Northwestern Mutual Wealth Management Co. Has $1.90 Million Stake in DoorDash, Inc. $DASH

Northwestern Mutual Wealth Management Co. trimmed its stake in DoorDash, Inc. (NASDAQ:DASH) by 73.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 8,365 shares of the company’s stock after selling 23,236 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in DoorDash were worth $1,895,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Phoenix Financial Ltd. increased its holdings in DoorDash by 8.1% in the fourth quarter. Phoenix Financial Ltd. now owns 3,145 shares of the company’s stock valued at $712,000 after purchasing an additional 235 shares during the period. Bessemer Group Inc. increased its holdings in DoorDash by 130.3% in the fourth quarter. Bessemer Group Inc. now owns 1,099,244 shares of the company’s stock valued at $248,956,000 after purchasing an additional 621,875 shares during the period. Conning Inc. increased its holdings in DoorDash by 4.7% in the fourth quarter. Conning Inc. now owns 1,684 shares of the company’s stock valued at $381,000 after purchasing an additional 75 shares during the period. E Fund Management Hong Kong Co. Ltd. increased its holdings in DoorDash by 37.0% in the fourth quarter. E Fund Management Hong Kong Co. Ltd. now owns 1,303 shares of the company’s stock valued at $271,000 after purchasing an additional 352 shares during the period. Finally, Catalyst Financial Partners LLC increased its holdings in DoorDash by 11.9% in the fourth quarter. Catalyst Financial Partners LLC now owns 891 shares of the company’s stock valued at $202,000 after purchasing an additional 95 shares during the period. 90.64% of the stock is currently owned by institutional investors and hedge funds.

DoorDash Stock Performance

Shares of DASH opened at $157.58 on Thursday. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.43 and a quick ratio of 1.43. The stock has a 50-day moving average of $162.58 and a 200-day moving average of $187.84. The company has a market cap of $68.66 billion, a PE ratio of 75.04 and a beta of 1.87. DoorDash, Inc. has a one year low of $143.30 and a one year high of $285.50.

DoorDash (NASDAQ:DASH) last issued its earnings results on Wednesday, May 6th. The company reported $0.42 EPS for the quarter, beating the consensus estimate of $0.36 by $0.06. The company had revenue of $4.04 billion during the quarter, compared to the consensus estimate 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% compared to the same quarter last year. During the same period last year, the business posted $0.44 EPS. On average, equities research analysts predict that DoorDash, Inc. will post 2.45 EPS for the current fiscal year.

Analyst Ratings Changes

DASH has been the subject of a number of recent research reports. Rothschild & Co Redburn set a $350.00 price objective on DoorDash in a report on Tuesday, May 12th. Moffett Nathanson set a $276.00 price objective on DoorDash in a report on Wednesday, April 15th. KeyCorp increased their price objective on DoorDash from $275.00 to $280.00 and gave the company an “overweight” rating in a report on Thursday, February 19th. Piper Sandler decreased their price objective on DoorDash from $220.00 to $205.00 and set a “neutral” rating for the company in a report on Thursday, May 7th. Finally, The Goldman Sachs Group set a $280.00 price objective on DoorDash in a report on Thursday, May 7th. Two analysts have rated the stock with a Strong Buy rating, twenty-five have assigned a Buy rating and nine have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $259.58.

Insider Transactions at DoorDash

In other news, Director Stanley Tang sold 21,433 shares of the firm’s stock in a transaction dated 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 completion of the sale, the director directly owned 19,279 shares in the company, valued at $2,891,850. This trade represents a 52.65% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, COO Prabir Adarkar sold 10,000 shares of the firm’s stock in a transaction dated Monday, April 20th. The shares were sold at an average price of $188.34, for a total value of $1,883,400.00. Following the completion of the sale, the chief operating officer owned 843,678 shares of the company’s stock, valued at approximately $158,898,314.52. This represents a 1.17% 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. In the last 90 days, insiders have sold 45,426 shares of company stock valued at $7,349,859. 5.83% of the stock is currently owned by corporate insiders.

DoorDash Company 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.