction of $76,797.00. Following the sale, the director now owns 71,514 shares of the company’s stock, valued at $7,845,800.94. The disclosure for this sale can be found here. Over the last three months, insiders have sold 497,282 shares of company stock valued at $64,885,042. Corporate insiders own 9.59% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have issued reports on DASH shares. Moffett Nathanson raised shares of DoorDash from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $118.00 to $164.00 in a research report on Thursday, April 11th. Roth Mkm upped their price target on shares of DoorDash from $92.00 to $109.00 and gave the stock a “neutral” rating in a research report on Friday, January 19th. The Goldman Sachs Group boosted their price objective on shares of DoorDash from $109.00 to $122.00 and gave the stock a “neutral” rating in a research note on Friday, February 16th. Benchmark assumed coverage on shares of DoorDash in a research note on Thursday, April 4th. They set a “buy” rating and a $165.00 price objective for the company. Finally, Wedbush boosted their price objective on shares of DoorDash from $92.00 to $115.00 and gave the stock a “neutral” rating in a research note on Friday, February 16th. Nine equities research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $130.52.

DoorDash Price Performance

Shares of NASDAQ DASH opened at $126.76 on Thursday. The company’s fifty day moving average price is $130.95 and its 200 day moving average price is $108.06. DoorDash, Inc. has a 1 year low of $56.59 and a 1 year high of $143.34.

DoorDash (NASDAQ:DASH) last posted its quarterly earnings data on Thursday, February 15th. The company reported ($0.39) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.15) by ($0.24). The company had revenue of $2.30 billion for the quarter, compared to analysts’ expectations of $2.25 billion. DoorDash had a negative net margin of 6.46% and a negative return on equity of 8.49%. The business’s revenue for the quarter was up 26.7% on a year-over-year basis. During the same period in the previous year, the business earned ($0.63) earnings per share. As a group, analysts anticipate that DoorDash, Inc. will post 0.21 earnings per share for the current 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.