Blue Trust Inc. Has $545,000 Stock Holdings in DoorDash, Inc. (NASDAQ:DASH)

Blue Trust Inc. boosted its position in shares of DoorDash, Inc. (NASDAQ:DASH) by 37.0% in the fourth quarter, Holdings Channel reports. The firm owned 3,250 shares of the company’s stock after purchasing an additional 877 shares during the period. Blue Trust Inc.’s holdings in DoorDash were worth $545,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the company. Flagship Harbor Advisors LLC acquired a new position in shares of DoorDash in the 4th quarter valued at $240,000. Harel Insurance Investments & Financial Services Ltd. acquired a new position in DoorDash in the fourth quarter valued at about $69,000. Exchange Traded Concepts LLC bought a new stake in shares of DoorDash in the fourth quarter worth about $508,000. RFG Advisory LLC raised its position in shares of DoorDash by 47.1% during the fourth quarter. RFG Advisory LLC now owns 4,754 shares of the company’s stock worth $797,000 after purchasing an additional 1,523 shares during the period. Finally, Brighton Jones LLC lifted its holdings in shares of DoorDash by 24.0% during the 4th quarter. Brighton Jones LLC now owns 9,336 shares of the company’s stock valued at $1,566,000 after purchasing an additional 1,807 shares in the last quarter. Institutional investors own 90.64% of the company’s stock.

Analysts Set New Price Targets

DASH has been the subject of a number of research reports. JPMorgan Chase & Co. increased their target price on DoorDash from $137.00 to $155.00 and gave the stock a “neutral” rating in a research note on Thursday, October 31st. DA Davidson raised their price objective on shares of DoorDash from $119.00 to $150.00 and gave the stock a “neutral” rating in a report on Thursday, October 31st. Morgan Stanley upped their target price on shares of DoorDash from $160.00 to $200.00 and gave the stock an “overweight” rating in a research note on Monday, January 13th. Evercore ISI lifted their price target on DoorDash from $155.00 to $200.00 and gave the company an “outperform” rating in a research note on Thursday, October 31st. Finally, KeyCorp boosted their price target on DoorDash from $180.00 to $225.00 and gave the company an “overweight” rating in a report on Thursday, January 9th. Nine equities research analysts have rated the stock with a hold rating and twenty-five have given a buy rating to the company. Based on data from MarketBeat, DoorDash currently has a consensus rating of “Moderate Buy” and a consensus price target of $178.18.

Insiders Place Their Bets

In other DoorDash news, CEO Tony Xu sold 108,332 shares of the stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $170.25, for a total transaction of $18,443,523.00. Following the transaction, the chief executive officer now owns 1,500 shares in the company, valued at $255,375. This represents a 98.63 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Keith Yandell sold 7,980 shares of the firm’s stock in a transaction that occurred on Wednesday, November 20th. The stock was sold at an average price of $169.98, for a total transaction of $1,356,440.40. Following the transaction, the insider now directly owns 124,221 shares in the company, valued at $21,115,085.58. This represents a 6.04 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 1,040,758 shares of company stock worth $181,434,201 in the last 90 days. Company insiders own 7.92% of the company’s stock.

DoorDash Stock Up 1.5 %

Shares of DASH stock opened at $188.57 on Friday. DoorDash, Inc. has a 12-month low of $99.32 and a 12-month high of $189.23. The company has a market capitalization of $78.33 billion, a PE ratio of -419.04, a price-to-earnings-growth ratio of 1.85 and a beta of 1.71. The firm has a 50 day moving average price of $175.06 and a two-hundred day moving average price of $150.38.

DoorDash (NASDAQ:DASH) last released its quarterly earnings results on Wednesday, October 30th. The company reported $0.38 earnings per share for the quarter, topping the consensus estimate of $0.21 by $0.17. DoorDash had a negative return on equity of 2.41% and a negative net margin of 1.69%. The business had revenue of $2.71 billion during the quarter, compared to analysts’ expectations of $2.66 billion. During the same period last year, the firm posted ($0.19) EPS. The firm’s revenue for the quarter was up 25.0% compared to the same quarter last year. As a group, research analysts expect that DoorDash, Inc. will post 0.29 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.