Janney Montgomery Scott LLC lowered its holdings in DoorDash, Inc. (NASDAQ:DASH – Free Report) by 6.5% in the 1st quarter, HoldingsChannel.com reports. The firm owned 55,330 shares of the company’s stock after selling 3,845 shares during the quarter. Janney Montgomery Scott LLC’s holdings in DoorDash were worth $10,113,000 as of its most recent SEC filing.
Several other hedge funds have also bought and sold shares of the business. GeoWealth Management LLC grew its position in DoorDash by 3.7% in the 4th quarter. GeoWealth Management LLC now owns 1,428 shares of the company’s stock valued at $240,000 after purchasing an additional 51 shares during the period. IFP Advisors Inc boosted its holdings in DoorDash by 31.8% during the 4th quarter. IFP Advisors Inc now owns 224 shares of the company’s stock worth $37,000 after acquiring an additional 54 shares during the last quarter. Coldstream Capital Management Inc. boosted its holdings in DoorDash by 5.5% during the 4th quarter. Coldstream Capital Management Inc. now owns 1,661 shares of the company’s stock worth $279,000 after acquiring an additional 86 shares during the last quarter. LVW Advisors LLC boosted its holdings in DoorDash by 6.1% during the 1st quarter. LVW Advisors LLC now owns 1,495 shares of the company’s stock worth $273,000 after acquiring an additional 86 shares during the last quarter. Finally, CVA Family Office LLC boosted its holdings in DoorDash by 12.7% during the 1st quarter. CVA Family Office LLC now owns 774 shares of the company’s stock worth $141,000 after acquiring an additional 87 shares during the last quarter. Institutional investors and hedge funds own 90.64% of the company’s stock.
DoorDash Stock Down 0.1%
NASDAQ DASH opened at $220.46 on Friday. The firm’s 50-day simple moving average is $200.53 and its two-hundred day simple moving average is $189.25. DoorDash, Inc. has a 52 week low of $99.32 and a 52 week high of $223.81. The company has a market cap of $93.42 billion, a PE ratio of 286.32 and a beta of 1.67.
Analyst Ratings Changes
DASH has been the topic of a number of analyst reports. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $230.00 price objective on shares of DoorDash in a report on Wednesday, May 7th. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $210.00 price objective on shares of DoorDash in a report on Wednesday, May 7th. Evercore ISI reaffirmed an “outperform” rating on shares of DoorDash in a report on Monday, March 10th. DA Davidson lifted their price objective on shares of DoorDash from $150.00 to $190.00 and gave the stock a “neutral” rating in a report on Tuesday, May 6th. Finally, JPMorgan Chase & Co. cut their price objective on shares of DoorDash from $205.00 to $175.00 and set a “neutral” rating on the stock in a report on Tuesday, April 8th. Eleven analysts have rated the stock with a hold rating and twenty-five have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $210.21.
View Our Latest Stock Report on DoorDash
Insider Activity
In other news, CFO Ravi Inukonda sold 1,425 shares of the company’s stock in a transaction dated Friday, April 25th. The stock was sold at an average price of $187.22, for a total transaction of $266,788.50. Following the sale, the chief financial officer now directly owns 337,430 shares in the company, valued at $63,173,644.60. This represents a 0.42% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Andy Fang sold 30,000 shares of the company’s stock in a transaction that occurred on Thursday, June 5th. The stock was sold at an average price of $217.52, for a total transaction of $6,525,600.00. Following the completion of the transaction, the director now owns 22,545 shares in the company, valued at approximately $4,903,988.40. This trade represents a 57.09% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 342,274 shares of company stock worth $69,198,499 over the last ninety days. Company insiders own 5.83% of the company’s stock.
DoorDash Profile
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.
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