RWA Wealth Partners LLC Makes New $672,000 Investment in DoorDash, Inc. (NASDAQ:DASH)

RWA Wealth Partners LLC purchased a new position in shares of DoorDash, Inc. (NASDAQ:DASH) during the 4th quarter, Holdings Channel.com reports. The fund purchased 6,792 shares of the company’s stock, valued at approximately $672,000.

Several other institutional investors have also recently made changes to their positions in DASH. Sigma Planning Corp increased its holdings in shares of DoorDash by 33.3% during the 4th quarter. Sigma Planning Corp now owns 4,001 shares of the company’s stock worth $396,000 after acquiring an additional 1,000 shares during the last quarter. Handelsbanken Fonder AB lifted its position in shares of DoorDash by 237.4% during the 4th quarter. Handelsbanken Fonder AB now owns 139,142 shares of the company’s stock valued at $13,765,000 after acquiring an additional 97,901 shares during the period. CWM LLC lifted its position in shares of DoorDash by 61.5% during the 4th quarter. CWM LLC now owns 4,336 shares of the company’s stock valued at $429,000 after acquiring an additional 1,652 shares during the period. Signaturefd LLC lifted its position in shares of DoorDash by 3.3% during the 4th quarter. Signaturefd LLC now owns 3,824 shares of the company’s stock valued at $378,000 after acquiring an additional 121 shares during the period. Finally, Lindbrook Capital LLC lifted its position in shares of DoorDash by 82.2% during the 4th quarter. Lindbrook Capital LLC now owns 687 shares of the company’s stock valued at $68,000 after acquiring an additional 310 shares during the period. Institutional investors and hedge funds own 90.64% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently weighed in on DASH. Truist Financial upped their target price on DoorDash from $140.00 to $155.00 and gave the company a “buy” rating in a research report on Wednesday, March 27th. The Goldman Sachs Group upped their target price on DoorDash from $109.00 to $122.00 and gave the company a “neutral” rating in a research report on Friday, February 16th. Needham & Company LLC restated a “buy” rating and set a $133.00 price objective on shares of DoorDash in a research report on Tuesday, February 6th. Moffett Nathanson upgraded DoorDash from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $118.00 to $164.00 in a research report on Thursday, April 11th. Finally, Deutsche Bank Aktiengesellschaft upped their price objective on DoorDash from $140.00 to $155.00 and gave the stock a “buy” rating in a research report on Tuesday, April 16th. Nine analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $130.52.

Insider Transactions at DoorDash

In other news, insider Keith Yandell sold 3,500 shares of the company’s stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $104.89, for a total value of $367,115.00. Following the completion of the transaction, the insider now directly owns 179,350 shares in the company, valued at approximately $18,812,021.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, insider Keith Yandell sold 3,500 shares of the company’s stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $104.89, for a total value of $367,115.00. Following the completion of the transaction, the insider now directly owns 179,350 shares in the company, valued at approximately $18,812,021.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Tony Xu sold 132,300 shares of the stock in a transaction dated Thursday, March 14th. The shares were sold at an average price of $131.96, for a total value of $17,458,308.00. The disclosure for this sale can be found here. In the last three months, insiders sold 497,282 shares of company stock worth $64,885,042. 9.59% of the stock is currently owned by corporate insiders.

DoorDash Price Performance

NASDAQ:DASH opened at $126.76 on Thursday. The business has a fifty day simple moving average of $130.95 and a two-hundred day simple moving average of $108.06. DoorDash, Inc. has a 1 year low of $56.59 and a 1 year high of $143.34.

DoorDash (NASDAQ:DASH) last announced its quarterly earnings results on Thursday, February 15th. The company reported ($0.39) earnings per share for the quarter, missing the consensus estimate of ($0.15) by ($0.24). DoorDash had a negative net margin of 6.46% and a negative return on equity of 8.49%. The company had revenue of $2.30 billion during the quarter, compared to analysts’ expectations of $2.25 billion. During the same quarter last year, the firm posted ($0.63) earnings per share. DoorDash’s revenue for the quarter was up 26.7% compared to the same quarter last year. On average, equities analysts predict that DoorDash, Inc. will post 0.21 EPS for the current year.

DoorDash Company 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.