Retireful LLC Increases Holdings in DoorDash, Inc. (NASDAQ:DASH)

Retireful LLC raised its holdings in shares of DoorDash, Inc. (NASDAQ:DASH) by 121.4% in the fourth quarter, HoldingsChannel reports. The firm owned 9,621 shares of the company’s stock after buying an additional 5,275 shares during the quarter. Retireful LLC’s holdings in DoorDash were worth $1,614,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of DASH. Rakuten Securities Inc. increased its stake in shares of DoorDash by 302.3% during the third quarter. Rakuten Securities Inc. now owns 173 shares of the company’s stock valued at $25,000 after buying an additional 130 shares during the period. ORG Wealth Partners LLC bought a new stake in DoorDash in the fourth quarter valued at $36,000. Quest Partners LLC increased its position in DoorDash by 146.8% during the 2nd quarter. Quest Partners LLC now owns 343 shares of the company’s stock valued at $37,000 after purchasing an additional 204 shares during the period. Hollencrest Capital Management bought a new position in DoorDash in the 3rd quarter worth $54,000. Finally, Quarry LP purchased a new stake in shares of DoorDash in the 2nd quarter worth about $60,000. Hedge funds and other institutional investors own 90.64% of the company’s stock.

DoorDash Trading Down 0.2 %

Shares of DASH stock opened at $170.85 on Friday. DoorDash, Inc. has a 12-month low of $99.32 and a 12-month high of $181.78. The stock has a market capitalization of $70.97 billion, a P/E ratio of -379.67, a P/E/G ratio of 1.77 and a beta of 1.71. The firm’s 50 day moving average is $173.54 and its 200 day moving average is $145.09.

DoorDash (NASDAQ:DASH) last announced its earnings results on Wednesday, October 30th. The company reported $0.38 earnings per share (EPS) 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 for the quarter, compared to analysts’ expectations of $2.66 billion. During the same period last year, the firm posted ($0.19) earnings per share. The business’s revenue for the quarter was up 25.0% on a year-over-year basis. As a group, equities analysts predict that DoorDash, Inc. will post 0.26 earnings per share for the current year.

Insider Buying and Selling

In other DoorDash news, CEO Tony Xu sold 108,332 shares of the firm’s stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $170.25, for a total transaction of $18,443,523.00. Following the sale, the chief executive officer now directly owns 1,500 shares of the company’s stock, valued at $255,375. This trade represents a 98.63 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Keith Yandell sold 7,980 shares of DoorDash stock in a transaction that occurred on Wednesday, November 20th. The shares were sold at an average price of $169.98, for a total value of $1,356,440.40. Following the sale, the insider now directly owns 124,221 shares in the company, valued at $21,115,085.58. This trade represents a 6.04 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 1,019,333 shares of company stock valued at $177,556,541. 7.92% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the stock. Jefferies Financial Group boosted their price target on shares of DoorDash from $155.00 to $180.00 and gave the company a “buy” rating in a research report on Tuesday, October 22nd. Piper Sandler upped their target price on DoorDash from $125.00 to $160.00 and gave the stock a “neutral” rating in a report on Thursday, October 31st. KeyCorp raised their target price on DoorDash from $180.00 to $225.00 and gave the company an “overweight” rating in a research note on Thursday, January 9th. Argus raised DoorDash from a “hold” rating to a “buy” rating in a research note on Friday, December 20th. Finally, Wolfe Research raised their price objective on DoorDash from $210.00 to $220.00 and gave the company an “outperform” rating in a research report on Friday, January 3rd. Nine research analysts have rated the stock with a hold rating and twenty-five 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 $175.97.

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.